Continuim Equity Partners, based in Pittsburgh, announced it had closed the Continuim Equity Partners Fund III, LP with $548 million in total commitments.
Fund III closed after just 32 days in the market, bringing the total assets under management by the firm to over $1 billion. Continuim is a private equity firm focused on acquiring and accelerating the growth of manufacturing and industrial businesses. With the close of Fund III, the firm will seek to continue to execute on its strategy of partnering with differentiated, family- and founder-led manufacturing and industrial businesses across strategic and growing end markets within the North American industrial supply chain.
“Five years ago, we launched Continuim with the vision to serve as the partner of choice to help drive transformative growth for differentiated family- and founder-led manufacturing and industrial businesses,” George Pilafas, Continuim’s Managing Partner, said. “We could not be more excited to continue fulfilling that vision with the close of Fund III. We greatly appreciate the hard work and dedication of our talented team members and management teams, and the support of our advisors. We have been humbled by the reception of Fund III from the institutional investment community, which will allow us to continue capitalizing on the power of our EDGE playbook.”
The firm said it will target critical B2B manufacturing and industrial companies with EBITDA ranging from $5 million to $40 million or more, and will apply its proprietary Efficiency Driven Growth Engine (EDGE) playbook to help management teams unlock transformative growth.
The firm said it received significant support from its existing investor base and welcomed new institutional partners to Fund III – including leading pension funds, consultants, insurance companies, asset managers, foundations, funds of funds, and family offices.