About

Building Strong Partnerships

We founded New State Capital to be more nimble, more decisive and more cooperative than bigger, institutional private investment firms. In short, we aim to be good partners.

We also think of ourselves as entrepreneurs, not just asset managers. In this context, we pride ourselves on our long-term outlook. We approach each potential investment as an opportunity to create a long lasting and valuable relationship. This is why our prior counterparties serve as our strongest advocates.

Our success will be directly linked to the success of our portfolio companies individually. By contrast with other firms who have large, diverse portfolios, and who de-emphasize the importance of any given investment, our entrepreneurial approach maximizes the chances for shared success. This must-succeed attitude creates an alignment of interests with our management partners.

As a new firm we have made a deliberate choice to employ an experienced team. Because our senior partners execute our investments, we must be highly selective. However, this also allows us to be unusually decisive and flexible. We evaluate each company’s business and financial needs and create the structure that best fits the situation.

Finally, we are focused on growth. For example, at Gautier, we have built a $20 million capital expansion project. We have executed six add-on acquisitions between UMS and NWN. We also try to balance our focus on growth with the realistic expectations of inevitable challenges 1.

Industries

  • Healthcare
  • Business Services
  • Industrials

Investment Size

  • Middle-market companies
  • $8-25mm of EBITDA
  • $10-45mm of equity

Assets Under Management

  • $500mm+

Focus on Growth

  • Add-on investment opportunities
  • Long-term perspective

Entrepreneurial Mindset

  • Nimble, creative and decisive
  • Passionate about what we do
  • Committed to success

Highly Experienced Team

  • Senior Partners manage all investment opportunities
  • Operating team made up of industry experts

What Our Partners Have to Say

"We have an excellent relationship with New State Capital Partners. Since we partnered in December 2014, our company has completed 5 add-on acquisitions, grown our footprint substantially, broadened the product offering, and established the company as the undisputed leader in the US market. We have expanded the bench of senior leadership, and set the company up for long term success. NSCP has worked with us collaboratively to plan and successfully execute our strategy."

Jorgen Madsen

CEO and Chairman, United Medical Systems
Seller representative and rollover investment partner

"New State Capital Partners has been honest and transparent since the beginning; we have worked together with them to achieve our goals. They established a collaborative decision making process which allows us to run the company seamlessly, with no disruptions, helping us grow our company from 45 to 145 employees."

 

Larry Estes

Founder, Central Conveyor

Seller and rollover investment partner

"Business is a team sport. At NWN we recognize the importance of having the best team members and the best team dynamics in order to win in the market. New State brings critical talent and works hard to be both a part of the team and a great partner."

 

Mont Phelps

Founder, NWN
Seller and rollover investment partner

 

"New State has been an excellent partner. Through the acquisition, they were careful to keep us informed and to negotiate with care and respect. NSCP is the only private equity firm we have encountered that actually demonstrates mindfulness in all areas of the acquisition experience. They are evolving private equity in all the right ways."

Stephen Odom

CEO, New Vista Behavioral Health
CEO, Simple Recovery
Seller and rollover investment partner

 

"At Gautier, New State established an active board, whose directors include experienced industry veterans who interact directly with Management as advisors and counselors. They have maintained a commitment to growth by fostering continued investments in new equipment and technologies and by encouraging market expansion into new alloys and product forms"

 

Charles Entrekin

Director, Gautier

One-page Summary of the Firm

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Disclaimer

This material is provided for informational purposes only, and should not be construed as investment advice or an offer or solicitation to buy or sell securities. Any such offer may only be made pursuant to a fund’s private placement memorandum (PPM) and any related supplements, subscription documents and constituent documents in their final form. The views and opinions expressed on this website are for informational purposes only, and may be subject to change. All opinions and estimates, including any market forecasts or projections, involve a number of assumptions that may not prove to be valid. Past performance does not guarantee future results, which may vary. The value of investments will fluctuate, and loss of principal may occur. Any mention of an investment decision is intended only to illustrate our investment approach or strategy, and is not indicative of the performance of our strategy as a whole. Any such illustration is not necessarily representative of other investment decisions.