Our focus at Centerfield is to invest in leading companies in the lower middle market. While we pursue investment opportunities across the United States, our preference is to invest in companies in the Midwest, a region where we maintain a broad network of relationships and which is historically underserved by private equity.
Centerfield seeks companies that generally meet the following characteristics:
Financial Characteristics
- $15 to $100 million of annual revenue
- $3 to $15 million of annual EBITDA
- EBITDA margins greater than 10%
- Historical profitability and growth
Business Characteristics
- Experienced management teams
- Strong market position
- Stable or growing industries and end markets
- Sustainable competitive advantages
- Discernable barriers to entry
- Headquartered in the United States (preference towards Midwest)
Industries of Interest
- Manufacturing
- Business Services
- Consumer Products and Services
- Value-Added Distribution
- Specialty Chemicals
- Specialty Foods
- Infrastructure Components
- Education Services
- Healthcare Services
Centerfield Does Not Invest In
- Early stage or developmental stage businesses
- Public companies
- Turnaround or distressed situations
- Project oriented financings
- Businesses with significant exposure to commodities or energy prices
- Companies headquartered outside of U.S.
- Retailers or restaurants
- Investment real estate