About

Chicago-based Granite Creek Capital Partners, L.L.C. is an active manager of lower middle market debt and equity investments in Business Services, Niche Manufacturing, Food & Agribusiness, Healthcare and value-added Distribution. Granite Creek invests in high-performing businesses to support rock star entrepreneurs, the next phase of growth or a transitional event that is driving the need for additional liquidity. Granite Creek brings decades of experience in private equity, lending, strategy and operations across 80+ deals over the course of 30+ years. The Granite Creek investment team, led by Mark Radzik, Brian Boorstein, Peter Lehman and Jim Clark, brings operational and business development resources to its portfolio companies that are often inaccessible to the typical smaller business. We are more than just money; we are partners to businesses.

Be Entrepreneurial

Think differently, be realistic, be creative, dream, focus, accomplish, don’t give up.

Be Passionate

Be excited about the work, so that it doesn’t feel like work. Have convictions and stick to them.

Be a Leader

Take charge.

Be Prudent

Underwrite the downside, but prepare and work hard for the upside.

Have Character

Be honest, transparent and do the right thing.

 

Our Business

Investment Size:

$7-$20 million

Target Company Profile
  • EBITDA $3 to $15 million
  • Gross Profit margins greater than 30%
  • EBITDA margin greater than 10%
Industries
  • Manufacturing
  • Distribution
  • Business Services
  • Healthcare
  • Food & Agribusiness
Company Attributes
  • Defensible market positions and cost structures
  • Entrepreneurial leadership (existing or new)
  • Reputation for quality products or services
  • Culture of accountability
  • Sales growth-focused orientation
Transaction Types

Senior Debt, Mezzanine Debt with Equity, and Control or Minority Equity investments in growing and attractively-priced lower middle market businesses.

Granite Creek pursues control and minority interests in smaller enterprises in the United States and works as a partner to expand a portfolio company’s base business, optimize operations and leverage its network to fill leadership roles and tap strategic advisors. Granite Creek searches for businesses with defensible market niches, recognized brands, strong intellectual property and/or manufacturing process assets led by entrepreneurial management teams. Often Granite Creek’s equity investments are made in concert with a debt investment, but Granite Creek will consider equity-only investments in certain scenarios, particularly in industries where the firm has had prior experience and success.

Granite Creek makes structured investments in the subordinated debt of US-based small and mid-sized enterprises. Granite Creek invests in high-performing businesses to support rock star entrepreneurs, the next phase of growth or a transitional event that is driving the need for additional liquidity. Rather than taking the full dilution of an equity issuance, a Mezzanine capital investment from GC can provide the needed funding to effect the next phase of a company’s growth while preserving economic upside for entrepreneurs and business owners. Whether a Mezzanine investor, a majority equity owner or any structure in between, Granite Creek is a partner to businesses while bringing its support infrastructure to build businesses and optimize operations. Frequently, Granite Creek is the first institutional investor in a company and helps position the company to further access capital markets when needed.

Granite Creek is licensed by the Small Business Administration of the United States of America (“SBA”) as a Small Business Investment Company (“SBIC”).

As an SBIC, GC must adhere to certain investment restrictions:

  • Companies must be based within the United States
  • GC can only acquire original issue debt and equity
  • Small Businesses: Net worth less than $18 million or average after-tax income less than $6 million over the last two years or NAICS industry code test
  • Investments in project financing, real estate, gaming and businesses that re-lend money are prohibited

In 2011, Granite Creek co-founded Renovo Financial, Chicago's leading specialty real estate rehab and construction lender. For more information, please visit www.renovofinancial.com

Portfolio

All
Current
Exited
  • American Diabetes
     
  • Arnold Defense
     
  • Aspen Earthmoving
     
  • Big Joe
     
  • BSN
     
  • The Iron Horse
     
  • THE CHIA CO
     
  • Cyalume Technologies
     
  •  
  • Fermented Nutrition Corporation
     
  • Globale
     
  • Hughes Telematics
     
  • Mincron
     
  • MobileLife
     
  • National Direct Packaging
     
  • Red Envelope
     
  • Renovo Financial
     
  • SMS Assist
     
  • Spiegel
     
  • Symphonix
     
  • Weld
     
 

The Team

  •  
  • Brian Boorstein
     
  • Peter Lehman
     
  • James Clark
     
  • Mike Barry
     
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Meet the Executive Council

What Our Partners Say

On Partnership

I needed a trusted private equity partner with experience investing in high growth companies with large capital market financing needs, and acting as a counter-party to a multi-billion dollar company. My longstanding association with GC’s Partners made me confident that they were the perfect fit.

