Graham Partners 2024 Year in Review
January 23rd, 2025
2024 was an exciting year at Graham Partners. We deployed more capital than any year prior and closed our largest fund to date—a testament to the trust and confidence of both our longstanding and new investors. None of this would be possible without the dedication of our employees and the teams at our portfolio companies, whose efforts drive our shared success.
We are happy to share some highlights from the past year for your review!
Investment Activity
4 Platforms
Becklar
Headquartered in Ogden, Utah, Becklar specializes in delivering advanced monitoring and emergency response solutions, addressing critical needs such as personal health and safety, fire and burglary protection, remote video monitoring, and workforce safety across diverse industries.
Tulkoff
Headquartered in Baltimore, Maryland, Tulkoff is a formulator and manufacturer of custom sauces, dips, and dressings primarily serving the foodservice and retail channels in North America.
E-Tech
Headquartered in West Chester, Ohio, E Tech is an industrial automation systems integrator that serves varied end markets, including life sciences, data centers, consumer packaged goods / food & beverage, and industrial.
Bite
Headquartered in New York, New York, Bite is a provider of intelligent kiosk solutions for fast casual and quick-service restaurants.
5 Add-on Acquisitions
Awards & Achievements
Top Women Leaders in Growth Investing*
Brittany Martin named to GrowthCap’s 2024 list of Top Women Leaders in Growth Investing.
Graham Partners Named to Inc.’s Founder-Friendly Investors List for Fourth Consecutive Year*
Graham Partners is pleased to announce its inclusion in Inc.’s 2024 list of “Founder-Friendly Investors” for the fourth year in a row.
9th Annual Graham Partners Impact Award Winners
Each year, we solicit nominations from portfolio company leaders for employees who have gone above and beyond to make an impact on their businesses. This year, we received 48 nominations, narrowed down to 17 finalists, and crowned four winners.
Environmental, Social & Governance (ESG)
In 2024 we published our 2023 ESG report, which was a watershed year for our ESG efforts. We built upon our systematic ESG program for our portfolio companies, where we hold controlling stakes, and we implemented a new integrated approach to data collection. To read our 2023 Environmental, Social, and Governance Report, click here:
About Graham Partners
Graham Partners is a private investment firm focused on investing in technology-driven companies that are spurring innovation in advanced manufacturing, resulting in product substitutions, raw materials conversions, and disruptions to traditional end markets. Graham Partners can offer control or minority capital solutions and typically targets companies with EBITDA up to $50 million. Since the firm’s founding in 1988 by Steven Graham, Graham Partners has closed over 150 acquisitions, joint ventures, financings, and divestitures. The committed capital raised since inception through the Graham Partners funds together with Graham-led co investments totals approximately $6.4B non-Reg AUM as of September 30th, 2024, pro forma for subsequent closings, which differs from Graham’s Regulatory Assets Under Management of approximately $4.0B as of September 30th, 2024. Investors include highnet- worth individuals, college and university endowments, foundations, pension plans, insurance companies, funds-of-funds, and other institutional investors. Based in suburban Philadelphia, the firm has access to extensive operating resources and industrial expertise and is a member of The Graham Group, an alliance of independent operating businesses, investment firms and philanthropic entities, which all share in the common legacy of entrepreneur Donald Graham.
Sector Focus
Investment Criteria
Buyout Characteristics
- Control buyouts of advanced manufacturing and related services companies in the middle market and synergistic add-on acquisitions
- $10MM-50MM+ EBITDA (platforms only)
- 10%+ EBITDA margins
- $50MM to $300MM+ investment size (including follow-on capital)
- No minimum investment size for add-ons
- Primarily North America-based
GPG Characteristics
- Primarily minority investments in technology-driven growth stage companies
- $5MM+ revenue
- Strong gross margins
- $5MM to $30MM investment size (including follow-on capital)
- Primarily North America based
Disclosures:
Graham’s year in review press release activity reflects its buyout and growth equity funds, and excludes Graham Capital Investments (GCI), LLC (“GCI”), which is a relying adviser of Graham Partners, Inc. The Assets Under Management of GCI are included in both of Graham’s non-Reg AUM and Regulatory AUM.
1. Certain figures and performance does not account for the effect of proceeds that were paid out and subsequently reinvested, nor Bridge Financing. “Invested Capital” represents amounts invested in portfolio companies, including amounts outstanding on fund-level credit lines but not yet called from investors; “Realized Proceeds” represent those proceeds generated from dispositions of investments and distributions of cash, dividends, taxes, and interest, including cash interest income at the fund-level. Past performance is not a guarantee of future results.
2. The Graham Partners team is comprised of 89 individuals, of which 71 are employed by Graham Partners, Inc., while 18 are employed by GPOC. The Operations Team is comprised of certain GPOC employees and 3rd party contractors, and currently approximates 23 people on a full-time equivalent basis. See Part 2A of Graham Partners, Inc.’s Form ADV, available on the Investment Disclosure Adviser Public Disclosure website for further detail.
Legal Disclosures:
This press release is for informational purposes and is not an offer to sell, or a solicitation of an offer to buy, securities in the United States or elsewhere. Graham Partners is not utilizing this release to provide investment or other advice, and no information disclosed therein is to be relied upon for the purpose of making investment decisions. Past performance does not guarantee future results and any transactions described are included as representative transactions and are not necessarily reflective of overall performance.