Directory / Mind Map / United States
Fund, Investor & Acquisition Network
- 98 acquisitions
- 84 investors
- 63 search funds
- 24 PE funds
- 1 strategic acquirers
Inner ring: investors. Middle ring: funds and search funds, sized by how many investors back them. Outer ring: the acquisitions they made — click any node to highlight its network.
- Investor
- Fund / search fund
- Strategic acquirer
- Acquired company
- Click any node to highlight its network
- Ctrl/⌘ + Scroll to zoom, drag to pan
- connection
- backing investors
Who is buying companies in the United States?
WhoBoughtWho tracks 98 acquisitions of companies in the United States (2006–2026), made by 88 buyers — private equity funds, search funds and strategic acquirers — backed by 84 investors. The most active sectors are Industrial equipment, Healthcare, Media measurement and analytics software, Gift wrap and packaging manufacturing, Coffee roasting and foodservice distribution, Picture frame moulding manufacturing and distribution.
Most active acquirers in the United States
- BCP Emerald Aggregator L.P. (private equity fund) — 2 acquisitions: Copeland (climate technologies business of Emerson Electric) (2024); Climate technologies business of Emerson Electric Co. (2023).
- AIPCF VIII A-TE Funding L.P. (private equity fund) — 1 acquisition: Perseus Parent L.P. (2025).
- Battery Ventures (private equity fund) — 1 acquisition: Enzo Biochem, Inc. (2025, $37.0M).
- BCSS Iota (A), LLC (private equity fund) — 1 acquisition: Milacron Marketing Company LLC (Mold-Masters) (2025).
- Bill Balliette (Novastone Capital Advisors operator-led buyout programme) (search fund) — 1 acquisition: Alumistar (Pacific Cast Products and Performance Aluminum Products) (2026, $12.0M).
- Broadtree Partners (search fund) — 1 acquisition: Semify (2021).
- Cambridge Memorial Group (search fund) — 1 acquisition: Betzler Life Story Funeral Homes and Life Story Network (2026, Not disclosed (all-equity transaction)).
- Decus Capital (search fund) — 1 acquisition: Extended Power (2025).
- Eagle Rock Capital (search fund) — 1 acquisition: Swoogo (2020).
- Edessa Growth Partners (search fund) — 1 acquisition: Thillens (2025, generates $36.2M in annual revenue).
Browse the full list (172 funds/investors, 98 acquisitions in United States)
The graph above is the fast way to explore this — this plain list covers the same ground for anyone who'd rather scan or search text. Each name links to its own page centered on that entity.
- Abu Dhabi Investment Authority — Investor
Investor. Backs BCP Emerald Aggregator L.P.
- Accretia Capital — Search fund, Madison, Connecticut, United States, · Backed by Anacapa Partners
$1.5M - $5M EBITDA, highly sticky B2B SaaS/software serving corporate legal departments.
- Acquired Le Corpio (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.
- Advaya Capital — Investor
- Advent International — Private equity fund, Boston, MA · Backed by Advent International
- Acquired Japan Well-being (nursing care provider) in 2026 for $1.00B (Nursing care services), Japan. Acquired by Advent International. Backed by Advent International. Source: https://asia.nikkei.com/business/business-deals/us-private-equity-firm-advent-to-buy-japan-nursing-care-provider-for-1bn
- AIPCF VIII A-TE Funding L.P. — Private equity fund · Backed by American Industrial Partners
Private equity acquisition vehicle. Acquired Perseus Parent L.P. in 2025. Source: https://www.cci.gov.in/images/summaryorders/en/summary1742817993.pdf
- Acquired Perseus Parent L.P. in 2025 (Industrials), United States. Industrial business with Indian operations Backed by American Industrial Partners. Source: https://www.cci.gov.in/images/summaryorders/en/summary1742817993.pdf
- Alenda Partners — Search fund, Houstan · Backed by Anacapa Partners
Subscription-based electricity management software optimizing power rates for end-users.
- Acquired Energy Ogre (Electricity services). Subscription-based electricity management software optimizing power rates for end-users. Search capital raised: $400K - $600K Search / ~$10M Equity.
- Alma Capital Partners — Search fund, Miami · Backed by Anacapa Partners
High-margin cybersecurity threat research and monitoring software with recurring contracts.
- Acquired ELK Analystics (Cyber Security). High-margin cybersecurity threat research and monitoring software with recurring contracts. Search capital raised: $400K - $600K Search / ~$6M Equity.
- AltEquity — Search fund, Pennsylvania, US · Backed by Anacapa Partners
Recurring monitoring fees and maintenance contracts for commercial security installations.
- Acquired American Security Systems (Security solutions). Recurring monitoring fees and maintenance contracts for commercial security installations. Search capital raised: $400K - $600K Search / ~$8M Equity.
- Altis — Investor
- Alza Capital Partners — Investor
- Amazon — Private equity fund
Buyer. Acquired Axio in India, announced Thu Sep 04 2025 00:00:00 GMT+0000 (Coordinated Universal Time).
