Private Equity Associate (Industrials)

Location: Chicago, IL

Start Date: Q1 2027

Industry Focus: Industrials

Fund Size: Middle Market Private Equity

Overview

We are currently partnered with a Chicago-based middle market private equity firm who is seeking an Associate to join its investment team in early 2027. The firm focuses on control-oriented investments in North American industrial businesses, partnering with management teams to drive operational improvements, execute strategic growth initiatives, and create long-term value. The Associate will play an active role across all phases of the investment lifecycle, including transaction execution, due diligence, financial analysis, portfolio company support, and new investment evaluation. This position offers significant responsibility, direct interaction with senior investment professionals, and exposure to management teams and advisors.

Responsibilities

Transaction Execution

• Evaluate prospective investment opportunities across a variety of industrial subsectors
• Build and maintain complex financial models, including LBO, operating, valuation, and returns analyses
• Conduct industry, market, and competitive research
• Coordinate and manage third-party diligence providers, including accounting, legal, commercial, operational, and environmental advisors
• Assist in the preparation of investment committee materials and transaction documentation
• Support financing processes and lender diligence efforts

Portfolio Management

• Monitor portfolio company operating and financial performance
• Assist management teams with strategic initiatives, operational improvement projects, and M&A activity
• Support add-on acquisition evaluations and execution efforts
• Prepare board meeting materials and portfolio review analyses

Investment Sourcing & Market Coverage

• Track industry trends and competitive dynamics across target sectors
• Support relationship development with investment banks, executives, business owners, and industry advisors
• Assist in maintaining and monitoring the firm's investment pipeline

Qualifications

• 2-3 years of investment banking, private equity, transaction advisory, or related experience by the anticipated start date
• Strong preference for candidates with Industrials, Diversified Industrials, Aerospace & Defense, Business Services, Transportation & Logistics, Packaging, or Manufacturing sector exposure
• Advanced financial modeling and valuation capabilities
• Strong analytical, quantitative, and problem-solving skills
• Excellent written and verbal communication abilities
• High level of intellectual curiosity, professionalism, and attention to detail
• Demonstrated ability to manage multiple workstreams in a fast-paced environment