St. Louis Investment Firm Named Small Business Investment Company of the Year
WASHINGTON, May 1, 2019 /PRNewswire/ -- Eagle Fund III, LP of St. Louis, Missouri has been named the 2019 Small Business Investment Company (SBIC) of the Year by the U.S. Small Business Administration. Eagle, along with other national winners and finalists for the National Small Business Person of the Year, have been invited to a recognition ceremony as part of National Small Business Week in Washington, D.C., on May 5-6.
Small Business Investment Company (SBIC) Awardee
Eagle Fund III, LP
St. Louis, Missouri
Eagle is led by Managing Directors Scott D. Fesler, Benjamin M. Geis, Matthew J. Koster, Wayne L. Smith, II, and James J. Tighe, III, and is headquartered in St. Louis, Missouri. Eagle is focused on partnering with management or other private equity investors to supply growth and change of control capital ranging from $4 million to $15 million to a broad range of middle market businesses located in the United States. Common characteristics of such businesses include annual revenues from $10 million to over $100 million, EBITDA in excess of $2 million, proven management teams with appropriate long-term performance-based financial incentives, as well as histories of stable cash flow and profitability, and positive outlooks for sustainable margins, profitability and growth.
The SBIC of the Year award is administered by the SBA's Office of Investment. This office was established under the Small Business Investment Act of 1958 at a time when no private equity industry existed in the United States. Approximately 60 years later, the office manages the current SBIC program, which provides U.S. taxpayer guaranteed long-term loans to SBA-licensed SBICs. The SBICs use these taxpayer guarantees and privately raised funds to independently provide capital, primarily in the form of subordinated debt with equity enhancements, to qualifying small businesses.
To learn more about the SBIC program, visit www.sba.gov/sbic.
Each year since 1963, the president has issued a proclamation calling for the celebration of National Small Business Week. This year National Small Business Week will be recognized on May 5-11. For more information on the national events, visit www.sba.gov/nsbw.
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.
Cosponsorship Authorization #SBW2019. The SBA's participation in this cosponsored activity is not an endorsement of the views, opinions, products or services of any cosponsor or other person or entity. All SBA/SCORE programs and services are extended to the public on a nondiscriminatory basis.
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Release Number: 19-22
SOURCE U.S. Small Business Administration
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