Our Strategy
A Simple Formula. Superior Results.
Pilgrim Capital's primary goal for any investment is to grow the underlying company — through disciplined buyouts, aligned incentives, and genuine partnership.
Investment Philosophy
Built to Grow
Pilgrim Capital focuses on Management Buyouts of established companies with proven management teams. The firm provides significant management equity incentives, appropriate equity financing with prudent debt levels, and a collaborative and supportive environment. These simple ingredients have repeatedly generated superior results.
Management Equity Incentives
Significant equity participation for management teams to align incentives and drive performance.
Prudent Capital Structure
Appropriate equity financing with disciplined debt levels — never over-leveraged.
Collaborative Environment
A supportive, hands-on partnership that goes beyond capital to include time, expertise, and acumen.
Growth Pathways
Multiple Paths to Value Creation
Pilgrim Capital will not only invest its capital, but also its time, expertise, and acumen to assure the success of each portfolio company. Growth can be achieved through several proven avenues:
Organic Expansion
Offering the same products or services in a new geography, via a new distribution channel, or to a new customer group.
New Products & Services
Offering new related products or services to existing customers to deepen relationships and increase revenue.
Add-On Acquisitions
Executing strategic acquisitions that complement and accelerate the core business.
Infrastructure Upgrades
Growing companies often require upgrades to infrastructure, systems, and controls — projects that Pilgrim Capital often initiates and helps manage.
Working Relationships
Partnerships, Not Just Investments
Pilgrim Capital characterizes working relationships with its portfolio companies as "Partnerships." The term reflects the active involvement of all major constituents in making major strategic, executive team, and other important business decisions.
Pilgrim Capital remains highly involved in all of its portfolio companies but does not make day-to-day managerial decisions. The firm establishes an active, value-added Board of Directors that assists management teams in setting strategy and implementing key initiatives such as add-on acquisitions and capital financings.
A strong Partnership with a portfolio company's management team is the single most important ingredient to any successful investment. As such, Pilgrim Capital makes these relationships a top priority and insists that key management team members have equity participation to appropriately align incentives.
A Trusted Network
In addition to its management partnerships, Pilgrim Capital's partners are proud of their long-term relationships with equity investors, senior and subordinated lenders, investment intermediaries, attorneys, accountants, and other important investment transaction team members. References are gladly provided.
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