Source Capital
PE/Buy-Out · Atlanta (United States)
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About
Source Capital, LLC is a private equity firm specializing in investments in preferred or common equity, management-backed leveraged buyouts, growth capital, distressed, turnarounds, special situations, acquisitions, divestitures, recapitalizations, growth financings, later stage, PIPEs, bridge financing, and industry consolidation. The firm seeks to invest in middle markets and lower middle market and mature small-cap private companies. It is generalists in approach but does not invest in venture capital, high tech, and real estate. The firm typically invests in business services, value added distribution or supply, healthcare, industrials, telecommunications, utilities, materials, energy, consumer products and services, B2B E-commerce and light manufacturing sector. In addition, it seeks to invest in businesses that are complimentary to its portfolio holdings such as heavy equipment rental; ambulance businesses particularly those with a ‘non-emergency’ focus; manufacturers of storage items such as sheds, furniture, play sets and other large items to be built or installed in the ‘backyard’; metal and plastic hardware and accessories for use in the apparel business; coffee roasters, wholesalers and retailers; businesses that serve the nuclear power industry including waste processing and storage; and outdoor sports including surf and skate. The firm primarily invests in companies based in the United States and selectively in Canada. It prefers to invest between $2 million and $40 million in companies with enterprise value between $5 million and $25 million, and revenue greater than $10 million. The firm makes a debt investment of $1 million to $15 million. It seeks to invest in companies with EBITDA value more than 2 million. The firm seeks to acquire a controlling stake in its portfolio companies, although the non-controlling opportunities will also be reviewed for high-growth companies. Source Capital, LLC was founded in 2002 and is based in Atlanta, Georgia with an additional office in Atlanta, Georgia and San Francisco, California.
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