Flexible Growth Capital for the Lower Middle Market

Stonehenge Strategic Capital Fund

About

Stonehenge Strategic Capital Fund, LP (Stonehenge SCF) was formed by Stonehenge Capital Company to continue its practice of providing junior capital to small businesses located in the Northeast, Southeast, and Texas. Stonehenge provides mezzanine debt and growth equity to companies that are often overlooked by middle market investors and are led by experienced management teams who are passionate about building significant businesses. Stonehenge invests across various industries including manufacturing, industrial services, healthcare, business services and technology.

Stonehenge has a deep history of investing in outstanding small businesses through state-focused, economic development funds totaling over $400 million. The Fund’s Principals have managed 10 such funds for Stonehenge Capital and assumed management of the Growth Capital line of business in 2010. Stonehenge Capital, which spun out from Bank One (now JPMorgan Chase) in 1999, is a national specialty finance provider with expertise in private equity, tax credit finance, and community development.

With the Stonehenge Strategic Capital Fund, Stonehenge will continue to combine its unique market focus on small businesses with a rigorous diligence and investment management process, an experienced team, and the ability to execute on both debt and equity opportunities to drive consistently strong returns.

Investment Criteria

DEBT

INVESTMENT TYPES:
  • Unitranche, 1st and 2nd Lien Term Loans, Mezzanine
Financial Characteristics:
  • EBITDA:  $1 - $5 million
  • Stonehenge Investment Size: $2 - $15 million
  • Preferred Industries: Technology, Manufacturing, Distribution, Business Services, Industrial Services, and Healthcare IT
  • Geographic Focus: Northeast, Southeast, and Texas
What we Do Not invest into:
  • Retail businesses, restaurants, pre-revenue startups, financial institutions

Equity

INVESTMENT TYPES:
  • Preferred Equity
Financial Characteristics:
  • EBITDA:  $1 - $5 million
  • Stonehenge Investment Size: $2 - $15 million
  • Preferred Industries: Technology, Manufacturing, Distribution, Business Services, Industrial Services, and Healthcare IT
  • Geographic Focus: Northeast, Southeast, and Texas
What we Do Not invest into:
  • Retail businesses, restaurants, pre-revenue startups, financial institutions

History

Stonehenge was founded in 1999 as a spin out from Bank One (JPMorgan Chase). This 20-year history providing junior capital and institutional legacy yield strong credibility and brand recognition in the market and steady, proprietary deal flow. Stonehenge’s processes and policies that drive its thorough diligence and engaged portfolio management have been cycle-tested and refined since 1999.

Our Team

Growth Capital

Selective Portfolio Companies

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ASI Sign Systems, Inc.

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Founded in 1965 and headquartered in Dallas, ASI is a leading national architectural signage firm. ASI provides consulting, design, manufacturing and installation services for comprehensive wayfinding and identity signage solutions. ASI offers digital, interior and exterior signage products for major healthcare, hospitality, education and corporate clients.

ASI Sign Systems, Inc.

Before

ASI Sign Systems, Inc.

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ASI Sign Systems, Inc.
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Algiere Construction Services

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Founded by Robert Algiere in 1978, Algiere Construction Services, Inc. (formerly Designtex Enterprises) is a full-service provider of design and construction management services in the hospitality industry, with a focus on renovation and refurbishment versus new construction. Algiere offers a unique set of interior design/build services through its experienced employee based professional team of designers, skilled craftsmen, and project management. The Company’s core services include turnkey design/build solutions, interior design, renovation, procurement and installation services.

Algiere Construction Services

Before

Algiere Construction Services

Before

Algiere Construction Services
X

Bulldog Solutions

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Bulldog Solutions, Inc. provides lead generation and online marketing services that change the way B-to-B companies define demand generation strategy, engage prospects and convert leads to customers. Bulldog powers demand generation and demand management programs for many of the best brands in the world.

