Business Services Private Equity Firms
66 mid-market firms that invest in business services companies. Each profile covers check size, target EBITDA, strategy, and add-on appetite, sourced from the firms' own published criteria.
Business-services sponsors underwrite on contract economics: revenue retention, contract duration, and the mix of recurring versus project work. Buyers will test whether your bookings, backlog, and recognised revenue tie together, and whether churn is measured the same way across the business. Data that cannot answer those questions quickly stalls the process.
Most are headquartered in New York, Illinois, California. Published EBITDA targets: 2 at Under $5M, 23 at $5M-$15M, 19 at $15M-$40M, 5 at $40M+. 56 state an active add-on programme.
- Align Capital Partners
Align splits its team between Cleveland and Dallas and buys lower-middle-market companies across business services, industrial services, specialty manufacturing, and software.
- Argosy Private Equity
Argosy has been buying $3M to $10M EBITDA manufacturing and business services companies from its Philadelphia-area base for decades, with roughly $3.8B under management across its platform.
- Audax Private Equity
One of the most prolific buy-and-build investors in private equity, with roughly $19B in AUM.
- Bertram Capital
A Bay Area firm with an unusual in-house engineering group, Bertram Labs, that builds technology directly into its portfolio companies.
- Blue Point Capital Partners
Blue Point runs offices in Cleveland, Charlotte, and Seattle plus a Shanghai supply-chain team, which it uses as a genuine operating advantage for industrial companies with Asian sourcing.
- Blue Sea Capital
West Palm Beach firm investing $30M to $250M in healthcare services, healthcare IT, and outsourced services businesses with $5M to $30M of EBITDA.
- Boyne Capital
A Miami firm targeting $3M to $15M EBITDA companies under $100M of revenue across business services, healthcare, consumer, and niche manufacturing.
- Braemont Capital
A relationship-driven growth investor in Dallas with a ~$525M debut fund spanning business services, technology, and financial services.
- Bregal Partners
The North American lower-middle-market arm of the Bregal family, backing founder-owned consumer, multi-unit, food, and business services companies up to $75M of EBITDA.
- BV Investment Partners
One of the older tech-focused mid-market firms, Boston-based with a $2.5B latest fund, investing in tech-enabled business services, software, and IT services companies with $5M to $30M of EBITDA.
- CenterOak Partners
A Dallas firm investing $20M to $100M in industrial growth, specialty distribution, and outsourced industrial services companies with $5M to $35M of EBITDA.
- CIP Capital
A New York firm investing $25M to $125M in tech-enabled business services, business information, and knowledge services companies with $5M to $25M+ of EBITDA.
- Clearview Capital
A Stamford firm running a classic buy-and-build model on $5M to $25M EBITDA companies in business services, niche manufacturing, and distribution, with $30M to $125M of equity per platform and smaller checks for add-ons..
- Coalesce Capital
A newer New York firm with a $900M debut fund focused on human-capital-driven and tech-enabled services: compliance, facility services, HR outsourcing.
- Council Capital
A Nashville healthcare growth investor with a CEO Council model: several dozen proven healthcare executives who co-invest and open doors for portfolio companies.
- Excellere Partners
A Denver firm with an $875M fourth fund and a partnership-heavy model for founder transitions, spanning healthcare, business services, and industrials.
- Falfurrias Capital Partners
A Charlotte firm founded by former Bank of America executives, running both buyout ($5M to $50M EBITDA) and growth ($4M to $20M ARR) strategies across software, fintech, and information services.
- Frontenac Company
A Chicago firm investing through a CEO1ST model: it identifies proven executives first, then buys companies for them to run.
- Gallant Capital Partners
A Los Angeles firm founded by Gores Group alumni, taking control positions in technology, industrials, and business services companies up to $40M EBITDA.
- Gauge Capital
A Dallas-area firm that showed up in four of the five sectors this directory covers, which tells you what a true generalist looks like at this size.
- GenNx360 Capital Partners
A New York firm buying industrial services, manufacturing, transportation, and logistics companies with $5M to $35M of EBITDA.
- Growth Catalyst Partners
A Chicago firm buying information, marketing, and tech-enabled services companies with $3M to $7M of EBITDA.
- Gryphon Investors
A San Francisco firm with $9B+ AUM investing $50M to $500M across consumer, business services, healthcare, industrial growth, and software.
- Hidden Harbor Capital Partners
A Boca Raton firm with an $800M third fund buying industrial and business services companies with $5M to $30M of EBITDA.
- High Road Capital Partners
A New York firm buying niche manufacturing, distribution, and services companies with $1M to $10M of EBITDA.
- Huron Capital
A Detroit firm known for its ExecFactor model: partnering with executives to consolidate fragmented services industries.
- ICV Partners
A New York firm investing in business services, non-discretionary consumer services, and food companies with $5M to $15M of EBITDA.
- Iron Range Capital
A Chicago firm buying niche manufacturing and value-added distribution platforms with $3M to $20M of EBITDA, add-ons any size.
- L2 Capital Partners
A Devon, Pennsylvania firm buying consumer products and niche manufacturing businesses with $4M to $15M of EBITDA and $15M to $150M of revenue.
- LLR Partners
A Philadelphia growth firm investing $10M to $200M in software and tech-enabled companies across healthcare IT, fintech, edtech, and vertical SaaS.
- Marlin Equity Partners
A Los Angeles firm with $2.5B in recent commitments across a flagship and a dedicated lower-mid-market Heritage fund.
- Mason Wells
Milwaukee's mid-market standard-bearer, buying outsourced business services, engineered products, packaging, and consumer packaged goods companies with $5M to $30M of EBITDA and $25M to $300M of revenue.
