Tulsa-based Omega Capital Management has launched its maiden private equity fund. The firm will acquire or invest in profitable, growing companies in Oklahoma and surrounding states. The fund was oversubscribed and closed at its hard cap of $30 million.
Tulsa-based Omega Capital Management, LLC today announced the launch of its inaugural private equity fund. The firm will acquire or invest in profitable, growing companies in Oklahoma and surrounding states.
The fund was oversubscribed and closed at its hard cap of $30 million. Investors include prominent entrepreneurs, family offices and foundations. “We are honored to have earned the confidence of such a distinguished group of investors,” said Jason Martin, President of Omega Capital.
Omega Capital’s principals work closely with management teams to create value through improved operating performance rather than financial engineering. Omega Capital will focus on companies with revenues of $5 million to $20 million but can team with its limited partners to pursue larger deals. The firm will sponsor a range of transactions, including owner retirement, generational transfer, management buyouts and buyouts of minority shareholders.
“We live here, our investors live here, and the dollars stay here,” said Martin, citing a key principle of Omega Capital’s strategy. “We have a vested interest in buying and building great businesses close to home.”
Concurrently with the launch of the fund, Omega Capital established an advisory board of senior executives. Members of the advisory board include:
Mark Buntz – Chief Financial Officer, The William K. Warren Foundation
Rob Coretz – Chairman, Omni Air International, Inc.
Hans Helmerich – Chairman, Helmerich & Payne, Inc.
Kevin Moore – President, Manhattan Construction Group, Inc.
E.C. “Kip” Richards – Chief Operating Officer, Sooner Inc. (retired)
Wellford Tabor – Managing Partner, Keeneland Capital, LLC
“A fund of any size would be fortunate to have this team of advisors,” said Peter Regan, Principal of Omega Capital. “They will be an invaluable source of industry expertise and business judgment.”
Omega Capital is currently seeking acquisition and investment opportunities in the energy, aviation, machinery, industrial technology, healthcare and food processing industries.