Lower middle market private equity firm
Kinzie Capital Partners
- HeadquartersChicago, IL S1
- Founded2017 S6
- Websitekinziecp.com
- Last verifiedNovember 2, 2026
At a glance
| Latest fund | Kinzie Fund II, $150M (May 2023) S5 |
|---|---|
| EBITDA range | $3M to $15M S2 |
| Revenue range | Up to $250M S2 |
| Check size | Up to $50M S2 |
| Deal types | Platform, Add-on S2 |
| Geography | United States S2 |
| Sectors | Industrial & Manufacturing, Distribution, Consumer & Food |
What Kinzie Capital Partners buys
Kinzie Capital Partners is a Chicago private equity firm that Suzanne Yoon launched in 2017. It buys lower middle market US companies in three broad areas: manufactured products, business services and consumer goods. It targets up to $250 million of revenue and $3 million to $15 million of EBITDA, and puts as much as $50 million into one platform. It does majority buyouts, structured equity and corporate carve-outs, often for businesses facing a generational handoff, fast growth or a rough patch.
Kinzie leans on operations and technology. Through an alliance with Clarity Partners, a Chicago consulting firm, it brings its own experts into diligence and the work after closing. Its current companies are Fraser Steel, Arctic Industries, GT Golf and Chelsea Lighting, and its latest announced fund is the $150 million Kinzie Fund II from 2023. A company below its size range is most likely to meet Kinzie as a brand or product line bought by one of those companies, as GT Golf did with Clicgear in 2025.
Recent deals
Announced in the 24 months before November 2, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Jun 2025 | Clicgear brand and intellectual propertyGT Golf bought the global rights to the golf pushcart brand it had distributed in the US and Mexico since 2016 | Add-on | Consumer & Food | Source |
| Feb 2025 | Fraser SteelMinnesota maker of steel tube parts for powersports, furniture, lawn and garden and farm customers, bought from its founder | Platform | Industrial & Manufacturing | Source |
Portfolio by sector
From the firm's portfolio page S3.
Investments
- Fraser Steel
- Arctic Industries
- GT Golf Holdings
- Chelsea Lighting
Past investments: Colony Display
Greymont’s take
How Kinzie Capital Partners fits a seller
Kinzie suits a founder or family selling control of a manufacturer, distributor or consumer products company who expects the buyer to change how the business runs. The firm's pitch is better systems, reporting and technology, and it puts operating partners on its boards. At Fraser Steel, for example, a Kinzie operating partner joined the board and works with the existing management team after the founder sold. That style can help a company that has outgrown its systems, but it also means real change in the first years after closing.
Kinzie does only a few deals, two announced in the last 24 months, and its latest announced fund closed in 2023. An owner should ask how the purchase and any later add-ons would be funded, and which technology projects Kinzie would expect in year one and who pays for them.
Questions owners ask
What size companies does Kinzie Capital Partners buy?
Kinzie looks for lower middle market US companies with up to $250 million of revenue and $3 million to $15 million of EBITDA, and it invests up to $50 million in each platform company.
Does Kinzie make add-on acquisitions?
Yes, through its portfolio companies. In June 2025 GT Golf, a Kinzie company and a large US wholesale distributor of golf accessories, bought the global rights to the Clicgear pushcart brand. GT Golf had bought The ProActive Sports Group before that.
What makes Kinzie different from other buyers?
It works in a standing alliance with Clarity Partners, a Chicago management and technology consulting firm whose co-founder is also a Kinzie co-founder, so technology and operations experts take part in diligence and in the work after closing.
Sources
- S1Kinzie Capital Partners home page Accessed November 2, 2026
- S2Kinzie: Who We Are and Investment Guidelines Accessed November 2, 2026
- S3Kinzie: Investments Accessed November 2, 2026
- S4Kinzie: Realized Investments Accessed November 2, 2026
- S5Kinzie Capital Partners Closes First Institutional Fund at $150M in Commitments (May 30, 2023) Accessed November 2, 2026
- S6Woman-led Private Equity Firm Kinzie Capital Partners Launches in Chicago (June 13, 2017) Accessed November 2, 2026
- S7Kinzie Capital Partners Announces the Acquisition of Fraser Steel, LLC (February 20, 2025) Accessed November 2, 2026
- S8GT Golf Acquires Clicgear Golf Pushcart Brand (June 10, 2025) Accessed November 2, 2026
- S9Kinzie: Team Accessed November 2, 2026
- S10Kinzie: Media and Press Releases Accessed November 2, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Kinzie Capital Partners. Figures are as reported on the dates shown and may have changed. Request a correction