- Acquired Axio in 2025, India. Acquired by Amazon. Source: https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_Amazon
- Ambit Partners — Investor, Cape Town, South Africa
Category A search fund investor · Cape Town, South Africa · active in 31 countries, 74 search funds backed; check size $400K-$2M, emerging-market focus.
- American Industrial Partners — Investor
Investor. Backs AIPCF VIII A-TE Funding L.P.
- Anacapa Partners — Investor, California, USA
Category A search fund investor · California, USA · founded 2010 · $147M Fund IV (2023); 100 search fund investments, 47 exits, active in LATAM & Southeast Asia.
- Annison Capital Partners — Search fund, Wheaton, IL · Backed by Anacapa Partners
24/7 virtual receptionist and call-answering software with high customer retention.
- Acquired Nexa (Virtual receptionist). 24/7 virtual receptionist and call-answering software with high customer retention. Search capital raised: $400K - $600K Search / ~$12M Equity.
- Apax Partners LLP — Investor
Investor. Backs Pelipper HoldCo SARL, Tasmania Midco LLC.
- Apex Search Capital — Search fund, Chicago, IL · Backed by Aspect Investors, Search Fund Partners
Regulatory-compliant package and material testing lab services for manufacturing and logistics.
- Acquired Gaynes Labs (Packaging & Materials Testing). Regulatory-compliant package and material testing lab services for manufacturing and logistics. Search capital raised: $450K Search / ~$6M Equity.
- Apollo Global Management — Private equity fund, New York, NY
- Applied Equity — Investor
- Armatage Capital — Search fund, Minneapolis, MN · Backed by Anacapa Partners
Established regional title agency benefiting from steady real estate transaction volume.
- Acquired Meridian Title (Real estate title). Established regional title agency benefiting from steady real estate transaction volume. Search capital raised: $400K - $600K Search / ~$10M Equity.
- Aspect Investors — Investor, Texas, USA
Search fund investor (Category C) · Texas, USA · founded 2012 · 192 search funds backed, 86 companies; Healthcare-heavy, limited international exposure.
- Bain Capital — Private equity fund, Boston, MA · Backed by Bain Capital
- Acquired Inforich Inc. in 2026 for $327.0M (Mobile battery rental kiosks), Japan. Acquired by Bain Capital. Backed by Bain Capital. Source: https://asia.nikkei.com/business/business-deals/bain-to-take-japan-mobile-charging-startup-private-in-327m-buyout
- Acquired Rezil Corporation in 2025 for $340.0M (Electricity retail / wholesale), Japan. Acquired by Bain Capital. Backed by Bain Capital. Source: https://asia.nikkei.com/business/business-deals/bain-prepares-340m-bid-to-buy-japan-electricity-seller-rezil
- Acquired Jamco Corporation in 2025 for $634.0M (Aircraft interiors manufacturing), Japan. Acquired by Bain Capital. Backed by Bain Capital. Source: https://asia.nikkei.com/business/business-deals/bain-to-buy-japan-aircraft-interior-maker-jamco-for-634m
+2 more acquisitions
- Acquired Mitsubishi Tanabe Pharma Corporation in 2025 for $3.36B (Pharmaceuticals), Japan. Acquired by Bain Capital. Backed by Bain Capital. Source: https://asia.nikkei.com/business/business-deals/mitsubishi-chemical-to-sell-drug-unit-to-bain-capital-for-3.3bn
- Acquired York Holdings Co., Ltd. in 2025 for $5.46B (Supermarkets and specialty retail), Japan. Acquired by Bain Capital. Backed by Bain Capital. Source: https://maonline.jp/news/20250306b
- Bain Capital Credit Member, LLC — Investor
Investor. Backs BCSS Iota (A), LLC.
- Banyan Software Capital — Investor
- Battery Ventures — Private equity fund · Backed by Battery Ventures
Private equity buyer. Acquired Enzo Biochem, Inc. (Life sciences products) in United States, announced Tue Jun 24 2025 00:00:00 GMT+0000 (Coordinated Universal Time).
