Dubin Clark & Company, a Boston, MA-based middle market private equity firm, raised over $100m for its second fund.
Limited partners of DCCP Fund II include endowments, pensions, insurance companies, fund-of-funds, family offices and high-net-worth individuals.
Founded in 1984, Dubin Clark & Company seeks control equity investments in business services, niche manufacturing, and specialty rental businesses with earnings before interest, taxes, depreciation and amortization (EBITDA) of $2m to $10m (smaller for add-on investments).
Led by Managing Partners Tom Caracciolo and Brent Paris, DCCP II has already made four platform investments including:
– BBJ Rentals, Inc., a provider of special event linen rental products and services to weddings, social and corporate events nationwide
– CE Rental, Inc., a full-service special event rental company servicing the Mid-Atlantic region
– Advanced Pavement Group Corp., which specializes in the maintenance and repair of commercial parking lots and related areas for property managers and owners of apartment complexes, strip malls and other commercial and retail establishments
– Daystar Products International, Inc., an automotive performance aftermarket parts manufacturer of lift and leveling kits and component parts for off- and on- road trucks, Jeeps, and multi-purpose vehicles.
The firm has more than $270m under management.