Cherington Capital is a generalist private equity investment firm focused on recapitalizations and leveraged buyouts of lower middle-market companies. Cherington prefers to partner with management when making investments. The Firm generally looks for businesses valued from $10 to $70 million with trailing EBIT of $2.5 to $15 million. Cherington Capital is based in Cambridge, Massachusetts.
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Cherington Capital’s most common sectors for investment are business services (34%) and defense (34%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (100%). In total, Cherington Capital has invested in 2 US states.
The Firm’s most common exit type is trade sale (100%). Cherington Capital’s largest (disclosed) exit occurred in 2012 when it sold Ulterra Drilling Technologies for $325M.
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