Private | |
Industry | Private equity |
Founded | 1986 |
Headquarters | Providence, Rhode Island, United States |
Products | Leveraged buyout |
Total assets | $3.3 billion |
Number of employees
|
20+ |
Website | www.nauticpartners.com |
Nautic Partners is a private equity firm focused on leveraged buyout investments in middle market companies across a range of industries that includes healthcare, industrial products, and outsourced services.
The firm has managed approximately $3.3 billion in assets. Since 2000, Nautic has raised over $2.3 billion across three funds.
The firm, which is based in Providence, Rhode Island, United States, was founded in 1986 as Fleet Equity Partners, a subsidiary of Fleet Bank. Initially, Fleet Equity Partners invested in private equity exclusively on behalf of the bank. However, beginning in 1993, the team began to accept outside investors. In 2000, Nautic Partners was formed as an independent private equity firm with the majority of its capital for its fifth investment vehicle provided by outside investors. Fleet remained a minority investor.
Among the firm's notable investments are Prince Sports, Fibertech, Big Train Coffee and R2C Group. The firm was also previously the owner of Skyline Chili
In 2015, the firm acquired Source4Teachers, a New Jersey provider of outsourced substitute teacher services.