Excellere Partners, a Denver-based private equity firm focused on partnering with middle-market entrepreneurs, has launched its $465m second fund.
Backers include the principals of the firm, as well as blue chip institutional investors, including large state and local pension funds, insurance companies and other financial institutions.
Excellere will invest in middle-market companies with revenues ranging from $20-$150m within five targeted industries: healthcare; specialty foods; industrial technology and services; business services; and education and training. It employs a buy-and-build strategy that provides its portfolio companies with capital as well as a proprietary value creation system designed to accelerate growth while strengthening corporate infrastructure.
Managing partners include Rob Martin and Ryan Heckman.
Excellere’s current investments include AlexaCare Health Solutions, ASI Government, Medtech College/Institute, MTS Medication Technologies, Personable Insurance and U.S. Water Services.