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

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

The Team

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  • Brian Boorstein
     
  • Peter Lehman
     
  • James Clark
     
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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

  • October 22, 2020
    Morrow Sodali Ranked #1
    Morrow Sodali has been ranked #1 by The Deal in their 2020 Power Rankings of M&A Proxy and Information Agents, having advised on more M&A transactions in the first three quarters of 2020 than any other proxy firm.
    Read More
  • September 1, 2020
    Royal Biologics Announces the Acquisition of FIBRINET
    ​​​​Royal Biologics, an ortho-biologics company specializing in the research and advancement of autologous and live cellular solutions, today announced the completed acquisition of FIBRINET, from Vertical Spine LLC. The acquisition comes as part of Royal Biologics' strategic initiative to add novel technologies to its growing portfolio of autologous and live cellular solutions to support orthopedic and spinal fusion.
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  • July 21, 2020
    MORROW SODALI ESTABLISHES STRATEGIC ADVISORY BOARD
    Morrow Sodali today announced the formation of a Strategic Advisory Board comprising world-class executives and consultants from a wide range of disciplines. The eight newly appointed external Board members will work closely with Morrow Sodali’s executive leadership team, providing guidance and insights on issues of strategic importance and helping the company achieve its growth goals. Morrow Sodali is successfully advancing its plan to expand in governance consulting (particularly ESG advisory services), stock surveillance, shareholder and bondholder engagement, M&A and activism advisory, and proxy solicitation services.
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  • April 8, 2020
    GRANITE CREEK CAPITAL PARTNERS & THERON TECHNOLOGY SOLUTIONS LAUNCH FREE WEB-BASED PAYCHECK PROTECTION PROGRAM (PPP) LOAN CALCULATOR
    Granite Creek Capital Partners, L.L.C., a private investment firm based in Chicago, and Theron Technology Solutions, a Chicago-based technology services organization, today jointly announce the launch of free web-based tools for small businesses to estimate amounts available and forgiven under the Paycheck Protection Program (“PPP”).
    Read More
  • January 21, 2020
    Royal Biologics Announces the Launch of Cryo-Cord™, the First Non-DMSO Viable Umbilical Cord Graft
    Royal Biologics, an ortho-biologics company specializing in the research and advancement of novel ortho-biologics solutions, today announced the launch of Cryo-Cord™, the first DMSO-free viable umbilical cord graft. The company will be showcasing Cryo-Cord™ along with its new portfolio of Autologous Live Cellular (ALC) technologies at the NY20 Foundation for Podiatric Medicine meeting, held January 24-26 in New York, NY for more than 1500 clinical attendees.
    Read More
  • January 8, 2020
    Royal Biologics announces the launch of MAGNUS, a DMSO-free viable cellular bone allograft
    Royal Biologics, an ortho-biologics company specializing in the research and advancement of regenerative cellular therapy and novel orthobiologic solutions, has announced the launch of MAGNUS, a DMSO-free viable cellular bone allograft. MAGNUS presents a unique solution to traditional viable cellular allograft technology as it utilizes a DMSO-free cryoprotectant. This novel approach to the viable cellular allograft market differentiates MAGNUS from all other technologies currently available.
    Read More
  • December 13, 2019
    Morrow Sodali Receives 2019 Advisor Award (pg.14)
    Michael Verrechia, Morrow Sodali’s U.S.-based managing director of activism and contested situations, said his team has been working with both new and existing clients on activism preparedness “much earlier in their annual meeting process.” Verrechia believes a prevalent trend this proxy season was opposition to M&A and he expects more such campaigns next year.
    Read More
  • October 24, 2019
    Granite Creek Capital Partners, L.L.C. and Red Arts Capital Announce Acquisition of Sunset Pacific Transportation (Globe Newswire)
    Granite Creek’s investment in Sunset Pacific Transportation was made from its $200 million fund, Granite Creek FlexCap II, L.P. (“FlexCap II”). Within FlexCap II, Granite Creek expects to invest in a total of 15-20 companies engaged in manufacturing, business services, healthcare and agribusiness. Granite Creek plays an active role with the leadership of its portfolio companies and serves as a trusted advisor and partner. Sunset Pacific Transportation is the first California-based company in its current portfolio.
    Read More
Read More News

Contact Us

Chicago

Granite Creek Capital Partners
222 W Adams Street, Suite 3125
Chicago, IL 60606

Map It

Phone 312.895.4500

Email info@granitecreek.com

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