- Acquired Enzo Biochem, Inc. in 2025 for $37.0M (Life sciences products), United States. Acquired by Battery Ventures. Backed by Battery Ventures. Source: https://www.sec.gov/Archives/edgar/data/316253/000121390025056897/ea024646001ex99-1_enzo.htm
- BCP Emerald Aggregator L.P. — Private equity fund · Backed by Blackstone, Stamford Bridge Investment Pte. Ltd., Platinum Falcon B 2018 RSC Limited, GIC (Ventures) Private Limited, Abu Dhabi Investment Authority
Private equity acquisition vehicle. Acquired Copeland (climate technologies business of Emerson Electric) in 2024. Source: https://www.cci.gov.in/images/summaryorders/en/summary1722338689.pdf
- Acquired Copeland (climate technologies business of Emerson Electric) in 2024 (Industrial equipment), United States. Climate technologies / HVAC compressors business Backed by Blackstone Inc., Stamford Bridge Investment Pte. Ltd., Platinum Falcon B 2018 RSC Limited. Source: https://www.cci.gov.in/images/summaryorders/en/summary1722338689.pdf
- Acquired Climate technologies business of Emerson Electric Co. in 2023 (Industrial equipment), United States. Carve-out of Emerson's climate technologies unit Backed by Blackstone Inc., GIC (Ventures) Private Limited, Abu Dhabi Investment Authority. Earlier 2023 filing for the same buyer Source: https://www.cci.gov.in/images/summaryorders/en/summary1682076840.pdf
- BCSS Iota (A), LLC — Private equity fund · Backed by Bain Capital Credit Member, LLC, Bain Capital
Private equity acquisition vehicle. Acquired Milacron Marketing Company LLC (Mold-Masters) in 2025. Source: https://www.cci.gov.in/images/summaryorders/en/summary1742530644.pdf
- Acquired Milacron Marketing Company LLC (Mold-Masters) in 2025 (Industrial equipment), United States. Plastics processing equipment business Backed by Bain Capital Credit Member, LLC, Bain Capital. Source: https://www.cci.gov.in/images/summaryorders/en/summary1742530644.pdf
- Beachton Capital Fund — Search fund, Houston, Texas · Backed by Aspect Investors
Mission-critical EHR SaaS for independent medical practices with near-zero voluntary customer churn.
- Acquired Cerbo (EHR & Practice Management Software). Mission-critical EHR SaaS for independent medical practices with near-zero voluntary customer churn. Search capital raised: $400K - $600K Search / ~$8M Equity.
- Beacon Search Partners — Search fund, Boston, MA · Backed by WSC & Company, Search Fund Partners
Sustainable concrete tech and automated EPD software helping builders meet green regulations.
- Acquired Climate Earth (Ready-Mix Concrete Tech). Sustainable concrete tech and automated EPD software helping builders meet green regulations. Search capital raised: $500K Search / ~$8M Equity.
- Berman Capital Investments — Search fund, San Francisco, California · Backed by Aspect Investors
Subscription-based cybersecurity and compliance monitoring for defense and regulated industries.
- Acquired Beryllium InfoSec (Cybersecurity & Compliance Services). Subscription-based cybersecurity and compliance monitoring for defense and regulated industries. Search capital raised: $400K - $600K Search / ~$5M Equity.
- Bill Balliette (Novastone Capital Advisors operator-led buyout programme) — Search fund · Backed by Novastone Capital Advisors
Search fund vehicle. Acquired Alumistar (Pacific Cast Products and Performance Aluminum Products) (Aluminium alloy casting) in United States, announced 2026-08-14.
- Acquired Alumistar (Pacific Cast Products and Performance Aluminum Products) in 2026 for $12.0M (Aluminium alloy casting), United States. Acquired 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/
- BK Growth — Investor
- Blackstone — Private equity fund, New York, NY · Backed by Blackstone
- Acquired TechnoPro Holdings in 2025 for $3.40B (Engineering and IT staffing), Japan. Acquired by Blackstone. Backed by Blackstone. Source: https://asia.nikkei.com/business/business-deals/blackstone-to-buy-japanese-staffing-company-technopro-for-3.4bn
- Blue Frame Capital — Investor
- Blue Sky Equity — Search fund, Chicago, IL · Backed by ETA Equity, Search Fund Partners
Turnkey STEAM enrichment programs for elementary schools with annual contractual renewals.
- Acquired Nexplore (PreK-12 Education Services). Turnkey STEAM enrichment programs for elementary schools with annual contractual renewals. Search capital raised: $400K Search / ~$5M Equity.
- Braemont Capital — Investor
- Broadtree Partners — Search fund · Backed by Dellin Investments
- Acquired Semify in 2021 (SEO/Digital Marketing Agency Services), United States. Acquired by Broadtree Partners, backed by Dellin Investments
- Brookfield Asset Management — Private equity fund, Toronto / New York, NY
- Brookline Partners — Search fund, The Woodlands / Spring, Texas, US · Backed by Anacapa Partners
Enterprise digital transformation and custom RPA software for back-office workflows.
- Acquired BeeckerCo (Process automation). Enterprise digital transformation and custom RPA software for back-office workflows. Search capital raised: $400K - $600K Search / ~$7M Equity.
- Buck Jack Capital — Search fund, Colorado Springs, Colorado · Backed by Anacapa Partners
Outpatient healthcare services with strong recurring physician referrals and non-discretionary patient demand.
- Acquired Shandy Clinic (Pediatric outpatient). Outpatient healthcare services with strong recurring physician referrals and non-discretionary patient demand. Search capital raised: $400K - $600K Search / ~$5M - $15M Equity.
- Calyx Capital Partners — Search fund, Chicago, Illinois, US · Backed by Anacapa Partners
Tech-enabled legal staffing and interim in-house counsel services for enterprise clients.
- Acquired Paragon Legal Group (Outsourced attorney). Tech-enabled legal staffing and interim in-house counsel services for enterprise clients. Search capital raised: $400K - $600K Search / ~$11M Equity.
