Acquisition History / Search Funds

333 tracked search fund deals

Search Fund Acquisition History

A public record of 333 companies acquired by search funds — individually raised acquisition vehicles that buy and operate a single company. Filter by year or country below, or see thefull company acquisition history for large corporate acquirers.

Browse by year

2026 (40)2025 (38)2024 (31)2023 (35)2022 (17)2021 (34)2020 (21)2019 (15)2018 (18)2017 (6)2016 (10)2015 (5)2014 (7)2013 (3)2012 (3)2011 (2)2010 (1)

Browse by country

United States (149)Spain (89)United Kingdom (10)Italy (5)Brazil (4)Belgium (4)Mexico (3)Poland (3)Germany (3)France (3)India (2)Chile (2)Austria (2)Luxembourg (1)Canada (1)Hungary (1)Japan (1)Netherlands (1)South Africa (1)

All search fund acquisitions

Showing all 333 tracked search fund acquisitions.

  1. 14Dreamsacquired by Criluz Capital · Precious metals retail (cash for gold) · SpainAcquired by Criluz Capital (Pablo Paez and Gonzalo Fernandez). Backed by Beka Alpha Search Funds, Celium Capital, Gallium Growth, Legacy Partners, Mayrit Capital Partners, Moonbase Capital, Novadvice, Pinvest Ventures, Secways, Vonzeo Capital. Source: https://searchfundsnews.com/criluz-capital-enters-the-precious-metals-industry-through-spanish-acquisition/2026Undisclosed
  2. 2ABC Empilhadeirasacquired by LTP Capital · Forklift and equipment rental · BrazilAcquired by LTP Capital (Marcos Noll Barboza). Backed by 9T Capital, AIJ Global, Albira, Ambit Partners, BM Holdings, Cabiedes Inversiones, Forti Search Fund Partners, KVIV Ventures, KYR Capital, Mazal, Novidam, Paltus Capital, Scipio Holding, TMB3 Fund, Vonzeo Capital. Source: https://searchfundsnews.com/ltp-capital-acquires-abc-empilhadeiras-in-brazil/2026an EV estimated at US$20-25M
  3. 3ADB Lux Servicesacquired by Vestran · Industrial maintenance, HVAC and photovoltaic installation services · LuxembourgAcquired by Vestran. Backed by Noveta (Novadvice), Peter's Troop, Alain Jarre, unnamed local family office. Source: https://searchfundsnews.com/vestran-takes-over-adb-lux-services-in-luxembourg/2026Not disclosed
  4. 4Alberta Construction Training Institute (ACTI)acquired by Lnkd Capital · Safety and construction training · CanadaAcquired by Lnkd Capital. Backed by Sage Capital Partners, JB46, Hadley Family Office, Scipio, The Cambria Group, Martell Capital Partners, Associés Magnum Capital Partners, Gore Range Ventures, Black Sheep Operations, Integral. Source: https://searchfundsnews.com/canadian-lnkd-capital-completes-the-acquisition-of-alberta-construction-training-institute/2026Not disclosed
  5. 5Alumistaracquired by Novastone Operator-Led Buyout Program · Aluminum alloy casting manufacturing · United StatesAcquired by Bill Balliette (Novastone Operator-Led Buyout Program). Backed by Novastone. Source: https://searchfundsnews.com/nca-entrepreneur-bill-balliette-acquires-california-based-manufacturer-alumistar/2026$12.0M
  6. 6Alumistar (Pacific Cast Products and Performance Aluminum Products)acquired by Bill Balliette (Novastone Capital Advisors operator-led buyout programme) · Aluminium alloy casting · United StatesAcquired by Bill Balliette (Novastone Capital Advisors operator-led buyout programme). Backed by Novastone Capital Advisors. Source: https://searchfundsnews.com/nca-entrepreneur-bill-balliette-acquires-california-based-manufacturer-alumistar/2026$12.0M
  7. 7Ausloos Verpakkingstechniekacquired by WAD Capital · Packaging machinery and solutions · BelgiumAcquired by Thomas Muyldermans (WAD Capital CEO-in-Residence). Source: https://searchfundsnews.com/wad-capital-ceo-in-residence-thomas-muyldermans-acquires-ausloos-verpakkingstechniek/2026Not disclosed (target ~€18M annual revenue)
  8. 8Bautechacquired by AVS Capital · Construction chemicals · MexicoAcquired by AVS Capital (Antonio del Valle Sierra). Backed by 9T Capital, Alza Capital Partners, Benjamin Estrella, Cerralvo Capital, Itaca Capital Partners, JB46, Jose Pablo Fernandez, Leon Bartolome, Scott Asen, Spectra Investments, Ventura Search Capital. Source: https://searchfundsnews.com/avs-capital-acquires-100-of-mexican-bautech/2026revenues of approximately US$10M, with an EBITDA of US$3M
  9. 9Betzler Life Story Funeral Homes and Life Story Networkacquired by Cambridge Memorial Group · Funeral homes and life celebration services · United StatesAcquired by Cambridge Memorial Group (Cole West and John Baker). Backed by TBD Investors, Pacific Lake, Shore Capital, Cerralvo Capital, WSC & Company, The Nashton Company. Source: https://searchfundsnews.com/cambridge-memorial-group-acquires-betzler-life-story-funeral-homes/2026Not disclosed (all-equity transaction)
  10. 10Centrum Medyczne Primus (CM Primus)acquired by Bold Capital · Healthcare · PolandAcquired by Bold Capital. Backed by Marek Jakubów, Novadvice, SF Club. Source: https://searchfundsnews.com/bold-capital-acquires-primus-group-in-poland/2026Not disclosed
  11. 11Chinook Fire Protectionacquired by Stovall Capital · Fire protection contracting · United StatesAcquired by Stovall Capital (Ben Frazer). Backed by Generational Transfer Entrepreneurs, Hadley Family Capital, Heritage Holding, Marion Equity Partners, Martell Capital Partners, Paltus Capital, Reframe Search Partners, Ventura Search Capital. Source: https://searchfundsnews.com/stovall-capital-closed-the-first-alaskan-sf-acquisition-with-the-buyout-of-chinook-fire-protection/2026Undisclosed
  12. 12Ciboulette & Domenicoacquired by Ayete Partners · Catering · SpainPremium wedding/social (Ciboulette) and corporate (Domenico) catering group Backed by Alza Capital Partners, Aurica Capital, Dellin Investments, Ethos Partners, Evolutiq, Istria Capital, JB46, Vonzeo, Marc Bartomeus. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2026Undisclosed
  13. 13Ciboulette and Domenicoacquired by Ayete Partners (Ayete Catering Group) · Catering / food services · SpainMadrid premium catering group: Ciboulette (weddings/social events) and Domenico (corporate catering) Backed by Arada Capital Partners, Istria Capital, Promax Capital Investments. Arada lists 'Ayete Catering Group ... Acquired in 2026'; Istria lists Villanueva & Benito as CEOs of Ciboulette & Domenico; Promax lists Ayete Partners (2024) with the same searchers. Source: https://aradacp.com/2026Undisclosed
  14. 14Clinevo Technologiesacquired by Okintek Capital · Life-sciences software / pharmacovigilance · IndiaTechnology company selling cloud-based, regulatory-compliant clinical trial management, EDC, drug-safety and pharmacovigilance platforms to pharma, biotech and CROs; 200+ clients and 1,000+ clinical trials Backed by Ambit Partners, Lighthaven, Searchlight ETA (Chaitanya Rathi), Inseta Partners, SFClub, Mazal Capital, The Cromwell Harbor Partnership, Spectra Investments, Jasfa (Japan Search Fund Accelerator), Manvendra Saxena, Sumit Garg, Ruiz Family, Zubin Bharti Mittal, Akshat Chaudhary, Nihit Agarwal, Adit Ravi. second completed search-fund acquisition in India; Searchlight ETA took a board seat Source: https://searchfundsnews.com/okintek-capital-invests-in-clinevo-technologies-in-india/2026Undisclosed
  15. 15Connected Dealer Services (CDS)acquired by Endurion Capital · Connected vehicle technology and automotive dealer software · United StatesAcquired by Endurion Capital. Backed by Pacific Lake Partners, Ambit Partners, WSC & Company, Hadley Family Capital, Scipio, Moonbase Capital, Applied Equity Partners, Banyan Software Capital. Source: https://searchfundsnews.com/endurion-capital-closes-one-of-the-largest-deals-in-the-sf-landscape/2026Undisclosed
  16. 16Duco Travel Summitacquired by RNP Growth · Luxury travel events and experiences · ItalyAcquired by RNP Growth. Backed by Istria Capital, Inseta Partners, Cerralvo Capital, The Cromwell Harbor Partnership, Martell Capital Partners, Celium, Spectra Investments, Jurgen Rilling. Source: https://searchfundsnews.com/rnp-growth-acquires-italian-duco-travel-summit/2026Not disclosed
  17. 17E-Demonstrationsacquired by WAD Capital · Event production and experiential marketing · BelgiumAcquired by Nina Bos (WAD Capital CEO-in-Residence). Source: https://searchfundsnews.com/nina-bos-backed-by-wad-capital-acquires-e-demonstrations/2026Undisclosed
  18. 18Edgar Hausmannacquired by Amboro Capital · Aerospace distribution (tools and consumables) · GermanyAcquired by Amboro Capital. Backed by Ambit Partners, Istria Capital, JB46 Partners, Innesto Partners, Heritage Holding, Legacy Partners, The Cromwell Harbor Partnership, Thomas Bühler, Gernot Eisinger, Martin Frischknecht, Till Bossert, Alexander Kirn, Finn Wulf, James Turner. Source: https://searchfundsnews.com/amboro-capital-acquires-german-distributor-edgar-hausmann/2026Not disclosed
  19. 19Envases Sanz Beldaacquired by Preludio Partners · Rigid plastic packaging manufacturing · SpainAcquired by Preludio Partners (Andres Garrido and Curro Fita). Backed by Evolutiq, Secways, Spectra Investments, Ventura Search Capital, Vonzeo Capital. Source: https://searchfundsnews.com/preludio-partners-acquired-100-of-envases-sanz-belda/2026EUR11.9M in revenue in 2024 and EUR2.5M in EBITDA
  20. 20Escuela Europea de Coaching (EEC)acquired by Maruna Capital · Training / coaching · SpainInternational executive-coaching training/consultancy; ~EUR5M revenue (2025) Backed by Alejandro Rodríguez-Carmona, Cabiedes Capital, José I. Bescós, Mugello Inversiones, SFClub, TMB3. Source: https://searchfundsnews.com/maruna-capital-invests-in-escuela-europea-de-coaching-in-spain/2026~EUR6M
  21. 21essensys plcacquired by Mark Furness-led Bidco · Flexible workspace software · United KingdomAcquired by Mark Furness-led Bidco. Source: https://www.investegate.co.uk/announcement/rns/essensys--esys/recommended-cash-offer/94433682026$15.3M
  22. 22EURO-M Flexible Packagingacquired by WAD Capital · Flexible packaging films for the food industry · BelgiumAcquired by Sammy Lasseel (WAD Capital CEO-in-Residence). Source: https://searchfundsnews.com/wad-capital-and-sammy-lasseel-acquire-euro-m-flexible-packaging/2026Not disclosed (target ~€14M 2024 revenue, ~€1.2M EBITDA)
  23. 23Groupe Odontysacquired by Renovatio Capital · Dental care · FranceAcquired by Renovatio Capital. Backed by Vonzeo Capital, Ambit Partners, ONEtoONE Asset Management, SF Club, CIC, Crédit Mutuel, Crédit Coopératif, Bpifrance (debt club deal). Source: https://searchfundsnews.com/french-renovatio-capital-takes-over-groupe-odontys/2026~€15M enterprise value
  24. 24Grupo Securityacquired by Libertum Capital · Security and video surveillance systems · SpainAcquired by Libertum Capital (Juan Bolívar and Jorge Giménez-Arribas). Backed by Cerralvo Capital, Alza Capital Partners, Vonzeo Capital, BekaFinance, Istria Capital, ONEtoONE Asset Management, Atiud, Tres Coronas, Enrique Locutura, Jose Antonio Larraz, Will Thorndike, Lukas Matzinger. Source: https://searchfundsnews.com/libertum-capital-acquires-spanish-grupo-security/2026Enterprise value estimated at approximately €10M
  25. 25Grupo Security (Master Security 3000, Gestion y Control de Lorca, Gestion de Seguridad y Control, Ponce y Moya Servicios)acquired by Libertum Capital · Security and video surveillance services · SpainAcquired by Libertum Capital (Juan Bolivar and Jorge Gimenez-Arribas). Backed by Alza Capital Partners, Atiud, Beka Finance, Cerralvo Capital, Enrique Locutura, Istria Capital, Jose Antonio Larraz, Lukas Matzinger, ONEtoONE Asset Management, Tres Coronas, Vonzeo Capital, William Thorndike. Source: https://searchfundsnews.com/libertum-capital-acquires-spanish-grupo-security/2026Undisclosed
  26. 26Horizon Undergroundacquired by NCA SF067 · Underground utility construction · United StatesAcquired by David Kirubi (NCA SF067, Novastone Capital Advisors). Backed by Novastone Capital Advisors. Source: https://searchfundsnews.com/nca-entrepreneur-david-kirubi-acquires-californian-horizon-underground/2026Undisclosed
  27. 27Ingeniería y Prevención de Riesgosacquired by Cneo Partners · Safety consulting · SpainConstruction-sector safety coordination and risk-prevention specialist (since 1996) Backed by Relay Investments, Istria Capital, Vonzeo Capital, Ethos Partners, Evolutiq, Beka Alpha Partners, Alfonso Blohm, Felipe Corcuera, Joachim de Belgique, Tobias Raeber, Bruno Lea. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2026Undisclosed
  28. 28Ives & Co Solicitorsacquired by River Cam Group · Legal services (consumer legal services, residential conveyancing, wills and probate) · United KingdomAcquired by River Cam Group (Louis Lew). Backed by Lagar Ventures, Cabiedes Capital, Ventus Capital Partners. Source: https://searchfundsnews.com/river-cam-group-acquired-100-of-ives-co-solicitors/2026Undisclosed
  29. 29Jillson & Robertsacquired by Succession Capital · Gift wrap and packaging manufacturing · United StatesAcquired by Succession Capital (Padraig Lawlor). Backed by Altis, CapitalPad, Dan Dorman, Iberia, Novastone Partners US, Pau Cortes, South Highland Ventures (SHV ETA Fund I). Source: https://searchfundsnews.com/succession-capital-buys-southern-california-based-jillson-roberts/2026$11.0M
  30. 30Lardenoit Finance & Insuranceacquired by WAD Capital · Insurance brokerage · BelgiumAcquired by Mathieu Loquet (WAD Capital CEO-in-Residence). Source: https://searchfundsnews.com/wad-capital-ceo-in-residence-mathieu-loquet-takes-over-belgian-insurance-brokerage-lardenoit-finance-insurance/2026Not disclosed
  31. 31Letro, Cartondis and Trelacoacquired by Targos Capital · Corrugated cardboard packaging · SpainAcquired by Targos Capital (Diego Canales and Nicolas Romo). Backed by ALX Hormes Capital, Colca Capital, Grupo Santa Marta, Iberica Investment Partners, JB46, Legacy Partners, Legatum, Pina Capital, Secways, Soare Holdings, Ventus Capital, Vonzeo Capital. Source: https://searchfundsnews.com/targos-capital-acquires-100-of-a-spanish-corrugated-cardboard-packaging-group/2026Undisclosed
