The Beekman Group Closes Second Lower Middle Market Buyout Fund with $100 million

January 15 - 2013
Related Company: TBG Food Acquisition Corp.

Beekman to Continue Building Lower Middle Market Companies in Partnership with Management

The Beekman Group LLC announced today the final closing of Beekman Investment Partners II, LP (“Beekman II”) at $100 million in equity commitments.

“We are pleased to have raised $100 million in the current environment and to have surpassed our debut fund by over 40%” said John G. Troiano, founder and managing partner of The Beekman Group. “We credit our focused strategy, top quartile returns, and experienced investment team for this and appreciate the strong support from our existing limited partners and from our new investors.” Beekman’s second fund had 90% re-commitment from its first fund investors and includes a highly regarded group of institutional investors including several family offices, state and government retirement systems, and large financial institutions.

Beekman II will continue the successful strategy employed by its first fund, investing in lower middle-market services companies with enterprise values ranging from $15 million to $75 million in four focus industry sectors – consumer, healthcare, business and financial services. Beekman takes an active role in working with management and guiding its portfolio companies’ growth initiatives and improving operations, in conjunction with a team of seasoned operating executives (“Industry Partners”) who are actively involved in industry analysis, investment sourcing, diligence and company oversight. The Firm’s investment team is led by Managing Partner, John G. Troiano, formerly with Onex Corporation and with a successful 20-year track record in middle market private equity, and by Managing Directors Andrew Marolda and Andrew Brown.

The Beekman Group’s first fund closed in 2006 with approximately $70 million in commitments and has made over a dozen platform investments and add-on acquisitions. Beekman II will continue to follow its successful strategy of making control investments in lower middle market service companies and creating value through operational improvements as well as revenue and EBITDA growth. Beekman II has made two investments to date, and will seek to make six to eight additional platform investments during its investment period.

“The current environment is attractive for identifying unique lower middle market businesses and providing capital for growth and acquisitions. Our success is built on bringing a comprehensive set of resources to help existing management teams further professionalize and expand their companies” said Mr. Troiano. “We look forward to continue working with these management teams and growing our businesses together.”

Sparring Partners served as exclusive placement agent to The Beekman Group for Beekman II. Sparring is a FINRA registered broker-dealer and has been the placement agent for top buyout, growth equity and venture firms. Sparring Partners also assist clients in equity and debt capital raising and sell-side M&A advisory. www.sparringpartners.com

About The Beekman Group 

The Beekman Group (www.thebeekmangroup.com) is a leading private equity firm dedicated to bringing financial and operational resources to lower middle-market companies. Beekman’s team consists of experienced private equity professionals, as well as a select group of Industry Partners who are leading executives in Beekman’s targeted industry segments. This Industry Partner approach to investing is the cornerstone of Beekman’s investment strategy — creating value through accelerating growth in partnership with small and middle-market management teams.

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Contact: Roger Ardan

Middleberg Communications

646-385-8273

rardan@middlebergcommunications.com

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