CENTERFIELD CAPITAL PARTNERS

Thesis

Centerfield Capital Partners is a private equity firm founded in 2000 and headquartered in Indianapolis, Indiana. They specialize in providing junior capital, including subordinated debt and equity financing, to lower middle-market companies. The firm concentrates its investments in the Midwest region of the United States but also invests nationally. They target companies with revenues between $15 million and $100 million and EBITDA between $3 million and $15 million. Their industry experience includes Business Services, Consumer Products, Healthcare Services, Manufacturing, and Value-Added Distribution. Centerfield explicitly avoids investing in early-stage companies, distressed situations, or businesses in the financial services, real estate, or retail industries. They offer flexible financing solutions, acting as a one-stop shop by providing subordinated debt and equity, and also facilitating senior financing through their network of bank limited partners. Centerfield Capital Partners is currently investing from its fifth fund, which totals $400 million and closed in May 2022, exceeding its $350 million target. The firm's check size per investment deal ranges from $7 million to $30 million. For control equity investments, the target investment size is typically in the lower middle market, with EBITDA between $1.5 million and $5 million. The firm has a track record of over 100 investments and has seen 34 acquisitions. Centerfield Capital Partners emphasizes its commitment to responsible investing and ESG policies.