North American Funds

North American Funds LLC, established in 1989, is a private equity firm headquartered in Chicago, Illinois, with an additional office in Fort Lauderdale, Florida. The company specializes in investing in smaller and lower middle-market companies, typically with revenues between $5 million and $40 million and EBITDA between $500,000 and $5 million. It focuses on acquiring or making significant investments in companies owned by retiring entrepreneurs or family business owners, and also engages in add-on acquisitions, recapitalizations, small corporate divestitures, and private equity portfolio company sales. North American Funds primarily invests in sectors such as manufacturing, food and beverage, medical services, consumer products or services, value-added distribution/logistics, business services, education services or support, and financial services. It does not invest in start-ups, early stage companies, or industries with rapid technological change and project-based opportunities.

R. David Bergonia

Co-Founder and Managing Partner

Charles L. Palmer

Co-Founder and Managing Partner

1 past transactions

ACR Electronics

Acquisition in 1989
ACR Group Corporation specializes in the development and manufacturing of safety and survival gear tailored for the aviation, marine, military, and commercial markets. The company focuses on creating advanced emergency beacons and survival equipment designed to enhance safety and rescue operations. Its product lineup includes rescue beacons, automatic identification systems, searchlights, emergency locator transmitters, and related accessories. ACR Group serves a diverse range of customers, including boaters, pilots, hunters, hikers, climbers, cyclists, and military personnel, as well as leading boat builders and aircraft manufacturers. By leveraging its technological expertise, ACR Group aims to deliver innovative solutions that prioritize life-saving capabilities in critical situations.
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