Partners launch private investment firm
A pair of former co-workers have spun off to create a private investment and management firm.
Michael Brom and Jason Byrd, who worked together at Grand Rapids-based Huizenga Group for seven years, have launched Consensus Capital Holdings in Grand Rapids to cater to lower middle-market companies and provide transitional capital solutions.
The new firm said yesterday it will target companies with sales greater than $5 million, with earnings before interest, tax, depreciation and amortization, or EBITDA, between $1 million and $8 million.
Consensus Capital Holdings will focus on the niche manufacturing, food and beverage, automotive, medical device, value-added distribution and B2B service industries.
The firm will partner with management teams to provide capital and expertise, while working to retain the company’s established culture, rather than using capital to induce ownership transition, management buyouts, growth capital or recapitalizations.
“Jason and I worked together to develop a process that creates value not only for our investors and portfolio companies, but also for the communities in which they reside,” Brom said.
Their shared vision for a private investment firm and previous experience working together brought Consensus Capital Holdings into realization.
“Our experience working together at Huizenga Group was invaluable, in terms of making us better operators and investors,” Byrd said. “We’ve successfully navigated both positive and challenging environments together.”