- MidOcean Partners
A New York firm with $11B+ AUM investing $50M to $300M+ in consumer and business services companies with enterprise values from $150M to $750M+.
- Montage Partners
A Scottsdale firm investing in technology, industrial, healthcare, and consumer businesses with $1.5M to $7M of EBITDA.
- Mountaingate Capital
A Denver firm with $1.4B AUM building platforms in data-driven marketing services, analytics, and business services from $5M to $25M of EBITDA, with add-ons any size.
- New MainStream Capital
A New York firm (often shortened to NMS Capital) investing $25M to $75M in healthcare and business services companies with $5M to $25M of EBITDA.
- NMS Capital
A Beverly Hills firm (not to be confused with New York's New MainStream Capital) taking control of business services and healthcare services companies with $5M to $25M of EBITDA, investing $25M to $75M per deal..
- Pamlico Capital
A Charlotte firm with a $1.75B sixth fund investing $50M to $200M in software, information services, healthcare, and business services companies with $10M to $150M of revenue.
- Peninsula Capital Partners
A Detroit firm providing junior capital and equity: subordinated debt of $5M to $50M and equity up to $30M for companies from $3M of EBITDA.
- Pfingsten Partners
A Chicago firm that has run the same operationally-driven playbook on $3M to $12M EBITDA manufacturing, distribution, and services companies for thirty years, now on a $435M sixth fund.
- Pike Street Capital
A Seattle firm buying industrial technology, distribution, and specialty manufacturing companies with $4M to $20M of EBITDA.
- Renovus Capital Partners
A Wayne, Pennsylvania firm with $2B+ raised, buying knowledge and talent businesses: education, technology services, healthcare services, and professional services with entry EBITDA under $10M.
- RiverGlade Capital
A Chicago healthcare firm investing $15M to $100M in services businesses up to $20M of EBITDA: outsourced services, home-based care, behavioral health, pharma services.
- Riverwood Capital
A Menlo Park firm investing $25M to $250M+ in technology companies with $10M to $100M of ARR, global in reach with deep Latin America roots.
- Rotunda Capital Partners
A Bethesda and Chicago firm with $1.6B AUM buying value-added distribution, asset-light logistics, and industrial services platforms up to $50M of EBITDA.
- Sheridan Capital Partners
A Chicago healthcare firm with a $575M third fund buying provider services, healthcare IT, and outsourced services businesses.
- Shore Capital Partners
The most prolific microcap investor in the country, with ~$17B AUM and dedicated healthcare, food and beverage, business services, and industrial funds.
- Silversmith Capital Partners
A Boston growth firm with a $1.7B fifth fund investing $15M to $50M in SaaS, information services, and healthcare IT companies.
- Sole Source Capital
A Dallas firm founded by an ex-TPG industrial partner, targeting recession-resistant industrial subsectors.
- Southfield Capital
A Greenwich firm investing $20M to $125M in outsourced business services companies with $4M to $20M of EBITDA: commercial services, environmental services, logistics, and professional services.
- Spectrum Equity
A Boston and San Francisco growth firm with a $1.5B ninth fund investing $25M to $150M+ in internet-enabled software and information services businesses.
- Spire Capital
A New York firm investing $15M to $125M in tech-enabled business services, media, education, and communications companies from $2M of EBITDA.
- Stonehenge Partners
A Columbus firm investing $10M to $50M of flexible capital in manufacturing, distribution, healthcare, and business services companies.
- Sverica Capital Management
A Boston and San Francisco firm with a $750M sixth fund investing $25M to $75M in technology, business services, healthcare, and advanced industrial companies under $25M of EBITDA.
- Svoboda Capital Partners
A Chicago firm investing $10M to $25M in professional services, industrial and commercial services, and logistics businesses with $3M to $15M of EBITDA.
- Tecum Capital
A Pittsburgh-area firm running SBIC funds that provide mezzanine debt ($5M to $20M) and control equity for manufacturing, distribution, and services businesses with $2M to $10M of EBITDA.
- Tenex Capital Management
A New York firm with a $1.9B fourth fund investing $25M to $125M in industrials, services, and healthcare companies with $3M to $40M of EBITDA.
- The Capstreet Group
A Houston firm buying outsourced business services and industrial services companies with $3M to $15M of EBITDA.
- The Halifax Group
A Washington DC firm investing $40M to $80M in franchising, health and wellness, and outsourced services businesses with $8M to $30M of EBITDA.
- The Riverside Company
One of the largest small-company investors in the world, with strategies spanning micro-cap (under $10M EBITDA), capital appreciation ($10M to $35M), flexible capital, and software acceleration.
- Tonka Bay Equity Partners
A Minnetonka firm with a $200M fourth fund buying highly engineered manufacturing, distribution, and business services companies with $2M to $8M of EBITDA.
- Tregaron Capital
A Palo Alto firm investing $3M to $10M of equity and mezzanine in California-and-westward services, distribution, and mature software businesses.
- Trinity Hunt Partners
A Dallas growth firm with a $700M seventh fund investing $15M to $70M in services businesses with $2M+ EBITDA across healthcare, business, and consumer services.
- Trivest Partners
A Coral Gables firm and the oldest PE shop in the Southeast, with a strict rule: founder- and family-owned businesses only, no institutional sellers.
- TZP Group
A New York firm managing ~$2B across strategies, investing $10M to $100M in consumer and business services companies with $2M to $15M of EBITDA.
- Wind Point Partners
A Chicago firm buying consumer products, industrial products, and business services companies with $10M to $75M of EBITDA.
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