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We invest in people with the experience, integrity, and motivation to succeed.

ABOUT US

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Lower middle market focus, with $500+ million assets under management
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Collaborative, pragmatic approach to deal execution & monitoring
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Deep partner involvement, with more than 15 years of experience investing as a team

Salem Investment Partners is an investment firm with over $500 million under management. We specialize in debt and equity investments in privately-held, lower middle market businesses. Our principals have completed over 150 investment transactions in companies across a variety of sectors and business cycles. 

We are licensed by the US Small Business Administration to participate in its Small Business Investment Company ("SBIC") program. The program seeks to increase the flow of capital to emerging and middle market companies by providing flexible, low-cost capital (http://www.SBA.gov/inv).

Investment Criteria

We aim to build a balanced investment portfolio that aligns with our return and diversification objectives across different business cycles. Our primary focus is on investing in the Southeast, Midwest, and Mid-Atlantic regions, where we seek opportunities for sustainable growth and value creation.

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Company Characteristics

  • Minimum Revenue: $10 million

  • Minimum EBITDA: $1 million

  • Sustainable free cash flow

  • Proven management team with at-risk capital

  • Diversified customers, markets and suppliers

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Transaction Types

  • Private equity sponsored buyouts

  • Management and family-driven ownership transitions

  • Acquisitions

  • Recapitalizations

  • Growth capital

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Industry Focus

  • Business services

  • Light manufacturing

  • Healthcare services

  • Consumer products

  • Wholesale distribution

  • Recurring revenue business models

INVESTMENT CRITERIA

INVESTMENT SIZE
  • $2-10 million per portfolio company

COMPANY CHARACTERISTICS
  • Minimum Revenue: $10 million

  • Minimum EBITDA: $1 million

  • Sustainable free cash flow

  • Proven management team with at-risk capital

  • Diversified customers, vendors, and markets

INVESTMENT STRUCTURES
  • Interest-only, fixed rate, subordinated debt

  • Subordinated debt with nominally priced warrants

  • Minority equity co-investments

INDUSTRY FOCUS
  • Business and healthcare services

  • Light manufacturing

  • Consumer products

  • Wholesale distribution

  • Recurring revenue business models

TRANSACTION TYPES
  • Private equity sponsored buyouts

  • Management and family-driven ownership transitions

  • Acquisitions

  • Recapitalizations

  • Growth capital

GEOGRAPHY
  • Southeast, Mid-Atlantic, and Midwest regions of the US ("East of the Mississippi")

OUR TEAM

Our partners average over 25 years of experience, and are actively involved from the beginning to end of each investment.  Our team includes expertise across a variety of disciplines-- including investment management, entrepreneurship, acquisitions, dispositions and financings.  We understand the challenges facing our portfolio companies, and are well positioned to help them accelerate growth, resolve challenges and maximize value.

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Phil Martin

Partner

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Kevin Jessup

Partner

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David Faris

Partner

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Brad Morton

Partner

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Logan Trotter

Principal

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Meredith Sain

Principal

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Max Greer

Principal

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John Stanier

Principal

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Patrick Kenna

Vice President

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Brandon Reiber

Senior Associate

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Carter Jessup

Senior Associate

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Robert Broadway

Associate

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Laura Otterberg

Vice President of Finance

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Lori Hoffman

Senior Accountant

OUR ACTIVE PORTFOLIO

We provide subordinated debt and non-control equity to businesses in a variety of industries across the United States.  We finance recapitalizations, leveraged acquisitions backed by lower middle-market private equity sponsors, management and family driven ownership transitions, add-on acquisitions and growth initiatives.

CONTACT US

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