Behrman Capital Analysis
What is Behrman Capital?
Private equity firm focused on middle-market leaders
Employees
11-50
Founded
1991
Product Features & Capabilities
- Private equity investments in middle-market companies
- Strategic operational support for portfolio companies
- Sector-focused investment strategies
Use Cases
Acquiring and growing middle-market companies in North America; Providing operational support to enhance company performance; Investing in sectors with high growth potential; Partnering with management teams for strategic development; Facilitating leadership transitions within portfolio companies
Investment Focus
Behrman Capital primarily focuses on investing in middle-market companies in North America. Their investment strategy includes taking control positions in high-quality businesses, particularly in the sectors of Defense & Aerospace, Healthcare, and Specialty Industrials. The firm typically engages in private company buyouts, recapitalizations, and division spinoffs of public companies. Behrman Capital aims to realize capital gains on their investments within a timeframe of four to seven years, emphasizing internal growth and acquisitions as key value-building strategies.
Assets Under Management
$3 billion
Investment Geography
Behrman Capital primarily invests in North America, focusing on acquiring middle-market companies in this region.
Key Portfolio Companies
Behrman Capital's key portfolio companies include:
- Condor Systems - Supplies electronic, electromechanical, and information systems to governments and private industry, focusing on signals intelligence and electronic warfare.
- Data Device Corporation (DDC) - A leading manufacturer of data bus, motion control, and solid-state power controller products for aerospace, defense, and industrial applications.
- Hunter Defense Technologies - Provides rapidly deployable tactical shelters, heaters, generators, and air filtration devices primarily to military and civilian customers.
- ILC Dover - Offers high-performance flexible materials for government and commercial applications, including bio-pharmaceutical protection and pressurized space suits.
- kSARIA - Specializes in high-reliability connectivity products and services, including optical fiber and RF cable assemblies.
- Micross - A global provider of mission-critical microelectronic components and services for high-reliability markets, including aerospace and defense.
- The Thermal Group - Designs and manufactures thermal management components critical for defense, aerospace, and industrial applications.
- Tresys Technology - Provides cybersecurity software services and technology solutions for government and critical infrastructure applications.
- Ark Holding Company - Operates post-acute skilled nursing facilities primarily in the Southern U.S.
- Athena Diagnostics - A reference laboratory focused on diagnostic testing for neurological disorders.
- Emmes Corporation - A contract research organization that partners with clients to develop treatments for public health issues.
- Pelican Products - Manufactures protective cases and lighting products for various industries.
- Shur-Co - A manufacturer of cargo covering and control systems for the transportation industry.
- Waterline Renewal Technologies - Provides trenchless rehabilitation of sewer systems and potable water pipelines.
These companies represent a mix of sectors including defense, healthcare, and specialty industrials, showcasing Behrman Capital's investment strategy.
Notable Exits
Behrman Capital has had notable exits including Emmes and Vivid Semiconductor. Emmes is a contract research organization that provides clinical research services for public health and biopharmaceutical innovation. Vivid Semiconductor is a manufacturing company. However, the specific exit methods for these companies were not detailed in the sources reviewed.
Recent Fundraising
$500 million
Management Team
The management team of Behrman Capital includes the following members and their positions:
- Grant Behrman - Managing Partner
- Simon Lonergan - Managing Partner
- Mark Visser - Partner
- Michael Rapport - Partner
- Calvert Thomas - Partner
- Aditya Soni - Principal
- Kyle Grace - Principal
- Kern Vijayvargiya - Vice President
- Matt Hadley - Vice President - Business Development
- Aidan Fox - Senior Associate
- Alex Tumminello - Associate
- Steven Butler - Associate
- Vince Buffa - Operating Partner
- Anthony Christopher - Operating Partner
- Larry Deering - Operating Partner
- Bob Flaherty - Operating Partner
- Sal Guccione - Operating Partner
- Harley Kaplan - Operating Partner
- Dave Williams - Operating Partner
- Gary Dieber - Chief Financial Officer & Chief Compliance Officer
- Tammy Orellana - Manager of Finance & Administration
- Jenny Theroux - Senior Executive Assistant
- Michal Grapel - Executive Assistant & Receptionist
Other Considerations
Recent acquisition of ACT Aerospace by The Thermal Group; Leadership transition plan announced; Micross acquisition of Integra Technologies to create leading OSAT provider
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