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Investment Strategy

Weinberg Capital Group sources, executes, and manages control investments in growth-oriented lower-middle market businesses. We seek opportunities where we can leverage our flexible capital, decades of operating experience and extensive network to build best-in-class management teams and help drive capital appreciation through organic and acquisitive growth strategies. While we seek to monetize our investments through future liquidity events, we have the flexibility to hold long-term when appropriate to maximize value.

Platform Criteria

We invest in companies throughout the United States with annual revenue from $15 to $100 million and EBITDA ranging from $2 to $10 million. Although we are open to exploring opportunities across all types of industries, we target businesses in the following sectors:

  • Business Services
  • Engineered Products
  • Value-Added Distribution
  • Consumer Products

While we are open to exploring opportunities across a range of deal contexts, we focus on situations where ownership has a desire to reinvest and where key members of the management team are staying in place.

What Makes Us Different

Unlike many traditional private equity and other institutional investors that operate with mandates and restrictions, we are able to leverage our highly flexible family office capital to create bespoke structures that meet the unique needs of business owners, their families, and management in order to drive successful outcomes. Working closely as partners with sellers and management, we determine the best strategy to maximize the Company’s opportunities and create sustainable value without pressures brought on by artificial timelines.

Active Investments

Drake Waterfowl Systems

Drake is a leading provider of branded hunting, fishing, and casual apparel for outdoor enthusiasts. The Company offers hunters and anglers a complete line of high-quality technical apparel, footwear, and field accessories essential for waterfowl hunters, deer and big game hunters, turkey hunters, freshwater anglers, and upland bird hunters. Drake sells its products through its extensive big box and dealer retail network and direct to consumer on its website.

Acquired

September 2021

Headquarters

Olive Branch, MS

Status

Current

Seeking Add-Ons

Yes

Alex N. Sill Company

Alex N. Sill Company, LLC. (“Sill”) is a leading licensed public insurance claims adjuster exclusively representing business and property owners nationwide. Sill’s highly experienced team of adjusters, appraisers and forensic accountants specialize in managing the complex process of filing and settling building, contents, or business interruption insurance claims. The company has built a tremendous track record of success by efficiently and effectively working with corporate clients, across all types of industries, and individuals facing a loss caused by fires, tornados, floods, hail storms, and hurricanes.

Acquired

August 2018

Headquarters

Cleveland, OH

Status

Current

Seeking Add-Ons

Yes

HoodMart

HoodMart, Inc. (“HoodMart”) specializes in the design, manufacture and sale of ventilation systems (exhaust hoods) for the large and growing commercial cooking industry. The company manufactures both traditional mounted systems, which tie into the existing HVAC network as well as portable, ventless hoods, which feature replaceable charcoal filters. The company’s hoods are manufactured as a complete system and include exhaust fans and fire suppression systems. Through its www.hoodmart.com website, the company was the pioneer of the direct-to-end-user business model for commercial cooking exhaust hoods. By going direct to the end-user, HoodMart is able to avoid heavy dealer markups and thus pass the savings on to its customers. HoodMart’s primary customers include individual restaurateurs, small restaurant groups, HVAC installers and smaller commercial kitchens such as those found in convenience stores and office cafeterias.

Acquired

March 2016

Headquarters

Elyria, OH

Status

Current

Seeking Add-Ons

Yes

H-D Advanced Manufacturing

H-D Advanced Manufacturing (“H-D”) is a holding company formed by The Riverside Company, Hicks Equity Partners and Weinberg Capital Group to acquire operating companies in high-precision manufacturing. To date, H-D has completed eight acquisitions, including Overton Chicago Gear Corporation, a manufacturer of large, high-precision gears and gearboxes; Innovative Mechanical Solutions, a manufacturer of highly engineered, custom bearings for the directional drilling motor industry; Leading Edge Heat Treating Services, a provider of superior heat treating solutions; Sungear, a manufacturer of loose gearing and gear assembly products utilized in aerospace applications; Crown Precision, a provider of machining services to the aerospace industry; Intellifuse, a manufacturer of proprietary coated radial bearings, pads and other wear products; Precision Aero, a manufacturer of thermally actuated pressure relief devices utilized in aerospace and industrial applications; Firstmark Corporation, a manufacturer of components and sub-assemblies for aerospace and defense applications and Numeric Machine, a high-precision machine shop in Edmonton, Canada serving the oil & gas industry.