- Cambium Equity Partners — Search fund, Los Angeles, California, US · Backed by Anacapa Partners
Recurring revenue vehicle service contracts and roadside assistance administration.
- Acquired Automotive Business (Auto warranties/road). Recurring revenue vehicle service contracts and roadside assistance administration. Search capital raised: $400K - $600K Search / ~$8M Equity.
- Cambridge Memorial Group — Search fund · Backed by TBD Investors, Pacific Lake Partners, Shore Capital, Cerralvo Capital, WSC & Company, The Nashton Company
Search fund vehicle. Acquired Betzler Life Story Funeral Homes and Life Story Network (Funeral homes and life celebration services) in United States, announced Tue May 26 2026 00:00:00 GMT+0000 (Coordinated Universal Time).
- Acquired Betzler Life Story Funeral Homes and Life Story Network in 2026 for Not disclosed (all-equity transaction) (Funeral homes and life celebration services), United States. Acquired 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/
- CapitalPad — Investor
- Carson Capital — Search fund, Charlotte, North Carolina, US · Backed by Anacapa Partners
Essential equipment rentals for civil infrastructure and construction with steady utilization.
- Acquired Spivey Rentals (Traffic safety/portable sanitation). Essential equipment rentals for civil infrastructure and construction with steady utilization. Search capital raised: $400K - $600K Search / ~$9M Equity.
- Cascade Growth — Search fund, Seattle, WA · Backed by WSC & Company, Search Fund Partners
Mission-critical monitoring hardware and software for commercial garage and industrial safety.
- Acquired ACES Monitoring (Industrial Garage Safety). Mission-critical monitoring hardware and software for commercial garage and industrial safety. Search capital raised: $400K Search / ~$7M Equity.
- Cedrus Fund — Search fund, 505 Congress St, Boston · Backed by Anacapa Partners
Specialized lab diagnostics with high barriers to entry and steady pharma/biotech client demand.
- Acquired Metabolic Solutions (Bioanalytical testing lab). Specialized lab diagnostics with high barriers to entry and steady pharma/biotech client demand. Search capital raised: $400K - $600K Search / ~$8M Equity.
- Cerralvo Capital — Investor, Florida, USA
Search fund investor · Florida, USA · founded 2019 · 33 deals backed (30% Mexico, 70% elsewhere); first international exit in Spain (2024).
- Chesapeake Bay Capital — Search fund, Baltimore, MD · Backed by Search Fund Partners, Endurance Search Partners
Data-driven marketing and lead-generation SaaS platform for real estate investors.
- Acquired Investor Machine (Real Estate Marketing Data). Data-driven marketing and lead-generation SaaS platform for real estate investors. Search capital raised: $450K Search / ~$6M Equity.
- Clear Water Equity Partners — Search fund, Tampa FL
High-density route-based recurring services with contractual revenue and low customer churn.
- Acquired SunState Pest Management (Commercial Pest Control / Facility Services). High-density route-based recurring services with contractual revenue and low customer churn. Search capital raised: $450K Search / ~$8M Equity.
- Coats Capital — Investor
- Colton Capital Partners — Investor
- Continuum Legacy Partners — Search fund, Chicago area, Illinois (Glen Ellyn/Kenosha, WI) · Backed by Aspect Investors
Essential B2B engineering and maintenance services in Middle America with strong contract renewals.
- Acquired Allied Electric (Electrical Construction & Engineering Services). Essential B2B engineering and maintenance services in Middle America with strong contract renewals. Search capital raised: $400K - $600K Search / ~$8M Equity.
- Copper State Partners — Search fund, Phoenix, AZ · Backed by Search Fund Partners, Aspect Investors
Recurring site logistics, waste management, and regulatory compliance for construction sites.
- Acquired Desert Services (Construction Site Logistics). Recurring site logistics, waste management, and regulatory compliance for construction sites. Search capital raised: $450K Search / ~$8M Equity.
- CrestLake Partners — Search fund, New York · Backed by Anacapa Partners
Tech-enabled accounting software implementation and recurring support for SMBs.
- Acquired Out of the Box (QuickBooks sales/service). Tech-enabled accounting software implementation and recurring support for SMBs. Search capital raised: $400K - $600K Search / ~$7M Equity.
- Crosswalk Capital — Search fund, Minneapolis, Minnesota · Backed by Aspect Investors
Contractual, multi-year commercial landscaping and snow removal with high route density.
- Acquired Earth Development (Commercial Landscaping & Snow Removal). Contractual, multi-year commercial landscaping and snow removal with high route density. Search capital raised: $400K - $600K Search / ~$6M Equity.
- Cyprium Partners — Investor
- Dan Dorman — Investor
- Decus Capital — Search fund · Backed by Dellin Investments, Iberia NCA NF I, Novastone Capital Advisors
Search fund vehicle. Acquired Extended Power (Temporary power and generator services) in United States, announced 2025-06-05.
