Crutchfield Capital is a closely held private investment firm that invests in lower middle market companies in the United States. We target firms within a range of $1 million to $10 million in EBITDA and have a preference for the Southeastern portion of the United States. We seek to establish partnerships with strong management teams and others interested in building successful companies and rewarding careers for team members.
The Crutchfield Capital team has financial and operating experience in turn-around, mature and high growth situations. We are highly focused, hands-on investors and therefore maintain a relatively small number of investments in which we are active participants. We pride ourselves on an ability to move quickly and address circumstances that are out of the ordinary.
We are interested in partnering with experienced, talented individuals including existing management, new management or other investors. However, we are also willing to buy companies in their entirety and deal with a management transition or other fluid situation. We have management talent inside the organization and identified outside the organization to join a given team as needed.
INVESTMENT CRITERIA AND PREFERENCES
Crutchfield Capital seeks to build successful companies in partnership with motivated, skilled leaders and managers. We seek to invest in businesses with the following characteristics:
$1 million to $10 million in EBITDA
Companies with recurring revenue, high margins, and those that are positioned to capitalize on macro/demographic trends
We will consider investments in challenged or turn-around situations
We prefer a control position in our investments, but will consider non-control investments
We have a strong preference for investments in the Southeastern United States
TRANSACTION TYPES INCLUDE
Value-Added Distribution Businesses
VITA NONWOVENS, LLC
Vita Nonwovens is a manufacturer of technical nonwovens for use in the automotive, bedding, furniture, medical, and filtration markets. The Company engineers innovative materials for acoustical and thermal insulation applications. Leveraging a wide range of unique capabilities, and with a commitment to the highest quality products and services, Vita strives to be a leader in value creation for its partners. Vita is located in High Point, NC and has additional plant locations in Fort Wayne, IN and Schertz, TX.
Insight Imaging (now Videre) is a leading provider of onsite, diagnostic imaging services for physicians’ offices, clinics, hospitals and other healthcare providers. The Company provides a wide range of high quality general, cardiac and vascular ultrasound exams through its unmatched clinical team and leading edge equipment.
At the time of its sale, Aviation Mobility was an industry leader in providing healthcare equipment and service solutions that enable the commercial aviation sector to better serve its special-assistance passengers. The Company’s primary products and services included: (i) system-wide on-board medical oxygen equipment, service and logistics programs and (ii) airport mobility equipment provision and service programs. The company served clients such as: American Airlines, Delta Airlines, United Airlines and Southwest Airlines.
At the time of its sale, AMG Entertainment was a leading provider of products and services specifically designed to assist theme parks, zoos and other entertainment venues in meeting the access and mobility needs of their guests. The Company served clients such as Busch Entertainment Corp., Universal Studios, Walt Disney World Co., Six Flags/Premier Parks, Paramount Parks, and others in venues across the U.S.
At the time if its sale American Exteriors was a manufacturer and marketer of replacement residential windows, siding, gutters and other home improvement products across the western United States.
At the time of its sale, Mobile Highway was a leading provider of internet based mobile workforce solutions that help manage the day-to-day operations of organizations with dispersed labor forces. The Company served a variety of clients including national home builders, cable providers and local governments.
E. ELLIOT CRUTCHFIELD JR.
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Elliott Crutchfield serves as CEO of Crutchfield Capital, focusing his energies on providing guidance and assistance to existing portfolio companies and pursuing new acquisitions and investments.
Mr. Crutchfield has served as CEO of four different operating companies in which he or the firm maintained a controlling interest.
Prior to founding Crutchfield Capital, Mr. Crutchfield held positions with Security Capital Group Inc. (a real estate investment and management firm) and NationsBank Corporation (now Bank
Mr. Crutchfield serves on the Board of Aymira, Inc. and the Advisory Board of CapitalSouth Partners. He serves and has served a variety of civic and charitable organizations including The Fletcher School (Chairman), The United Way of Central Carolinas, The Asheville School and Charlotte Emergency Housing.
He is an active member of Young Presidents Organization (YPO).
He received his M.B.A. from the Wharton School at the University of Pennsylvania, and his B.A. in Economics from Davidson College.
All other members of our team serve in a dedicated management role within one of our operating companies. In several cases, executives have held management positions in a number of different portfolio companies over time.