Thank You to Our Partners
Founded in 1999, this year marked our 24th year of partnering with and providing solutions to entrepreneurs, family / founder owned businesses, and sponsors across the lower middle market. We continue to be grateful for our loyal investor base, as well as the strength of our relationships across the market.
We had another strong year as we stayed active with several new platform investments as well as multiple add-on acquisitions for our existing portfolio companies. In aggregate, the firm deployed over $100 million of capital during the year. We also successfully exited our position in PPM Technologies, which was acquired by Duravant LLC.
As we begin 2024 and look to the year ahead, we are excited to continue to partner with exceptional management teams, build winning organizations, and create shareholder value. The below outlines our key milestones from the past year. We thank our partners across the middle market and look forward to working with you on new opportunities this year.
2023 Investment and Exit Activity
New Platform Investments
| Company | Description | Investment | Location |
 | Importer and distributor of high-grade natural stone, quartz, and porcelain products | Minority Equity | Austin, TX |
| Undisclosed Midwest-Based Manufacturer | Designer and manufacturer of mission-critical precision parts, components, and assemblies | Subordinated Debt | Midwest |
 | Premier event service provider | Equity and Subordinated Debt | Raleigh, NC |
Add-On Acquisitions
| Portfolio Company/Add-On | Description | Location |
 | Provider of asphalt paving and concrete solutions to a broad base of commercial customers | Grand Rapids, MI |
 | Manufacturer of passive and active radio frequency identification (“RFID”) readers and tags | Peachtree, GA |
 | Franchisee of Sola Salon studios in Houston, TX | Houston, TX |
 | Provider of irrigation system installation and services, pest control, and other lawn care services | Dover, NJ |
 | Provider of irrigation system installation and services, lawn care, and lighting installation | St. Louis, MO |
 | Operator of cheer and dance events | Southeast |
Exited Investments
| Portfolio Company/Acquirer | Description | Location |
 | Manufacturer of food processing equipment | Newberg, OR |
Firm Overview and New Opportunity Outreach
Stonehenge Partners is an Ohio‐based private equity firm that focuses exclusively on the lower middle market. Founded in 1999, we have a long history of partnering with leading entrepreneurs and managers who are focused on building winning teams, accelerating growth, and creating shareholder value. We provide flexible capital that meets the needs of all stakeholders, including majority equity, minority equity, debt, and combinations thereof.
Please reach out for new investment and partnership opportunities.
| Michael Arguelles Partner 614-439-3407 marguelles@stonehengepartners.com | Chris Buehler Director 614-246-2542 cmbuehler@stonehengepartners.com |
