Longroad is a special situations private equity firm focused on troubled middle market companies. The firm typically acquires positions in discounted bank debt, fixed income securities and obligations of distressed companies and exerts influence over the final outcome of restructurings. Post restructuring, Longroad takes active oversight and drives shareholder value by providing financial, strategic and operational support to management. The firm’s principals have over 80 years of combined experience dealing with the intricacies of distressed investments and utilize a hands-on approach to adding value throughout the workout process. Longroad affiliates have successfully invested in companies with combined sales in excess of $1.5 billion.

Longroad invests in fundamentally sound businesses facing financial, operational or external stress. The firm seeks control investments across industries in underperforming companies with at least $50 million in revenues and positive EBITDA. Target opportunities include:

• Companies in deep financial distress

• Companies in or near bankruptcy

• Operationally underperforming businesses

• Companies experiencing downturns in business or economic cycles

• Orphan businesses including divestitures, spin-offs or carve-outs

Longroad and its principals have invested in and managed hundreds of troubled loans and securities over the past two decades. We work with and purchase loans from a variety of commercial lending institutions. The benefits to selling institutions include:

• Expediency – gain immediate liquidity from unproductive assets

• Reduction in cost of capital – reduce the increased cost of capital that results from funding troubled credits

• Liquidity – reduce the levels of criticized loans

• Increased efficiency – free up valuable human resources

• Certainty of closing – committed capital with no financing contingency

The firm has the committed capital and human resources to quickly review a lender’s credit and legal files, present an offer and close the transaction. Longroad additionally can work with a bank group by facilitating negotiations and purchasing an institution’s interest that has become an impediment to the bank group and a successful restructuring.

Longroad and its principals are members of the Turnaround Management Association, Association for Corporate Growth, American Bankruptcy Institute and the Association for Insolvency and Restructuring Advisors.