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Cardinal Equity Partners

Cardinal Equity Partners acquires controlling stakes in established, profitable businesses, from Indianapolis, USA.

Disclosed holdings2
Earliest stated investment2003
HeadquartersIndianapolis, USA
Stated cheque size2 to 10 million

Stated investment criteria

What Cardinal Equity Partners says it buys

Read from Cardinal Equity Partners’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Revenue it states$5m to $50m1
EBITDA it states$1m to $10m1
Transaction typesRecapitalisation, Add-on1

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Cardinal Equity Partners states that it takes majority or outright ownership. Nothing here is a commitment by Cardinal Equity Partners to consider any particular business, and nothing on this page is represented as being for sale.

Portfolio

Disclosed holdings

Companies Cardinal Equity Partners lists on its own website. 1 carry a stated investment year.

CompanyInvestedYears heldRecorded transaction
Guardian Pharmacy Services200323
Heartisan Foods

Compiled from Cardinal Equity Partners’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Recorded transactions

Buying and selling

Deals in which Cardinal Equity Partners is named as buyer or seller in the transaction archive. 2 recorded exits, most recently in 2021.

CompanySideCounterpartyYearConsideration
Aqua SystemsSoldFranklin Electric2021$150m
Motion TechSoldCarlisle Companies2020$33m

Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.

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