  32. 32Letro, Cartondis, and Trelaco (corrugated cardboard packaging group)acquired by Targos Capital · Corrugated cardboard packaging · SpainAcquired by Targos Capital (Diego Canales and Nicolás Romo). Backed by JB46, Vonzeo Capital, Grupo Santa Marta, Pina Capital, Iberica Investment Partners, Legatum, Secways, Legacy Partners, Colca Capital, Soare Holdings, ALX Hormes Capital, Ventus Capital. Source: https://searchfundsnews.com/targos-capital-acquires-100-of-a-spanish-corrugated-cardboard-packaging-group/2026Undisclosed
  33. 33Omega Mouldingacquired by Robert Vero (Novastone Capital Advisors operator-led buyout programme) · Picture frame moulding manufacturing and distribution · United StatesAcquired by Robert Vero (Novastone Capital Advisors operator-led buyout programme). Backed by Cyprium Partners, Farragut Capital Partners, Novastone Capital Advisors. Source: https://searchfundsnews.com/nca-entrepreneur-robert-vero-invests-in-omega-moulding/2026$30.0M
  34. 34Renocareacquired by Millet Transmission · Roofing and energy renovation services · FranceAcquired by Millet Transmission (Thibaud Millet-Barbe). Backed by 9T Capital, Cabiedes Capital, EPA Investissement, Innesto Partners, JB46, ONEtoONE Asset Management, Pierre-Arthur Chatard, Ruiz family, The Cromwell Harbor. Source: https://searchfundsnews.com/millet-transmission-acquires-renocare-in-the-french-basque-country/2026$11.6M
  35. 35Savaria Ipartechnika Kft.acquired by SF Adastra Capital · Precision manufacturing / machining · HungaryAcquired by SF Adastra Capital. Backed by MagNet Bank (debt, ~50% of enterprise value). Source: https://searchfundsnews.com/nca-entrepreneur-aron-szabo-led-the-buyout-of-savaria-ipartechnika-in-hungary/2026Not disclosed (target EBITDA reported at approx. €1.6M)
  36. 36Scalextric business (Hornby Hobbies)acquired by Scalextric Motorsports (Mark Brown, Purbeck Capital Partners) · Toys and hobby products · United KingdomAcquired by Scalextric Motorsports (Mark Brown, Purbeck Capital Partners). Source: https://www.investegate.co.uk/announcement/prn/castelnau-group-limited--cgl/hornby-agrees-sale-of-scalextric/94500262026$27.0M
  37. 37Super's Dianaacquired by Rigi Capital · Animal health / veterinary pharmaceuticals · SpainAcquired by Rigi Capital (Jorge Oriol). Backed by Aurica Search Fund, Institut Catala de Finances (ICF), Itaca Capital Partners, Karim Zahran, Moonbase Capital. Source: https://searchfundsnews.com/rigi-capital-acquires-supers-diana-in-spain/2026$17.4M
  38. 38TSE Engenharia e Automaçãoacquired by Minerva Capital · Industrial automation and engineering services · BrazilAcquired by Minerva Capital. Backed by Spectra Investments, KYR Capital, TMB3 Fund, Solum Capital, Cabiedes Capital, Cromwell Harbor. Source: https://searchfundsnews.com/minerva-capital-enters-into-tse-engenharia-e-automacao/2026Not disclosed
  39. 39Valdishopperacquired by Cornisa Capital · Last-mile logistics · ChileAcquired by Cornisa Capital (Sebastian Fischer). Backed by 9T Capital, AIJ Holdings, Ambit Partners, Ashford Venture, Cerralvo Capital, N1 Capital, Scipio Holding, TMB3 Fund. Source: https://searchfundsnews.com/cornisa-capital-buys-valdishopper-in-chile/2026Undisclosed
  40. 40Vega Pielacquired by Polsso Capital · Leather · SpainRaw-hide / leather trading company Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2026Undisclosed
  41. 41AlpinEnergieacquired by ASPEON Partners · B2B energy brokerage and solar · AustriaAcquired by ASPEON Partners (Anton Stockert-Seilern and Stephan Poell). Backed by Forti Search Fund Partners, Istria Capital, Moonbase Capital. Source: https://searchfundsnews.com/aspeon-partners-acquires-leading-austrian-b2b-energy-brokerage-alpinenergie/2025a total EV slightly above 5x 2024A EBITDA
  42. 42Apoplex Medical Technologies GmbHacquired by Inderwies Unternehmensnachfolge · MedTech SaaS · GermanyAcquired by Inderwies Unternehmensnachfolge. Backed by Alexander Kirn, Alza Capital Partners, Ambit Partners, Istria Capital, Juergen Rilling, Nico Gormsen, Relay Investments, Simon Webster, Thomas Buehler, William Thorndike. Source: https://searchfundsnews.com/third-german-sf-acquisition-in-2025-underscores-continued-focus-on-software/2025$19.1M
  43. 43Eventus Security Ltdacquired by 720 Fund · Cybersecurity services · IndiaAcquired by 720 Fund. Backed by Ambit Partners, Cerralvo Capital, Relay Investment, TTCER Partners, BK Growth, Brown Robin Partners, Granite Point Partners, Luka Salamunic, Manvendra Saxena. Source: https://searchfundsnews.com/720-fund-closes-the-first-sf-acquisition-in-india/2025Not disclosed
  44. 44Extended Poweracquired by Decus Capital · Temporary power and generator services · United StatesAcquired by Decus Capital (Marc Decoste, Novastone Capital Advisors). Backed by Dellin Investments, Iberia NCA NF I, Novastone Capital Advisors. Source: https://searchfundsnews.com/decus-capital-nca-entrepreneur-marc-decoste-acquires-extended-power-in-the-usa/2025Undisclosed
  45. 45Gallagher Bros Constructionacquired by Three Ridges Capital · Roofing and exteriors contracting · United StatesAcquired by Three Ridges Capital (Jake Burt and Curtis Rother). Backed by Coats Capital, Colton Capital Partners, Grosse Pointe Search Capital, Hadley Family Capital, Heritage Holding, Integral Private Wealth Advisors, JB46, MER Search Capital, Parkland Group, Reframe Capital, Shad Collective, Sleyster Family Capital, The Cromwell Harbor, Ventura Search Capital. Source: https://searchfundsnews.com/three-ridges-capital-acquires-gallagher-bros-construction/2025The EV was approximately $10-12M
  46. 46Gateway Arch Co., Ltd.acquired by Japan Bullseye Capital · Jigsaw puzzles, trading cards and art-related products manufacturing · JapanAcquired by Japan Bullseye Capital. Backed by AIJ Holdings, Capital Tree, Japan Private Equity Co., M2O Search, Scipio Holding, Inclusion Japan. Source: https://searchfundsnews.com/first-duo-sf-japan-bullseye-capital-acquires-gateway-arch/2025Undisclosed
  47. 47Grupo Fireacquired by Iberian Ventures · Fire protection services · SpainSpanish fire-protection conglomerate (extinguishers, hose equipment, installation and regulatory maintenance), 35+ years Backed by Itaca Capital Partners. Itaca lists 'Consolidating the fire protection industry' Led by Iberian Ventures, linking to fire.es (Grupo Fire). Source: https://itaca.capital/companies/2025Undisclosed
  48. 48GSE Composystem and Setrosonacquired by Phoenix Rise Capital; Orion Capital · Aerospace and defence ground support equipment · SpainAcquired by Phoenix Aerospace (Phoenix Rise Capital and Orion Capital). Backed by Atiud Capital, Barrilero Legal Angels, Beka Finance, Cabiedes Inversiones, Enrique Locutura, Eugenio Rodriguez, Knudsen family, Leon Bartolome, ONEtoONE Asset Management, Secways. Source: https://searchfundsnews.com/trio-of-searchers-at-phoenix-aerospace-acquires-2-spanish-aerospace-companies/2025$16.8M
  49. 49Gutmaracquired by Lauria Partners · Aerospace and defence precision engineering · SpainAcquired by Lauria Partners (Miguel Camino and Alvaro Horstmann). Backed by Hyperion. Source: https://searchfundsnews.com/lauria-partners-the-aerospace-defense-focused-sf-acquires-gutmar/2025Undisclosed
  50. 50H. Mears (Furnishers) Ltdacquired by All Interests Aligned · Flooring retail and installation · United KingdomAcquired by All Interests Aligned (AIA) with operator Philip Cefai. Source: https://searchfundsnews.com/aia-completes-its-first-deal-with-the-acquisition-of-h-mears-furnishers-ltd-in-the-uk/2025Undisclosed
  51. 51Hermex Ibericaacquired by QUO Capital Partners (Quo Inversion) · School furniture / equipment · SpainFurniture and educational equipment for classrooms and playgrounds Backed by Promax Capital Investments. Registry (empresia.es/empresa/hermex-iberica/) shows Canellas and Feliu de la Penya appointed joint directors on 14 Nov 2025. Source: https://www.promaxcapitalinvestments.com/search-funds-variable2025Undisclosed
  52. 52Hermex Ibéricaacquired by Quo Inversión · School furniture · SpainCatalan school furniture and educational equipment maker/distributor; EUR11.5M revenue, EUR1.4M EBITDA (2023) Backed by Alza Capital Partners, Cerralvo Capital, Going Investment, Istria Capital, JB46, Turtle Capital, Vonzeo Capital, Gernot Eisinger, Thomas Büehler, Luis Camilleri, Marc Bartomeus, José María Clotet. Source: https://searchfundsnews.com/duo-sf-quo-inversion-acquires-a-spanish-sme-in-the-school-furniture-and-equipment-sector/2025Undisclosed
  53. 53Hincado Directoacquired by Nutria Capital · Renewable-energy construction · SpainBadajoz pile-driving contractor for photovoltaic plants; EUR1.5M revenue, EUR0.9M EBITDA (2024) Source: https://searchfundsnews.com/nutria-capital-acquires-spanish-hincado-directo/2025Undisclosed
  54. 54Hispania Educación y Comunicaciónacquired by Relevian · Education · SpainValencia Spanish-language school for international students; ~EUR5M sales, ~EUR2M EBITDA Backed by Alza Capital, Atiud Capital Center, Aurica Search Fund, Aurica Search Fund (Aurica Capital), Evolutiq, George Jankovic, Heritage Search Partners, Kinderhook Partners, Martell Capital Partners. Source: https://searchfundsnews.com/relevian-acquires-spanish-language-school-hispania/2025Undisclosed
  55. 55ICEAacquired by Lynx Trail Capital · SEO/SEM digital marketing agency · PolandAcquired by Lynx Trail Capital (Michal Lukasz Kaminski and Constantin Marek). Backed by Amarant Capital Family Office, Claus von Loeper, Constance Gachowski, Edge Partners, Hanan Hallal, Heritage Holding, Joern Schmidt-Staade, Legacy Partners, Marek Dietl, Matthew Liebers, Michal Lapkowski. Source: https://searchfundsnews.com/lynx-trail-capital-acquires-100-of-polish-icea/2025Undisclosed
  56. 56Inspecs Group plcacquired by Luke Johnson and Ian Livingstone consortium (Bidco 1125 Limited) · Eyewear design and manufacturing · United KingdomAcquired by Luke Johnson and Ian Livingstone consortium (Bidco 1125 Limited). Source: https://www.investegate.co.uk/announcement/rns/inspecs-group--spec/recommended-acquisition-of-inspecs-group-plc/92881392025$115.3M
  57. 57Itegra Gestionaacquired by Enlace Capital · Insurance services · SpainValencia sports-insurance TPA / digital claims platform serving ~400,000 federation members Backed by Grupo Santa Marta. Source: https://www.grupoaseguranza.com/noticias-de-seguros/enlace-capital-adquiere-gestora-seguros-deportivos-itegra2025Undisclosed
  58. 58KKD GmbHacquired by Konkordia Unternehmensnachfolge · Fleet management and vehicle services · GermanyAcquired by Konkordia Unternehmensnachfolge. Backed by Istria Capital, Alza Capital Partners, Lineage, Forti Search Fund Partners. Source: https://searchfundsnews.com/konkordia-takes-over-german-kkd-gmbh/2025Target revenue exceeds €20M; deal price not disclosed
  59. 59La Salaacquired by Anval Capital · Agriculture · SpainGrafted horticultural plants producer (agro) Backed by Moonbase Capital, ONEtoONE Asset Management, Turtle Capital, Secways, Itaca Capital Partners. Source: https://searchfundsnews.com/miguel-angel-anton-co-founder-of-anval-and-co-ceo-of-la-sala/2025Undisclosed
  60. 60Let's Healthacquired by Acacia Capital · Healthcare marketing · SpainHealthcare marketing and communication agency for pharma (founded 2007) Backed by Alza Capital, Beka Finance, Cabiedes Inversiones, Enrique Locutura, Istria Capital, JB46, Jan Woitschatzke, Jürgen Rilling, León Bartolomé, Luis Camilleri. Source: https://searchfundsnews.com/acacia-capital-completed-the-acquisition-of-lets-health/2025Undisclosed
  61. 61Manufacturas Deportivasacquired by Albor Capital · Playground equipment · SpainCantabria playground, urban-furniture and sports-equipment maker; EUR6.8M revenue, EUR2.3M EBITDA (2023) Backed by Atiud Capital Center, Beka Alpha Search Funds, Beka Finance, Cabiedes Inversiones, David Urteaga (Urtelar Holding Empresarial). Source: https://searchfundsnews.com/albor-capital-closes-the-buyout-of-spanish-company-manufacturas-deportivas/2025~EUR8M
  62. 62Millenium Site Services and Millenium Propertiesacquired by Maple House Capital · Rail repair and refurbishment services · United KingdomAcquired by Maple House Capital (Innocent Udia). Backed by Richard Turner (Blackstone Advanced Technologies LLC), Wavebridge Capital (Giorgi Pailodze). Source: https://searchfundsnews.com/maple-house-capital-acquires-millenium-site-services-in-the-uk/2025a turnover of GBP15M and a Profit after Tax of GBP2.8M
  63. 63Napolillo Industryacquired by Fitex Capital · Industrial laundry services · ItalyAcquired by Fitex Capital (Daniele Schiavello and Giulio Marini). Backed by Agirax, Cerralvo Capital, Forti Search Fund Partners, Gernot Eisinger, Innesto Partners, Istria Capital, Jan Woitschaetzke, JB46, Juergen Rilling, Kinderhook Partners, Search Fund Capital, SFClub, Vito Giurazza. Source: https://searchfundsnews.com/italian-fitex-capital-acquires-the-industrial-laundry-napolillo-industry/2025Undisclosed
  64. 64Paul Mathew Transport Ltdacquired by Eyal Kaplan (Novastone Capital Advisors operator-led programme) · Specialist transport and warehousing logistics · United KingdomAcquired by Eyal Kaplan (Novastone Capital Advisors operator-led programme). Backed by Novastone Capital Advisors. Source: https://searchfundsnews.com/nca-entrepreneur-eyal-kaplan-acquires-uk-based-paul-mathew-transport-ltd/2025Undisclosed
  65. 65Pentatel Comunicacionesacquired by Sisal Capital · AV integration · SpainAudiovisual integration / IT infrastructure consultancy (clients: Bankinter, Santander, BBVA) Backed by Beka Alpha Search Funds, Cabiesa, LEN Investments, León Bartolomé, Enrique Locutura, Mugello Inversiones, Grupo Santa Marta, Alejandro Rodríguez Carmona. Source: https://searchfundsnews.com/sisal-capital-has-bought-an-sme-specializing-in-audiovisual-integration-in-spain/2025Undisclosed