- Acquired Extended Power in 2025 (Temporary power and generator services), United States. Acquired 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/
- Dellin Investments — Investor
- Eagle Rock Capital — Search fund · Backed by M2O Inc, Red Forest Capital
- Acquired Swoogo in 2020 (Event-Management SaaS), United States. Acquired by Eagle Rock Capital (CEO Chris Sykes), backed by M2O Inc and Red Forest Capital
- Edessa Growth Partners — Search fund · Backed by Alza Capital Partners, Ambit Partners, Blue Frame Capital, Eric Giesecke, Futaleufu Partners, Housatonic Partners, Kirk Riedinger, Liberty Search, Milk Street Ventures, Rob Cherun, Sidney Sommer, The Cromwell Harbor, TTCER Partners
Search fund vehicle. Acquired Thillens (Armored car and cash logistics) in United States, announced 2025-05-27.
- Acquired Thillens in 2025 for generates $36.2M in annual revenue (Armored car and cash logistics), United States. Acquired 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/
- Endeavor Legacy — Search fund, Dallas, TX · Backed by WSC & Company, Search Fund Partners
Essential primary healthcare clinics with recurring patient visits and value-based care tailwinds.
- Acquired Blue Angel Clinical Partners (Primary Healthcare). Essential primary healthcare clinics with recurring patient visits and value-based care tailwinds. Search capital raised: $450K Search / ~$8M Equity.
- Endurance Search Partners — Investor
- Endurion Capital — Search fund · Backed by Pacific Lake Partners, Ambit Partners, WSC & Company, Hadley Family Capital, SCIPIO Holding Group, Moonbase Capital, Applied Equity, Banyan Software Capital
Search fund vehicle. Acquired Connected Dealer Services (CDS) (Connected vehicle technology and automotive dealer software) in United States, announced Fri Sep 11 2026 00:00:00 GMT+0000 (Coordinated Universal Time).
- Acquired Connected Dealer Services (CDS) in 2026 (Connected vehicle technology and automotive dealer software), United States. Acquired 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/
- EQT — Private equity fund, Stockholm / New York, NY · Backed by EQT
- Acquired Fujitec Co. in 2025 for $2.70B (Elevators and escalators), Japan. Acquired by EQT. Backed by EQT. Source: https://asia.nikkei.com/business/business-deals/sweden-s-eqt-to-buy-out-japan-s-fujitec-in-all-share-2.7bn-deal
- Eric Giesecke — Investor
- ETA Equity — Investor
- Evergreen ETA — Search fund, Austin, TX · Backed by Pacific Lake Partners, Search Fund Partners
Cloud-based workflow and marketing proofing SaaS for retail and enterprise marketing teams.
- Acquired Aproove (Enterprise Workflow Automation). Cloud-based workflow and marketing proofing SaaS for retail and enterprise marketing teams. Search capital raised: $450K Search / ~$10M Equity.
- Fairfield Enterprises — Search fund · Backed by Feta Fund
- Acquired Objective Management Group in 2022 (IT SaaS), United States. Acquired via Fairfield Enterprises; global leader in sales force evaluations.
- Farragut Capital Partners — Investor
- Feta Fund — Investor, Washington, USA
Search fund investor (Category C) · Washington, USA · founded 2022 · $13M fund; backs 60+ search funds (targeting 1000), strict investment-criteria checklist.
- Flix Buyer Inc. (affiliate of Advaya Capital) — Private equity fund · Backed by Advaya Capital
Private equity buyer. Acquired comScore Movies Business (box office measurement business, including Rentrak, LLC, and Hollywood Software) (Media measurement and analytics software) in United States, announced 2026-05-27.
- Acquired comScore Movies Business (box office measurement business, including Rentrak, LLC, and Hollywood Software) in 2026 for $70.0M (Media measurement and analytics software), United States. Acquired by Flix Buyer Inc. (affiliate of Advaya Capital). Backed by Advaya Capital. Source: https://www.sec.gov/Archives/edgar/data/1158172/000115817226000042/scor-20260527.htm
- Forge Partners — Search fund, Atlanta, Georgia. · Backed by Housatonic Partners, Aspect Investors
Fragmented healthcare services suitable for buy-and-build consolidation and multi-location growth.
- Acquired Cicero Therapies in 2020 (Healthcare), United States. Acquired by Forge Partners; pediatric speech pathology/OT clinics.
- Fruition Capital — Investor, Colorado, USA
Search fund investor (Category C) · Colorado, USA · founded 2023 · $500M+ across two funds; old-economy/manufacturing focus, currently US/UK/Canada only.
- Acquired Hueson Corporation in 2023 (Manufacturing), United States. Anchor investor & board member; wire and cable manufacturing.
- Futaleufu Partners — Investor
- General Atlantic — Private equity fund, New York, NY
- Generational Transfer Entrepreneurs — Investor
- GIC (Ventures) Private Limited — Investor
Investor. Backs BCP Emerald Aggregator L.P.
- Greenwich ETA — Search fund, Greenwich, CT · Backed by Pacific Lake Partners, Search Fund Partners
Specialized dispatch, routing, and billing SaaS for non-emergency medical transportation fleets.
