Longroad is focused on investments in distressed and special situations. The firm specializes in the restructuring and management of middle market companies in need of balance sheet realignment, operational improvement, enhanced access to capital and strategic direction.

Target Investment Criteria

• Revenues of $50 Million to $500 Million

• Positive EBITDA

• United States and Canada

• Capital Investment of $5 Million to $40 Million

Longroad invests across industries in a wide range of businesses with hard assets. Target characteristics typically include:

• Fragmented market share

• Barriers to entry

• Diverse customer and vendor base

• Low maintenance capital expenditure

Longroad invests in companies in special situations experiencing deep financial distress, operational challenges or external shocks. Situations include recapitalizations, turnarounds, reorganizations, liquidations and Chapter 11 or out-of-court restructurings. Longroad seeks to invest between $5 and $40 million and has access to additional co-investment capital for larger transactions.

Investment structures include:

• Senior and subordinate bank debt, bonds and trade claim purchases

• 363 sales

• Article 9 foreclosures

• Asset purchases