  66. 66Pharmacom Handels GmbH and Binder Pharmaservices GmbHacquired by Lacus Legacy · Pharmaceutical distribution and data services · AustriaAcquired by Lacus Legacy. Backed by Alza Capital Partners, Ambit Partners, The Cromwell Harbor, Evolutiq, Istria Capital, JB46, Lineage, RP Global, Scipio Swanlaab, TTCER Partners. Source: https://searchfundsnews.com/lacus-legacy-closed-one-of-the-largest-sf-acquisitions-in-europe/2025Undisclosed
  67. 67Plásticos Hernanzacquired by KG Capital · Plastics manufacturing · SpainPlastic injection moulding (reusable HoReCa cups); EUR8.3M revenue, EUR3.6M EBITDA (2023) Backed by Beka Finance, Whitehole. Source: https://searchfundsnews.com/kg-capital-acquires-spanish-sme-plasticos-hernanz/2025<EUR10M
  68. 68Rolfrozacquired by Cedo Capital · Vegetable and fruit processing · PolandAcquired by Cedo Capital (Monika Wincel). Backed by Ambit Partners, Cerralvo Capital, Evolutiq, Innesto Partners, Istria Capital, Search Fund Pioneers, TTCER Partners. Source: https://searchfundsnews.com/cedo-capital-acquires-polish-rolfroz-in-one-of-the-largest-sf-transactions-in-europe/2025Undisclosed
  69. 69Rowleys of Northwichacquired by Mentmore Capital Partners · Commercial vehicle contract hire and fleet management · United KingdomAcquired by Mentmore Capital Partners. Backed by Triplepoint. Source: https://searchfundsnews.com/mentmore-capital-partners-acquires-rowleys-of-northwich/2025£5-10M annual turnover disclosed; deal price not stated
  70. 70SAMU (Soins des Arbres en Milieu Urbain)acquired by Ulam Transmission (Dimitri Novikov) · Tree pruning / arboricultural services · FranceAcquired by Ulam Transmission (Dimitri Novikov). Backed by SFClub, Cabiedes, Legacy Partners, 9T Capital, Peter's Troop, Artos. Source: https://searchfundsnews.com/ulam-transmission-takes-over-french-landscaping-company-samu/2025Not disclosed (target revenue ~€16M, ~20% EBITDA margin)
  71. 71Scottish Everlastingsacquired by Heronshaw Group · Artificial florals and home accessories · United KingdomAcquired by Heronshaw Group. Backed by HSBC (debt financing). Source: https://searchfundsnews.com/heronshaw-group-acquired-scottish-everlastings/2025Undisclosed
  72. 72Semilleros La Sala (Viveros La Sala)acquired by Anval Capital · Agriculture / horticulture · SpainHorticultural nursery producing grafted and vegetable seedlings for professional growers, 30+ years in business Backed by Itaca Capital Partners, Moonbase Capital, ONEtoONE Asset Management (ONEtoONE Great Searchers), Relay Investments. Itaca lists the seedling nursery 'Led by Anval Capital' linking to viveroslasala.com; Moonbase lists 'La Sala' among acquisitions and Anval's founders under ACQUIRED; ONEtoONE names Semilleros La Sala with CEOs Perez del Val & Anton. Relay backed the search phase. Source: https://itaca.capital/companies/2025Undisclosed
  73. 73Stilefacquired by Atlas Partners · Corrugated cardboard packaging · ItalyAcquired by Atlas Partners (Giacomo Maria Garbarino and Stefano Carpano). Backed by Alexander Kirn, Istria Capital, Juergen Rilling, Legacy Partners, Loris Lanzelloti, Marc Bartomeus, Novidam, Paolo Guida, Valmaris Private Investors, Vonzeo Capital. Source: https://searchfundsnews.com/atlas-partners-acquires-an-italian-cardboard-packaging-company/2025turnover of EUR15M in 2024 with a 20% EBITDA
  74. 74Termotur and Airnou (Grup Nextclima)acquired by Terra Firma Capital · HVAC (heating, ventilation, air conditioning) services · SpainAcquired by Marc Giné (Terra Firma Capital). Backed by Istria Capital, ONEtoONE Asset Management, Ethos Partners (now Orca Equity Partners), Beka Finance, Cabiedes Inversiones, Luis Camilleri, Secways, Turtle Capital, Xavier Pladellorens. Source: https://searchfundsnews.com/spanish-searcher-buys-2-companies-in-the-hvac-sector/2025Undisclosed
  75. 75Thillensacquired by Edessa Growth Partners · Armored car and cash logistics · United StatesAcquired by Edessa Growth Partners (Resit Melik). Backed by Alza Capital Partners, Ambit Partners, Blue Frame Capital, Eric Giesecke, Futaleufu Partners, Housatonic Partners, Kirk Riedinger, Liberty Search Ventures, Milk Street Ventures, Rob Cherun, Sidney Sommer, The Cromwell Harbor, TTCER Partners. Source: https://searchfundsnews.com/edessa-growth-partners-acquires-midwest-armored-services-provider-thillens/2025generates $36.2M in annual revenue
  76. 76Visual Counteracquired by Divisadero Capital · People-counting sensors and analytics · SpainAcquired by Divisadero Capital (Fernando Garcia Benavides). Source: https://searchfundsnews.com/divisadero-capital-acquires-spanish-engineering-company-visual-counter/2025Undisclosed
  77. 77Wu Consultingacquired by Bluffs Edge Partners · Business Services · United StatesSpecialized Biostatistics Support for Clinical Services2025Undisclosed
  78. 78Zeker & Mobielacquired by Tasman Succession · Plumbing and drain unblocking services · NetherlandsAcquired by Tasman Succession (Alex Gready and Berend Westerveld). Backed by Ambit Partners, Ethos Partners, JB46, Kinderhook Partners, Novidam, Scipio Holding. Source: https://searchfundsnews.com/tasman-succession-acquires-plumbing-company-in-the-netherlands/2025the transaction is estimated to be valued at under EUR20M
  79. 79AdComp Systems Groupacquired by Miller Family Legacy Partners · Software · United StatesNo public report of an acquisition of AdComp Systems Group by Murdoch Miller / Miller Family Legacy Partners was found. Public profiles describe AdComp as a New York-founded (1989) GovTech/payments software company serving cities, counties, utilities and courts, and one page names Mansur Plumber as founder and CEO, which predates ESP's listed 2024 investment. Seller, sourcing, financing and price 2024Undisclosed
  80. 80Adinoracquired by Pleamar Partners · Metal products · SpainValladolid maker of aluminium joinery/hardware for furniture and DIY; ~EUR10M revenue, ~20% EBITDA Backed by ALZA Capital Partners, Alza Capital Partners, Arada Capital Partners, Atiud, Atiud Capital Center, Beka Alpha Search Funds, Tres Coronas Capital, Turtle Capital. Source: https://searchfundsnews.com/pleamar-partners-completes-the-acquisition-of-adinor/2024Undisclosed
  81. 81Air Crew Academyacquired by Harbour Grove · Business Services · United StatesHarbour Grove, an aviation-focused holding company led by partners Alvin Wong and Jordan Huibers, announced a growth investment in Advanced Aircrew Academy (Aircrew Academy) in August 2024. The two became Co-CEOs, while founders Dan Boedigheimer and William Hattler stayed on as Chief Safety Officer and Strategic Advisor respectively. The Charleston, S.C. company, founded in 2006, provides self-pac2024Undisclosed
  82. 82Alonso Luz y Gasacquired by Pontem Capital · Installation services · SpainAragón electricity/gas/water installation and maintenance company; 70+ employees, ~EUR5.3M revenue Backed by Alex Tuya, Enrique Locutura, Iniginy Capital, Inversiones Cabiedes, Inversiones Cabiedes (Jose and Luis Martin Gutierrez de Cabiedes), Javier Martín Chocarro, Tomás Barrilero. Source: https://searchfundsnews.com/pontem-capital-acquires-spanish-company-alonso-luz-y-gas/2024~EUR4M (EV)
  83. 83Altro Pharmaceuticalsacquired by Aquimont Capital (per ESP listing; Aquimont is described in the release as a healthcare investment firm) · Business Services · United StatesAltro and Amici Pharmaceuticals are sister Long Island companies that source and market generic pharmaceuticals for companion pets and animals. In September 2024, RF Investment Partners announced a platform investment in both, described as flexible debt and equity capital to expand sourcing, manufacturing and distribution. RF partnered with New York healthcare investor Aquimont Capital (co-founder2024Undisclosed
  84. 84Amici Pharmaceuticalsacquired by Aquimont Capital (per ESP listing; unverified) · Healthcare Services · United StatesAmici Pharmaceuticals is a Long Island virtual manufacturer of niche generic pharmaceuticals and a sister company of Altro. In September 2024, RF Investment Partners announced a platform investment in Altro and Amici together, described as flexible debt and equity capital for sourcing, manufacturing and distribution. RF partnered with New York's Aquimont Capital (Aron Berke and Nick Lovejoy) and D2024Undisclosed
  85. 85Azeleracquired by Imagine+ Inversiones · Automotive software / marketplace · SpainSubscription ERP and marketplace for the reused auto-parts industry (280+ authorised dismantlers, 4,000 suppliers) Backed by Ambit Partners, Arada Capital Partners, Promax Capital Investments. Ambit's site data (JS bundle) states 'Nicolas Goni launched his search fund in 2021, Imagine+ ... He acquired Azeler in 2024'. Source: https://www.ambit.partners/2024Undisclosed
  86. 86Azeler Automociónacquired by Imagine+ Inversión · Automotive software · SpainSoftware/marketplace and ERP for scrapyards and recovered auto-parts distributors Backed by SFClub, Ambit Partners. Source: https://www.ambit.partners/our-companies/azeler2024Undisclosed
  87. 87Cartonajes Limousinacquired by Lemnos Capital · Packaging · SpainTolosa (Gipuzkoa) corrugated-cardboard packaging maker, 100+ years old; EUR11M sales Backed by 9T Capital, Atiud Capital, Atiud Capital Center, Beka Alpha Search Funds, Beka Finance (Beka Alpha Search Funds), Itaca Capital Partners, Moonbase Capital. Source: https://searchfundsnews.com/lemnos-capital-acquired-100-of-cartonajes-limousin/2024Undisclosed
  88. 88Community Resources and Support Servicesacquired by Freda Capital (per ESP partner listing) · Property Management · United StatesESP lists Community Resources and Support Services (CRSS), a provider of housing and support services for cognitively disabled adults in Canada, as a 2024 investment. ESP's partner page names Lisa Hooey as CEO, with the search fund Freda Capital, a Smith School of Business (Queen's University) background and an operating stage since 2022. Public web searches found no press release, trade article o2024Undisclosed
  89. 89Comprehensive Mobile Careacquired by Reservoir Partners (per ESP partner listing) · Healthcare Providers · United StatesESP lists Comprehensive Mobile Care, a portable medical specialty provider serving PACE centers, long-term care facilities and veterans homes, as a 2024 investment, and its partner page names Saad Hirani and Tanner Clawson as CEOs under the search fund Reservoir Partners (operating since 2023). A job-board profile describes the company as a family-owned mobile healthcare provider, operating since 2024Undisclosed
  90. 90ELTIacquired by Visconti Capital · Testing, Inspection & Certification · ItalyAcquired by Visconti Capital, backed by SCIPIO Holding Group and ONEtoONE Asset Management2024Undisclosed
  91. 91ExpensePointacquired by MKF Continuity · Financial Services · United StatesExpense and spend management solutions2024Undisclosed
  92. 92Fomento de Franquicias SLacquired by Global Vernius · Laundry services · SpainMadrid laundry services company for the hotel industry Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2024Undisclosed
  93. 93Growth 99acquired by Pracinco Management · Business Services · United StatesManagement Software & Marketing Solutions for Medical Practices2024Undisclosed
  94. 94Honolulu Ship Supply Co.acquired by Alpex Capital · Distribution · United StatesProduce distribution and food service supplier for cruise ships, tanker and tug boats2024Undisclosed
  95. 95HRtoGoacquired by Kirkmar LLC · Business Services · United StatesFull range human resource services and consulting2024Undisclosed
  96. 96Ibérica Semiconductores de Potencia (ISP)acquired by Kramer Inversiones · Electronics distribution · SpainPower-electronics representative/distributor; EUR13M revenue, 12% EBITDA margin Backed by Beka Alpha Search Funds, Cabiedes Inversiones, Tres Coronas, Mugello Inversiones, León Bartolomé. Source: https://searchfundsnews.com/kramer-inversiones-acquires-iberica-semiconductores-de-potencia-a-leading-power-electronics-distributor-in-spain/2024Undisclosed
  97. 97IMMSAacquired by Reforma Capital · Manufacturing · MexicoAcquired by Reforma Capital; co-invested alongside WSC & Company, Ambit Partners, JB46, Cerralvo Capital.2024Undisclosed
  98. 98Katonah Management Services, LLCacquired by Pando Root Capital · Property Management · United StatesHOA Management Company in the Hudson Valley2024Undisclosed
  99. 99Kollath CPAacquired by Savana Partners · Business Services · United StatesProvider of accounting, tax, payroll, and human resource services2024Undisclosed
  100. 100Metabolic Solutionsacquired by Cedrus Fund · Healthcare ServicesTesting for gene therapy and rare diseases2024Undisclosed
  101. 101Milton Educationacquired by Ada Capital · Edtech · SpainEducational publisher / edtech for English learning, 500+ schools; EUR3.5M revenue, EUR1.5M EBITDA (2023) Backed by Cerralvo Capital, George Jankovic, Kinderhook Partners, Mugello Inversiones, TTCER Partners, Tres Coronas. Source: https://searchfundsnews.com/spanish-sf-ada-capital-acquired-milton-education/2024Undisclosed
  102. 102Oakmont Educationacquired by Yellow Creek Search · Business Services · United StatesCharter school management company2024Undisclosed
  103. 103Pago de Tharsysacquired by Dangalena Capital · Wine · SpainRequena (Valencia) sparkling-wine (DO Cava) producer; ~EUR5M sales, ~EUR1.3M EBITDA Backed by Agirax, Cloudbreak, Mugello Inversiones, Novidam, Tres Coronas, Enrique Locutura, Ignasi Botet, Francisco Javier Peña, José Luis de Mora, León Bartolomé, Gernot Eisinger, Ángel Muñoz, Alejandro Rodríguez Carmona, Bart Van Hoek. Source: https://searchfundsnews.com/dangalena-capital-acquires-the-cornerstone-of-its-build-up-strategy-for-premium-wine-producers-in-spain/2024~EUR8M (EV)
  104. 104Premier Tree Specialistsacquired by Century House Partners · Property Management · United StatesComplete residential and commercial tree services2024Undisclosed
  105. 105Prestige Softwareacquired by Oportuna Capital · Hospitality software · SpainBarcelona hotel-management / PMS software provider (founded 1997) Backed by SFClub. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2024Undisclosed
