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Strategy

Distinctive, established strategy to capture value in the middle market

Investment Criteria

Scalable middle-market businesses providing essential products and solutions

Industry leaders in a niche sector with sustainable competitive advantage
*No minimum for add-on transactions.

North America

GEOGRAPHY
Significant barriers to entry with defensible downside protection and pricing power throughout the economic cycle

$100M to $500M

ENTERPRISE VALUE*
Operating businesses or late-stage development projects

$50M to $250M

EQUITY INVESTMENT*
Businesses providing essential products and solutions that leverage macro trends driving demand and growth
*No minimum for add-on transactions.

Example Industries

airport

Transportation & Logistics

  • Aviation
  • Rail and Rail Services
  • Specialty Ports/Maritime
  • Freight and Logistics
energy

Energy Transition

  • Transition Fuels
  • Waste-to-Value
  • District Energy/Microgrids
  • Smart Meters
  • Niche Utility Services
greenhouse worker

Environmental

  • Natural Capital
  • Circular Economy
  • Waste Infrastructure
  • Water and Wastewater
buildings

Social

  • Healthcare Infrastructure
  • Land and Health Registries
  • Systems and structures that support essential community services 

Value Creation

Guided by a defined playbook, Instar takes an active management approach to value creation, working alongside management teams to implement tailored growth, enhancement and ESG strategies to unlock new opportunities and drive long-term value across our portfolio. 

Growth – Help to define a company’s purpose and connect it to strategy, identifying add-on acquisitions or transformational growth opportunities that enable the business to expand its footprint and build additional market share, as well as development opportunities to meet growing demand while leveraging synergies across the existing business. 

Enhancement – Implement operating enhancements and de-risking strategies that help drive capital appreciation and long-term value, including improving or elongating contractual structures, diversifying counterparties and revenue sources and investing in people and technology to facilitate growth and evolution of the business. 

ESG – Define and integrate a company’s distinctive ESG purpose throughout its operations and engagement with stakeholders, helping companies manage energy use to lower emissions and reduce costs, promote diversity across the platform through human capital strategies and establish best-in-class management teams with ownership mentality.