# GarMark Partners

GarMark Partners is an Asset Manager based in Stamford, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Stamford, United States
- **Region:** North America
- **Address:** Stamford, CT, United States
- **Founded:** 1997
- **Assets under management:** Undisclosed
- **Website:** www.garmark.com
- **LinkedIn:** https://www.linkedin.com/company/garmark

## Regulatory record

- **Reports private funds:** No

## About

GarMark Partners is a private equity firm based in Stamford, Connecticut. Founded in 1996, the firm has made 76 investments. Their portfolio includes Athena Wellness Brands, acquired in 2011, and Dutchland, exited in 2022.

## Sectors

- Industrial Tech
- Enterprise Software
- Healthcare Services

## People

- Steven C. Pickman — Founder and Managing Partner

## Questions

### Who runs investment decisions at GarMark Partners?

Steven C. Pickman, the firm's founder and managing partner, oversees all investment decisions. Prior to forming GarMark in 1997, Pickman led the middle-market lending division at CIT Group, where he developed the credit-first discipline that defines the firm's underwriting approach. No other investment committee members have been publicly identified.

### How does GarMark Partners source proprietary deal flow?

The firm sources primarily through credit-bank relationships, trade associations, and direct origination within the US lower middle market — rather than through broad auction processes run by investment banks. Pickman's decades-deep network from his CIT Group tenure provides access to situations where sellers value a lender's certainty of close and restructuring capability over the highest nominal bid.

### What size businesses does GarMark Partners target?

The firm targets North American lower-middle-market companies generating between $20 million and $100 million in revenue. This is the segment where credit analysis and asset-coverage ratios are often the decisive underwriting factors — larger than community-bank small business but below the scale where institutional equity sponsors dominate auction processes with leverage-driven bids.

### Which sectors does GarMark Partners focus on?

GarMark pursues niche industrial manufacturing, enterprise software, and healthcare services. The firm does not concentrate on consumer brands, biotechnology, or real estate. Its industrial focus reflects Pickman's CIT lending experience, where asset-heavy businesses with tangible collateral formed the core of middle-market credit portfolios.

## Related profiles

- [Garland Capital Group](https://altss.com/profile/garland-capital-group)
- [Garnett](https://altss.com/profile/garnett)

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Last updated: 2026-06-03T20:00:00.000Z

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