Strategy
Our Strategy
LBA makes control investments in lower middle-market companies facing transformational moments. We acquire fundamentally sound businesses at disciplined valuations, emphasizing capital preservation through structure and asset value while creating value through hands-on operational execution.
Investment Focus
Where We Invest
Industrials.
Engineered products and industrial technologies serving mission-critical, non-cyclical end markets.
Aerospace & Defense.
Suppliers and service providers supporting long-cycle government and commercial programs, backed by long-standing US Government relationships.
Specialty Manufacturing.
Precision manufacturers with defensible capabilities, real asset bases, and durable customer demand.
Business & Industrial Services.
Essential services businesses with recurring demand and scalable operations.
What We Look For
Investment Criteria
- Control investments in special situations: carve-outs, successions, turnarounds, restructurings, and performance improvement
- Equity investments of $6 to $20 million
- Undervalued businesses with strong underlying fundamentals
- Resilient, non-cyclical sectors with durable long-term demand
- North American headquarters, with an opportunistic view toward Europe
Transaction Types
Value Creation
How We Create Value
Platform Institutionalization.
Professionalized processes, governance, and best practices drawn from commercial, military, and government end markets.
Product Innovation.
Advancing product and operational capabilities from innovation through full-rate production.
M&A Capability.
Disciplined add-on acquisitions that extend capability, geography, and customer reach.
Leadership Enhancement.
Building resilient organizations through C-suite development and collaborative leadership.
Operational Transformation.
Production optimization and advanced technology integration across complex operating environments.
Cost & Execution Discipline.
Rigorous cost management, operational accountability, and supply chain optimization.