DALLAS and DETROIT, Jan. 11, 2011 — Long Lake Partners, led by Nicholas Kulkarni and Nicholas Lardo, announced the completion of fundraising and the commencement of its search to acquire and actively grow lower-middle market businesses with a focus on the Midwest and Central South regions of the U.S.
With offices in Dallas, TX and Detroit, MI, the firm targets privately held, niche businesses in growing industries generating between $8 and $50 million of sales. Long Lake provides a unique combination of growth capital and operational resources by assuming active positions alongside existing management teams in order to help achieve long-term growth.
Barry Reynolds, General Partner of Housatonic Partners, stated, "We look forward to our investment partnership with Long Lake and its pursuit of growth companies." Reynolds continued, "By applying its unique approach to the lower-middle market, Long Lake is well-positioned to create long-term value through growth."
Rich Kelley, Co-Founder and Principal of Search Fund Partners, emphasized, "We are excited to be investing in Long Lake Partners. The experienced backgrounds of Long Lake's professionals are well-suited for the challenge and we are confident they will find the right opportunities to buy and manage."
"Long Lake does not take the typical private equity approach of building a portfolio of companies but rather partners with one company at a time," explained Nicholas Kulkarni, Managing Partner. Nicholas Lardo, Managing Partner, added, "The business is viewed as a long-term platform for growth via active strategic and operational management, not just an opportunity to 'flip' through financial engineering."
Long Lake Partners is a private investment firm representing established institutional and high-net-worth investors. It was founded by professionals with expertise ranging from private equity and investment banking, to management, operations, sales and engineering. For more information, please visit http://www.longlake-partners.com and email Nicholas Kulkarni at Email or Nicholas Lardo at Email.
Dallas Office:
4514 Cole Avenue, Suite 600
Dallas, TX 75205
214.558.0046
Detroit Office:
401 S. Old Woodward Ave., Suite 340
Birmingham, MI 48009
313.247.9660
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