Heron Capital

Heron Capital Equity Partners is a private equity firm based in Indianapolis, Indiana, specializing in investments in small to middle market companies. The firm focuses on buyouts, recapitalizations, and growth-stage companies, primarily within the life sciences, precision manufacturing, and healthcare sectors. Heron Capital seeks to invest in private companies located within 250 miles of Indianapolis, with total revenues of at least $2 million and earnings between $0.5 million and $4 million. The firm typically makes equity investments ranging from $1 million to $10 million and aims to acquire a controlling interest in its portfolio companies, preferring those that can achieve gross margins of over 35%. Heron Capital does not invest in retail and has a long-term investment approach, often taking a board seat in its portfolio companies. The firm operates an additional office in Carmel, Indiana, and leverages a network of scientists, physicians, and industry leaders to identify promising investment opportunities.