Draft:Shore Capital Partners: Difference between revisions

Shore Capital Partners in 2009 by [[Justin Ishbia]], Mike Cooper, Ryan Kelley and John Hennegan.{{Cite news| last = Witkowsky| first = Chris| title = Shore Capital maintains size discipline for third flagship, eyes food & beverage fund| work = PE Hub| accessdate = 2022-12-11| date = 2019-04-08| url = https://www.pehub.com/shore-capital-maintains-size-discipline-for-third-flagship-eyes-food-beverage-fund/}}{{Cite web |last=McCann |first=Bailey |date=2014-06-06 |title=Shore Capital Partners closes first fund on $112.5m |url=https://www.privateequityinternational.com/shore-capital-partners-closes-first-fund-on-112-5m/ |access-date=2023-05-23 |website=Private Equity International |language=en-GB}}{{Cite news |last=Cumming |first=Chris |date=2021-07-15 |title=Shore Capital Partners Raises $686 Million for Three New Funds |work=Wall Street Journal |url=https://www.wsj.com/articles/shore-capital-partners-raises-686-million-for-three-new-funds-11626346801 |accessdate=2022-12-07}}

Shore Capital Partners initially focused on investing in small healthcare companies with [[Earnings before interest, taxes, depreciation and amortization|EBITDA]] figures between $1 million and $10 million but later on expanded into investing in small companies from other industries such as food and beverage. In 2021, Shore Capital expanded its investment in business services and real estate.{{Cite news |last=Cooper |first=Laura |date=2019-04-17 |title=Shore Capital Expands Beyond Health-Care Roots With New Food-and-Beverage Fund |work=Wall Street Journal |url=https://www.wsj.com/articles/shore-capital-expands-beyond-health-care-roots-with-new-food-and-beverage-fund-11555493402 |accessdate=2022-11-30 |issn=0099-9660}}

The firm takes a buy-and-build approach to investing where it performs numerous add-on deals to bolster and expand the businesses it buys. This is done by investing in an initial company then acquiring others within the same sector, and combining them.{{Cite news| last = Sattiraju| first = Nikitha| title = Shore Capital Chases Add-Ons for Food Platforms in Latest Fund| work = The Deal| accessdate = 2022-12-07| date = 2022-09-23| url = https://www.thedeal.com/private-equity/shore-chases-add-ons-for-food-platforms-in-latest-fund/}}