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Stages:

• Middle Market

 

Industries:

Business Services

Manufacturing & Industrial

 

Description:

Convergent Capital is an investment company focused on providing growth and acquisition capital for businesses committed to long-term, sustainable growth in a broad range of industries. The firm's investment fund, Convergent Capital Partners I, is a Small Business Investment Company (SBIC). In operation since 1998, Convergent has over $225 million in capital under management. Convergent provides growth and acquisition financing to businesses committed to long-term, sustainable growth. The firm also structures investments around recapitalizations, management buy-outs, consolidations and add-on financings to its existing portfolio companies for acquisitions or other special situations. Convergent targets firms with annual revenues in excess of $10 million and positive cash flow from operations. Convergent prefers deals of $3 million to $12 million with the ability to co-invest in larger financings. As a licensed SBIC, Convergent invests in companies that meet the U.S. Small Business Administration's definition of a small business: Net worth of $18 million or less, and an average net income of $6 million or less over the past two years. The firm will consider investments in a broad range of industries across the United States. The team has invested over $400 million, helping over 90 US-based small companies.