Keystone Capital

**Company Overview:** Founded in 1994, Keystone Capital is a Chicago-based investment firm focused on acquiring majority positions in high growth-potential companies with EBITDA between $3M and $15M. **Goals and Philosophy:** Keystone Capital aims to identify high-quality businesses with significant growth potential and emphasizes a long-term, partnership-oriented approach with management teams. They value strong leadership, provide patient capital, and support companies through good and challenging times. The firm's strategy is about creating market-leading businesses through collaboration with management. **Investing Thesis:** Keystone invests in niche markets with a commitment to organic growth and strategic acquisitions. Their acquisition criteria include a focus on existing management teams, customer and supplier diversity, and sectors like healthcare, food and beverage, industrial technology, and professional services. They engage in majority control investments and emphasize long-term partnerships with management for value enhancement.