  106. 106Saepio Information Securityacquired by Aurias · Technology/Security · United KingdomAcquired by Aurias, co-invested alongside Ethos Partners & Maven Equity Partners.2024Undisclosed
  107. 107The American Institute of Balanceacquired by Four-Factor Capital · Healthcare Services · United StatesNetwork of Neurodiagnostic & Rehabilitation Balance Specialists2024Undisclosed
  108. 108Trans Sevacquired by Grupo Bocanegra · Logistics · SpainAndalusian freight-transport and logistics company, 100+ vehicles, >EUR8M revenue Source: https://searchfundsnews.com/grupo-bocanegra-executes-acquisition-in-logistics-sector-in-record-time/2024Undisclosed
  109. 109Windmill Wellness Ranchacquired by Magnificent Legacy Capital · Healthcare Providers · United StatesAdvanced therapeutic techniques and Brain Frequency technology used to treat addiction2024Undisclosed
  110. 1101SEO Digital Agencyacquired by Skyharbor Capital Partners · Business Services · United StatesWe could not find public reporting on how ESP's 2023 investment in 1SEO Digital Agency was put together. The ESP partner listing names John Shoaf (Skyharbor Capital Partners, Columbia) as CEO, but no public source we found confirms that name or fund in connection with 1SEO; the 2026 coverage names BJ Bergey as CEO. The seller, sourcing, price and financing for the original deal are not publicly di2023Undisclosed
  111. 111360 Smart Networksacquired by 129 Growth Partners · Business Services · United StatesNo public reporting was found describing how 129 Growth Partners (Terrance Story, HBS) or ESP acquired 360 Smart Networks in 2023. What can be said: 360 Smart Networks is a Roswell, Georgia managed IT services provider founded in 2002. Third-party directories list Plexus Capital (and, per CB Insights, SNH Capital Partners) as investors, but these listings could not be reconciled with the ESP page 2023Undisclosed
  112. 112Amix (Amix Levante)acquired by Axias Partners · Healthcare / nutrition · SpainSports-nutrition products company Backed by Beka Alpha Search Funds, Istria Capital. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2023Undisclosed
  113. 113Amix Levanteacquired by Axias Partners · Sports nutrition distribution · SpainDistributor of the Amix sports-nutrition brand (supplements for athletes and sports clubs), Valencia region Backed by Promax Capital Investments, JB46, Istria Capital, ALZA Capital Partners, Atiud Capital Center, Beka Alpha Search Funds, Moonbase Capital. Registry (empresia.es/empresa/amix-levante/) shows Axias Search Partners SL as sole shareholder from 14 Sep 2023. Source: https://www.promaxcapitalinvestments.com/search-funds-variable2023Undisclosed
  114. 114Auto-Maticacquired by Aretê Management & Capital Partners · Automotive services · SpainMadrid automatic-transmission maintenance and repair specialist; ~EUR5M revenue, ~20% EBITDA Backed by Cabiedes, SFClub, Vonzeo Capital. Source: https://searchfundsnews.com/arete-management-capital-partners-acquired-the-spanish-firm-auto-matic/2023Undisclosed
  115. 115Avesta Ketamine & Wellnessacquired by Founder Focused Capital · Healthcare Providers · United StatesLittle about this deal is public. Deborah Tan, a Harvard Business School MBA who runs the search fund Founder Focused Capital (managing partner since October 2021 per her LinkedIn), is co-CEO of Avesta Ketamine & Wellness, a ketamine infusion clinic group in the Washington DC area. Avesta was founded in 2018 by Dr. Ladan Eshkevari, a nurse anesthetist and former Georgetown professor, who is still 2023Undisclosed
  116. 116BelleVie Wellness & Medical Aestheticsacquired by Azalea Growth Partners · Healthcare Providers · United StatesVery little about this acquisition is public. Olivia Utt, a Wharton MBA per ESP's partner listing, runs the search fund Azalea Growth Partners and is shown as CEO of Belle Vie Wellness & Medical Aesthetics, a medical spa group with locations in Cerritos and Costa Mesa, California offering injectables, skin resurfacing and body-shaping treatments. Crunchbase lists nurse practitioner Janell Ocampo a2023Undisclosed
  117. 117Big Box Storage LLCacquired by Glass Lake Holdings · Consumer Services · United StatesGlass Lake Holdings, a holding company led by Zack Perry and Brian Vanderheyden (ESP's partner listing shows both as co-CEOs of Big Box), bought Big Box Storage, a San Diego portable storage and delivery company founded in 2003. The sellers were co-founders Brian and Rita Hurley. The sale was run by investment bank SDR Ventures as exclusive sell-side advisor; Brian Hurley said that after a broad p2023Undisclosed
  118. 118BroadPeak Partnersacquired by Blue Glass Capital · Software · United StatesToby Kearn, a former ExxonMobil employee who ran its petroleum hedging program and a London Business School graduate per ESP's listing, bought BroadPeak Partners in August 2023, about two years after starting his search. BroadPeak, founded in 2007 by Gordon Allott, sells a no-code software platform that integrates data for commodity trading firms. Pacific Lake Partners announced the deal on Octobe2023Undisclosed
  119. 119Canadian Industrial Pumps Ltd.acquired by 302 Capital Partners (per ESP Partners page and Searcher Insights listing; unverified) · Distribution · United StatesCanadian Industrial Pumps, a Surrey, British Columbia seller and servicer of centrifugal, submersible and positive displacement pumps founded in 2000, is led by CEO Troy Minogue, CFA. ESP's Partners page ties Minogue to the search fund 302 Capital Partners, and a Searcher Insights page lists the company as a successful search fund deal under that name. A separate November 2024 LinkedIn announcemen2023Undisclosed
  120. 120CatchAll Environmentalacquired by Fairview Succession LLC (Tacoma, Washington; formed 2021 to invest in water and waste services, per Axial) · Business Services · United StatesFairview Succession, a Tacoma, Washington search fund formed in 2021 to invest in water and waste services, acquired CatchAll Environmental in 2023, according to its Axial profile. CatchAll, founded in 2010 and also in Tacoma, does stormwater drainage maintenance such as pipe jetting, storm filter cleaning, pond remediation and video inspection, and PitchBook counts about 19 employees. Fairview po2023Undisclosed
  121. 121Dental Ibéricaacquired by Almond Capital · Dental distribution · SpainDental materials distributor, 35,000 SKUs, ~9,000 clients; EUR20M sales, ~EUR2M EBITDA Backed by Nzyme. Source: https://searchfundsnews.com/sf-almond-capital-relies-on-nzyme-to-acquire-dental-iberica/2023Undisclosed
  122. 122ElderTreeacquired by Bolivar Progress Partners · Healthcare Providers · United StatesCare management solutions for older adults2023Undisclosed
  123. 123Elk Analyticsacquired by Alma Capital Partners · Information Technology · United StatesMonitoring, Detecting & Responding to Critical Cyber Threats2023Undisclosed
  124. 124Fasten Sistemasacquired by Surca Capital · Industrial · SpainIndustrial fastening systems Source: https://blog.zriveapp.com/p/como-llegar-a-ceo-antes-de-los-352023Undisclosed
  125. 125Foster Heating and Coolingacquired by 302 Capital Partners · Business Services · United StatesResidential and commercial HVAC services2023Undisclosed
  126. 126Industrias del Bierzo (IBSA)acquired by Antesala Capital · Food manufacturing · SpainCaramelised products and preserves for HORECA (add-on to Cropsalsa) Backed by Beka Alpha Search Funds, ONEtoONE Asset Management. Source: https://searchfundsnews.com/beka-alpha-search-funds-has-invested-in-6-spanish-smes-in-less-than-2-years/2023Undisclosed
  127. 127LabSharesacquired by Philip Borden · Life Sciences Shared Lab Space · United StatesAcquired by Philip Borden with backing from Pacific Lake Partners2023Undisclosed
  128. 128Leaseiracquired by Nobis Capital · Medical devices · SpainGijon-based designer and manufacturer of high-power diode laser hair-removal devices for aesthetic and medical use; sold to Mesia 523 Asset Management SL in Dec 2025 per registry (empresia.es/empresa/leaseir-technologies/) Backed by Moonbase Capital, JB46, Relay Investments, Istria Capital, Promax Capital Investments. Source: https://moonbasecapital.com/from-search-to-acquisition-how-nobis-capital-secured-leaseir-and-began-a-new-chapter/2023Undisclosed
  129. 129Leaseir Medical Lightacquired by Nobis Capital · Medical devices · SpainGijón designer/manufacturer of laser hair-removal medical devices Backed by Moonbase Capital, Istria Capital, Relay Investments. Source: https://moonbasecapital.com/from-search-to-acquisition-how-nobis-capital-secured-leaseir-and-began-a-new-chapter/2023Undisclosed
  130. 130Libnovaacquired by Arcadio Investments · Software · SpainGlobal leader in digital-preservation software, present in 20 countries Backed by Arada Capital Partners, Relay Investments. Source: https://capital-riesgo.es/en/articles/arcadio-capital-respaldada-entre-otros-por-arada-capital-compra-la-tecnol-gica-espa-ola-libnova/2023Undisclosed
  131. 131Mudshareacquired by Lionfield Capital LLC · Software · United StatesMarketing technology company that specializes in Peer-to-Peer Texting2023Undisclosed
  132. 132North Valley Pediatric Therapyacquired by People First Capital LLC · Healthcare Providers · United StatesProvider of a full scope of therapy services to children and adolescents2023Undisclosed
  133. 133Novas & Maracquired by Verus Inversiones · Food distribution · SpainFood distribution Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2023Undisclosed
  134. 134Out of the Box Technology LLCacquired by CrestLake Partners · Business Services · United StatesProvider of bookkeeping services specializing in QuickBooks data integrations2023Undisclosed
  135. 135Pelvic Health Solutionsacquired by Nine Oaks Partners LLC · Healthcare Providers · United StatesProvider of medical treatment for pelvic floor conditions2023Undisclosed
  136. 136Provis (ProviSport)acquired by Aqua Capital Partners · Software · SpainGym and sports-facility access-control and management software, 1,400+ centres Backed by Promax Capital Investments, JB46, MAYRIT Capital Partners. Source: https://www.promaxcapitalinvestments.com/search-funds-variable2023Undisclosed
  137. 137ProviSportacquired by Aqua Capital Partners · Software · SpainSoftware Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2023Undisclosed
  138. 138Rafe Demolicionesacquired by J Capital Partners · Construction · SpainDemolition / construction services Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2023Undisclosed
  139. 139Safetop Innovative Protectionacquired by Luceiro Capital · Industrial safety · SpainIndustrial fall-protection / PPE manufacturer Backed by ALZA Capital Partners, Atiud Capital Center, Tres Coronas Capital. Source: https://luceirocapital.com/en/noticias/legaldealmaker240323.html2023Undisclosed
  140. 140Seysesacquired by Albion Capital · Engineering services · SpainSpanish engineering multinational focused on O&M of PV and wind assets Backed by Atiud Capital Center, Juan Luis Manaute, Novadvice (NovEtA), Novastone Capital Advisors, Novastone Capital Advisors (NCA). Source: https://www.creainversion.com/en/seyses-2023-04-01/2023Undisclosed
  141. 141TC Componentesacquired by Somontano Capital · Electronic components distribution · SpainElectronic components distributor Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2023Undisclosed
  142. 142Therapy Group of Tucsonacquired by People First Capital LLC · Healthcare Providers · United StatesProvider of medically-based speech, occupational, and ABA therapy services2023Undisclosed
  143. 143TodoExtintor and Seguretat SM Alcarràsacquired by Versa Capital · Fire safety · SpainFire-equipment manufacturer (EUR8M sales) and gas-extinguishing services firm (EUR1.5M) Backed by ALZA Capital Partners, Alza Capital Partners, Cabiesa Capital, Ethos Search Capital, Istria Capital, Novidam, Sentinel, Tres Coronas Capital. Source: https://searchfundsnews.com/versa-capital-completes-its-search-process-with-the-acquisition-of-todoextintor-and-seguretat-sm-alcarras/2023Undisclosed
  144. 144Westisle Heating and Coolingacquired by 302 Capital Partners · Business Services · United StatesResidential and commercial HVAC services2023Undisclosed
  145. 145Aspire Home Healthcareacquired by Birch Heritage Partners (per search fund case-study listing) · Healthcare Providers · United StatesA search-fund case-study listing credits Birch Heritage Partners with acquiring Aspire Home Healthcare, a Morton Grove, Illinois orthopedic in-home care provider founded in 2010. ESP's listing names Michael Simms and Richard Si (both Kellogg) as co-CEOs. The case-study page itself was unreadable, and other directories conflict (PrivateEquityInfo lists Snowdon Partners; CB Insights lists Maven Equi2022Undisclosed
  146. 146Bike Ocasiónacquired by Taurus Capital · Circular-economy retail · SpainOmnichannel refurbished-bicycle retailer, Spain's market leader Backed by Istria Capital, Cerralvo Capital, Liberty Search Ventures, Alza Capital Partners, Afinum, JB46, Vonzeo Capital, Luis Camilleri, Fernando Herrero, Paz Ambrosy. Source: https://searchfundsnews.com/2nd-exit-in-spain-in-2024-seaya-andromeda-acquires-70-stake-in-bike-ocasion/2022Undisclosed
  147. 147Cerboacquired by Beachton Capital Partners / Beachton Capital Fund · Software · United StatesCerbo, which makes EHR and practice management software for functional and integrative medicine practices, was acquired by Beachton Capital Fund, according to a Searcher Insights deal listing seen in search results (the page itself was a placeholder when I opened it). ESP's Partners page names Jonathan and Courtney Dunn of Beachton Capital Partners as CEO and President, and lists ESP's investment 2022Undisclosed
