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 Aug 18, 2026.
Team · 2 people
from the firm's websiteWhat they invest in
from 14 of 40 portfolio companiesAdvanced Manufacturing ×6Consumer ×5EdTech ×3FoodTech ×3Hardware ×2New Materials ×2Robotics ×2Circular Economy ×1
HQs:United States×5Canada×1
Investments · 40 tracked
founders shown can be your intro pathToronto-based specialty bread-maker producing premium artisan breads using traditional recipes and all-natural ingredients.
ACE Bakery is an artisan bakery that produces breads such as baguettes, focaccia, ciabatta, and sourdough, and publishes recipes featuring its products.
ConsumerFoodTech
Historic imaging technology company; Glencoe acquired its Mail and Messaging Technologies business in 2001.
Bell and Howell provides automation and robotics field service across North America, offering mechatronic service engineers, remote diagnostics, and 24/7 technical support via its Integrated 360 technology platform.
Advanced ManufacturingLogistics & Supply ChainRobotics
Brafasco, along with Brock White Canada and NCA, has rebranded under the White Cap name to supply construction materials and related products to customers in the construction industry across Canada.
Construction Tech
Process design, layout, and engineering services firm focused on the design and assembly of premium grinding machines and turnkey manufacturing solutions.
Campbell Grinder Company designs and manufactures customizable vertical, creep feed, and 5-axis grinding machines for OEM and Tier 1 manufacturers, including makers of aerospace engines and land-based military applications.
Advanced ManufacturingDefense TechHardware
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
David Evans(Chairman & CEO)Chris Rackley(President)
Childcare Network operates early childhood education and child care centers offering age-appropriate learning programs, summer camps, and STEM and art activities for young children.
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.
Houston-area producer of high-performance specialty chemicals for coatings, composites, paper, fuel and lubricant additives, and functional fluids.
Dixie Chemical manufactures high performance specialty chemicals, including thermoset composites and coatings materials, fuel and lube additives, and alkaline paper sizing products.
Advanced ManufacturingNew 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.
Producer of flatbread and related products sold to retail groceries, mass market, and club stores under the Flatout brand.
The Marzetti Company produces food products including salad dressings, dips, sauces, breads, pastas, and croutons for both retail consumers and foodservice customers such as restaurants.
ConsumerFoodTech
Michigan-headquartered oil and gas service company specializing in well completions, work-overs, maintenance, and plugging across the Marcellus, Utica, and Bakken shale plays.
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)Brandon Baudry(Senior Vice President of Revenue)Adam Pomichowski(Vice President of Corporate Transformation)Meghan McWilliams(Vice President of Human Resources)
Grand Rapids, Michigan operator of a network of Pre-K through grade 12 schools for children with learning differences using individualized learning.
Fusion Academy provides personalized 1-to-1 private schooling with one student and one teacher per class, offering full-time enrollment or supplemental academic support for middle and high school students.
EdTech
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.
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
Columbus, OH-based developer of productivity solutions for the aluminum die-casting industry, including spraying systems, ladlers, and robotic cells.
Rimrock (Lincoln Electric Automation) supplies industrial automation products including ladles, sprayers, extractors, finishing equipment, and turnkey robotic systems.
Advanced ManufacturingHardwareRobotics
Specialty Foods Group produces premium-branded and private-label processed meat products, including hams, turkey, hot dogs, bacon, and lunch meats.
ConsumerFoodTech
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.
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
- 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.
