Strength Capital

Investment decisions are led by Co-Founders and Managing Partners Mark McCammon (Denver) and Mike Bergeron (Cincinnati). McCammon focuses on sourcing, valuation, structuring, and oversight, while Bergeron concentrates on deal origination, portfolio collaboration, and capital raising. Partner Ian Higgins and Principals John Barrett and Steve Stefanko also drive due diligence and execution, with no external investment committee disclosed.

Strength combines partner-led origination with a dedicated business-development function. Jeff McCammon, Principal of Business Development, runs a proprietary sourcing effort targeting industrial and distribution businesses in the Central U.S. The firm’s three offices in Birmingham, Cincinnati, and Denver create regional coverage, and portfolio company CEOs are directly involved in identifying add-on acquisition targets, as seen in Truesdell’s acquisition of Beck-Reit and Sons.

The firm executes control buyouts, management buyouts, recapitalizations, corporate divestitures, and spin-offs, with a heavy emphasis on platform acquisitions that become vehicles for industrial consolidation. It targets businesses with $4 million to $25 million in EBITDA. Strength also uses continuation vehicles to extend hold periods, demonstrated by its single-asset vehicle for ESP Associates.

Strength invests throughout the United States with a concentration in the Central U.S. Its portfolio spans Michigan, Ohio, Colorado, Arizona, Kansas, Kentucky, North Carolina, and beyond. The firm actively pursues industrial consolidation opportunities where it can grow regional champions by acquiring and integrating smaller competitors in adjacent geographies.

Strength focuses explicitly on manufacturing, distribution, infrastructure, and industrial services. It has not disclosed an investment in software, healthcare, financial services, or consumer internet — sectors common among peers but absent from its 35-deal track record. The portfolio skews toward physical-asset, operations-intensive businesses rather than asset-light or technology-enabled models.

The firm has not publicly marketed a co-investment program for external limited partners. Its model appears to be traditional closed-end fund investing. However, the recent ESP Associates continuation vehicle suggests the firm will collaborate with secondary investors to manage liquidity and duration for selected assets.

Operating Partner Rob McCrae holds simultaneous CEO roles at two portfolio companies — RW America and DTM Distributors — while providing strategic oversight to others. This embedded-operator model ensures direct control over operational execution. The firm also places dedicated M&A professionals like Director of Corporate Development Jordan Geiersbach inside platforms such as ESP Associates to lead add-on acquisition programs.