Private equity firm Behrman Capital engages in management buyouts, recapitalizations, acquisitions, and consolidations within fragmented industries. Targeting established firms with annual revenues from $50 million to $500 million, the company typically makes equity investments from $25 million to $100 million per transaction. It prefers to be the lead investor and assists its portfolio companies in formulating business and financial strategies. Behrman Capital focuses on the defense, health care, information technology, specialty manufacturing, and telecommunications sectors. It has stakes in about a dozen companies and more than $2 billion of assets under management.