Salem Investment Partners
Overview
Salem Investment Partners is an investment firm with over $500 million under management. The firm specializes in debt and equity investments in privately-held, lower middle market businesses. Salem favors companies with recurring revenue business models. Salem is licensed by the U.S. Small Business Administration to participate in its Small Business Investment Company (SBIC) program. The program seeks to increase the flow of capital to emerging and middle-market companies by providing flexible, low-cost funding. The firm is currently investing from Salem Investment Partners III, LP and Salem Investment Partners IV, LP. The firm's typical Investment size ranges from $2 - $10 million per portfolio company. Salem targets companies with minimum revenues of $10 million and minimum EBITDA of $1 million. The firm also targets companies east of the Mississippi. Industry Focus includes: Business services, Light manufacturing, Healthcare services, Consumer products, and Wholesale distribution.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| ProSet Modular | Aug 2024 | Private Equity | Co-investor |
| Salisbury Moore | Jun 2024 | Buyout/LBO | Co-investor |
| Gautier Steel Ltd | Aug 2023 | Private Equity | Co-investor |
| Catalyte | Mar 2016 | VC Round | Lead |
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.