North American Funds

North American Funds LLC is a private equity firm established in 1989 and headquartered in Chicago, Illinois, with an additional office in Fort Lauderdale, Florida. The firm focuses on investments in smaller and lower middle-market companies, particularly targeting retiring entrepreneurs and family business owners. Its investment strategy includes add-on acquisitions, recapitalizations, small corporate divestitures, and manager-identified acquisitions. North American Funds does not engage with start-ups or industries characterized by rapid technological change, such as real estate development, oil and gas, and motion pictures. The firm primarily invests in sectors such as manufacturing, food and beverage, medical services, consumer products and services, value-added distribution and logistics, business services, education services, and financial services. It typically looks for companies with revenues ranging from $5 million to $40 million and EBITDA between $500,000 and $5 million, with no size limitations for add-on acquisitions.