Glencoe
Private equityManchester · Growth · 2 people tracked
Investment thesis
Glencoe Capital pursues lead-sponsored acquisitions and growth equity investments in lower-middle market companies across North America. Its core strategy centers on generating what it calls 'Transformational Growth' at portfolio companies by improving business processes and building sustainable earnings growth. The firm relies on one of the private equity industry's earliest operating adviser networks, its Executive Network, to bring operational expertise. It emphasizes relationship building and alignment of interests with management teams. Target companies typically have EBITDA of $3-$15 million, at least three years of financial history, and a minimum capital need of $7 million, with the firm generally seeking majority ownership as a generalist investor.
Source: firm website, verified Sep 1, 2026.
Team · 2 people
from the firm's website
What they invest in
from 14 of 32 portfolio companiesAdvanced Manufacturing ×8Consumer ×5EdTech ×4FoodTech ×3Hardware ×2Logistics & Supply Chain ×2New Materials ×2Robotics ×2
HQs:United States×7Canada×2
Investments · 32 tracked
founders shown can be your intro pathACE Bakery is a Canadian artisan bread producer founded in 1993 that manufactures specialty baked goods including baguettes, loaves, burger buns, and sandwich rolls using traditional fermentation and stone-baking methods.
Advanced ManufacturingConsumerDirect to ConsumerFoodTechToronto, CA
Linda Haynes(Founder)Martin Connell(Founder)
Bell and Howell provides automation services and solutions, including remote diagnostics, field service support, and next-generation equipment across industries including print, retail, pharmaceuticals, packaging, and manufacturing.
Advanced ManufacturingEnterprise SoftwareLogistics & Supply ChainRoboticsSaaSRichmond Hill, US
Campbell Grinder designs and manufactures precision grinding machines, including vertical grinders, creep feed grinders, and cylindrical grinders for aerospace, mining, turbine, and other industrial markets.
Advanced ManufacturingDefense TechHardwareMuskegon, US
Hugh Campbell(Founder)Bruce Hammond(CEO)in
Child Development Schools operates early childhood education and child care centers under three brands (Childcare Network, Sunrise Preschools, and My Small Wonders), serving children aged six weeks to 12 years with full-time, before-school, and after-school programs.
ConsumerEdTechAustin, US
Chris Rackley(President)in
BoardDavid Evans(Chairman & CEO)
Childcare Network operates early childhood education centers that prioritize emotional and physical well-being alongside academic learning, serving families seeking high-quality childcare with a focus on inclusivity and developmentally appropriate practices.
EdTech
Cincinnati-based premium manufacturer of gourmet sauces, preserves, dips, and spreads, encompassing the Clearbrook Farms and Robert Rothschild Farm brands.
Marketing and customer engagement solutions provider covering lead generation, lead nurturing, sales, and customer support.
Dixie Chemical develops and manufactures high-performance specialty chemicals and advanced materials for industries including fuels, lubricants, thermoset applications, and paper manufacturing.
Advanced ManufacturingCleantechNew Materials
Farmington Hills, Michigan provider of rehabilitative therapy services to skilled nursing and assisted living facilities.
Distributor of home video and home entertainment products to North American grocery, drug, and specialty retail channels.
Florida-based insurance company licensed to underwrite homeowners and commercial residential insurance policies.
Southfield, MI liability insurance underwriter (NYSE:FMR) serving security guard, alarm, and fire safety industries through its CoverX managing general agent.
Marzetti produces sauces, dressings, dips, breads, pastas, and croutons for retail consumers and foodservice establishments.
ConsumerFoodTech
Fortis Energy Services provides well services, completions, and production solutions—including workover, completion and production rigs, wireline rigs, and ancillary equipment—for oil and natural gas producers across major U.S. onshore basins such as the Permian, Eagle Ford, and Haynesville.
EnergyPlano, US
Nathan Conway(Chief Executive Officer)inBrandon Baudry(Senior Vice President of Revenue)Adam Pomichowski(Vice President of Corporate Transformation)Meghan McWilliams(Vice President of Human Resources)in
Grand Rapids, Michigan operator of a network of Pre-K through grade 12 schools for children with learning differences using individualized learning.
Fusion Academy is an educational institution that integrates social-emotional learning (SEL) into its holistic learning model through 1-to-1 instruction, mentorship, and campus programs designed to develop students' emotional intelligence, self-awareness, and interpersonal skills.
EdTechMental HealthSocialSolana Beach, US
Michelle Rose Gilmanin
Producer of naphthenic lubricating and process oils, road rejuvenating agents, asphalt, and specialty petroleum-based chemicals.
Connecticut commercial banking entity serving smaller middle-market businesses and individuals with community-based banking services.
Co-investorsW Capital Partners
Playcore develops products, programs, and services for public parks, schools, and recreational facilities to support healthy communities through play and outdoor spaces.
Advanced ManufacturingConsumerEdTechGovTechImpact & Social GoodPropTechSports Tech
Co-investorsAea InvestorsIrving PlaceLeonard Green
Polyair (part of IPG) manufactures protective packaging products, including inflatable bubble-on-demand and air pillow systems, recyclable paper cushioning wraps, and insulated shipping materials for temperature-sensitive perishable and medical deliveries.
Advanced ManufacturingCircular EconomyNew Materials
Rimrock designs and integrates robotic systems for foundry operations, offering solutions for casting removal, material handling, and finishing with decoring products and turnkey systems.
Advanced ManufacturingHardwareRoboticsColumbus, US
Specialty Foods Group produces USDA-inspected smoked and cured meat products, including ham, turkey breast, bacon, hot dogs, lunch meats, and sausage, seasoned with proprietary spice blends.
Advanced ManufacturingConsumerFoodTechOwensboro, US
Full-service provider of food service equipment and supply, offering turnkey design, remodeling, installation, financing, and fabrication.
Chicago-based advisory services firm helping organizations implement technology solutions to manage strategic assets such as 911 centers, airports, and commercial real estate.
Specialty insurance producer and Lloyd's of London coverholder offering commercial general and excess liability solutions for small and middle-market risks in energy, artisan contractor, and security industries.
Exits · 1
IPOs and acquisitions across the tracked portfolioFlatout Breadacq. by T. Marzetti Company (Lancaster Colony)
Fund performance · per public LP disclosures · 3
as of Jun 2020| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Glencoe Capital Inst. Partners IIILPs: The Regents of the University of California | 2004 | — | 8.7% | 1.49x | 1.49x |
| Glencoe Capital Institutional Partners III, L.PLPs: The Regents of the University of California | 2002 | — | 10.1% | 1.53x | 0.80x |
| Glencoe Capital Partners III, L.PLPs: The Regents of the University of California, Michigan Municipal Employees' Retirement System | 2001 | — | 5.7% | 1.29x | 1.29x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Glencoe made?
- Glencoe has 32 tracked investments, 1 of which have exited via acquisition or IPO.
- What stage does Glencoe invest at?
- Glencoe invests at the Growth stage.
- What sectors does Glencoe focus on?
- Glencoe focuses on Sector Agnostic.
- Where is Glencoe located?
- Glencoe is headquartered in Manchester, US.
- Does Glencoe lead rounds?
- Yes, Glencoe leads investment rounds.
- Who does Glencoe co-invest with?
- Glencoe most often shares deals with Aea Investors, Irving Place, Leonard Green, among 4 tracked co-investors.
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