- Acquired RouteGenie Technologies (Medical Transport Software). Specialized dispatch, routing, and billing SaaS for non-emergency medical transportation fleets. Search capital raised: $500K Search / ~$11M Equity.
- Grosse Pointe Search Capital — Investor
- GT Entrepreneurs — Investor, Pennsylvania, USA
Search fund investor (Category D) · Pennsylvania, USA · founded 2017 · 20 search funds backed, no international exposure beyond this deal.
- Acquired PDSM (Pittsburgh Dental Sleep Medicine) in 2018 (Sleep-Apnea/Snoring Treatment Services), United States. Direct acquisition by GT Entrepreneurs
- Guardian Equity — Search fund, Atlanta, GA · Backed by Search Fund Partners, Endurance Search Partners
Subscription managed security service provider (MSSP) offering SOC monitoring and compliance.
- Acquired CyberData Pros (SMB Cybersecurity Services). Subscription managed security service provider (MSSP) offering SOC monitoring and compliance. Search capital raised: $450K Search / ~$5M Equity.
- Hadley Family Capital — Investor
- Heritage Holding — Investor
- Heritage Operating Partners — Search fund, Houston, Texas · Backed by Aspect Investors
Asset-light tech-enabled fundraising platform serving schools with high re-order rates.
- Acquired Apex Leadership Co. (K-12 School Fundraising Services & Events). Asset-light tech-enabled fundraising platform serving schools with high re-order rates. Search capital raised: $400K - $600K Search / ~$10M Equity.
- Hexaware Technologies Ltd — Strategic acquirer
Strategic acquirer. Acquired SMC Squared LLC (Global capability centre services) in India, announced Thu Jul 17 2025 00:00:00 GMT+0000 (Coordinated Universal Time).
- Housatonic Partners — Investor, Boston, USA
Search fund investor (Category C) · Boston, USA · founded 1994 · $1.5B AUM, 100+ search funds backed; Healthcare, Technology, Business Services, mostly US-focused.
- Iberia — Investor
- Iberia NCA NF I — Investor
- Integral Private Wealth Advisors — Investor
- JB46 — Investor, Spain
Category A search fund investor · Spain · 100 backed search funds, 32 portfolio companies (5 international); active in Brazil and Mexico, Business Services/Healthcare/Distribution.
- Kamylon — Investor
- Acquired Label World in 2006 (Digital/Flexographic Label Printing & Packaging), United States. Direct acquisition via Kamylon Capital
- Kennedy Lewis Capital Partners Master Fund II LP — Private equity fund · Backed by Kennedy Lewis Capital Partners Master Fund II LP, Sweat Equities SPV LLC
Private equity buyer. Acquired Fresh produce business of Village Farms International, Inc. (Fresh produce (greenhouse-grown vegetables)) in United States, announced 2025-05-22.
- Acquired Fresh produce business of Village Farms International, Inc. in 2025 for $40.0M (Fresh produce (greenhouse-grown vegetables)), United States. Acquired by Vanguard Food LP. Backed by Kennedy Lewis Capital Partners Master Fund II LP, Sweat Equities SPV LLC. Source: https://www.sec.gov/Archives/edgar/data/1584549/000095017025076446/vff-ex2_1.htm
- Kirk Riedinger — Investor
- KKR & Co. — Private equity fund, New York, NY · Backed by KKR & Co.
- Acquired Taiyo Holdings Co. in 2026 for $3.20B (Specialty chemicals (solder resist)), Japan. Acquired by KKR. Backed by KKR. Source: https://asia.nikkei.com/business/business-deals/kkr-to-take-japan-chemical-maker-taiyo-private-with-3bn-offer
- Acquired Forum Engineering Inc. in 2025 for $584.0M (Engineering staffing), Japan. Acquired by KKR. Backed by KKR. Source: https://asia.nikkei.com/business/business-deals/kkr-to-launch-584m-bid-for-japan-staffing-company-forum-engineering
- Laird Superfood, Inc. — Private equity fund · Backed by Nexus Capital Management, LP
Private equity buyer. Acquired Navitas LLC (Navitas Organics) (Food and beverage / functional nutrition brands) in United States, announced 2026-03-12.
- Acquired Navitas LLC (Navitas Organics) in 2026 for $38.5M (Food and beverage / functional nutrition brands), United States. Acquired by Laird Superfood, Inc.. Backed by Nexus Capital Management, LP. Source: https://www.sec.gov/Archives/edgar/data/1650696/000143774926007994/ex_930787.htm
- Laurel Tree Partners — Search fund, Boston, Massachusetts · Backed by Aspect Investors
Niche healthcare platforms combining tech-enabled workflow with high-demand behavioral health services.
- Acquired Abound Health (Behavioral Healthcare & Software Platform). Niche healthcare platforms combining tech-enabled workflow with high-demand behavioral health services. Search capital raised: $400K - $600K Search / ~$10M Equity.
