AFG Ventures forms investor groups in which Allegheny Financial Group principals partner directly with our accredited investor clients to provide buyout and growth capital to small- and medium-sized enterprises that power the United States economy.
Selected Portfolio Companies:
Utility Pipeline (UPL)
was established in Ohio in 1995 to provide natural gas to communities not served by Ohio utility companies. The company enters into strategic relationships with natural gas cooperatives, public utilities and other entities to bring service to rural communities, subdivisions, and others. UPL has since expanded its geographic footprint to Virginia and West Virginia. The company currently provides natural gas service for nearly 50,000 end users.
Prime Hospitality Group
is headquartered in Lawrenceburg, Tennessee. The company manufactures furniture and case goods for the hospitality industry. Prime Hospitality’s customers include a number of major hotel brands.
Prime Hospitality Group has also acquired ownership stakes in two related businesses:
- Mid-South Drapery produces window treatments and custom bedding for hotels and healthcare facilities in the United States, Bahamas, and the Virgin Islands. The company is located in Belmont, Mississippi.
- Silver Threads is a Plain City, Ohio-based provider of custom window treatments. The company has been manufacturing products for the residential, commercial and hospitality markets for over 30 years.
is a Pittsburgh, Pennsylvania-based company spun out of Carnegie Mellon University and the University of Pittsburgh. The company is focused on developing improved devices for cardiothoracic and vascular surgery in collaboration with surgeons from around the world.
is a precision machine shop in Hatfield, Pennsylvania. Its customers operate in various industries, including medical, fluid and gas control, electronics, semiconductors, aerospace, rail transport and water purification.
manufactures high-performance components for RF microwave and frequency control. Its products are used in many industries, including telecom and aerospace. Crystek was founded in 1958 and is headquartered in Fort Myers, Florida.
sells and services AC and DC electric motors, generators and related electrical equipment throughout Maine and the Northeast United States. It was originally founded in 1950 by Charlie Austin and Roland Clark. Today, AC Electric operates facilities in Auburn and Bangor, Maine.
PRN Health Service
care, private care, and transportation services across several Western Pennsylvania counties. PRN’s staff includes in-home nurses, physical therapists, occupational therapists, speech therapists and certified home health aides. The company was founded in 1979 and is based in East Pittsburgh, Pennsylvania.
is a custom manufacturer specializing in injection molding. In addition to its manufacturing capabilities, the company offers decorating, assembly and packaging services to its customers. Lesko was founded in 1976 and is located in Albion, Pennsylvania.
Our Investment Criteria
We are actively seeking equity investments in lower middle-market companies with high-quality management teams. Ideally, our investor group will provide personal liquidity for an owner-operator who wants continued ownership and operating responsibility.
We are generally passive, majority investors, though we will consider minority positions on a case-by-case basis. We are also long-term investors. In the absence of a compelling offer and an owner-operator’s desire to sell, we seek to hold our positions forever.
Other investment criteria:
Industry Focus: We will invest across a wide range of industries. Historically, we have preferred manufacturing and industrial businesses. We do not invest in retail businesses, restaurants, real estate, technology (e.g., software and semiconductors) or cannabis-related business.
Investment Stage: We prefer equity investments in mature businesses with a proven track record of profitability and with revenue growth potential. More recently, we have made a small number of early-stage investments. However, we do not consider ourselves venture capitalists and are extremely discriminating in evaluating startup opportunities.
Financial Criteria: A typical portfolio company will generate EBITDA of $200,000 to $2,000,000. We do not invest in companies with excessive debt, or in highly leveraged turnaround situations.
For business acquisition inquiries, please contact Jim Browne (firstname.lastname@example.org) or Mark Manetti (email@example.com).