"The Parallel team has been a steady, supportive, engaged partner for Benetech, allowing us to continue to drive cash flow and enhance the strategic position and value of our business despite a difficult climate in the power utility services industry. As our industry category has rebounded, the improvements we've made in our value proposition and Parallel's support are allowing us to enjoy significant equity value creation."
Ron Pircon
Benetech, Inc.
Firm Overview
Parallel Investment Partners was founded in 1999 to create an industry leading, institutional private equity firm dedicated exclusively to the needs of growing companies in North America's lower middle market. Companies in this market – typically with revenues between $10 and $100 million – comprise over 90% of independent, private U.S. companies and continue to represent enormous potential for equity value creation. Since 1992, the principals of the firm have successfully completed over 25 private equity investments in middle market growth companies. We combine our extensive investment experience in this market with the involvement of seasoned operating partners to provide more than just capital to the companies in which we invest. As one of the first institutional investment firms with this market focus, we have achieved an industry leading position among private equity firms catering to the lower middle market.
Centrally located in Dallas, Texas, with over $400 million of institutional private equity capital commitments, we target equity investments of $5 - $20 million. We sponsor Growth Company Recapitalizations, Buyouts and Growth Capital Investments, typically partnering with companies with historical profitability and at least $3 million in annual cash flow.
Parallel's mission is to generate superior risk-adjusted returns through creating strong partnerships with management and emphasizing value creation through growth, not financial engineering. We seek to partner with company owners and managers who want a financial partner that brings the experience, resources and capital to help them achieve their goals.