- Liberty Search — Search fund, Philadelphia, PA · Backed by Pacific Lake Partners, Search Fund Partners
Specialized CRO biostatistics and clinical data analysis for pharmaceutical companies.
- Acquired Wu Consulting Group (Pharma Biostatistical Services). Specialized CRO biostatistics and clinical data analysis for pharmaceutical companies. Search capital raised: $500K Search / ~$9M Equity.
- M2O Inc — Investor
- Marion Equity Partners — Investor
- Martell Capital Partners — Investor
- MER Search Capital — Investor
- Midwest ETA — Search fund, Minneapolis, MN · Backed by WSC & Company, Search Fund Partners
Tech-enabled workers' compensation premium audit and pay-as-you-go billing platform.
- Acquired Reliable Premium Management (Pay-As-You-Go Insurance). Tech-enabled workers' compensation premium audit and pay-as-you-go billing platform. Search capital raised: $450K Search / ~$7M Equity.
- Milk Street Ventures — Investor
- Miramar Equity Partners — Investor
- Miramar Search Partners — Investor, Dallas, Texas, USA
Category A search fund investor · Dallas, TX · founded 2018 · 86 companies backed, 70%+ in Technology & Healthcare; will plug equity gaps up to $25M+.
- Moonbase Capital — Investor, Spain
Search fund investor (Category B) · Spain · founded 2020 · EUR24M fund, EUR15M raised for international expansion; Manufacturing, Web Services, Medical Services.
- NCA SF067 — Search fund · Backed by Novastone Capital Advisors
Search fund vehicle. Acquired Horizon Underground (Underground utility construction) in United States, announced 2026-02-03.
- Acquired Horizon Underground in 2026 (Underground utility construction), United States. Acquired 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/
- Nexus Capital Management, LP — Investor
- Northspring Partners — Investor
- Acquired Big Box Storage Inc. in 2023 (Portable Storage Services), United States. Direct acquisition by Northspring Partners
- Novastone — Investor
- Novastone Capital Advisors — Investor, Switzerland
Category A search fund investor · Switzerland · 19 companies across 10 countries; 94% of backed searchers successfully transitioned, Healthcare/Light Manufacturing/Logistics focus.
- Novastone Operator-Led Buyout Program — Search fund · Backed by Novastone
Independent sponsor vehicle. Acquired Alumistar (Aluminum alloy casting manufacturing) in United States, announced Fri Aug 14 2026 00:00:00 GMT+0000 (Coordinated Universal Time).
- Acquired Alumistar in 2026 for $12.0M (Aluminum alloy casting manufacturing), United States. Acquired by Bill Balliette (Novastone Operator-Led Buyout Program). Backed by Novastone. Source: https://searchfundsnews.com/nca-entrepreneur-bill-balliette-acquires-california-based-manufacturer-alumistar/
- Novastone Partners US — Investor
- Pacific Crest ETA — Search fund, San Francisco, CA · Backed by Search Fund Partners, Miramar Equity Partners
Essential maritime provisioning and port logistics for commercial shipping vessels.
- Acquired Honolulu Ship Supply (Maritime Logistics). Essential maritime provisioning and port logistics for commercial shipping vessels. Search capital raised: $500K Search / ~$12M Equity.
- Pacific Lake Partners — Investor
- Palmetto Capital — Search fund, Charleston, SC · Backed by Aspect Investors, Search Fund Partners
Educational staffing and afterschool enrichment programs serving school districts.
- Acquired Strategic Kids (K-12 School Staffing). Educational staffing and afterschool enrichment programs serving school districts. Search capital raised: $400K Search / ~$5M Equity.
- Paltus Capital — Investor
- Parkland Group — Investor
- Pathfinder Growth Partners — Search fund, Madison, WI · Backed by Aspect Investors, Peterson Partners, Pacific Lake Partners
Essential temperature-controlled warehousing with high switching costs and long-term client contracts.
- Acquired Central Storage & Warehouse (Cold Storage & Logistics). Essential temperature-controlled warehousing with high switching costs and long-term client contracts. Search capital raised: $450K Search / ~$14M Equity.
- Pau Cortes — Investor
- Pegasus Holdings III, LLC — Private equity fund · Backed by Apollo Global Management
Private equity acquisition vehicle. Acquired Tenneco Inc. in 2022. Source: https://www.cci.gov.in/images/summaryorders/en/1656657410.pdf
- Acquired Tenneco Inc. in 2022 (Auto components), United States. Auto components maker with Indian operations Backed by Apollo Global Management. Source: https://www.cci.gov.in/images/summaryorders/en/1656657410.pdf
- Peterson Partners — Investor
- Philip Borden — Search fund · Backed by Pacific Lake Partners
- Acquired LabShares in 2023 (Life Sciences Shared Lab Space), United States. Acquired by Philip Borden with backing from Pacific Lake Partners
- Pivot Capital Partners — Search fund, San Jose, CA · Backed by Pacific Lake Partners, Aspect Investors
Regulated radiation monitoring service requiring periodic dosimeter testing and compliance reporting.
