Investing for the Long Term

About

  • Enduring Capital is a value-oriented private equity firm making control investments in lower middle market companies across the United States

  • We are building a portfolio of high quality, industrial enterprises with differentiated offerings and sustainable competitive advantages

  • We partner with and support operators and management teams seeking to create long term value for investors, employees and local communities

  • Enduring Capital was founded by investment professionals and strategic advisors with deep experience in industrial and infrastructure sectors. We bring an operator mentality to our partnerships

  • We prioritize trust, integrity and relationships with strong conviction that transparency and fair dealing maximizes stakeholder value

Investment Criteria

Financial

  • EBITDA of $2m - $10m

  • EBITDA margin >20%

  • Contribution margin >30%

  • Unit economics >20%

Sector

  • Industrial

  • Infrastructure Services

  • Specialty Manufacturing

  • Distribution, Logistics

Operations

  • Highly recurring or contracted demand

  • Competitive advantages with durable moat

  • Actionable, measurable value creation plan

Other

  • Acquiring from owner-operator

  • Ownership rollover or management co-invest

  • Geography: US South or Midwest

Core Principles

Opportunity exists where others aren’t looking

Aligning incentives produces better outcomes

Risk is the likelihood that outside factors force a bad decision

Financial engineering is not value creation

Integrity determines long term upside

Who we are…

Travis Chulick

  • Prior Experience: Brookfield Asset Management,
    Partners Group, Moelis & Co., Cooke & Bieler

  • Board Experience: Superior Pipeline Co., Milestone Corp., Stewart-Amos Equipment Co.

  • Education: Yale University, Columbia Business School

Principal

Contact

You can reach us directly at

travis@enduringcapital.net