Nautic Partners
Nautic Partners is a private equity firm focused on leveraged buyout investments in middle market companies across a range of industries that includes healthcare, industrial products, and outsourced services.
 | |
| Type | Private |
|---|---|
| Industry | Private equity |
| Founded | 1986 |
| Headquarters | Providence, Rhode Island, United States |
| Products | Leveraged buyout |
| Total assets | $2.0 billion |
Number of employees | 20+ |
| Website | www.nauticpartners.com |
The firm has AUM of approximately $9.0 billion.
History
The firm, which is based in Providence, Rhode Island, United States, was founded in 1986 as Fleet Equity Partners, a subsidiary of Fleet Bank.[1] Initially, Fleet Equity Partners invested in private equity exclusively on behalf of the bank. However, beginning in 1993, the team began to accept outside investors. In 2000, Nautic Partners was formed as an independent private equity firm with the majority of its capital for its fifth investment vehicle provided by outside investors. Fleet remained a minority investor.
Among the firm's notable investments are Prince Sports,[2] Fibertech,[3] Big Train Coffee[4] and R2C Group. The firm was also previously the owner of Skyline Chili.[5] Its healthcare investments include All Metro Health Care, Gaymar and Family Physicians Group.[6]
In 2015, the firm acquired Source4Teachers, a New Jersey provider of outsourced substitute teacher services.[7]
On May 17, 2017 – Nautic Partners, LLC announced that it has entered into a definitive agreement to acquire, in partnership with management, Endries International, Inc. and certain Endries-related affiliates from Ferguson Enterprises and its affiliates. The transaction was expected to close within 45 days.
In March 2020, Nautic Partners acquired Harrington Industrial Plastics, in partnership with Harrington management.[8]
References
- Nunes, Philip (11 January 2016). "Nautic Partners, LLC ("Nautic") Has Completed a Successful Fund Raise of $900 million for Its Eighth Fund". businesswire.com. Retrieved 11 March 2016.
- Nautic Partners and management acquires Prince Sports. AltAssets, Aug 13, 2007
- Fibertech Switches Private Equity Owners. New York Times, August 26, 2010
- Nautic Partners acquires Big Train company. AltAssets, May 3, 2006
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- Investment Fund Offers $23 million for Skyline Chili. New York Times, September 27, 1997
- "Companies Archive". Nautic. Retrieved 2019-02-10.
- Noto, Anthony (24 April 2015). "Houghton Mifflin Grows Services With Education Tech Deal". Mergers & Acquisitions. Retrieved 28 April 2015.
- "Nautic Partners Announces Acquisition of Harrington Industrial Plastics in Partnership With Management". Bloomberg.com. 2020-03-03. Retrieved 2020-03-17.
- Down 1 Backer, Nautic Makes Do With Less. Private Equity Insider, April 2, 2008
- Nautic Partners Sells Medegen to CareFusion. New York Times, May 19, 2010
- Nautic Close to Unloading Contec, Report Says. New York Times, June 14, 2006
External links
- Nautic Partners (company website)