Investment Overview

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Investment Criteria

LKCM Headwater Investments generally focuses on investments with the following characteristics:

 

Transaction Type
  • Buyouts and recapitalizations of family-owned companies
  • Growth capital
  • Consolidations & build-ups
  • Corporate carve-outs
  • Capital constrained or distressed opportunities
  • Complex, time-sensitive opportunities
 
Structure
  • Flexible capital partner
  • Generally control investor
  • Will consider minority investments up the capital structure for select opportunities
 
Size
  • Revenue of $50 - $250 million for platform companies, or $3-$50 million for add-on acquisitions
  • $5 - $40 million equity investments for each platform, with ability to opportunistically provide larger investments through existing partner base
 
Core Industries
  • Industrial Distribution & Services
  • Manufacturing
  • Energy
  • Financial Services
  • Healthcare
 
Operating Profile
  • Operating in fragmented, underserved, misunderstood or out-of-favor segments within our core industries
  • Opportunities to enhance value through product extension, market expansion or operational improvements
  • Potential for meaningful scale and/or scope benefits
  • Experienced management teams with successful track records in their specific industries
 

 

If you have an opportunity you would like to discuss with us, please contact us.