UNION PARK ANNOUNCES FINAL CLOSE OF FUND III
Boston, MA – March 19, 2021. Union Park Capital, a Boston-based private equity firm focused exclusively on lower middle-market Industrial Technology investments, today announced the first, and final close of its third fund, Union Park Capital III, with $250M of committed capital.
Union Park Capital III will pursue the same investment strategy it has employed since inception, acquiring industrial technology businesses that are leaders in their niche markets, and focusing on long-term growth though organic initiatives and further acquisition. Union Park seeks to invest the new fund in a limited number of themes, and concentrate its investment in its best ideas, where it can also concentrate its time and resources.
The philosophy of Fund III will remain unchanged from what worked well in in the first two funds, namely: niche market leaders in industrial technology are defined by their people and brand as much as they are by their technology. “We really enjoy working with the entrepreneurial owners and teams we encounter in industrial technology,” says Peter McGuire, Partner and Co-Founder of Union Park. “Our simple goal always resonates with them – don’t deconstruct what has taken decades to build in order to extract the maximum short-term profit, but instead grow from the strong foundation they have built. By partnering with Union Park, owners gain access to resources and decades of experience to accelerate growth. In fact, these owners often retain a meaningful stake in their business, sharing our vision to bring their company to the next level.”
Fund III investors are predominantly university endowments, foundations and hospitals. “We are proud of the fact that 100% of our Fund II investors requested investment allocation in the new fund and that 99% of the capital committed to Fund III comes from our existing investor base. We have a great set of investors who are true partners in our endeavors,” says Morgan Jones, Managing Partner of Union Park. “We work hard every day to connect with business owners of great, niche, industrial technology companies. As we convince them that we will own their businesses as good shepherds, it is invaluable to have an investor base that serves great causes and shares our long-term vision for building businesses the right way – long lasting growth and improvement, not financial engineering.”
About Union Park Capital
Union Park Capital is a private equity firm solely focused on lower middle-market Industrial Technology companies. Union Park takes a long-term perspective to help stakeholders build value over time, and drives value creation through profitably growing a business, not financial engineering. Its flexible partnership approach can provide investment for any combination of ownership liquidity, internal growth initiatives, or acquisitions. For more information, visit www.union-park.com.
Union Park Capital III will pursue the same investment strategy it has employed since inception, acquiring industrial technology businesses that are leaders in their niche markets, and focusing on long-term growth though organic initiatives and further acquisition. Union Park seeks to invest the new fund in a limited number of themes, and concentrate its investment in its best ideas, where it can also concentrate its time and resources.
The philosophy of Fund III will remain unchanged from what worked well in in the first two funds, namely: niche market leaders in industrial technology are defined by their people and brand as much as they are by their technology. “We really enjoy working with the entrepreneurial owners and teams we encounter in industrial technology,” says Peter McGuire, Partner and Co-Founder of Union Park. “Our simple goal always resonates with them – don’t deconstruct what has taken decades to build in order to extract the maximum short-term profit, but instead grow from the strong foundation they have built. By partnering with Union Park, owners gain access to resources and decades of experience to accelerate growth. In fact, these owners often retain a meaningful stake in their business, sharing our vision to bring their company to the next level.”
Fund III investors are predominantly university endowments, foundations and hospitals. “We are proud of the fact that 100% of our Fund II investors requested investment allocation in the new fund and that 99% of the capital committed to Fund III comes from our existing investor base. We have a great set of investors who are true partners in our endeavors,” says Morgan Jones, Managing Partner of Union Park. “We work hard every day to connect with business owners of great, niche, industrial technology companies. As we convince them that we will own their businesses as good shepherds, it is invaluable to have an investor base that serves great causes and shares our long-term vision for building businesses the right way – long lasting growth and improvement, not financial engineering.”
About Union Park Capital
Union Park Capital is a private equity firm solely focused on lower middle-market Industrial Technology companies. Union Park takes a long-term perspective to help stakeholders build value over time, and drives value creation through profitably growing a business, not financial engineering. Its flexible partnership approach can provide investment for any combination of ownership liquidity, internal growth initiatives, or acquisitions. For more information, visit www.union-park.com.