Steel Partners Holdings LP LTD PARTNERSHIP UNIT (SPLP)

Competitors to Steel Partners Holdings LP LTD PARTNERSHIP UNIT (SPLP)

Apollo Global Management, Inc. 

Apollo Global Management and Steel Partners are both major players in the alternative investment space, but Apollo boasts a wider investment strategy and greater assets under management. Apollo's established reputation and portfolio across various sectors, including real estate, private equity, and credit, provide a clear competitive advantage in terms of diversification and capital inflow. Conversely, Steel Partners tends to focus on unique operational improvements within its assets, which may yield high returns but with higher associated risks and fewer growth opportunities in comparison to Apollo's broader strategy.

Ares Management Corporation 

Steel Partners and Ares Management both operate in the investment management space, but Ares has a more diverse portfolio that includes credit, private equity, and real estate, allowing it to attract varied capital from different sources and have a more balanced risk profile. Ares' size and global presence also offer it leverage in securing deals and investing in larger projects. Steel Partners, while agile, lacks the scale and breadth of operation, which may limit its advantages during market fluctuations compared to Ares Management.

Berkshire Hathaway Inc. 

Both Steel Partners and Berkshire Hathaway operate as diversified holding companies, but Berkshire Hathaway has significant financial resources and a reputation for smart acquisitions and long-term investments, giving it a substantial competitive advantage. Warren Buffett's investment philosophy and brand equity have led to a multitude of successful subsidiary businesses. In contrast, while Steel Partners may pursue value investments within its portfolio companies, it often lacks the same level of capital and market influence for acquisitions compared to Berkshire.

Harris Corporation

Steel Partners Holdings LP and Harris Corporation compete in similar sectors, particularly in aerospace and defense. Harris is more focused on communications and electronic systems, while Steel Partners has a broader investment strategy across various sectors. Harris benefits from a strong brand reputation and longstanding contracts in government and military sectors, giving it a competitive edge in those markets. Additionally, Harris's extensive R&D capabilities allow it to innovate consistently, which tends to attract more business partnerships when compared to Steel Partners.

KPS Capital Partners

KPS Capital Partners and Steel Partners both engage in private equity investments, but KPS focuses heavily on distressed manufacturing and industrial sectors, which allows them to leverage operational improvements before reselling companies at a profit. Steel Partners, while also operationally focused, has a broader investment horizon and engages in various sectors that may dilute its focus. KPS’s specialty in turnaround management often leads to more refined strategies for maximizing the potential of its asset base, thus providing a competitive edge in targeted investments.