Cardinal Ventures, LLC

Cardinal Ventures, LLC is a private equity firm specializing in acquiring lower and middle market businesses. The firm prefers to invest in management buyouts; recapitalizations; divestitures and spin-offs of divisions, subsidiaries, and product lines; and family legacy situations. It will not consider start-ups or first stage venture investments. The firm seeks to invest in light manufacturing, distribution, and service businesses associated with products or services that are unlikely to be displaced by rapidly changing technology. It does not invest in software, heavy manufacturing, automotive suppliers, bankruptcies, consulting, and companies with a high dependency on international sales. The firm prefers to invest in companies based in the central portion of the United States with a focus on companies located within 250 miles of Indianapolis. It typically invests between $5 million and $30 million in companies with annual sales between $5 million and $50 million and minimum EBITDA margins of 10 percent. The firm seeks to acquire a board seat and controlling stake in its portfolio companies. Cardinal Ventures, LLC was founded in 1993 and is based in Indianapolis, Indiana.