Jeff M. Swain

Torch Lake Capital Management (TLCM) focuses on private equity investments primarily in companies in the business services, manufacturing, consumer products and retail sectors. Within the business services sector, the firm targets companies in the following areas: (1) credit card processing (2) dental practice management (3) expedited trucking services (4) energy and power-related services (5) human resources and professional services (6) industrial services (7) life insurance brokerage services (8) promotional marketing (9) security guard services (10) telecommunications services and (11) transaction processing. TLCM's interests in the manufacturing sector include: (1) aerospace and defense products (2) aluminum foundry products (3) athletic apparel (4) building products (5) buses and coach vehicles (6) contract manufacturing (7) electrical wiring (8) electronics manufacturing services (9) heavy equipment (10) licensed sleepwear (11) lighting products (12) men's tailored apparel (13) packaging and printing (14) paper products (15) personal care products (16) power transmission and energy-related products (17) residential housing (18) silicon chip production (19) specialty chemicals and (20) telecommunications wiring and connectivity. Within the consumer products sectors, they target companies in the following areas: (1) agricultural and farming products (2) beverages and bottling (3) apparel (4) baked goods (5) branded food products (6) canned vegetables (7) home products (8) leisure products (9) mattress and bedding products (10) meat processing (11) natural food products and (12) personal care products. TLCM's interests in the retail sector include: (1) apparel retail and catalogue (2) children's products retail chains (3) deep discount retail chains (4) jewelry retail chains. TLCM seeks to invest in companies with revenues of $40 million to $200 million and a demonstrated ability to generate consistent operating profits. Current profitability is not required. The firm looks for companies with sustainable competitive advantages in stable or growing niche markets. They prefer to invest in platform companies that are headquartered in the US or Canada. Investments typically range from $5 million to $20 million. The firm may arrange larger equity commitments through direct investments by their fund's limited partners or other co-investment partners. TLCP may also make smaller investments to support add-on acquisitions for their existing portfolio companies. The firm prefers to make control investments but they may consider non-control positions an appropriate level of board influence can be obtained and liquidity options protected. TLCM takes a long-term investment approach, with holding periods typically ranging from 3 to 6 years.

Castle Island Partners invests in lower middle-market companies located in the United States with an EBITDA of USD 1 - USD 50 million. The firm targets companies operating in the fields manufacturing, software and service businesses in industrial and consumer sector. It provides financing for recapitalizations and buyouts transactions. It also acquires majority and minority interest.