TWO ROADS PARTNERS MANAGEMENT, LP

Thesis

Two Roads Partners Management, LP is a private equity firm established in 2022, headquartered in New York City, with $487.6 million in Assets Under Management (AUM). The firm's primary focus is on lower middle market companies within the commercial, industrial, and manufacturing sectors, with a specific emphasis on "blue-collar" industries. Their investment thesis centers on partnering with and building platforms for growth in "need-to-have" sectors that support economic expansion, particularly in fragmented markets ripe for accelerated growth and capital deployment. They favor a "buy and build" approach, targeting companies in areas such as route-based repair & maintenance, specialty distribution, warehousing, and transportation, especially those with essential supply chain channels. They also invest in value-added assembly and manufacturing of mission-critical industrial and commercial products, preferring radius-based businesses. Two Roads Partners aims to foster growth through strategic acquisitions and geographical expansion, while preserving the legacy, brand, culture, and customer base of the companies they invest in. They are known for their efficient deal closure process, often encouraging seller rollover and retaining existing management and employees. Their debut fund, Two Roads Partners Fund I, a 2024 vintage buyout fund, was sized at $400 million.

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• Series C+ investors based in New York, NY