1. Partnering with
Companies to Drive
Long-Term Growth
for over 50 Years
For any successful business, the decision to seek outside investors is
often transformative. Employees, communities, financial security and
legacies are at stake. That’s why owners and their advisors have been
turning to Lubar & Co. for over 50 years. Investing our own capital,
we collaborate with exceptional management teams to safeguard what
matters most and enable each enterprise to reach its fullest potential –
today, tomorrow and for many years to come.
OUR PHILOSOPHY
At the heart of the Lubar & Co. investment philosophy is a
commitment to doing the right things, day in and day out. This
commitment is based on six key tenets:
1. Acquire companies jointly with operating managers who are dedicated
to building their businesses and rewarded for doing so.
2. Operate each company on a world-class basis by providing
management with the operational, financial and human resources
necessary to develop the business.
3. Create meaningful ownership opportunities for management through
an equity structure that aligns their interests with ours.
4. Operate in an atmosphere of mutual trust, respect and the highest
standards of integrity in all relationships.
5. Use common sense and sound judgment to guide our actions.
6. Build companies that produce reliable, growing earnings and reinvest
the cash flow to fund future growth. This is a long-term investment
strategy aimed at appreciation and compounding equity values.
INVESTMENT CRITERIA
• Revenues of $30 million or more
• EBITDA of $5 million to $30 million
• Enterprise values of $15 million to $200 million
• Midwest-based from the Great Lakes to Texas
MARKETS INDUSTRIES
• Niche manufacturing • Architecture, engineering and construction
• Business services • Finance and asset management
• Energy • Healthcare
• Food • Banking
TYPES OF TRANSACTIONS
• Management-led buyouts • Generational changes of ownership
• Recapitalizations • Corporate divestitures
• Growth capital • Majority or minority ownership positions
CONTACT OUR TEAM
Sheldon B. Lubar
Chairman
shel@lubar.com
David J. Lubar
President CEO
david@lubar.com
Vince Shiely
Partner
shiely@lubar.com
Dave Bauer
Cheif Investment Officer
bauer@lubar.com
Dave Kuehl
General Counsel
kuehl@lubar.com
OFFICE LOCATION
700 N. Water Street, Suite 1200
Milwaukee, WI 53202
414-291-9000 Phone
414-291-9061 Fax
Learn more at www.lubar.com.

2. Lubar Co. Representative Investments
Lubar Co. has investment experience and a record of success with portfolio
companies in diverse industries in various stages of development. The following
companies represent a sampling of meaningful investments where we serve a
significant role as investor, director and advisor.
Rockland Industrial Products, LLC, based
in Red Wing, MN, is North America’s second
largest manufacturer of laminated wood
flooring for the trailer and intermodal container
markets. The company also manufactures
finished and unfinished oak cabinetry sold
through major home improvement retailers,
distributors and its own direct outlet.
www.rocklandflooring.com
Shared Imaging, LLC, is a leading,
Streamwood, IL-based provider of CT, MRI
and PET/CT imaging systems, services and
equipment to hospitals and other healthcare
providers. www.sharedimaging.com
Zero Zone, Inc., based in North Prairie,
WI, is a designer and manufacturer of high-
quality refrigerated display cases and electrical
distribution systems for supermarkets,
convenience stores, drug stores, ice arenas and
cold storage industrial applications.
www.zero-zone.com
Enlink is a Dallas-based midstream natural
gas company engaged in the gathering,
transmission and processing of natural gas in
North America and is a subsidiary of Devon
Energy Corporation.
www.enlink.com
Drilltec, Inc. is a Houston, TX-based,
industry leader in innovating, engineering and
manufacturing critical protection products for
the oil country tubular goods (OCTG) market.
www.drilltec.com
Erdman Corporation, based in Madison,
WI, is one of the nation’s leading healthcare
planning, development and design-build
firms, partnering with hospitals, integrated
health systems and physician groups to provide
optimal healthcare facility solutions.
www.erdman.com
American Pasteurization Co. is a Milwaukee-
based food processor that uses high-pressure
processing (HPP) to make fresh foods safer, taste
better and last longer. www.pressurefresh.com
Approach Resources is a Fort Worth,
TX-based independent oil and natural gas
company focused on exploring and producing
unconventional oil and gas reservoirs.
www.approachresources.com
ChemDesign Products, based in Marinette,
WI, provides specialty, custom, and toll
chemical manufacturing for companies in
the agricultural chemicals, consumer, energy,
industrial and plastics industries.
www.chemdesign.com
Hallador, through its subsidiary Sunrise Coal
LLC, is engaged in the production of coal from
an underground mine in Carlisle, IN. The
company also has oil and gas interests in the
San Juan Basin located in the northwest corner
of New Mexico, as well as in Michigan and
North Dakota. www.halladorenergy.com
Milwaukee, WI-based Lake Express is the
first high-speed ferry in the United States. The
ship carries passengers and vehicles across Lake
Michigan between Milwaukee and Muskegon,
MI, in just 2 ½ hours, saving passengers
a lengthy drive through heavily congested
Chicago. www.lake-express.com
The Milwaukee Brewers are based in
Milwaukee, WI and are one of 30 professional
baseball teams in Major League Baseball.
www.brewers.com
Review our full portfolio at www.lubar.com/portfolio.
Lubar Co. 700 N. Water Street, Suite 1200 Milwaukee, WI 53202
Phone: 414-291-9000 Fax: 414-291-9061 info@lubar.com