Press Releases



Detroit, MI, January 29, 2007 — Superior Capital Partners LLC is pleased to announce the formation of The Superior Fund Limited Partnership and the appointment of Mark Carroll as its Managing Partner. This Detroit-based private equity investment fund is dedicated to the acquisition of companies in need of capital and operational improvement. The Superior Fund has approximately $50 million of committed capital and is targeting $75 million of capital by later this year.

William Campbell, Chairman, commenting on the establishment of the fund, said, “We are delighted to add The Superior Fund as the seventh fund in our extended family of lower middle market private capital funds which collectively manage well in excess of $1 billion. We believe that companies are currently carrying too much debt and as the economy inevitably slows, there will be opportunities to invest in them at attractive valuations. We welcome Mark Carroll as our Managing Partner with the day-to-day responsibility of leading The Superior Fund’s investment activities. Mark is uniquely qualified for this role with a broad business background which includes hands-on operational experience in the lower middle-market as well as positions with prestigious companies in the fields of investment banking and private equity investing.”

“I’m very excited about the opportunity to lead Superior,” Mr. Carroll commented. “I’m confident that there will be ample opportunities to acquire companies whose performance can be greatly improved through the combination of a necessary capital infusion and an increased focus on operational performance.”

The strategy of Superior Capital Partners is to combine our capital, transaction experience and turnaround expertise with proven management teams who have the vision, capability and commitment to successfully improve and grow their businesses. Together, we seek to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. Generally, these companies will have annual revenues of up to $200 million, hold strong market positions and have identifiable growth opportunities. The businesses in which we invest will generally be in transition, experiencing performance challenges or will be in need of balance sheet restructuring. We will invest up to $20 million of equity per transaction to facilitate management buyouts, corporate spin-offs, recapitalizations, family successions, acquisitions out of bankruptcy and debt purchases. Transactions will be customized to meet each company’s liquidity, diversification and tax objectives. We work quickly and confidentially to avoid disruption to the business.

The fund is managed by Superior Capital Partners LLC, an investment management company located in Detroit’s Guardian Building comprised of seasoned investment professionals. Members of the firm include William Campbell, William McKinley, Scott Reilly, Brian Demkowicz and Mark Carroll.

Contact: Mark Carroll | Superior Capital Partners LLC | (313) 596-9601 | email