STONEHENGE PARTNERS, CORP.

Thesis

Stonehenge Partners is a private equity firm founded in 1999 and headquartered in Columbus, Ohio. They focus on the lower middle market, providing flexible capital solutions including equity and debt financing to support business growth and value creation. The firm targets companies in the manufacturing, distribution, healthcare services, and business services sectors, avoiding real estate, retail, and technology. Their investment thesis centers on companies with proven management teams, stable operating history with cash flow exceeding $2 million, strong market position, and compelling industry fundamentals. Stonehenge Partners typically invests between $10 million and $50 million per deal, offering flexibility in investment structures such as subordinated debt, minority equity, control equity, or a combination thereof. They can act as the sole institutional capital provider or as a co-investment partner. The firm has raised over $1.4 billion in committed capital and is currently investing out of its sixth institutional fund. Stonehenge Opportunity Fund V LP is a $375 million private equity fund, and Stonehenge Opportunity Fund IV LP was a $280 million private equity fund.