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Alternative Assets  + Private Equity  |  July 26, 2023
Eagle Merchant Partners Soars with $265M Debut Fund for Lower Mid-Market Companies
Joe Palmisano
By: Joe Palmisano

Eagle Merchant Partners Soars with $265M Debut Fund for Lower Mid-Market Companies

Eagle Merchant Partners, a private equity firm investing in lower middle-market franchise, consumer and industrial companies, closed its inaugural fund, Eagle Merchant Partners I, L.P., at more than $265 million.

Led by Stockton Croft and Bill Lundstrom, Eagle has invested more than $1 billion of equity in founder-owned businesses in the Southeast with $2 million to $20 million of EBITDA.

“The Eagle team is excited about the six platform investments we have already made in Fund I, all of which are representative of our strategy,” said Lundstrom, Partner and Founder of Eagle. “As we deploy the rest of the fund, we look forward to partnering with additional founders, owners and management teams to help them create value and achieve sustainable growth.”

Aviditi Advisors served as exclusive placement agent for the fund and Kirkland & Ellis LLP provided legal counsel to Eagle.

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Eagle Merchant Partners

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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