  148. 148Charter Impactacquired by Mercator Search Group (Denver) · Software · United StatesDenver search fund Mercator Search Group acquired Charter Impact on November 7, 2022, per PrivSource. Charter Impact is a California provider of outsourced accounting, payroll and back-office services for charter schools and education nonprofits. Terms and the seller were not disclosed. Mercator said it planned to track operations more closely, add marketing and expand nationally while preserving 2022Undisclosed
  149. 149CITTA Brokerage Co.acquired by The Staverton Group, LLC (owner-operator vehicle, Salt Lake City, founded by Sorenson) · Business Services · United StatesThe Staverton Group LLC, a Salt Lake City owner-operator vehicle founded by Scott Sorenson, acquired CITTA Brokerage Company on December 31, 2022. CITTA is an Ogden, Utah customs brokerage specializing in duty drawback, classification and 301 exclusion piggybacking. Woodbridge International represented the sellers and announced the deal. The sellers are described only as CITTA's owners, and financ2022Undisclosed
  150. 150Concierge Plusacquired by Arnell Capital (Chicago-based investment firm) · Software · United StatesIn October 2022, investment bank Origin Merchant Partners announced that Concierge Plus Inc., a Florida-headquartered property-management software provider, had entered a strategic partnership with Arnell Capital, a Chicago-based private investment firm; Origin acted as exclusive financial advisor to Concierge Plus, so the deal appears to have come through a banker-run sale process. ESP lists its 2022Undisclosed
  151. 151Cropsalsaacquired by Antesala Capital · Food manufacturing · SpainArganda del Rey (Madrid) maker of custom sauces for food industry and HORECA Backed by Beka Alpha Search Funds, ONEtoONE Asset Management, Cabiedes Capital. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2022Undisclosed
  152. 152Cropsalsa (now Grupo Cropfoods)acquired by Antesala Capital · Food manufacturing · SpainMadrid maker of custom sauces for Horeca chains and food industry (~EUR 12M sales at acquisition); later merged with IBSA into Cropfoods Backed by JB46, ONEtoONE Asset Management (ONEtoONE Great Searchers), Itaca Capital Partners, ALZA Capital Partners, Beka Alpha Search Funds. Registry shows Antesala Cap SL as sole shareholder of Cropsalsa SA from 20 Apr 2022 with Bolivar and Casanovas as joint directors. ONEtoONE names Cropfoods CEOs Borja Bolivar / Josep Martinez (Casanovas). Source: https://www.empresia.es/empresa/cropsalsa/2022Undisclosed
  153. 153Eleven Softwareacquired by Ven Capital Partners · Software · United StatesManaged WiFi platform integrating WiFi into property management systems, loyalty databases, CRM’s, and social profiles2022Undisclosed
  154. 154Environmental Monitoring and Technologies (EMT)acquired by Fairview Succession LLC · Building Services · United StatesAnalytical laboratory and field sampling services2022Undisclosed
  155. 155EvoTextacquired by Aurora Growth Partners · Software · United StatesContent Management System (“CMS”) that allows content publishers to develop, manage, and deliver their content to K-12 public school districts2022Undisclosed
  156. 156GLP Canadaacquired by Stratos Growth Partners · Business Services · United StatesHVAC Distribution serving the Canadian market2022Undisclosed
  157. 157Grupo OHI (Odontología Hospitalaria Integral)acquired by Albatros Equity · Healthcare · SpainHospital dentistry group Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2022Undisclosed
  158. 158Objective Management Groupacquired by Fairfield Enterprises · Building Services · United StatesIndustry leader in sales force evaluations and sales candidate screening2022Undisclosed
  159. 159PageVaultacquired by Woodland Coast · Software · United StatesSoftware enabling legal professionals to capture web content2022Undisclosed
  160. 160Recambio Fácilacquired by Emptio Capital · Automotive marketplace · SpainSpain's leading online automotive spare-parts marketplace/SaaS (~500k transactions, ~EUR40M GMV in 2022) Backed by Beka Alpha Search Funds, Tres Coronas Capital. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2022Undisclosed
  161. 161Termopackacquired by Road Capital · Packaging · SpainIndustrial packaging manufacturer Backed by Turtle Capital. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2022Undisclosed
  162. 162Apexacquired by Heritage Operating Partners · Business Services · United StatesNo public report of the acquisition of Apex Leadership Co. was found. A podcast summary describes Jamie Krasnov as CEO and says he founded Heritage Operating Partners, a PE firm focused on franchisors, before joining Apex; a PR Newswire release reports 30% year-over-year growth in Q3 and campaigns at roughly 200 schools. Seller, sourcing, financing and price are not publicly disclosed.2021Undisclosed
  163. 163AQC Traffic Controlacquired by BlackRiver Growth Partners (per search fund case-study listing) · Building Services · United StatesA search-fund case-study site lists AQC Traffic Control as acquired by BlackRiver Growth Partners, and a PE directory places AQC in Atlanta serving the Southeast with a search fund owner. The case-study page itself was not readable, so the seller, sourcing, price, financing and co-investors are not publicly disclosed in what we found. ESP's page names Marcus Rush (Stanford GSB) as CEO; no independ2021Undisclosed
  164. 164Axero Solutionsacquired by West Fourth Partners (per ESP's partner listing) · Software · United StatesAdam Ilowite and Michael Upex, two search fund entrepreneurs, took over Axero Solutions, an Austin-based intranet and digital workplace software company, in mid-2021. A podcast summary says they began searching in April 2020, searched about 14 months and closed around the end of June 2021 after signing two letters of intent. Axero's August 9, 2021 announcement described the funding as growth inves2021Undisclosed
  165. 165Business Software Groupacquired by Ventura · Software · SpainSoftware company Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2021Undisclosed
  166. 166Canyonlands Campsacquired by Canyonlands Fund · Travel & Entertainment · United StatesESP lists Canyonlands Camps, an operator of youth summer camps in North America, as a 2021 investment. ESP's Partners page names Caroline Matthews and Connor McCarthy, both Stanford GSB, as Co-CEOs through their search fund, Canyonlands Fund. I searched for press, case studies or announcements about the acquisition and found nothing that describes it: no seller, price, financing, lenders or sourci2021Undisclosed
  167. 167CarDataacquired by Spruce Grove Capital (Toronto, founded 2019) · Business Services · United StatesCarData Consultants is an Oakville, Ontario provider of vehicle reimbursement program management for commercial customers. ESP lists a 2021 investment and shows Michael Levine and Sheret Ross, of the Toronto search fund Spruce Grove Capital, as former CEOs. Aggregator sites report that Spruce Grove made a growth investment in CarData in March 2021, amount undisclosed, to fund expansion in North Am2021Undisclosed
  168. 168Central Storage & Warehouseacquired by Thomas Street Partners · Business Services · United StatesCentral Storage & Warehouse, a provider of temperature-controlled warehousing in Wisconsin, is held by the Thomas Street Partners search fund, per a Searcher Insights listing that names Sam Krieg and Hill Hamrick. ESP lists its investment as 2021. A 2024 Refrigerated Frozen Foods article identifies Krieg as co-CEO. Older articles from around 2009 show a different CEO, John Winegarden, so the busin2021Undisclosed
  169. 169Cinergiaacquired by Sotavento Capital · Test & measurement equipment · SpainBarcelona designer of AC/DC power-electronics test equipment for EVs, renewables and smart grids, sold to R&D labs worldwide Backed by Itaca Capital Partners, ALZA Capital Partners, Promax Capital Investments. Source: https://itaca.capital/companies/2021Undisclosed
  170. 170Cinergia Power Solutionsacquired by Sotavento Capital · Power electronics · SpainBarcelona custom power-electronics solutions maker (founded 2008) Backed by Inversiones Cabiedes, Itaca Capital, Marc Bartomeus (Albira Investments), Marion Equity Partners (Mark and Bill Egan), AI Global (José Moreno), Simon Webster, Tom Hendrickx, Will Thorndike. Source: https://capital-riesgo.es/en/articles/dla-piper-asesora-al-search-fund-sotavento-capital-en-la-compra-de-cinergia-power-solutions/2021Undisclosed
  171. 171Demarka S.A.acquired by Lemuy Group · Distribution · ChileLemuy Group acquired 80% of Demarka, an industrial labelling and office supplies company.2021Undisclosed
  172. 172DriveSafeacquired by Alnes Capital LLC (per ESP partner listing); a Preqin preview instead names Trilogy Search Partners as acquirer (unverified) · Consumer Services · United StatesESP lists DriveSafe, which calls itself Colorado's largest driving school, as a 2021 investment, and its partner page names Tariro Goronga (Harvard Business School, Alnes Capital, since 2020) as CEO. DriveSafe operates under Baron Education / Baron Investments, LLC in Greenwood Village, CO, with roughly a dozen locations; a Preqin preview says the company was acquired by Trilogy Search Partners, w2021Undisclosed
  173. 173DSD Partnersacquired by Parkhill Capital (per ESP partner listing) · Business Services · United StatesESP lists DSD Partners, a technology solutions and services provider to retailers, distributors and manufacturers, as a 2021 investment, and its partner page names Mark Devooght (Dartmouth, Parkhill Capital, since 2021) as CEO. The company's site confirms Devooght as CEO and says a 2024 merger with GlobalWorx (the page says the company 'Tactiq' completed it) combined two technology providers, reac2021Undisclosed
  174. 174Earth Development, Inc.acquired by Crosswalk Capital · Business Services · United StatesVendor procurement company providing commercial facilities management with a specialization in supporting multi-site organizations2021Undisclosed
  175. 175Ennoble Careacquired by Circa Health · Healthcare Providers · United StatesHome health and hospice care2021Undisclosed
  176. 176Falcon Security Hubacquired by Africa Search Capital · Electronic Security · South AfricaAcquired via Africa Search Capital (ASC), backed by Ambit Partners.2021Undisclosed
  177. 177Farmacia de Daltacquired by Jan Nikolaisen (NCA entrepreneur) · Healthcare · SpainPharmacy / healthcare Backed by Novastone Capital Advisors (NCA). Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2021Undisclosed
  178. 178Gesinflot (TDI Técnicas de Ingeniería)acquired by Eon Partners · Transport software · SpainFleet-management SaaS for long-distance freight transport; >25,000 connected devices Backed by José Cabiedes, Daniel Escanciano, Fernando Herrero, Enrique Locutura. Source: https://www.merca2.es/2021/10/07/eon-partners-tdi-liderar-mercado-europeo-gestion-flotas-transporte-762318/2021Undisclosed
  179. 179Grabalfaacquired by D'Ella Capital · Printing services · SpainPre-press services for packaging / graphic supply chain Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2021Undisclosed
  180. 180Grupo Espiral MSacquired by Tilden Capital · Software · SpainSoftware company Backed by Relay Investments. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2021Undisclosed
  181. 181Grupo Espiral MS (Proactivanet / Prosafety)acquired by Tilden Capital · Software · SpainAsturias software group: ProactivaNet IT asset/service management and Prosafety EHSQ software Backed by Istria Capital, JB46, Relay Investments, ALZA Capital Partners. Proactivanet: 'In 2021, Tilden Investments, headed by its new CEO Alvaro de Rivera, made an important investment'. Registry (empresia.es/empresa/espiral-microsistemas/) shows Tilden Investments SL as sole shareholder. Source: https://www.proactivanet.com/en/about-us/2021Undisclosed
  182. 182IESMATacquired by Signatus Capital · Scientific Instrumentation · SpainAcquired by Signatus Capital (led by Enrique Sales), backed by ITACA Capital Partners and Arada Capital Partners2021Undisclosed
  183. 183IML (Instituto Médico Láser)acquired by Arista Partners · Healthcare · SpainMadrid aesthetic-medicine and laser clinic (founded 1996) Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2021Undisclosed
  184. 184Kapalua Tradingacquired by Navega Capital · Consumer products · SpainConsumer products company Source: https://www.elespanol.com/invertia/mis-finanzas/fondos-de-inversion/20240521/alaluz-capital-mueve-fondo-search-funds-captar-millones-euros-comprar-pymes/856664791_0.html2021Undisclosed
  185. 185Lion Industrial Resourcesacquired by Seneca Trails Capital · Waste Management · United StatesEnvironmental services and industrial waste management2021Undisclosed
  186. 186maxRTEacquired by Northern Pine Partners, LLC · Software · United StatesSelf-pay and revenue cycle management services2021Undisclosed
  187. 187Meridian Titleacquired by Armatage Capital · Business ServicesTitle and escrow services for the real estate industry2021Undisclosed
  188. 188NortConsulting (Norconsulting)acquired by Bogo Inversión · Technology · SpainTechnology consulting Backed by Juan Cuesta. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2021Undisclosed
  189. 189OneSourceacquired by Search Fund Accelerator · Business Services · United StatesOutsourced IT services for small and medium businesses2021Undisclosed
  190. 190PrecisionMed, Inc.acquired by West-Atlantic Partners · Healthcare Services · United StatesPremier biobank and supplier of human biological material for biomedical research2021Undisclosed
  191. 191Salvavidas Cardio (Anek S3)acquired by Vesta Capital Partners · Healthcare · SpainAED / cardio-protection-as-a-service and training; EUR5-6M revenue Backed by ALZA Capital Partners, Alza Capital Partners, Cabiedes Capital, Istria Capital, JB46, Juergen Rilling, Pacific Lake Partners, Relay Investments. Source: https://searchfundsnews.com/another-exit-in-spain-salvavidas-cardio-acquired-by-safe-life/2021Undisclosed
