Patriarch Partners' lofty goal is no less than "rebuilding America, one company at a time, one job at a time." The private equity firm acquires and works to rejuvenate distressed, undervalued, middle-market companies that boast well-established but waning brands and market presence. The firm has investments in about a dozen industries, most prominently manufacturing, consumer goods, business services, media, health care, and textiles. Patriarch Partners, which manages about $8 billion in equity and assets, holds long-term interests in about 75 portfolio companies, more than 50 of them majority-owned. Hardly a patriarchy, the company was founded in 2000 by high-profile, high-style CEO Lynn Tilton.
New York-based Patriarch Partners primarily invests in US companies.
Patriarch Partners, an investment firm and holding company, manages 75 companies that altogether generate more than $8 billion in revenues.
The investment firm's platform consists of a broad range of industrial concerns, such as Dura Automotive and Oasis Water, as well as iconic American brand names the likes of Rand McNally, MD Helicopters (founded by Howard Hughes), Stila Cosmetics, and Spiegel Catalogs. In 2011 Patriarch Partners picked up Pennsylvania-based copper product manufacturer Hussey Copper.
Patriarch's expertise is in formulating strategies to rebuild and rebrand iconic companies that have fallen victim to changing markets. Tilton, a Wall Street veteran and self-made billionaire (depending on who you ask), has said that the only thing that Patriarch Partners' portfolio companies have in common is that no one else wanted them.
▲ Show Less▼ Show Full Description