American Securities Capital Partners, LLC (ASCP) is the merchant banking arm of American Securities, L.P. whose predecessor entity was founded in 1947 by William Rosenwald to invest and manage his share of his family’s Sears, Roebuck & Co. fortune. ASCP is a private investment partnership that makes equity investments in profitable companies, both privately and publicly held, primarily located in the United States and Canada. In 2006, the firm formed two entities to focus on distressed situations, as well.