  192. 192Semifyacquired by Broadtree Partners · SEO/Digital Marketing Agency Services · United StatesAcquired by Broadtree Partners, backed by Dellin Investments2021Undisclosed
  193. 193Softripacquired by Forest Park Capital · Software · United StatesBusiness software for tour operators2021Undisclosed
  194. 194Sunscape Landscapingacquired by Parkland Field Management · Property Management · United StatesCommercial and residential landscaping services2021Undisclosed
  195. 195Tortorella Groupacquired by Big Branch Capital LLC · Property Management · United StatesPool construction and maintenance2021Undisclosed
  196. 196Aymiraacquired by Laurel Tree Partners · Healthcare Providers · United StatesSiblings Dennis Lally and Jenna Lally Whigham launched the search fund Laurel Tree Partners in May 2019 and, after a 16-month search, acquired Aymira in October 2020. Aymira, a Charlotte, North Carolina behavioral health agency serving people with intellectual and developmental disabilities (and owner of the OnTarget electronic health record platform), had been founded in 2002 by Lewis Quinn. On N2020Undisclosed
  197. 197Cicero Therapiesacquired by Forge Partners · Healthcare · United StatesAcquired by Forge Partners; pediatric speech pathology/OT clinics.2020Undisclosed
  198. 198Cicero Therapiesacquired by Forge Partners (a Dealroom profile describes a network of mission-driven pediatric therapy practices in the Eastern U.S., HQ listed in Atlanta) · Healthcare Providers · United StatesCicero Therapies is a behavioral and pediatric therapy provider that ESP lists as a 2020 investment, with Taylor Davidson as CEO and Grant Schafle as President of Forge Partners, both Stanford GSB per ESP's Partners page. A directory describes Cicero as a group of pediatric speech, occupational and behavioral therapy clinics in the eastern and southeastern U.S. and lists Housatonic Partners as its2020Undisclosed
  199. 199Contract Sweeping Services, LLCacquired by Broadtree Partners LLC (Saxena is Operating Partner & Principal) · Business Services · United StatesIn January 2021 Broadtree Partners, with True West Capital Partners, bought two Northern California municipal sweeping firms, Contract Sweeping Services and Statewide Construction Sweeping, from second-generation owners Joe and Gina Vella, whose father Leonard founded the businesses. The two were combined under a new holding company, West Sweeping Services Holdings. Senior debt came from Bank Prov2020Undisclosed
  200. 200CTAIMAacquired by Baluarte Capital · Compliance SaaS · SpainTarragona cloud software for contractor compliance / supply-chain risk management; ~EUR8M revenue at acquisition Backed by ALZA Capital Partners, Alza Capital Partners, Istria Capital, JB46, Kinderhook Partners, Promax Capital Investments, Relay Investments, Saltoun Capital Partners, WSC & Company. Source: https://searchfundsnews.com/investors-in-baluarte-capital-achieved-one-of-their-most-successful-returns-by-exiting-ctaima/2020Undisclosed
  201. 201Echosec Systemsacquired by Tusker Fund · Information Services · United StatesCyber threat management services2020Undisclosed
  202. 202ENEB (Namencis Education)acquired by Namencis Capital · Online education · SpainOnline business-school group (ENEB, ISEB, ESIE, IEAD); EUR4.5M revenue, EUR1.3M EBITDA in 2020 Backed by Cerralvo Capital, Enrique Locutura, José María Clotet. Source: https://searchfundsnews.com/namencis-education-marks-the-7th-spanish-exit-of-2025/2020Undisclosed
  203. 203Facilities Survey, Inc.acquired by Seely Partners Capital · Software · United StatesPremier provider of compliance-oriented asset and maintenance management for hospitals2020Undisclosed
  204. 204HRTMSacquired by KeelBoat Capital, LLC · Software · United StatesHR job description management software.2020Undisclosed
  205. 205Integrated Computer Systems, Inc.acquired by Sierra Madre Group · Software · United StatesSoftware for first responders enabling computer-aided dispatch, mobile data access and records management.2020Undisclosed
  206. 206ISPN, Inc.acquired by 20 South Partners, LLC · Business Services · United StatesTurn-key ISP solutions including rural broadband operators services such as managed server solutions, technical support, hosted email services, network diagnostics and network engineering.2020Undisclosed
  207. 207NovoPathacquired by Victoriaside Capital · Software · United StatesSoftware for workflow management at pathology labs.2020Undisclosed
  208. 208OneShield Softwareacquired by Goldmatch Capital Partners · Software · United StatesSoftware for the insurance and financial services industries, enabling enterprise-class policy management, billing, claims, rating, product configuration, business intelligence, and analytic solutions.2020Undisclosed
  209. 209Plásticos Ariasacquired by Vigía Capital · Plastics manufacturing · SpainGalician plastics manufacturer Backed by Juan Cuesta. Source: https://www.elespanol.com/invertia/mis-finanzas/fondos-de-inversion/20240521/alaluz-capital-mueve-fondo-search-funds-captar-millones-euros-comprar-pymes/856664791_0.html2020Undisclosed
  210. 210SafeLogicacquired by Bells and Bear · Software · United StatesEncryption software and services2020Undisclosed
  211. 211Statewide Construction Sweeping, LLCacquired by Broadtree Partners · Business Services · United StatesLargest construction sweeping company in California2020Undisclosed
  212. 212Swoogoacquired by Eagle Rock Capital · Software · United StatesEvent management software platform.2020Undisclosed
  213. 213The Shandy Clinicacquired by Buck Jack Capital · Healthcare Providers · United StatesColorado-based outpatient therapy clinic providing therapy solutions to children with autism.2020Undisclosed
  214. 214The Skin Center Holdings, LLC (TSC)acquired by Bridgeway Management LLC · Healthcare Providers · United StatesMulti-site dermatology practice offering a range of skin treatments including Botox, fillers, laser treatments, and cosmetic surgery.2020Undisclosed
  215. 215The Umai Groupacquired by Tagus Capital · Restaurants · SpainRestaurant chain Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2020Undisclosed
  216. 216Wolin Design Groupacquired by Lynwood Street Capital, LLC · Software · United StatesWarehouse management software.2020Undisclosed
  217. 217Agasusacquired by Voke · Computer Leasing/Resale · BrazilVoke's searchers invested in Agasus; revenue grew from ~R$45M to ~R$543M.2019Undisclosed
  218. 218Auronixacquired by Dhandho · IT/Telecom · MexicoCo-invested with Applied Equity Partners, BK Growth, Futaleufu Partners, Partner Ventures, WSC & Company (via Dhandho).2019Undisclosed
  219. 219Bio Behavioral Instituteacquired by New Endurance Capital · Healthcare Services · United StatesAlmost nothing about how this deal was done is publicly documented. Ryan Crago, through his search vehicle New Endurance Capital (and an IESE Business School background per ESP), is CEO of Bio Behavioral Institute, a Great Neck, New York clinic providing evidence-based treatment for OCD, anxiety and other mental health disorders. Directory sites say the practice dates to 1979 and list Crago as own2019Undisclosed
  220. 220Broughton Pharmaceuticals, LLCacquired by SL Group, LLC · Wholesaler · United StatesSL Group, LLC bought Broughton Pharmaceuticals, a Savannah, Georgia wholesale distributor of pharmaceutical and surgical consumables founded in 2002. EdgePoint, an M&A advisory firm, announced the deal and says it was the exclusive financial advisor to Broughton, which suggests the company was sold through an advisor-run sale process. EdgePoint describes SL Group as a New York-headquartered privat2019Undisclosed
  221. 221Capin-Vyborny, LLCacquired by NEXU Partners (Dallas, Texas search fund; IESE graduate per ESP) · Business Services · United StatesJean-Paul Destarac runs Capin-Vyborny, a US customs brokerage and logistics firm based in Phoenix, Arizona, as CEO and owner. Before the acquisition he was managing partner of NEXU Partners, a Dallas-based search fund. A Searchfunder event page for a May 19, 2021 'How I Bought This' session with Destarac confirms this background but does not say who sold the company, how it was found, how it was f2019Undisclosed
  222. 222Frenkitacquired by A&M Partners · Automotive components · SpainBrake and clutch repair kits manufacturer, Puente la Reina (Navarra); >90% exports Backed by ALZA Capital Partners. Source: http://www.posventa.com/es/notices/2019/03/el-search-fund-a-m-partners-se-hace-con-frenkit-57897.php2019Undisclosed
  223. 223Grupo Logiscenteracquired by Asta Capital · B2B e-commerce / AIDC · SpainMadrid B2B e-commerce distributor of AIDC/barcode/RFID equipment; EUR11.5M revenue, EUR1.8M EBITDA (2018) Backed by Antonio Beltrán, Atiud Capital Center, Cabiedes Inversiones, Fernando Herrero, Istria Capital, JB46, Luis Camilleri. Source: https://searchfundsnews.com/the-entry-of-levata-into-grupo-logiscenter-marks-one-of-the-most-successful-exits-in-spain/2019Undisclosed
  224. 224Hydro Flow Products, Inc.acquired by Springline Partners, LLC · Wholesaler · United StatesLeading provider of fire hose related products.2019Undisclosed
  225. 225Lorman Education Groupacquired by Trailview Partners, LLC · Business Services · United StatesProvider of compliance based corporate continuing education training courses and resources.2019Undisclosed
  226. 226Quality Coding Software Solutions, LLCacquired by Ardlock, LLC · Software · United StatesCost management software solutions for the managed care industry.2019Undisclosed
  227. 227Redline Automotive Merchandising, LLCacquired by Exit Plan Capital, LLC · Business Services · United StatesPhotography services for dealerships including lot photography, digital marketing, and software solutions.2019Undisclosed
  228. 228Stat Pads, LLCacquired by Uinta Capital, LLC · Business Services · United StatesAutomated External Defibrillator program management and safety company2019Undisclosed
  229. 229The Vasectomy Clinic Inc. (dba Dr. Snip)acquired by Dhandho · Healthcare Providers · United StatesIndependent vasectomy and men's health care private practice in Seattle.2019Undisclosed
  230. 230Utility Cloudacquired by Blue Range Capital, LLC · Software · United StatesSoftware solutions for tracking regulated assets including facilitating field work, inspections, and reporting.2019Undisclosed
  231. 231Vozitel and Cristalwareacquired by Syna Capital · Contact-center software · SpainVozitel: omnichannel CCaaS/AI contact-center software; Cristalware: customer-loyalty legal consultancy Backed by Alza Capital Partners, JB46, Kavnish Capital Partners, AIJ Global, Luis Camilleri, Fernando Herrero, Jesús Alonso, Félix Capell, Paz Ambrosy, Robert Monks. Source: https://searchfundsnews.com/another-successful-exit-in-spain-vozitel-joins-the-everfield-ecosystem/2019Undisclosed
  232. 232AspenRidgeacquired by Denali Capital Partners (per ESP listing; unverified) · Healthcare Providers · United StatesNo public source was found describing how AspenRidge Recovery, a Colorado drug and alcohol treatment provider, was acquired in 2018. PitchBook calls it PE-backed (founded 2015, Lakewood CO) and PrivateEquityInfo lists WSC & Company as owner, which may not reflect the ESP deal. ESP's listing names Ethan Castro (Kellogg) as former CEO under Denali Capital Partners; nothing found confirms that. Selle2018Undisclosed
  233. 233Automotive Business Solutions (ABS)acquired by Cambium Equity Partners (acquired via newly formed ABS Operations, LLC) · Financial Services · United StatesOn September 28, 2018, Cambium Equity Partners bought Automotive Business Solutions, a Westminster, Colorado company that administers repair and labor warranties, roadside assistance and tire warranties for the auto aftermarket. The buyer was a newly formed entity, ABS Operations, LLC. The sellers were co-founders Rick Ruel and Steve Halgren, who started ABS in 2001 and sold after roughly 17 years2018Undisclosed
  234. 234AW Site Services Holdingsacquired by Broadtree Partners (acquisition vehicle: AW Site Services, LLC) · Waste Management · United StatesAW Site Services is the vehicle Broadtree Partners used to buy Arwood Waste, a Jacksonville, Florida business that arranges dumpsters, portable toilets and other temporary site services through a vendor network. The seller was founder John Arwood. Talks began in early 2018 and, per court records, Broadtree built its own financial statements because Arwood kept no formal books. The deal was an asse2018Undisclosed
  235. 235Botanical Designsacquired by Monroe Hill Growth Partners · Business Services · United StatesEdward McDonnell bought Botanical Designs, a Seattle commercial plantscaping company, in 2018 through a traditional search fund (Monroe Hill) after about 10-12 months of searching from North Carolina. In an interview he describes the sourcing as a hybrid: he courted the founder directly before the deal became brokered. The seller was the founder of a one-branch business with about $11 million reve2018Undisclosed
  236. 236Craftsman & Unityacquired by Avon Growth Management (per ESP partner listing) · Manufacturing · United StatesESP lists Craftsman & Unity, a manufacturer of flat and rotary steel rule cutting dies for corrugated box makers, as a 2018 investment (the logo file is named British American Tooling). ESP's partner page names Graham Butler, a Harvard Business School graduate, as former CEO with the search fund Avon Growth Management since 2016. Searches found no press release, trade coverage or searcher write-up2018Undisclosed
  237. 237Emporos, Inc.acquired by Elk Capital Partners · Software · United StatesSoftware and Point of Sale solutions for pharmacies.2018Undisclosed
  238. 238HealthMark Groupacquired by Holland Course Capital · Business Services · United StatesProvider of health information management and technology services for medical clinics and hospitals.2018Undisclosed
