Investing in the South,
lower middle-market focus.

Overview

MSouthCapital provides customized debt and minority equity financing solutions to support management teams pursuing acquisitions, recapitalizations, generational transfers and other corporate initiatives. Based in Atlanta, GA, we invest primarily in the South with a consistent focus on lower middle market companies where the MSouth team has extensive investment, management and transactional experience. A key element of our investment strategy is partnering with proven management teams that have a track record of value creation.

Founded in 2020, MSouth Capital is a prospective portfolio company of MSouth Equity Partners IV, L.P., which is an investment partnership managed by MSouth Equity Partners, LLC. MSouth Equity Partners, LLC., based in Atlanta with an office in Nashville, is a private equity firm that has raised $2.2 billion of capital across four funds.

What We Offer

We take a partnership approach with management to assist in implementing a range of strategic, operation and financial functions to help create value.

Growth
  • Prioritization of strategic objectives
  • Mergers & acquisitions
  • Geographic expansion
  • Customer and partner introductions
  • Sales & markets strategy and execution
  • Product / service strategy and roadmap
Human Capital
  • Organization structure
  • Compensation and incentives
  • Bench strength and talent enhancement
  • Recruiting
Performance Improvement
  • KPI development
  • Enhanced financial reporting
  • Salesforce effectiveness
  • Operational scaling
  • Marketing and channel optimization
  • Procurement and supply chain optimization
  • Pricing strategy
Financial & Capital Markets
  • Optimization of capital structure
  • Capital markets access and strategy
  • Tax structuring

Our Philosophy

Back Proven Management Teams

MSouth Capital seeks to partner with outstanding management teams. We believe that the most critical element in any successful investment is the people. For this reason, we attempt to partner with successful, experienced management teams.

Align Economic Incentives

While most of the capital committed will typically be in the form of a debt instrument, we are also interested in providing equity investments (up to 49% ownership). We believe minority equity ownership strengthens our shared commitment to success and ensures that our interests are aligned with those of our management partners.

Be a Trusted Capital Partner

Generating consistent growth requires collaboration. Our role is to support management teams, and as a portfolio company of an established and successful private equity firm we have the ability to leverage our tools, resources and network to help create value.

At-A-Glance

$3 - $10M
EBITDA
< $30M
Debt Investment
< $10M
Minority Equity

Investment Criteria

We seek to be a trusted capital partner to proven management teams

fit
Strategic Fit
  • Excellent management team
  • Located in the South
  • Strategic use of capital proceeds
focus
Lower Middle Market Focus
  • Target EBITDA size of $3 - $10 million
  • Target investment size up to $30 million
  • Larger investments available through partnerships
  • Flexible and customized structures
financial
Financial
  • Established history of profitability
  • Predictable cash flows
  • Strong free cash flow conversion

Team

Frank Izzo

Frank Izzo

Chief Executive Officer

fizzo@msouthcapital.com
  • Mr. Izzo has a long-tenured career in commercial banking, private debt and private equity.
  • Prior to MSouth Capital, Mr. Izzo served as Managing Director of Fidus since 2018. Prior to joining Fidus, Mr. Izzo was employed by Ares Management as Managing Director and Head of the Washington, D.C. office with coverage of the Mid-Atlantic and Texas territories.
  • Prior to the acquisition by Ares, Mr. Izzo was Managing Director of Allied Capital Corporation leading a team managing a $1 billion credit portfolio. In addition, Mr. Izzo served as Credit Committee Chairman for five Allied Capital Senior Debt CLOs.
  • Mr. Izzo also held senior corporate finance and credit positions at Banc One Capital Markets and NationsBank. Mr. Izzo holds a B.B.A. from the University of Notre Dame and an M.B.A. from the Red McCombs School of Business at the University of Texas at Austin.

Contact

MSouth Capital

About MSouth

We are a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued between $25 and $200 million. Based in Atlanta with an office in Nashville, we invest primarily in the South with a consistent focus on management buyouts of companies in sectors where we have significant investment, management and transactional experience. We invest with the objective of increasing operating cash flow through growth initiatives and active ownership. A key element of our investment strategy is partnering with proven management teams to create value. Founded in 2007, MSouth manages $2.2 billion across four funds. MSouth is the successor to Cravey, Green & Wahlen, which was founded in 1984.

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