Kendall & Co Review: Lower Middle Market Private Equity Investment

In-depth review of Kendall & Co: lower middle market investment thesis, portfolio companies, deal criteria.

Key Takeaways

  • •Focus on Distribution, Industrial, Manufacturing companies
  • •Investment range: $10M-$40M in equity
  • •Based in Chicago, Illinois
  • •Active value creation approach
  • •Lower middle market focus

What Kendall Looks For

  • Cash flow — Stable cash generation
  • Market position — Defensible position
  • Management — Experienced teams
  • Value creation — Operational improvements

Pro Tip

Kendall focuses on companies with strong fundamentals and clear pathways to growth. Be prepared to demonstrate your company's operational strengths.

Pro Tip

Demonstrate a strong management team with equity ownership alignment.

Frequently Asked Questions

What industries does Kendall & Co focus on?

Kendall & Co primarily invests in Distribution, Industrial, Manufacturing. The firm seeks companies with strong market positions and clear growth trajectories.

What size companies does Kendall & Co acquire?

Kendall & Co typically invests $10M-$40M in equity, targeting companies with enterprise values in the lower to middle market range.

What is Kendall & Co's typical investment size?

The firm's equity investments generally range from $10M-$40M, positioning them as active investors who can provide meaningful capital for growth.

How long does Kendall & Co's due diligence process take?

Due diligence timelines vary by deal complexity, but Kendall & Co typically conducts thorough financial, operational, and market due diligence over several weeks to months.

What should I prepare before engaging with Kendall & Co?

Prepare three years of audited financials, detailed market analysis, management team bios, growth plans, and a clear vision for how the partnership would create value.

How does Kendall & Co work with portfolio companies?

Kendall & Co takes a partnership approach, working closely with management teams on strategic initiatives, acquisitions, and operational improvements.

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This article is part of our Private equity firms | Eagle Rock CFO guide.