We invest in people with the experience, integrity, and motivation to succeed.
ABOUT US
Lower middle market focus, with $500+ million assets under management
Collaborative, pragmatic approach to deal execution & monitoring
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
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
Transaction Types
-
Private equity sponsored buyouts
-
Management and family-driven ownership transitions
-
Acquisitions
-
Recapitalizations
-
Growth capital
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.
Phil Martin
Partner
Kevin Jessup
Partner
David Faris
Partner
Brad Morton
Partner
Logan Trotter
Principal
Meredith Sain
Principal
Max Greer
Principal
John Stanier
Principal
Patrick Kenna
Vice President
Brandon Reiber
Senior Associate
Carter Jessup
Senior Associate
Robert Broadway
Associate
Laura Otterberg
Vice President of Finance
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.
