Private Equity Associate (Industrials)

Location: Chicago, ILStart Date: Q1 2027Industry Focus: IndustrialsFund Size: Middle Market Private EquityOverviewWe 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.ResponsibilitiesTransaction ExecutionEvaluate prospective investment opportunities across a variety of industrial subsectorsBuild and maintain complex financial models, including LBO, operating, valuation, and returns analysesConduct industry, market, and competitive researchCoordinate and manage third-party diligence providers, including accounting, legal, commercial, operational, and environmental advisorsAssist in the preparation of investment committee materials and transaction documentationSupport financing processes and lender diligence effortsPortfolio ManagementMonitor portfolio company operating and financial performanceAssist management teams with strategic initiatives, operational improvement projects, and M&A activitySupport add-on acquisition evaluations and execution effortsPrepare board meeting materials and portfolio review analysesInvestment Sourcing & Market CoverageTrack industry trends and competitive dynamics across target sectorsSupport relationship development with investment banks, executives, business owners, and industry advisorsAssist in maintaining and monitoring the firm's investment pipelineQualifications2-3 years of investment banking, private equity, transaction advisory, or related experience by the anticipated start dateStrong preference for candidates with Industrials, Diversified Industrials, Aerospace & Defense, Business Services, Transportation & Logistics, Packaging, or Manufacturing sector exposureAdvanced financial modeling and valuation capabilitiesStrong analytical, quantitative, and problem-solving skillsExcellent written and verbal communication abilitiesHigh level of intellectual curiosity, professionalism, and attention to detailDemonstrated ability to manage multiple workstreams in a fast-paced environment