Heartwood Partners

VC · Norwalk (United States)

VC

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Series A

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About

Heartwood Partners is a private equity firm specializing in direct and fund of fund investments and family and management-owned businesses. In fund of fund, it seeks to invest in private equity funds. In direct, it specializes in buyouts, lower-mid markets, middle market, recapitalizations, platform and add-on acquisitions, industry consolidation, and small and midsized mature companies. It also provides debt. The firm prefers to invest in commercial and professional services, transportation, agriculture, trading companies & distributors, commercial printing, aftermarket auto/truck parts, consumer discretionary and products, distribution, distribution software, food products, environmental/industrial services, diversified support services, security & alarm services, household durables, leisure products, textiles, apparel & luxury goods, education services, niche manufacturing, packaging, specialty chemicals/materials, information technology, enterprise software, family and management-owned manufacturers and business service companies. It seeks to invest in companies based in the Latin America and Caribbean, Central America and Mexico, North America with a focus on the United States and Canada. The firm typically invests between $10 million and $150 million in companies with enterprise value between $15 million and $225 million, sales value between $15 million and $400 million, and EBITDA between $3 million and $30 million and lower EBITDA for add-on investments. It prefers majority stake investment, control investments and can also acquire substantial minority stakes in companies that are or can be structured as pass-through entities. It prefers an investment horizon of five to ten years. The firm typically invests in companies that are asset purchases or equivalent preferred typically organized as S-Corps, LLC’s, partnerships, and divisions of larger corporations. Heartwood Partners was founded in 1982 and is based in Norwalk, Connecticut.

Investment Criteria