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.
Patriarch Partners, an investment firm and holding company, manages 75 companies that altogether generate more than $8 billion in revenues.
New York-based Patriarch Partners primarily invests in US companies.
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
, MD Helicopters (founded by Howard Hughes), Stila Cosmetics, and
. 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.