Stages:

• Middle Market

 

Industries:

Business Services

Financial Services

Manufacturing & Industrial

Transportation & Distribution

 

Description:

Parkland Management Company, originally organized in 1987 as an Ohio corporation, manages the investments of Lois U. Horvitz and family members of Lois and her husband, Harry R. Horvitz. Harry R. Horvitz was a newspaper publisher whose family owned five newspapers in Ohio and New York and operated seven cable TV systems. He passed in 1992. In 1998, the company was reorganized as a single member Ohio limited liability company. On January 31, 2003, ownership of the company was divided and transferred equally to the three children of Harry R. Horvitz and Lois U. Horvitz. The investment strategy is focused on private equity and hedge funds. Within private equity / venture capital: funds the firm makes co-investments and select direct investments. General areas of focus (with exceptions) include Venture Capital: Pre-seed to Series A stage. Fund sizes are generally $30-$300M. For buyout Parkland targets: $100-$500M funds targeting $3-15M EBITDA companies. For Growth equity the firm targets $100-$500M funds. Michael Horvitz (son of Harry) is a trustee of the Cleveland Orchestra, where he chairs the Personnel and Audit Committees and serves on the Executive and Investment Committees. He also serves as a trustee of The Cleveland Clinic Foundation (where he serves on the Finance Committee) and The Frick Collection in New York.