Traditional lead generation companies provide sales prospects for a per lead fee. These leads often vary widely in quality. Instead, Bulldog focuses on “lead marketing”. Bulldog’s technologies and processes provide more effective lead generation from a company’s digital assets (i.e., white papers) and online marketing activities (i.e., webinars, podcasts). Bulldog recommends the proper media for a campaign, creates the media such as a webinar and gathers critical information from the participant during the event. Bulldog then uses its proprietary workflow automation and lead scoring software to prioritize the leads created, measure sales effectiveness of prospects contacted and recommend the proper leads to contact in the future.

Bulldog Solutions

Before

Bulldog Solutions

Before

Bulldog Solutions
X

Centerplan Construction Company, LLC

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Founded in 2008, Centerplan is a general contractor providing commercial and residential construction related services. Centerplan is leading the redevelopment and construction of all 23 service plazas in the State of Connecticut. Other projects include community health centers, Rite-Aid pharmacy, dialysis center, college and university projects and other commercial projects.

Centerplan Construction Company, LLC

Before

Centerplan Construction Company, LLC

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Centerplan Construction Company, LLC
X

Convexity Scientific, Inc

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,

Founded in 2014, Convexity is a medical device company that designs, markets and sells the first truly portable nebulizer, the recently FDA cleared Flyp. Flyp received FDA clearance on May 2, 2017 via the 510(k) pathway and is a Class II medical device. Located in Westport, CT, Convexity sells their products via urgent care centers and DMEs.

Convexity Scientific, Inc

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Convexity Scientific, Inc

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Convexity Scientific, Inc
X

EKJ Enterprises, LP (Col-Met)

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Col-Met, Inc. is a premium manufacturer of paint finishing equipment for industrial uses. The Company’s paint booth division specializes in paint and powder applications, open ended and close ended enclosures and washers, and its industrial finishing enclosure division which offers several products including batch overs, customized garages and various finished products. The Company’s products are exclusively marketed through one of the industry’s largest networks of qualified distributors. Col-Met serves aerospace and industrial manufacturers, automotive dealers and body shops, energy service companies, and trailer and RV markets.

EKJ Enterprises, LP (Col-Met)

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EKJ Enterprises, LP (Col-Met)

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EKJ Enterprises, LP (Col-Met)
X

FCP GROTON, LLC (FCP EURO)

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Originally established in 1986 as a brick & mortar auto parts store, FCP Groton (dba FCP Euro) is an eCommerce retailer of European aftermarket car parts focused on the Do it Yourself (DIY) demographic. Located in Milford, CT, FCP offers a wide range of genuine, OEM, and OE car parts for various European car brands.

FCP GROTON, LLC (FCP EURO)

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FCP GROTON, LLC (FCP EURO)

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FCP GROTON, LLC (FCP EURO)
X

HHTWO Oxford

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Formed in 2015, HHTWO Oxford operates a boutique hotel named Graduate Oxford, an extended-stay lodging facility strategically located across the street from the newly built replacement facilities for Baptist Memorial Hospital – North. The construction and operation of which represents the single largest economic development event in the history of Oxford and Lafayette County, Mississippi.

HHTWO Oxford

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HHTWO Oxford

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HHTWO Oxford
X

Hospital Media Network, LLC

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Launched in 2007, Health Media Network offers 30 customizable specialty health networks providing educational and engaging content in medical offices and healthcare systems nationwide. Health Media Network’s digital screen network is complemented by the company’s static OOH poster panel network, brochure program and touchscreen tablets also used for messaging and advertising. The Company is the fastest growing digital Point of Care media company in the U.S., reaching more than 60,000 physicians in over 13,000 medical offices and healthcare systems across the country.

Hospital Media Network, LLC

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Hospital Media Network, LLC

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Hospital Media Network, LLC
X

IDevices Inc.

