NEW YORK – 2014 – Sand Oak Capital LLC (“Sand Oak”) announced today that it has partnered with Carl Marks & Co. (“Carl Marks”), a New York-based merchant bank, to acquire privately held industrial companies. Sand Oak teams with existing ownership or management by investing $10 million to $50 million of equity and providing strategic and operational support to companies across the United States with a particular focus on the U.S. Rust Belt, the region spanning New York to Wisconsin.
“The U.S. Rust Belt is an extremely attractive area for investment,” said Jeremy Schwimmer, Partner at Sand Oak. “With a rise in families looking to transition business ownership combined with asset-heavy barriers to entry, the region is ideal for private equity investors focused on long-term return on capital.”
“We are excited to welcome Jeremy and Jeff to Carl Marks,” said Mark Claster, President of Carl Marks. “We are confident in their investment abilities and look forward to what we know will be a mutually beneficial relationship.”
Founded in 1925, Carl Marks has a long history of incubating successful principal investment businesses. The relationship with Carl Marks offers Sand Oak access to an established merchant banking platform and broad investment networks.
“Carl Marks’ 90 years of principal investing experience will be invaluable as we evaluate opportunities and execute transactions,” said Jeff Mizrahi, Partner at Sand Oak.
Sand Oak is currently invested in one company and is reviewing investment opportunities as the firm continues to build its investment pipeline.
Sand Oak Capital LLC
Phone: (212) 317-3341
Phone: (212) 317-3342
Carl Marks & Co.
Phone: (212) 909-8400
About Sand Oak: Sand Oak is a private equity firm that acquires closely held businesses with sustainable competitive advantages and untapped growth potential. Sand Oak focuses its investments on industrial and manufacturing companies across the United States with a particular focus on the Rust Belt. Sand Oak’s principals have invested in more than 20 companies, working with company founders, owners and management teams to identify growth opportunities and maximize return on invested capital.
About Carl Marks & Co: Carl Marks is among the country’s leading investment and advisory services firms. The company began as a dealer of foreign securities in 1925 and expanded to include a range of specialized services, including corporate revitalization, investment banking, distressed securities, private equity, real estate and asset management.