Private Equity

We are dedicated to investing in businesses with solid fundamentals and management teams that have a vision for growth and value creation. We focus on industries that provide opportunities for above average growth both organically and through strategic acquisitions. Most importantly, we invest in people who are aligned with our core values of commitment, integrity, partnership, respect, and alignment of interests. We believe that by partnering with strong management teams that have a demonstrated track record of success and that share our values, we will achieve superior returns for all involved.

Investment Criteria

We invest in buyout, acquisition, growth and recapitalization transactions as a control investor on a standalone basis or as a co-investor with other financial sponsors. We target cash-flow oriented businesses with a well-established market position and opportunities for growth. We primarily target investments in the following sectors based on our knowledge and experience: business, healthcare and industrial services, niche manufacturing, value-added distribution and education and training. We do not invest in startup businesses or make direct investments in real estate or finance companies.

Fund Name Vintage Year Fund Size Fund Status
 BB&T Capital Partners III  2013*  $229M  Currently Investing
 BB&T Capital Partners II  2007  $152M  Currently Managing
 BB&T Capital Partners  1998*  $101M  Fully Realized

*The initial BB&T Capital Partners fund was committed in three separate tranches in which the first investment in each tranche was made as follows : Tranche A ($40M) in 1998, Tranche B ($30M) in 2001, Tranche C ($30M) in 2004, Tranche D ($229M) in 2013. Fund III has economics and fees unique to its commitment of $229M and is administratively housed as a separate tranche within the 1998 Fund’s legal entity.

Investment Criteria

Types of Transactions

  • Owner-driven recapitalizations
  • Management buyouts
  • Back new executive teams to acquire and manage the business
  • Corporate carve-outs
  • Invest alongside PE sponsors looking for partners

Transaction Criteria

  • Minimum EBITDA of $3 million
  • $5-25 million investments

Investment Characteristics

  • Established and proven management teams
  • Defensible competitive advantages
  • Identified growth avenues
  • High return on net assets and free cash flow conversion

Geography

  • United States

Industry Focus

  • Industrial/Commercial services
  • Distribution/Logistics
  • Niche Manufacturing
  • Training/Education
  • Tech-enabled services
  • Marketing services
  • Healthcare