Gridiron Capital, LLC, a New Canaan, Connecticut-based middle market private equity firm, recently closed its second fund, at $425m.
Led by Co-Founders and Managing Partners Thomas A. Burger, Jr, and Eugene Conese, Jr., Gridiron Capital Fund II, LP, raised capital in Europe, North America and Asia.
Limited partners include endowments and foundations, insurance companies, public and private pension funds, fund of funds and high net worth individuals.
GCF II focuses on acquiring controlling interests in middle-market manufacturing, service, and specialty consumer companies in the United States and Canada. The fund has already made three investments:
- Apex Engineering International LLC, which is a fully integrated producer of aircraft parts, assemblies and components specializing in rapid development programs and complex, high value-added tasks;
- H.M. Dunn, which is a leading manufacturer of precision machined structural components and complex assemblies for the military and commercial aerospace industry; and
- Quality Solutions, Inc., a manager of facilities services for multi-site retail and food service operators.
In addition, Gridiron has completed an add-on acquisitions for H.M. Dunn to further strengthen the companies capabilities with key aerospace OEMs and Tier 1 suppliers.