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iDevices aims to seamlessly connect users to their worlds with responsive products that enhance everyday life. Through the unique collaboration of its in-house team, iDevices is able to create products that are intelligent at their core. iDevices is the developer of one of the first app-enabled devices, the iGrill Bluetooth cooking thermometer. The iGrill is a Bluetooth-enabled cooking thermometer that pairs with Apple and Android devices. Using the free iGrill app, users are able to monitor the temperature of cooking from up to 200 feet away. The app sends users an alert when food is at the specified temperature.

IDevices Inc.

Before

IDevices Inc.

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IDevices Inc.
X

LED Funding II, LLC

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,

LED Funding LLC is a specialty finance company that funds 100% of the capital cost of LED lighting, including installation and maintenance, at zero cost to the customer. By retrofitting existing lighting solutions with LED lighting, the company helps clients lock in energy and cost savings of 50% or greater over a period of 10 years.

LED Funding II, LLC

Before

LED Funding II, LLC

Before

LED Funding II, LLC
X

Macton Corporation

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,

Macton Corporation has been engineering, fabricating and installing high quality moving structures for six decades. Macton’s early work included a revolving stage at the Jones Beach Marina and an installation for the 1964 world’s fair, subsequently relocated to Disney World. Macton has since worked on thousands of installations in dozens of countries throughout the world.

Macton Corporation

Before

Macton Corporation

Before

Macton Corporation
X

Millennium Outdoors, LLC

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,

Millennium Outdoors creates and distributes tree stands and other sportsman’s accessories.

Millennium Outdoors, LLC

Before

Millennium Outdoors, LLC

Before

Millennium Outdoors, LLC
X

New Haven Chlor-Alkali (H Krevit & Company)

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Founded in 1919, H. Krevit is a fifth-generation family run manufacturer of industrial bleach (sodium hypochlorite), and a bulk distributor of “caustic” (sodium hydroxide), hydrochloric acid (“HCL”) as well as other chemicals geared towards the water purification industry. The Company is the oldest bleach manufacturer in the country.

New Haven Chlor-Alkali (H Krevit & Company)

Before

New Haven Chlor-Alkali (H Krevit & Company)

Before

New Haven Chlor-Alkali (H Krevit & Company)
X

PCC Technology Group, LLC

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Located in Bloomfield CT, and founded in 1995, PCC Technology Group, LLC, is a designer, developer and implementer of software solutions to automate critical business functions. The Company has developed a core competency in the public and quasi-public sectors where its software design, systems integration and software configuration business focus. PCC serves three vertical sectors – Government, Energy, and Education. PCC’s software allows clients to more efficiently manage functions such as campaign finance reporting, elections management systems, compliance, emergency response networks, unemployment insurance systems as well as judicial case management, among others.

PCC Technology Group, LLC

Before

PCC Technology Group, LLC

Before

PCC Technology Group, LLC
X

PosiGen CT, LLC

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,

Located in Bridgeport, Connecticut, PosiGen is a provider of renewable energy and efficiency solutions for Low-to-Moderate Income (LMI) households. Founded in 2011, PosiGen has established itself as a leading provider of solar photovoltaic (PV) panel systems, exclusively focused on the LMI sector. PosiGen combines energy efficiency measures and solar systems to offer their customers monthly savings of up to 50% of their previous utility bill.

PosiGen CT, LLC

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PosiGen CT, LLC

Before

PosiGen CT, LLC
X

Preston Hollow Capital, LLC

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Preston Hollow Capital is a Dallas-based merchant bank focused on municipal specialty finance, commercial finance and asset management. Preston Hollow Capital was formed in 2014 by a senior team from ORIX USA comprised of executive management, sourcing, credit and business operations professionals.

Preston Hollow Capital, LLC

Before

Preston Hollow Capital, LLC

Before

Preston Hollow Capital, LLC
X

Seitz LLC

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Seitz, LLC, located in Torrington, CT, is engaged in the design, manufacture, sale and distribution of precision engineered products primarily used in the medical, business equipment, electronics, pharmaceutical and food service industries. It designs, produces and assembles proprietary custom thermoplastic devices, components and tools and provides injection molding and contract manufacturing services.

