Crossplane Capital, a new Dallas-based private equity firm, is to target control investments in niche manufacturing, value-added distribution and industrial business services companies, with up to USD200 million of revenue.
With eight decades of combined experience transforming industrial companies as senior executives, operational improvement consultants, strategy consultants, restructuring advisors and private equity investors, Crossplane’s team brings a sophisticated operating model to family owned companies and companies involved in complex situations.
Founded by partners Brian Hegi and Ben Eakes, and joined by Ingrid West, operating partner, and Mike Sullivan, managing director, Crossplane’s senior leadership team has 32 years of collective experience working together generating transformational outcomes for stakeholders.
“With experience at top private equity and professional services firms, including Prophet Equity, AlixPartners, Bain & Company and Houlihan Lokey, and as executives within leading industrial businesses, including Danaher and Acton Mobile, our well-rounded team brings a proven value creation playbook to family owned businesses and companies involved in complex transactions,” said Ben Eakes. “Hand in hand with management, we will seek to build great businesses through prudent net working capital management, rigorous cost optimisation and thoughtful revenue growth.”
Having been involved in more than 75 transactions, Crossplane’s team excels in complex situations where speed of execution and certainty to close are critical and in situations where family owned businesses are seeking a financial, operational and strategic partner to fuel transformational performance. With a proven process for identifying strategically unique companies and a systematic approach to implementing phased value creation plans, Crossplane is the ideal partner for businesses to drive significant value alongside their management teams.
“We are excited to launch Crossplane with such an experienced, cohesive and complementary team that fosters a collaborative and empowering culture and places investors’ best interests at the forefront of all decisions,” says Brian Hegi. “This is the DNA of Crossplane Capital, and we look forward to collaborating with each of our future portfolio companies to help accelerate cash flow improvement and create lasting competitive advantages.”
