North American Funds

North American Funds is a private equity firm headquartered in Chicago with an additional office in Fort Lauderdale that concentrates on smaller and lower middle‑market companies. It targets retiring entrepreneurs or family businesses, pursuing strategies such as add‑on acquisitions, recapitalizations, small corporate divestitures, private equity portfolio company sales, and manager‑identified acquisitions. It does not invest in startups, early‑stage ventures, or industries characterized by rapid technological change or project‑based opportunities such as real estate development, oil and gas, and motion pictures. Sectors of interest include manufacturing, food and beverage, medical services, consumer products and services, value‑added distribution/logistics, business services, education services or support, and financial services. Typical investments seek revenues of about $5 million to $40 million and EBITDA of roughly $0.5 million to $5 million, with no size constraint for add‑on acquisitions.