Seitz LLC

Before

Seitz LLC

Before

Seitz LLC
X

SkyHawke Technologies, LLC

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,

SkyHawke Technologies, LLC designs and develops positioning systems and technology products for personal use on golf courses in the Americas, Great Britain, Ireland, New Zealand, Germany, Spain, and Sweden. It offers rangefinders, such as SkyCaddie SGXw with up-to-date and sub-meter precision course maps; accessories, including belt clips, accessory bundles, AC wall chargers, and leather cases; replacement parts, such as double arm sockets, diamond base W/balls, belt clip buttons, belt clip disks, and USB and SGX port covers; and pre-owned and open box products for sale in the United States.

SkyHawke Technologies, LLC

Before

SkyHawke Technologies, LLC

Before

SkyHawke Technologies, LLC
X

SmartPay NewCo, LLC

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SmartPay is a pay-as-you-go software solution designed by a team of experts from the insurance carrier, independent agent, payroll and software industries with specific expertise in workers’ compensation. The company provides industry-leading cloud-based software, professional expertise, access to insurance and financing markets, comprehensive processing capabilities, and full marketing support to its clients.

SmartPay NewCo, LLC

Before

SmartPay NewCo, LLC

Before

SmartPay NewCo, LLC
X

TAS Environmental Services

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,

TAS Environmental Services, founded in 2004, is a full service environmental management company headquartered in Ft Worth, TX. TAS offers 24-hour emergency response for all types of hazardous and non-hazardous spills as well as numerous industrial services, site remediation, pipeline maintenance, transportation and waste management. The company has a longstanding history giving training exercises and actual spill response to all of the major oil companies. TAS has provided personnel, equipment, supplies, and expertise for containment and cleanup for all major oil spills that have occurred within the Gulf Coast region over the last eight years. With over 200 cumulative years of experience gained from responding to over 6,000 emergency responses and oil spills, TAS’s personnel ensure the prevention of conflict and regulatory penalties and control costs by handling each situation in a safe, professional, and conscientious manner.

TAS Environmental Services

Before

TAS Environmental Services

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TAS Environmental Services
X

The Big Willow, Inc.

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The Big Willow is a marketing technology company that provides a business-to-business demand side platform (B2B DSP) leveraging Device ID data from their “Buyer Intent Engine” to allow clients to better identify and target prospective buyers earlier in the sales cycle. Founded in 2012, the Big Willow employs highly developed machine learning to recognize purchasing patterns and indications earlier in the buying journey than their competition allowing their large B2B and enterprise clients to find and engage customers quicker and more efficiently.

The Big Willow, Inc.

Before

The Big Willow, Inc.

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The Big Willow, Inc.
X

Thetis Pharmaceuticals, LLC

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,

Thetis Pharmaceuticals, LLC was founded in 2011 by R&D executives that held leadership positions at Pfizer in discovery, development and licensing, and business executives with extensive healthcare investment experience. Thetis uses their expertise in amino-lipid chemistry to discover and develop innovative drug products for treatment of cardio-metabolic diseases. Each of the novel Thetis candidates is based on an approved drug or previously studied, biologically active agent. They use their proprietary technology, referred to as the HEALER™ Platform, to potentially provide better pharmacokinetic, pharmacodynamic or physico-chemical properties and thereby enhance efficacy, tolerability, and patient convenience, and enable the use of known agents in new indications.

Thetis Pharmaceuticals, LLC

Before

Thetis Pharmaceuticals, LLC

Before

Thetis Pharmaceuticals, LLC
X

Titus Group, Inc

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,

Titus was founded in 2015 by Max Farley to disrupt the current distribution landscape of pipe, valve and fitting (“PVF”) products within the US oil and gas industry. Max, with the help from his partners at Scout Energy Partners, a $1.0bn+ energy private equity firm, spent 1.5 years studying the distribution processes of PVF products in the energy industry and realized that there was plenty of inefficiency and unneeded middle-men.The Company started operations in the middle of 2016 and has been growing and expanding since.

