Criteria

We focus on industrial and manufacturing businesses with strong fundamentals, consistent profitability, and long-term growth potential.

Business Profile

What We Look For

  • $20M – $100M in Revenue

    We target companies generating between $20 million and $100 million in annual revenue with proven demand for their products or services.

  • $3M – $15M in EBITDA

    Consistent, recurring profitability is the foundation of every investment we make. We look for stable earnings with room for expansion.

  • Continental United States

    Our portfolio companies are headquartered and operate across the continental United States.

  • Consistent Track Record

    Good long-term prospects supported by a proven history of profitability and operational stability.

Molten metal pour at Ashland portfolio company
Industrial operations

“We seek to partner with businesses that have strong cultures, defensible market positions, and leadership teams committed to long-term value creation.”

Jim Lynch

Founder, Ashland Capital Partners

Markets & Industries

We invest in essential, need-to-have sectors.

AFCO Industries warehouse

Core Focus

Manufacturing & Distribution

Companies that produce, assemble, or distribute industrial and commercial products across national markets.

Engineered Components Advanced Manufacturing Distribution
Concrete pour at job site

Core Focus

Industrials & Metals

Industrial products and services businesses, including metals fabrication, concrete, and engineered solutions.

Metals Concrete Fabrication
Powder coating operation

Core Focus

Business Services & Packaging

Niche B2B service providers and packaging companies with resilient business models and recurring revenue characteristics.

B2B Services Packaging Niche Solutions

Let’s Work Together

Explore a confidential partnership with our team.

Tom Fitzgerald

Managing Director

tfitzgerald@ashlandcap.com

James Lynch

Senior Managing Director

jclynch@ashlandcap.com

Cole White

Associate

cwhite@ashlandcap.com