Sand Oak Capital has partnered with Carl Marks & Co, a New York-based merchant bank, to acquire privately held industrial companies.
Sand Oak teams with existing ownership or management by investing USD10 million to USD50 million of equity and providing strategic and operational support to companies across the US with a particular focus on the US Rust Belt, the region spanning New York to Wisconsin.
“The US Rust Belt is an extremely attractive area for investment,” says Jeremy Schwimmer, partner at Sand Oak. “With a rise in families looking to transition business ownership combined with asset-heavy barriers to entry, the region is ideal for private equity investors focused on long-term return on capital.”
“We are excited to welcome Jeremy and Jeff to Carl Marks,” says Mark Claster, president of Carl Marks. “We are confident in their investment abilities and look forward to what we know will be a mutually beneficial relationship.”
The relationship with Carl Marks offers Sand Oak access to an established merchant banking platform and broad investment networks.
Sand Oak is currently invested in one company and is reviewing investment opportunities as the firm continues to build its investment pipeline.