Titus Group, Inc

Before

Titus Group, Inc

Before

Titus Group, Inc
X

Toopher, Inc

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,

Toopher, Inc. provides two-factor authorization software that works with existing smartphones. The Toopher app for Apple’s iOS or Google’s Android operating system provides a second layer of security on top of a traditional password, making it two-factor. The software utilizes the GPS in smartphones to confirm a user’s location. It can be used to secure transactions or data on corporate networks. On the first attempt, the user would receive a message on the app. The user would acknowledge the message once, and be able to complete a transaction or access a network thereafter from that location without even taking the phone out of their pocket. This is possible through the GPS in the smartphone which confirms if the location of the phone is appropriate for access to that network or website. The lack of any action on the part of the user after that first confirmation makes for a seamless, easy-to-use solution for users and corporations, and a differentiated product for Toopher.

Toopher, Inc

Before

Toopher, Inc

Before

Toopher, Inc
X

TouchPay Holdings, LP

,
,

TouchPay Holdings, LP is a Coppell, Texas based company that is a provider of payment systems and kiosk hardware to facilitate fund transfer for deposit, payment and disbursement in government agencies, accounts and correctional facilities. TouchPay provides these services through a proprietary electronic real-time transaction engine and network, customized application interfaces and proprietary kiosk hardware. TouchPay provides the agency or correctional facility the ability to eliminate cash management costs and transaction risk by providing an automatic transaction processing station as well as the ability to increase revenue through the sharing of a transaction fee. The Company’s solution is the first in the industry to provide a turnkey, secure process which removes the agency from the liability of the funds transfer process as well as the first to provide a working kiosk to its customers.

TouchPay Holdings, LP

Before

TouchPay Holdings, LP

Before

TouchPay Holdings, LP
X

Trinity Apparel Group, LLC

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,

Founded in 2002 in Ridgeland, Mississippi, Trinity is an apparel company that manufactures and distributes made-to-measure custom apparel using offshore manufacturing.

Trinity Apparel Group, LLC

Before

Trinity Apparel Group, LLC

Before

Trinity Apparel Group, LLC
X

VCP, LLC (Verogy)

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,

Founded in 2017, VCP is an engineering, procurement, and construction (EPC) firm engaged in the business of designing and installing renewable energy systems and solutions for customers, primarily solar photovoltaic (PV) arrays. The Company is a vertically integrated downstream solar platform providing origination, financing, EPC and full asset management for the life of the systems they install. VCP’s in-house EPC management personnel will manage all aspects of system design, technology selection, installation cost management and subcontractor oversight.

VCP, LLC (Verogy)

Before

VCP, LLC (Verogy)

Before

VCP, LLC (Verogy)
X

ZetrOZ, Inc.

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Located in Trumbull, CT, and founded in 2009, ZetrOZ is a pain management system and treatment company that has developed a small, efficient, low cost ultrasound system primarily for the treatment of arthritis, tendinitis, back pain and other musculoskeletal problems.

ZetrOZ, Inc.

Before

ZetrOZ, Inc.

Before

ZetrOZ, Inc.
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Stonehenge Strategic Capital Fund, LP

Contact Us

Texas Office

5001 Spring Valley Road, Suite 905E,
Dallas, Texas 75244
PHONE: (214) 599-8850

New York Office

152 West 57th Street, 20th Floor,
New York, New York 10019
PHONE: (212) 265-9380

Connecticut Office

Six Landmark Square, 4th Floor
Stamford, Connecticut 06901
PHONE: (203) 359-5718

Investment Opportunities

Stephen Bennett
sabennett@stonehengecapital.com

General Inquires

Charles Haberkorn
cehaberkorn@stonehengecapital.com