Year Founded: 1999
AUM: $1B | Dry Powder: $368.1M
Key Contacts
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Erin BenderChief Financial Officer
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Andrew BohutinskyManaging Partner
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Peter DaviesManaging Partner
Investment Preferences
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Preferred IndustriesCommercial Services, Distributors/Wholesale, Healthcare Services, Other Business Products and Services, Other Healthcare, Services (Non-Financial)
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Geographical PreferenceUS
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Preferred Deal TypesAcquisition Financing, Buyout/LBO, Debt – General, Leveraged Recapitalization, Management Buy-In, Management Buyout, Merger/Acquisition, PE Growth/Expansion, Recapitalization
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Other Investment PreferencesPrefers majority stake, Prefers minority stake, Will not syndicate, Will syndicate
Investments By Year
Funds Closed
Size: $280M
Dry Powder: $32.5M
Details: The fund targets B2B and healthcare sectors
Size: $280M
Dry Powder: $21.1M
Details: The fund targets investments in the commercial product and healthcare sectors
Size: $200M
Dry Powder: $21.1M
Details: The fund targets investments in the healthcare service and manufacturing sectors
Investments By Industry
Investments By Region
Key Investments
In January 2023, True North Asphalt, via its financial sponsor Stonehenge Partners, acquired Huyser Asphalt Paving & Sealcoating for an undisclosed amount. Huyser provides asphalt paving and concrete solutions to a broad base of commercial customers throughout western Michigan.
In June 2022, Cold Jet received an undisclosed amount of development capital from Stonehenge Partners and Seidler Equity Partners. Cold Jet develops and manufactures dry ice blast cleaning and green cleaning system.
In February 2021, The Davlyn Group, a manufacturer of high-temperature textile products, received $10 million of development capital from Stonehenge Partners.
In June 2019, Weil Foot & Ankle Institute, a provider of podiatric care, research and training services, received an undisclosed amount of development capital from Stonehenge Partners and Aureus Capital.
In Aug 2018, Huron Capital with KCM Capital Partners and Stonehenge Partners raised a joint investment in national food service supplier Atlantic Beverage Company. Atlantic Beverage serves as Huron Flex Equity’s newest platform in the food service and distribution markets.
In Feb 2018, Verogy raised $5 million in pre-seed equity capital from Stonehenge Growth Capital. Verogy is a solar-development company.
In Oct 2017, Stonehenge Partners, Inc. invested approximately $1 billion in Simmons Grain Company. This company is a supplier of organic soybean meal to the organic poultry and egg industries.
In Aug 2017, Stonehenge Growth Capital invested $5 million through the Invest CT program in PosiGen in order to increase the company’s operations in Connecticut and to provide clean energy technology to hundreds of low- to moderate-income Connecticut households. This company has already reduced the cost burden across four states, including Connecticut, New York, Louisiana and Florida. This investment helped PosiGen to provide an additional 750 rooftop solar panel systems to further reduce Connecticut households’ energy costs.
In Dec 2015, MedVet Associates raised $31.5 million in a combination of private equity and bank loans to finance an acquisition. Stonehenge Partners Inc. and SkyKnight Capital Fund LP invested to finance MedVet’s Chicago acquisition. This deal was raised to fuel expansion of MedVet.
In Oct 2011, SL Green Realty Corp. and Stonehenge Partners formed a joint venture to enter into a contract to acquire eight retail and multifamily properties for $416 million. This transaction was completed in the first quarter of 2012. SL Green Realty Corp. is a fully integrated real estate investment trust, focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties.
Other Details
Stonehenge invests in manufacturing, distribution, healthcare and business services companies. Stonehenge avoids investments in real estate, retail and technology. The company has made over $1.4 billion of capital commitments. Its investments range from $10 million to $50 million. Its investment team comprises 18 executives.
The firm is currently investing through its fifth fund. The situations preferred by the firm are management and leveraged buyouts, acquisitions, recapitalizations and growth equity. The firm’s latest open fund Stonehenge Opportunity Fund V, has a target size of $360 million and focuses on investment in the US.
3Stone Advisors, Barings BDC, Calvert Street Capital Partners, Dayton Development Coalition, Goldman Sachs Asset Management, Incline Equity Partners, Invesco Real Estate, Installed Building Products, Littlejohn & Co., MedVet Associates, Primus Capital are some of the co-investors who invest alongside Stonehenge Partners.
Source: Pitchbook, Company Website, Press Release