flexible and patient capital

Adding Value Through Partnership

THOUGHTFUL LONG-TERM INVESTING THROUGH PERMANENT CAPITAL SOURCES

About Us

Based in West Palm Beach, Florida, Tidewater Capital Group ("Tidewater") is a private direct investment firm focused on generating long-term value through various strategies including private equity and other opportunistic investments. Our capital comes exclusively from a handful of families, providing Tidewater with significant flexibility relative to traditional private equity or other institutional capital sources.

Tidewater frequently partners with entrepreneurs and family-owned businesses as their first "institutional" capital partner, allowing them to de-risk while also gaining a disciplined and focused partner to assist in the execution of a larger growth and value creation plan.

Investment Criteria

Tidewater has complete flexibility with respect to its investment criteria allowing us to consider almost any opportunity for investment. However, we typically execute on private equity investments with the following criteria:

Investment Type: minority or majority equity investments
EBITDA: $5 million or less
Investment Size: up to $25 million, with an ability to invest additional equity via co-investment from select strategic family office relationships
Industry: stable industries with fragmentation and an ability to execute a sensible roll-up strategy
Location: headquartered in the United States
Desired Attributes: strong management teams, differentiated and/or niche products and/or services, high free cash flow, diverse revenue, growth capabilities with or without further capital investment, and opportunities to expand business rapidly through multiple angles

Partnership Approach

Private Equity

Tidewater invests in companies that are closely held where owners and/or management teams want to maintain some level of ownership going forward and also gain an investment partner who offers complementary strategic, operating, and financial skills. We work with our partners side-by-side to execute on a transaction in a timely manner and establish a long-term value creation strategy which is executed post-transaction. Given our flexible, patient, and permanent capital source, we have the ability to support acquisition strategies that require further equity investment and extend our hold periods to fit the desires of our partners on a case-by-case basis. Our primary goal is to create long-term value for all stakeholders through a methodical and repeatable process.

Opportunistic Investing

In addition to our private equity investments, Tidewater will opportunistically invest in opportunities that prove to have outsized risk-return attributes. These opportunities include co-investing in other private equity transactions not led by Tidewater, preferred equity securities, real estate, high-yield credit, and other unique situations.

SELECT ACTIVE INVESTMENTS

ClubWorks

Coastline Imaging

ClubWorks is a professional services platform dedicated to the private club and high-end hospitality industry.

(Florida)

Website

Coastline Imaging

Coastline Imaging is a provider of diagnostic imaging services.

(Florida)

Website

GMSTEK / X1 FBO

Coastline Imaging

Gryphon Strategies

GMSTEK (aka X1 FBO) is a revolutionary software and payment processing business dedicated to the aviation industry.

(Florida)

Website

Gryphon Strategies

Inheritance Advanced

Gryphon Strategies

Gryphon is a provider of investigative and business intelligence services, partnering with clients across the globe to assess opportunities and tackle complex issues.

(New York)

Website

HealthTek Holdings

Inheritance Advanced

HealthTek Holdings is a platform of health and wellness brands and companies that sell a variety of products on a business-to-business basis globally.

(Pennsylvania)

Inheritance Advanced

Inheritance Advanced is a leading provider of advances to heirs, executors, or other interested parties in estates that are going through the probate process.

(Florida)

Website

Medical Funding

University Orthopedic Care

Peterson Manufacturing

Through a variety of investment entities, Tidewater factors medical receivables held by physician groups and third-party ambulatory surgical centers throughout Florida, Georgia, and Texas.

(Florida)

Peterson Manufacturing

University Orthopedic Care

Peterson Manufacturing

Peterson Manufacturing is a manufacturer of precision, deep drawn, metal parts serving the automotive, appliances, medical, refrigeration, and other general industrial end markets.

(Florida)

Website

University Orthopedic Care

University Orthopedic Care is a provider of orthopedic, pain management, and neurosurgical services to patients who have been injured in an automobile or other work-related accident.

(Florida)

Website

Our Team

Overview

Tidewater's team has significant experience across a variety of areas including private equity, private credit, accounting, capital markets, real estate, restructuring, and more. The team at Tidewater has been involved in a diverse range of transactions across many industries and brings a well-rounded mindset to its investment process and portfolio companies. In addition, Tidewater surrounds itself with long tenured advisors and operating partners to ensure each investment is supported by the correct set of minds.

Dale Hersey, CFA | Managing Partner

Mr. Hersey is responsible for overseeing all aspects of its operations including sourcing and executing new transactions as well as the management and value creation efforts within Tidewater's investments. Prior to Tidewater, Mr. Hersey served in various operating partner roles for Palm Beach Capital after relocating to Florida from New York where he was a Vice President at Medley Capital. Mr. Hersey graduated from George Mason University in 2011 with a B.S. in Finance and is a CFA charterholder.

dhersey@tidewatercapgroup.com

Phillip Ray, CPA | Vice President

In his role at Tidewater, Mr. Ray is responsible for managing select portfolio companies and working closely with the executives of Tidewater's portfolio companies to drive strategic growth and implement best operational practices. Prior to joining Tidewater, Mr. Ray was a Vice President at Sun Capital Partners. Mr. Ray graduated from the University of Georgia in 2005 with a B.S. in Consumer Economics and from the University of North Carolina at Charlotte in 2006 with a B.S. in Accounting. Mr. Ray is a Certified Public Accountant.

pray@tidewatercapgroup.com

Adam Lavergne, CPA | Vice President

In his role at Tidewater, Mr. Lavergne is responsible for managing select portfolio companies and all aspects of the deal process for new investments. Prior to joining Tidewater, Mr. Lavergne was a Manager at Kaufman Rossin. Mr. Lavergne graduated from Florida State University in 2009 with a B.S. in Accounting and is a Certified Public Accountant.

alavergne@tidewatercapgroup.com

Anthony Conley | Associate

Mr. Conley began his career in July 2022 at Tidewater. In his role at Tidewater, Mr. Conley is responsible for managing select portfolio companies and executing new investments. Prior to joining the team full-time, Mr. Conley was a Summer Analyst at Tidewater in 2021 and a Winter Analyst in 2020. Mr. Conley graduated from Florida State University in 2022 with a B.S. in Accounting and B.S. in Finance.

aconley@tidewatercapgroup.com

flexible and patient capital

Adding Value Through Partnership

About Us

Investment Criteria

Partnership Approach

Know what you own, and know why you own it.

SELECT ACTIVE INVESTMENTS

ClubWorks

Coastline Imaging

Coastline Imaging

Coastline Imaging

Coastline Imaging

Coastline Imaging

GMSTEK / X1 FBO

Coastline Imaging

Gryphon Strategies

Gryphon Strategies

Inheritance Advanced

Gryphon Strategies

HealthTek Holdings

Inheritance Advanced

Inheritance Advanced

Inheritance Advanced

Inheritance Advanced

Inheritance Advanced

Medical Funding

University Orthopedic Care

Peterson Manufacturing

Peterson Manufacturing

University Orthopedic Care

Peterson Manufacturing

University Orthopedic Care

University Orthopedic Care

University Orthopedic Care

Our Team

Overview

Dale Hersey, CFA | Managing Partner

Phillip Ray, CPA | Vice President

Adam Lavergne, CPA | Vice President

Anthony Conley | Associate

Contact Us

Tidewater Capital Group

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