At Annapurna Capital Management, we take a collaborative approach to investing in and growing lower middle market companies, with a focus on asset-intensive businesses in energy services, freight transportation and related industries.
We benefit from a continuously stocked pipeline of acquisition opportunities and an outstanding network of industry specialists. We prize our reputations in the sectors and regions that our team covers.
We are conservative with financial leverage but aggressive with operational performance expectations. Discipline and consistency are the hallmarks of the Annapurna Capital Management way of doing business.
We apply our capital and advisory resources to support talented management teams facing opportunities and growing pains in industries we know intimately. This support delivers to our portfolio companies the power and drive they need for their next phase of their growth and maturity.
Our team owns a repeatable record of success in specific industries and target acquisition sizes that are overlooked by other sophisticated private equity firms and strategic acquirers.
Our Investment Criteria
- Up to $100 million revenue
$2-$10 million EBITDA
Up to $50 million equity value, with the ability to consider larger transactions through a robust network of sponsor and family office relationships
High growth potential, whether organic or acquisition-driven
- Control-oriented equity positions in asset-intensive businesses
Conservative capital structures
Opportunities to add service lines to existing business
Operations anywhere in North America
- Strong, operationally-focused management teams