  239. 239Kantola Training Solutions, LLCacquired by Ridgeway Growth Capital · Business Services · United StatesDevelops and produces market-leading high-quality anti-harassment online training courses, LMS and training tracking tools.2018Undisclosed
  240. 240Kivuto Solutions Inc.acquired by Legado Capital · eCommerce · United StatesSoftware distribution company that specializes in hosted electronic software delivery for education. Through its web-based solutions, the company offers a platform for institutions to distribute educational software.2018Undisclosed
  241. 241Lanaccessacquired by Sachem Partners · Security software · SpainVideo surveillance software solutions Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/2018Undisclosed
  242. 242Lanaccess Telecomacquired by Sachem Partners · Security technology · SpainVideo-surveillance and AI video-security solutions for critical-infrastructure clients, 25+ years Backed by Istria Capital, MAYRIT Capital Partners, Bietou Capital, Blake Winchell, JB46, Scott Asen, Antonio Carranceja, Kinderhook Partners, Leon Bartolome, Vonzeo Capital. Registry shows Malinau Investments SL as sole shareholder of Lanaccess from 29 Jan 2019 with Di Cecco and Guillem as directors; sachempartners.com names them as Sachem's managing partners and lists the partner-investors. JB46/Relay give acquisition year 2018. Vonzeo link from existing mind map. Source: https://www.empresia.es/empresa/lanaccess-telecom/2018Undisclosed
  243. 243Mapexacquired by Transición · Industrial software · SpainBarcelona MES (manufacturing execution systems) software provider; EUR5.7M revenue 2018 Backed by ALZA Capital Partners, Alza Capital Partners, Bill Egan, Cabiedes Capital, Istria Capital, León Bartolomé, Relay Investments, WSC & Company. Source: https://searchfundsnews.com/mapex-enters-a-new-phase-of-growth-following-its-integration-into-the-proalpha-group/2018Undisclosed
  244. 244Navegate Logisticsacquired by Saltspring Capital · Business Services · United StatesSupply chain management software including tools for purchase order coordination and fulfillment and customs compliance.2018Undisclosed
  245. 245Paragon Legal Group, LLCacquired by Calyx Capital Partners · Business Services · United StatesProvides embedded attorneys on a project basis to assist with legal overflow work, hiring gaps, interim backfills and special projects.2018Undisclosed
  246. 246Peerless Events & Tents LLCacquired by Dunmore Capital Partners · Business Services · United StatesTexas-based party and event rental business providing rental tents, staging, flooring, and tables and chairs.2018Undisclosed
  247. 247Pentapackagingacquired by Ariol Capital · Plastic packaging · ItalyItalian plastic packaging firm, Bergamo (add-on to Repli) Source: https://capital-riesgo.es/en/articles/el-fondo-ariol-capital-vende-repli-a-la-multinacional-berlin-packaging/2018Undisclosed
  248. 248Stoqueacquired by Kinase Capital · IT SaaS · BrazilFirst international investment by AIJ Global, via Kinase Capital (supported by investors in South Africa, Brazil, Spain, USA).2018Undisclosed
  249. 249Ticketech Holdings Inc.acquired by Kata Capital Partners · Software · United StatesProvides integrated, data-driven parking management solutions to garages and parking lots, residential buildings, off-airport facilities, hotels and hospitals.2018Undisclosed
  250. 250Applied Data Corporation (ADC)acquired by Silver Field Capital (per ESP listing; not confirmed elsewhere) · Software · United StatesESP's page lists Applied Data Corporation, the fresh-item-management software company now called Upshop, as a Past investment from 2017, with Shamus Hines as CEO. No source found describes the original acquisition: seller, sourcing, price and financing are not publicly disclosed, and Silver Field Capital appears only in ESP's partner listing. Later public events: Prairie Capital VI led a growth re2017Undisclosed
  251. 251Castle Tire Recyclingacquired by Castle Capital (per ESP Partners page) · Waste Management · United StatesESP lists Castle Tire Recycling, a tire collection, processing and recycling business, as a 2017 investment that has since been exited. Its Partners page names Chandos Mahon (Columbia) as exited CEO via a vehicle called Castle Capital. Searches turned up only directory entries: Private Equity Info lists a Portland, Oregon company under Search Fund Partners ownership, with no deal date or exit. A d2017Undisclosed
  252. 252Falcon Critical Care Transportacquired by Cascadian Capital · TransportationMedical transportation services in the greater Bay Area.2017Undisclosed
  253. 253Financial Insurance Management Corporation (FIMC)acquired by Cork Capital · Financial Services · United StatesProvides auto club memberships that offer consumers roadside assistance and other related consumer protection.2017Undisclosed
  254. 254Morningside Translations, inc.acquired by Greenwich Point Capital · Business Services · United StatesProfessional translation services specializing in ISO-certified patent, life sciences and legal translations into 150+ languages.2017Undisclosed
  255. 255National Center for Faculty Development & Diversity LLC (NCFDD)acquired by Volley Partners · Business Services · United StatesIndependent professional development, training, and mentoring community for faculty members, postdocs, and graduate students offering on-campus workshops, online professional development training, and virtual mentoring programs.2017Undisclosed
  256. 256Blue Sky Networkacquired by Kerwood Capital Partners · Aerospace · United StatesKerwood Capital Partners, a Los Angeles search fund run by Kambiz Aghili and Gregoire (Greg) Demory, acquired Blue Sky Network in a deal announced October 17, 2016. Blue Sky, a San Diego-area company founded in 2001, sells real-time asset tracking over the Iridium satellite network. According to Calabasas Capital, which advised the seller, the deal was a recapitalization in which the founding shar2016Undisclosed
  257. 257Cermeracquired by N Capital · Ceramic packaging · SpainWorld-leading manufacturer of ceramic food packaging (yogurt, desserts, ready meals); EUR9M revenue, EUR2M EBITDA at acquisition Source: https://searchfundsnews.com/cermer-which-was-the-third-company-acquired-by-a-sf-in-spain-now-has-a-new-owner/2016Undisclosed
  258. 258ComplianceLineacquired by One Praetorian / Praetorian Equity Partners (per search-fund deal database and ESP listing) · Business Services · United StatesComplianceLine, a Charlotte-based compliance hotline and case-management business now branded Ethico, is run by co-CEOs Nick and Giovanni Gallo. A search-fund deal database lists its acquisition as a deal by One Praetorian, and ESP's partner page links the Gallos to Praetorian Equity Partners (Kellogg-linked, since 2014). ESP lists its own investment as 2016. Public sources found do not state how 2016Undisclosed
  259. 259Eclipse Cash Systemsacquired by Convex Investing · Financial Services · United StatesFull service ATM Company, offering wholesale ATM products and services.2016Undisclosed
  260. 260HousingWireacquired by Riomar Capital LLC · Media · United StatesPublishes news and information for U.S. mortgage markets.2016Undisclosed
  261. 261ISI Telemanagement Solutionsacquired by Valent Capital Partners · Telecommunications · United StatesProvides communications management solutions that measure, analyze and optimize usage, content, and expenses.2016Undisclosed
  262. 262Lodisnaacquired by Elcano Partners · Transport & logistics · SpainInternational full-truckload road transport operator, Navarra; EUR20.4M sales in 2014 Backed by Acotral. Source: https://www.transportexxi.com/el-fondo-elcano-partners-compra-la-empresa-navarra-de-transporte-internacional-lodisna/2016Undisclosed
  263. 263MST Servicesacquired by Cornerstone Continuity Partners · Healthcare Providers · United StatesMultisystemic therapy services to help in the rehabilitation of juvenile offenders.2016Undisclosed
  264. 264Omatic Softwareacquired by Big Tree Capital Partners · Software · United StatesIntegration software company for nonprofits. Software solutions work across CRM platforms to streamline data processes.2016Undisclosed
  265. 265Subatomic Digitalacquired by Rivet Capital Partners · Manufacturing · United StatesProvides services that allow owners and distributors of video or print media to monetize their content. The company also provides its services for print media, such as engaging, designing, integrating, and launching.2016Undisclosed
  266. 266American Security Systemsacquired by AltEquity · Building ServicesNo public source was found on ESP's 2015 investment in American Security Systems or its exit. ESP's partner listing names Sean O'Neill (INSEAD, Altequity LLC) as exited CEO. The website now points to Briscoe Protective, which Pye-Barker Fire & Safety bought from Novidam Capital Partners in September 2022, but we could not confirm any link between that sale and the ESP-era deal. Seller, sourcing, f2015Undisclosed
  267. 267Chronus Corporationacquired by GreenStreet Growth Management · Software · United StatesChronus, which makes mentoring-program software, was acquired by GreenStreet Growth Management in January 2015, per CB Insights, and Dealroom and Yespress also describe it as a search-fund acquisition of a company that had been bootstrapped since 2007. Seena Mortazavi, a Wharton graduate, led it as CEO; a corporate profile calls him founder and managing director of Greenstreet Growth Management, d2015Undisclosed
  268. 268mTAB LLCacquired by Poplar Partners · Information Services · United StatesLeading provider of data analysis and visualization tools.2015Undisclosed
  269. 269Planet DDSacquired by District Line Partners · Software · United StatesLeading cloud-based dental practice enterprise management software2015Undisclosed
  270. 270Remarkable Health (dba ClaimTrak)acquired by Cedar Lake Partners · Software · United StatesSoftware solutions to behavioral health and human service agencies including clinical, billing, scheduling, medication management / e-prescribing, and reporting for inpatient, outpatient and residential settings. Additionally, it provides systems analysis, business process consulting, operations management, and financial services management.2015Undisclosed
  271. 271BNIacquired by Pioneer Equity Partners · Business Services · United StatesThis was a leadership-plus-growth-investment deal rather than a classic search-fund purchase. In December 2014 Business Network International (BNI), the franchised business referral organization founded by Dr. Ivan Misner in 1985, brought in Graham Weihmiller as CEO alongside a growth investment from Pioneer Equity Partners. Weihmiller had earlier bought homecare franchisor Griswold Home Care thro2014Undisclosed
  272. 272Caravel Autism Healthacquired by Wolf Point Growth (per ESP Partners page; not confirmed elsewhere) · Healthcare Providers · United StatesESP backed Caravel Autism Health in 2014, and its Partners page lists Mike Miller, a Kellogg graduate, as exited CEO through a vehicle called Wolf Point Growth. I could not find any public account of how that original acquisition was done: seller, sourcing, price and financing are not disclosed in the sources I found. What trade press does show is the later path. Caravel became a Green Bay, Wiscon2014Undisclosed
  273. 273Design Communications (DCI)acquired by Light Beam Capital / Manifestations Capital (per ESP partner listing); Zreik says he founded a search fund in 2012 · Information Technology · United StatesCharbel Zreik, a Wharton-trained searcher, founded a search fund in 2012 and bought Design Communications (DCI), a hospitality-focused telecom and data provider that installs hotel phone and network systems. In a 2021 interview he described growing the sales team from 2-3 to 17, adding Wi-Fi to the telephony offer, courting national hotel brands and granting equity to employees. DCI bought EthoStr2014Undisclosed
  274. 274Neuro Internationalacquired by Ironclad Capital · Healthcare Providers · United StatesCompany provides neurobehavioral supported living and assisted living programs for persons with head injury / traumatic brain injury (ABI / TBI), as well as spinal cord injury.2014Undisclosed
  275. 275PEC Safetyacquired by Eagle Ridge Growth Partners · Software · United StatesProvider of integrated training solutions that enable organizations to more efficiently manage training associated with safety compliance programs.2014Undisclosed
  276. 276Repliacquired by Ariol Capital · Plastic packaging · SpainManufacturer/distributor of plastic containers for pharma, food and cosmetics, La Roca del Vallès (Barcelona) Backed by Cabiedes Capital, Relay Investments, TTCER Partners. Source: https://rollupeurope.com/p/buscar-como-boss-ariol-the-deal-that-ignited-spain-s-search-fund-hype2014Undisclosed
  277. 277Windley Ely Professional Corporationacquired by CPS Management Partners · Business Services · United StatesCanadian claims management services firm focused on workers’ compensation, absence management, and occupational health and safety.2014Undisclosed
  278. 278Bright Market LLC (dba FastSpring)acquired by Pylon Capital · eCommerce · United StatesIn April 2013, Los Angeles-based Pylon Capital, led by managing partners Chris Lueck and Tom Tzakis, made a significant equity investment in FastSpring, the Santa Barbara e-commerce and billing platform for software companies. It was FastSpring's first outside capital since its 2005 founding, and the four co-founders all stayed, with Dan Engel stepping from CEO to SVP of Marketing and a board seat2013Undisclosed
  279. 279Constellantacquired by Perigee Capital Partners, LLC (per ESP partner listing) · Software · United StatesESP lists Constellant (developerprogram.com), which creates and runs developer and partner communities for customers, as a 2013 investment. ESP's partner page names Bhavesh Patel, a Harvard Business School graduate, as CEO with the search fund Perigee Capital Partners since 2012, and a profile site also lists a Bhavesh Patel as CEO of Constellant. No press release, trade article or searcher case s2013Undisclosed