Rob Webb President, UnitedHealth Group Ventures
On Operational Support

I have held leadership positions with world class companies, and would rank my experience with GC as one of the best. They have offered unconditional support of my leadership with regards to direction, decision making, and enterprise wide investments.

Norman Young CEO, Weld Racing
On Business Development

GC was the first institutional investor to believe in the opportunity SMS had to revolutionize the facilities maintenance industry through our disruptive technology. The Granite Creek team has supported our growth objectives through trusted counsel as well as introductions to customers, strategic partners, and additional investors. It’s been a great partnership.

Mike Rothman CEO, SMS Assist
On Leadership

Granite Creek was a leader in every sense. They were accessible, open-minded, and supportive of me as the CEO; they gained the respect of the entire Board through their depth of business experience and sound advice; and the quality, quantity, and timeliness of their contributions were extremely valuable.

Jim Iversen Chairman of the Board, Mincron
On Strategy Acumen

Granite Creek was a true partner in giving us the resources and insights we needed. We have more than tripled revenues over the past six years and we certainly could not have done it without their partnership, financial acumen and overall support.

Dan Rosskamm President, Big Lift
On Governance

Granite Creek was a great thought partner that created long term value for all stakeholders. Their contributions at the board level were numerous, and on multiple occasions they went out of their way to be a sounding board and resource for management.

Jamie Schleck Director, Cyalume

News

  • September 5, 2018
    SMS Assist to Open Naperville Call Center for up to 400
    SMS Assist, one of Chicago’s most closely watched growth-stage tech companies, is planning a big expansion. So why is a Michigan Avenue-headquartered firm deciding to grow in the suburbs?
    Read More
  • March 7, 2018
    SMS Assist Continues to Build World-Class Executive Team with Hiring of Amazon Veteran Peter Commons as Chief Product Officer
    SMS Assist today announced the hiring of Amazon veteran Peter Commons as Chief Product Officer.
    Read More
  • January 18, 2018
    KION buys into EP Equipment, Big Lift’s majority owner
    The KION Group is entering into an exclusive global strategic partnership with leading Chinese manufacturer EP Equipment in the fast-growing market for entry-level, light-duty warehouse equipment.
    Read More
  • January 25, 2017
    WELD AND MOMO JOIN FORCES
    Kansas City, MO. – With over 100 years of combined motorsports and performance automotive leadership, two of the industry’s most iconic companies, MOMO and WELD Racing join together to create a global portfolio of storied high performance brands and product lines.
    Read More
  • June 23, 2016
    Strong growth drives new additions at Big Joe
    Big Lift LLC, manufacturer and distributor of Big Joe brand material handling equipment, will complete of a number of expansion plans next month in response to continuing strong growth in North America.
    Read More
  • June 17, 2016
    Ernst & Young Announces SMS Assist CEO Mike Rothman Named EY Entrepreneur of the Year® 2016 Technology Award Winner in the Midwest
    Ernst & Young announced that Mike Rothman, chairman and CEO of SMS Assist, an innovative mobile and cloud-based multisite property management company, received the EY Entrepreneur of the Year® 2016 Technology Award in the Midwest.
    Read More
  • June 7, 2016
    SMS Assist, a No-Glamor Start-Up, Becomes a Unicorn
    Chicago's latest unicorn is all about grit.
    Read More
  • June 7, 2016
    SMS Assist Receives $150M Series D Investment from Goldman Sachs Investment Partners
    SMS Assist, an innovative mobile and cloud-based multisite property management company, today announced it has raised $150 million in Series D funding from Goldman Sachs Investment Partners. Prior investors in SMS Assist include Insight Venture Partners and Pritzker Group Venture Capital.
    Read More
Read More News

Contact Us

Chicago

Granite Creek Capital Partners
222 W Adams Street, Suite 1980
Chicago, IL 60606

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Los Angeles

Granite Creek Capital Partners
11777 San Vicente Blvd., Suite 650
Los Angeles, CA 90049

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Phone 312.895.4500

Email info@granitecreek.com

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