Heron Capital

Heron Capital Equity Partners is a private equity firm based in Indianapolis, Indiana, with an additional office in Carmel, Indiana. The firm specializes in buyouts, recapitalizations, and investments in emerging growth and expansion-stage companies, primarily focusing on small to middle market businesses. Heron Capital is largely industry agnostic but places a strong emphasis on precision manufacturing and healthcare-related sectors while avoiding retail investments. The firm concentrates its efforts within the United States and Canada, particularly in the Midwest, and prefers to invest in private companies located within 250 miles of Indianapolis. Heron Capital typically invests between $1 and $10 million in companies with revenues of at least $2 million and earnings between $0.5 million and $4 million, seeking a controlling interest and the potential for a gross margin exceeding 35%. The firm is committed to long-term investments and aims to take board seats in its portfolio companies, leveraging insights from a network of advisors in science, medicine, and business leadership.