  280. 280Recruit Militaryacquired by Longship Partners · Business Services · United StatesRecruiting platform connecting employers with veterans. The company hosts the nation’s largest single-source veteran database with over 1,400,000 members and publishes the nation’s second-largest veteran hiring publication, Search &amp; Employ magazine.2013Undisclosed
  281. 281Lecorpioacquired by Accretia Capital · Software · United StatesSoftware solutions to automate, manage, and optimize intellectual property, compliance, and billing processes of corporate legal departments.2012Undisclosed
  282. 282Sage Data Holdingsacquired by Knob Hill Partners, LLC · Information Technology · United StatesCybersecurity consulting firm that offers a suite of services including program development, education and training, cyber assessment and tech testing, advisory services, and digital forensics.2012Undisclosed
  283. 283Virtual Officewareacquired by Rosemore Capital, LLC · Information Technology · United StatesSoftware solutions that address the clinical, financial, and administrative needs of physician practices.2012Undisclosed
  284. 284Advanced Network Solutionsacquired by Inman Square Capital LLC · Information Technology · United StatesNo public source was found on how Advanced Network Solutions was acquired in 2011 or how it later exited. ESP's partner listing names Max Sadler (MIT, Inman Square Capital) as exited CEO, but searches returned nothing confirming that name, the search fund, the seller, financing, or the buyer at exit. All deal details are not publicly disclosed.2011Undisclosed
  285. 285RIA in a Boxacquired by Rushmore Partners · RIA Compliance Software / RegTech · United StatesAcquired by Rushmore Partners, backed by BK Growth2011Undisclosed
  286. 286Midwest Suppliesacquired by Adirondack Growth Capital LLC · eCommerce · United StatesLargest home brewing and wine making retailer in U.S.2010Undisclosed
  287. 287Abound Healthacquired by Laurel Tree Partners · Behavioral Healthcare & Software PlatformNiche healthcare platforms combining tech-enabled workflow with high-demand behavioral health services. Search capital raised: $400K - $600K Search / ~$10M Equity.—Undisclosed
  288. 288ACES Monitoringacquired by Cascade Growth · Industrial Garage SafetyMission-critical monitoring hardware and software for commercial garage and industrial safety. Search capital raised: $400K Search / ~$7M Equity.—Undisclosed
  289. 289Allied Electricacquired by Continuum Legacy Partners · Electrical Construction & Engineering ServicesEssential B2B engineering and maintenance services in Middle America with strong contract renewals. Search capital raised: $400K - $600K Search / ~$8M Equity.—Undisclosed
  290. 290Anovia Healthacquired by Redwoods Capital · Direct Primary CareSubscription-based employer health clinics eliminating fee-for-service friction. Search capital raised: $450K Search / ~$9M Equity.—Undisclosed
  291. 291Apex Leadership Co.acquired by Heritage Operating Partners · K-12 School Fundraising Services & EventsAsset-light tech-enabled fundraising platform serving schools with high re-order rates. Search capital raised: $400K - $600K Search / ~$10M Equity.—Undisclosed
  292. 292Aprooveacquired by Evergreen ETA · Enterprise Workflow AutomationCloud-based workflow and marketing proofing SaaS for retail and enterprise marketing teams. Search capital raised: $450K Search / ~$10M Equity.—Undisclosed
  293. 293Automotive Businessacquired by Cambium Equity Partners · Auto warranties/roadRecurring revenue vehicle service contracts and roadside assistance administration. Search capital raised: $400K - $600K Search / ~$8M Equity.—Undisclosed
  294. 294Axero Solutionsacquired by West Fourth Partners · Intranet Software & Enterprise SaaSHigh-margin enterprise intranet software with strong gross retention and low capex requirements. Search capital raised: $400K - $600K Search / ~$7M Equity.—Undisclosed
  295. 295BeeckerCoacquired by Brookline Partners · Process automationEnterprise digital transformation and custom RPA software for back-office workflows. Search capital raised: $400K - $600K Search / ~$7M Equity.—Undisclosed
  296. 296Beryllium InfoSecacquired by Berman Capital Investments · Cybersecurity & Compliance ServicesSubscription-based cybersecurity and compliance monitoring for defense and regulated industries. Search capital raised: $400K - $600K Search / ~$5M Equity.—Undisclosed
  297. 297Blue Angel Clinical Partnersacquired by Endeavor Legacy · Primary HealthcareEssential primary healthcare clinics with recurring patient visits and value-based care tailwinds. Search capital raised: $450K Search / ~$8M Equity.—Undisclosed
  298. 298Central Storage & Warehouseacquired by Pathfinder Growth Partners · Cold Storage & LogisticsEssential temperature-controlled warehousing with high switching costs and long-term client contracts. Search capital raised: $450K Search / ~$14M Equity.—Undisclosed
  299. 299Cerboacquired by Beachton Capital Fund · EHR & Practice Management SoftwareMission-critical EHR SaaS for independent medical practices with near-zero voluntary customer churn. Search capital raised: $400K - $600K Search / ~$8M Equity.—Undisclosed
  300. 300Climate Earthacquired by Beacon Search Partners · Ready-Mix Concrete TechSustainable concrete tech and automated EPD software helping builders meet green regulations. Search capital raised: $500K Search / ~$8M Equity.—Undisclosed
  301. 301CyberData Prosacquired by Guardian Equity · SMB Cybersecurity ServicesSubscription managed security service provider (MSSP) offering SOC monitoring and compliance. Search capital raised: $450K Search / ~$5M Equity.—Undisclosed
  302. 302Desert Servicesacquired by Copper State Partners · Construction Site LogisticsRecurring site logistics, waste management, and regulatory compliance for construction sites. Search capital raised: $450K Search / ~$8M Equity.—Undisclosed
  303. 303Dragonfly Pond Worksacquired by Thoroughbred Capital · Stormwater/lak e/pond managementRegulatory-driven stormwater management and lake maintenance with recurring service plans. Search capital raised: $400K - $600K Search / ~$8M Equity.—Undisclosed
  304. 304Earth Developmentacquired by Crosswalk Capital · Commercial Landscaping & Snow RemovalContractual, multi-year commercial landscaping and snow removal with high route density. Search capital raised: $400K - $600K Search / ~$6M Equity.—Undisclosed
  305. 305ELK Analysticsacquired by Alma Capital Partners · Cyber SecurityHigh-margin cybersecurity threat research and monitoring software with recurring contracts. Search capital raised: $400K - $600K Search / ~$6M Equity.—Undisclosed
  306. 306Energy Ogreacquired by Alenda Partners · Electricity servicesSubscription-based electricity management software optimizing power rates for end-users. Search capital raised: $400K - $600K Search / ~$10M Equity.—Undisclosed
  307. 307EZ Shipper Racks (EZR)acquired by Toma Capital Management · Retail asset recovery servicesSpecialized returnable packaging and rack management for national retail supply chains. Search capital raised: $400K - $600K Search / ~$12M Equity.—Undisclosed
  308. 308Gaynes Labsacquired by Apex Search Capital · Packaging & Materials TestingRegulatory-compliant package and material testing lab services for manufacturing and logistics. Search capital raised: $450K Search / ~$6M Equity.—Undisclosed
  309. 309Honolulu Ship Supplyacquired by Pacific Crest ETA · Maritime LogisticsEssential maritime provisioning and port logistics for commercial shipping vessels. Search capital raised: $500K Search / ~$12M Equity.—Undisclosed
  310. 310IMASPacquired by Cneo Partners · Occupational health & safety services · SpainSpanish provider of regulatory/mandatory occupational health-and-safety services (imasp.es) Backed by Istria Capital, Relay Investments, Innesto Partners. JOIN ROW: Istria lists Jose Maria Jover & Ignacio Jarava as CEOs of IMASP; Relay and Innesto list CNEO Partners (Spain, founded Feb 2024) with the same two searchers. Acquisition year not stated on fetched pages (fund launched Feb 2024, so 2025-2026). Source: https://istriacapital.com/entrepreneurs/—Undisclosed
  311. 311Investor Machineacquired by Chesapeake Bay Capital · Real Estate Marketing DataData-driven marketing and lead-generation SaaS platform for real estate investors. Search capital raised: $450K Search / ~$6M Equity.—Undisclosed
  312. 312ISI telemanagement Solacquired by Valent Capital Partners · Unified CaaS telecomRecurring telecom analytics and communications management software for enterprise customers. Search capital raised: $400K - $600K Search / ~$9M Equity.—Undisclosed
  313. 313Le Corpioacquired by Accretia Capital · IP software for legal depts$1.5M - $5M EBITDA, highly sticky B2B SaaS/software serving corporate legal departments. Search capital raised: $400K - $600K Search / ~$5M - $15M Equity.—Undisclosed
  314. 314Metro Vein Centersacquired by Albaron Capital Partners · United StatesNational leader in the treatment of varicose veins, spider veins and other venous conditions using the latest minimally invasive technologies.—Undisclosed
  315. 315Microdeaacquired by RedLeaf Management Partners · Software · United StatesDocument management and back office automation software for the transportation industry—Undisclosed
  316. 316NCFDDacquired by Volley Partners · Faculty/university professional developmentSubscription-based professional development and mentoring platform for university faculty. Search capital raised: $400K - $600K Search / ~$6M Equity.—Undisclosed
  317. 317Nexaacquired by Annison Capital Partners · Virtual receptionist24/7 virtual receptionist and call-answering software with high customer retention. Search capital raised: $400K - $600K Search / ~$12M Equity.—Undisclosed
  318. 318Nexploreacquired by Blue Sky Equity · PreK-12 Education ServicesTurnkey STEAM enrichment programs for elementary schools with annual contractual renewals. Search capital raised: $400K Search / ~$5M Equity.—Undisclosed
  319. 319North American Trade Schoolsacquired by Trade Wind Capital · Skilled Trades EducationCareer-focused vocational training fulfilling critical nationwide skilled labor shortages. Search capital raised: $500K Search / ~$10M Equity.—Undisclosed
  320. 320Out of the Boxacquired by CrestLake Partners · QuickBooks sales/serviceTech-enabled accounting software implementation and recurring support for SMBs. Search capital raised: $400K - $600K Search / ~$7M Equity.—Undisclosed
  321. 321Pacific Fertility Centeracquired by West Sands Partners · Fertility clinicHigh-margin fertility treatment and clinical donor agency with strong patient referrals. Search capital raised: $400K - $600K Search / ~$15M Equity.—Undisclosed
  322. 322Paragon Legal Groupacquired by Calyx Capital Partners · Outsourced attorneyTech-enabled legal staffing and interim in-house counsel services for enterprise clients. Search capital raised: $400K - $600K Search / ~$11M Equity.—Undisclosed
  323. 323Radiation Detection Co.acquired by Pivot Capital Partners · Health Physics & SafetyRegulated radiation monitoring service requiring periodic dosimeter testing and compliance reporting. Search capital raised: $500K Search / ~$12M Equity.—Undisclosed
  324. 324Reliable Premium Managementacquired by Midwest ETA · Pay-As-You-Go InsuranceTech-enabled workers' compensation premium audit and pay-as-you-go billing platform. Search capital raised: $450K Search / ~$7M Equity.—Undisclosed
  325. 325RouteGenie Technologiesacquired by Greenwich ETA · Medical Transport SoftwareSpecialized dispatch, routing, and billing SaaS for non-emergency medical transportation fleets. Search capital raised: $500K Search / ~$11M Equity.—Undisclosed
  326. 326Shandy Clinicacquired by Buck Jack Capital · Pediatric outpatientOutpatient healthcare services with strong recurring physician referrals and non-discretionary patient demand. Search capital raised: $400K - $600K Search / ~$5M - $15M Equity.—Undisclosed
  327. 327Spivey Rentalsacquired by Carson Capital · Traffic safety/portable sanitationEssential equipment rentals for civil infrastructure and construction with steady utilization. Search capital raised: $400K - $600K Search / ~$9M Equity.—Undisclosed
  328. 328Strategic Kidsacquired by Palmetto Capital · K-12 School StaffingEducational staffing and afterschool enrichment programs serving school districts. Search capital raised: $400K Search / ~$5M Equity.—Undisclosed
  329. 329SunState Pest Managementacquired by Clear Water Equity Partners · Commercial Pest Control / Facility ServicesHigh-density route-based recurring services with contractual revenue and low customer churn. Search capital raised: $450K Search / ~$8M Equity.—Undisclosed
  330. 330TrueMed LISacquired by Summit Legacy · Lab Workflow SoftwareWorkflow automation SaaS for diagnostic labs managing specimen tracking and result delivery. Search capital raised: $450K Search / ~$7M Equity.—Undisclosed
  331. 331Upper Handacquired by Wildcat Capital Partners · Sports Management SoftwareAll-in-one management SaaS for sports academies and fitness facilities with monthly subscription fees. Search capital raised: $400K Search / ~$5M Equity.—Undisclosed
  332. 332upshopacquired by Silver Field Capital · Fresh food inventory/back-officeMission-critical SaaS optimizing fresh food inventory and waste reduction for grocery chains. Search capital raised: $400K - $600K Search / ~$15M Equity.—Undisclosed
  333. 333Wu Consulting Groupacquired by Liberty Search · Pharma Biostatistical ServicesSpecialized CRO biostatistics and clinical data analysis for pharmaceutical companies. Search capital raised: $500K Search / ~$9M Equity.—Undisclosed