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Onward Capital is a private equity firm dedicated to investing in lower middle-market companies primarily in the manufacturing, distribution, and business services sectors across the United States and Canada. They partner with existing management teams to provide capital, strategic guidance, and operational expertise to drive sustainable growth and value creation. Onward Capital focuses on businesses with strong fundamentals and clear potential for expansion, aiming to build market-leading enterprises.
Serves as the central hub for Onward Capital's investment activities, including deal sourcing, due diligence, portfolio company management, and strategic decision-making.
Located in the 200 South Wacker Drive building, a prominent office tower in Chicago's Loop, offering access to the city's financial district. Specific architectural highlights of the Onward Capital suite are not publicly detailed.
Characterized by a professional, analytical, and results-oriented environment typical of private equity firms. Emphasis is placed on collaboration, strategic thinking, and building strong, supportive relationships with portfolio companies and management teams.
The Chicago headquarters is strategically positioned in a major North American financial and commercial hub, facilitating access to deal flow, talent, and industry networks essential for its investment operations and portfolio support.
Onward Capital primarily focuses its investment activities on companies located in the United States and Canada. While its direct operations are managed from its Chicago headquarters, its portfolio companies may have international operations, customers, or supply chains, thereby giving the firm an indirect global reach. The firm's support functions are centralized to effectively manage its North American investments.
200 South Wacker Drive, Suite 3100
Chicago
IL
USA
No additional office locations available.
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As of April 2025, Onward Capital' leadership includes:
Onward Capital has been backed by several prominent investors over the years, including:
In the last twelve months, Onward Capital has seen internal promotions strengthening its leadership, notably Brian F. Flocal's elevation to Partner. The firm maintains a stable executive team focused on its investment strategy.
Discover the tools Onward Capital uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.
Onward Capital likely utilizes a common professional email format. Based on standard corporate practices in the financial industry, the most probable format is the first initial of the first name followed by the full last name.
[first_initial][last]@onwardcap.com
Format
mgeorge@onwardcap.com
Example
80%
Success rate
PR Newswire • March 28, 2024
EES Holdings, LLC, a portfolio company of Onward Capital, announced its acquisition of Spark Chanute, LLC, a provider of residential and business internet, video, and voice services in Southeast Kansas. This strategic acquisition aims to expand EES's fiber broadband footprint and enhance service offerings in the region....more
Onward Capital Website • January 9, 2024
Onward Capital proudly announced the promotion of Brian F. Flocal to Partner. Mr. Flocal joined Onward in 2018 and has been instrumental in sourcing, executing, and managing investments, contributing significantly to the firm's success....more
Business Wire • August 2, 2023
Onward Capital announced its strategic investment in Domac, Inc., a leading manufacturer of engineered drive train and motion control components. This partnership is aimed at supporting Domac's continued growth, innovation, and market expansion....more
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