Frank Wright and Steven Kumble founded the Lincolnshire Management company in 1986. The company is New York-based and is a private equity firm that mainly deals with acquisitions as well as investments all over the Middle East.
Frank Wright had previously been in a special finance division for close to thirty years, working for a company known as Hanover Trust Incorporation. His role in the company made him get a reputation in the 1980s because of the buyouts that he used to leverage. This was the motivation behind Lincolnshire Management alongside his business partner Steven Kumble.
Unfortunately, Frank passed away in 1992 which was followed by several changes in the management of the company, ranging from James Tozer to T.J. Maloney. Despite the changes, Steve maintained his executive position until he left the organization after being given a good offer to be one of the founders of the Corinthian Capital in 2005. More information is given on this link.
The first recognizable investment by the company was in 2009 where they bought some shares of the Wabash National Corporation. Wabash National Corporation had at the time just purchased one of the Lincolnshire Management’s portfolio companies which was Transcraft.
Later on, in 2010, the company was named among the top ten private equity firms which were a step into the oncoming success of the company. Since then, the company became quite popular all over New York and had always had an upward trend regarding improvement. This is detailed further in this link https://www.privateequitywire.co.uk/2018/04/04/262901/lincolnshire-management-sells-port-terminal-operator-amports
The company has also opened some offices in the United States across areas such as Chicago, Atlanta, and Los Angeles. 2011 saw the company being named among the fast-growing private equity firms by CNN Money and the Fortune Magazine.
The company has made approximately 70 acquisitions of different firms which have also increased Lincolnshire Management’s exposure to various industries. The company is also equipped with professionals in the different departments and regional offices who have been trained to work towards the achievement of the company’s overall goals.
The company also manages other companies’ portfolios as well as their equity funds, with the most recent one named as the Lincolnshire Equity Fund IV whose value is approximately $835 million.