Formed In

December 2012

Headquarters

Houston, Texas

Status

Current

Seeking Add-Ons

Yes

Channel Products

Channel Products (“Channel”) is a leading designer and manufacturer of ignition systems and safety controls for gas appliance manufacturers worldwide. The primary markets served by the company include the outdoor cooking; recreational vehicle; commercial laundry; and water, space and agricultural heating. The company also designs and manufactures piezoceramics for military and acoustic applications.

Acquired

July 2011

Headquarters

Solon, OH

Status

Current

Seeking Add-Ons

Yes

Realized Investments

Convenience Valet

Convenience Valet (“CV”) is the originator and leading value-added distributor of blister pack (windowed) branded convenience / travel size health and beauty care products, over-the-counter drugs, personal care products and sundries sold in small-portion packages. CV acquires branded products from the manufacturer and then repackages the products in convenient size (single / double dose) and trial / travel size packages for over 100,000 retail locations, which include grocery stores, convenience stores, drug stores, gas stations, mass merchants, warehouse clubs, travel centers, airports, hotels and cruise lines. The company distributes over 500 branded products and has established an expansive distribution network, through which its partners’ products can efficiently reach consumers on a nationwide basis. In August 2020, WCG completed the sale of CV to Lil’ Drug Store Products Inc.

Acquired

March 2015

Headquarters

Glendale Heights, IL

Status

Exited August 2020

AeroRepair

AeroRepair, Corp. and Hemico, Inc. (commonly owned and collectively referred to as “AeroRepair”) is an FAA certified repair station specializing in the repair and overhaul of aircraft brake assemblies, wheel assemblies, landing gear, starter generators, batteries, oxygen canisters and related aircraft components for wide body aircraft, regional aircraft, corporate aircraft and military aircraft. The company also manufactures a line of replacement or modified aircraft parts under an FAA Parts Manufacturer Approval (PMA) certification. In addition, AeroRepair maintains a large pool of critical aircraft components that are available on an exchange basis. On December 23, 2019, WCG completed the sale of AeroRepair to New York-based private equity firm GenNx360 Capital Partners.

Acquired

March 2012

Headquarters

Londonderry, NH

Status

Exited December 2019

Carls Patio

Carls Patio, Inc. (“Carls”) is a leading marketer of luxury outdoor furniture and accessories serving affluent consumers throughout south Florida. Operating a chain of ten specialty retail outlets, Carls offers the industry’s most comprehensive selection of high-end outdoor furniture from leading international vendors such as Woodard/Landgrave, Brown Jordan, Lloyd/Flanders, Gloster, Pride Family and Whitecraft. The company also markets its own proprietary line of furniture under the Fifth & Shore brand name. On January 22, 2018, WCG completed the sale of Carls to Rooms To Go.

Acquired

March 2013

Status

Exited January 2018

Encore National Bank

Encore National Bank (“Encore”) is a leading community bank serving Southwest Florida. Encore currently operates six branches with two in Naples, and one each in Fort Myers, Port Charlotte, Sun City Center and Bonita Springs. Encore was acquired by Lake Michigan Credit Union on April 19, 2018.

Acquired

June 2011

Status

Exited April 2018

Cargo Airport Services

Cargo Airport Services (“CAS”) provides import and export cargo handling services, including the receipt and delivery of cargo to/from an aircraft, palletization of export cargo, customs documentation, verification and related traffic management. During WCG’s ownership, CAS expanded from serving 13 international air cargo carriers at two international airports to the largest U.S.-based international cargo handler serving 64 international air cargo carriers at eleven international airports in the U.S. and Canada. On March 31, 2011, WCG completed the sale of CAS to New York-based private equity firm ICV Capital Partners.

Acquired

March 2005

Status

Exited March 2011

Hawk Corporation

Formed in 1989 by Ronald Weinberg and Norman Harbert, Hawk Corporation (“Hawk”) was a leading supplier of friction products for brakes, clutches and transmissions used in airplanes, trucks, construction and mining equipment, farm equipment, and recreational and performance automotive vehicles. In 1998 the company was taken public on the New York Stock Exchange trading under the symbol HWK. On December 6, 2010 Hawk was sold to Carlisle Companies, Inc. (NYSE: CSL) for $413 million.

Formed In

1989

Status

Exited December 2010