Hillcrest Capital Partners LLP

Hillcrest Capital Partners LLP is a private equity firm that invests its own proprietary capital in control buyouts of lower middle-market companies in the Midwestern United States. The firm targets well-managed, high-margin businesses with annual revenues between $6 million and $20 million and EBITDA between $1 million and $3 million, pursuing acquisitions of family-owned businesses and founder-led companies seeking liquidity. Hillcrest maintains a sector-agnostic approach, excluding turnarounds, venture investments, and highly regulated or technology-intensive businesses, with historical investments concentrated in building materials, consumer products, business services, manufacturing, and related industries. The firm prefers to partner with existing management teams, who are encouraged to retain ownership stakes alongside the firm. Transaction types include control buyouts, recapitalizations, and growth equity investments, with a long-term investment horizon that extends beyond the typical private equity hold period. Founded in 2002, the firm is headquartered in Minneapolis, Minnesota, United States.