Editor’s note: The venture capital and investment firms operating in the Carolinas and Georgia are the focus of a daily profile in Local Tech Wire. The series now numbers more than 50 firms. Each was asked to fill out a survey submitted by LTW. Matthew Burns, Worth Civils and Daniel Pearson compiled the series. A private equity sister to Oberlin Capital, a Raleigh-based Small Business Investment Corporation, Gardiner Capital of Winston-Salem invests in middle-market companies in the Carolinas, Georgia and Virginia that need money for growth, acquisitions, management buyouts or recapitalizations.

Gardiner prefers companies in a range of industries that have annual revenue of more than $5 million and a strong management team looking for a partner that can provide advice as well as capital. A typical investment runs between $2 million and $5 million, and it can be structured as preferred or common equity or convertible or subordinated debt.

The firm’s portfolio includes medical device maker TriVirix International and educational software developer Intellectual Development Systems, as well as Workbench Furniture and Standard Tools.

Here’s the skinny:

Featured Firm: Gardiner Capital, L.P.

Mailing address: 150 S. Stratford Road, Suite 360, Winston-Salem, NC 27104

Phone number: (336) 725-0056

Web site: www.gardinercapital.com

Management Team:

Robert Shepley
Robert Clark
Brent Burgess

Focus of firm: Private investment firm investing and managing two pools of capital: Oberlin Capital, an SBIC, and Gardiner Capital, a private equity fund. The firm is located in Winston-Salem and Raleigh. Invests capital in companies for the financing of growth, acquisitions or recapitalizations.

Size of current fund: $10 million

Money under management: $50 million

Companies funded over the past year:

TriVirix International
Workbench Furniture
Standard Tools
Intellectual Development Systems

In what size range: $1 million to $2 million

Sweet Spot (types of deals, stage of the company): Will consider investments in all industries except real estate and financial services. Prefer companies based in North Carolina, South Carolina, Georgia or Virginia. Also, later-stage investments. We are always interested in co-investing with management teams or other professional equity investors.

Most important attributes for companies seeking funding: Long-term value investors, seeking investments in growing companies with strong market positions and management. Enter into partnerships with management where we add more value than just our capital. Shy away from early stage companies and companies with excessive leverage. Don’t finance start-ups.

What differentiates you: Generalists; invest in traditional industries.

Tuesday’s profile: BB&T Capital markets