Wheelhouse LLC said Tuesday that it is expanding into private equity investing. The executive management firm has formed Wheelhouse Capital Partners, which is backed by Global Endowment Management. Wheelhouse Capital will seek to invest in lower middle market business in healthcare and industrial services.
FRANKLIN, Tenn.–(BUSINESS WIRE)–Wheelhouse, LLC (“Wheelhouse”), an innovative executive management firm specializing in growing shareholder value, today announced its expansion into private equity investing through the newly formed Wheelhouse Capital Partners, which is backed by Global Endowment Management (GEM).
Wheelhouse Capital Partners is looking to acquire lower middle market businesses in the $10 million to $30 million range in its two core sectors: healthcare and industrial services.
“After a great deal of preparation, we are proud to incorporate private equity investing into our already unique business model,” said Steve Simpson, Wheelhouse co-founder and managing partner. “This expansion is a natural evolution for our firm and we are pleased to add GEM as a partner.”
After working closely with private equity firms for years in a variety of different companies, Steve Simpson and Mark Graham formed Wheelhouse in 2009. In the six years since, Wheelhouse has applied its strong leadership philosophy and hands-on management skills to achieve demonstrable growth for a variety of private equity portfolio companies.
Wheelhouse Capital Partners will adopt the same approach with its portfolio companies, leveraging the skills of its multi-disciplinary group of experts in areas such as finance, information technology, business intelligence and sales and marketing.
“What sets Wheelhouse Capital Partners apart is the track record and experience of our team,” said Mark Graham, Wheelhouse co-founder and managing partner. “Our bench of management experts will provide strategic direction and improve operations to help our portfolio companies become better, stronger and more valuable.”
The Wheelhouse Capital Partners team is made up of former CEOs and management professionals across a broad base of industries, led by Graham and Simpson, who have deep backgrounds in healthcare and industrial services.
“GEM’s private investing strategy is to seek out partners with an eye for value, operational intensity and proven experience growing businesses,” said Hugh Wrigley, GEM managing director. “Mark and Steve bring all of these qualities to the table, and our partnership with them embodies the next generation of private equity.”
About Wheelhouse, LLC
Founded in 2009, Wheelhouse, LLC is an executive leadership firm specializing in growing shareholder value. The company utilizes a hands-on management approach developed specifically for companies seeking strong leadership to achieve demonstrable growth. For more information, visit www.wheelhouse-llc.com.
About Wheelhouse Capital Partners
Wheelhouse Capital Partners is a committed private equity firm that invests in healthcare and industrial services companies. Wheelhouse leverages a unique approach and deep bench of operational experts to create and grow shareholder value. Combining strategic direction with hands-on operational improvement, the multi-disciplinary Wheelhouse team helps its portfolio companies become better, stronger and more valuable. To learn more, visit www.wheelhousecapitalpartners.com.
About Global Endowment Management
GEM is an investment management firm based in Charlotte, serving primarily endowment, foundation and other institutional clients.