- Acquired Radiation Detection Co. (Health Physics & Safety). Regulated radiation monitoring service requiring periodic dosimeter testing and compliance reporting. Search capital raised: $500K Search / ~$12M Equity.
- Platinum Falcon B 2018 RSC Limited — Investor
Investor. Backs BCP Emerald Aggregator L.P.
- Red Forest Capital — Investor
- Redwoods Capital — Search fund, Denver, CO · Backed by Aspect Investors, Search Fund Partners
Subscription-based employer health clinics eliminating fee-for-service friction.
- Acquired Anovia Health (Direct Primary Care). Subscription-based employer health clinics eliminating fee-for-service friction. Search capital raised: $450K Search / ~$9M Equity.
- Reframe Capital — Investor
- Reframe Search Partners — Investor
- Relay Investments — Investor, Boston, USA
Category A search fund investor · Boston, USA · $200M AUM · 200+ search funds backed; heavy technology focus with fast-growing international exits since 2019.
- Rob Cherun — Investor
- Robert Vero (Novastone Capital Advisors operator-led buyout programme) — Search fund · Backed by Cyprium Partners, Farragut Capital Partners, Novastone Capital Advisors
Search fund vehicle. Acquired Omega Moulding (Picture frame moulding manufacturing and distribution) in United States, announced 2026-02-20.
- Acquired Omega Moulding in 2026 for $30.0M (Picture frame moulding manufacturing and distribution), United States. Acquired 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/
- Royal Cup Coffee and Tea — Private equity fund · Backed by Braemont Capital
Private equity buyer. Acquired Farmer Brothers Coffee (Farmer Bros. Co.) (Coffee roasting and foodservice distribution) in United States, announced 2026-03-05.
- Acquired Farmer Brothers Coffee (Farmer Bros. Co.) in 2026 for $68.0M (Coffee roasting and foodservice distribution), United States. Acquired by Royal Cup Coffee and Tea. Backed by Braemont Capital. Source: https://peprofessional.com/2026/03/two-century-old-coffee-businesses-plan-to-brew-a-combined-platform/
- Rushmore Partners — Search fund · Backed by BK Growth
- Acquired RIA in a Box in 2011 (RIA Compliance Software / RegTech), United States. Acquired by Rushmore Partners, backed by BK Growth
- Salesforce — Private equity fund
Buyer. Acquired m3ter (Usage-based billing) in United Kingdom, announced Mon Jun 01 2026 00:00:00 GMT+0000 (Coordinated Universal Time).
- Acquired m3ter in 2026 for Undisclosed (Usage-based billing), United Kingdom. Acquired by Salesforce. Source: https://en.wikipedia.org/wiki/Salesforce
- SCIPIO Holding Group — Investor
- Search Fund Partners — Investor
- Acquired Growth99 in 2024 (Software/Digital Marketing), United States
- Sentinel Capital Partners — Investor
- Acquired Elevate Care in 2023 (Healthcare), United States. Global homecare services for seniors.
- Shad Collective — Investor
- Shore Capital — Investor
- Sidney Sommer — Investor
- SIG Partners — Investor, Texas, USA
Search fund investor (Category C) · Texas, USA · 27 deals in 4 years, $8M average check, majority-control only; Healthcare & B2B/B2C services, no international deals.
- Acquired Prospector Plumbing & Heating in 2024 (B2C Services), United States. Minority investment by SIG with a partner taking a board seat.
- Silver Field Capital — Search fund, Chicago, IL · Backed by Anacapa Partners
Mission-critical SaaS optimizing fresh food inventory and waste reduction for grocery chains.
- Acquired upshop (Fresh food inventory/back-office). Mission-critical SaaS optimizing fresh food inventory and waste reduction for grocery chains. Search capital raised: $400K - $600K Search / ~$15M Equity.
- Sleyster Family Capital — Investor
- South Highland Ventures (SHV ETA Fund I) — Investor
- Stamford Bridge Investment Pte. Ltd. — Investor
Investor. Backs BCP Emerald Aggregator L.P.
- Stovall Capital — Search fund · Backed by Generational Transfer Entrepreneurs, Hadley Family Capital, Heritage Holding, Marion Equity Partners, Martell Capital Partners, Paltus Capital, Reframe Search Partners, Ventura Search Capital
Search fund vehicle. Acquired Chinook Fire Protection (Fire protection contracting) in United States, announced 2026-03-17.
- Acquired Chinook Fire Protection in 2026 (Fire protection contracting), United States. Acquired 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/
- Succession Capital — Search fund · Backed by Altis, CapitalPad, Dan Dorman, Iberia, Novastone Partners US, Pau Cortes, South Highland Ventures (SHV ETA Fund I)
Search fund vehicle. Acquired Jillson & Roberts (Gift wrap and packaging manufacturing) in United States, announced 2026-08-30.
- Acquired Jillson & Roberts in 2026 for $11.0M (Gift wrap and packaging manufacturing), United States. Acquired 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/
- Summit Legacy — Search fund, Salt Lake City, UT · Backed by Search Fund Partners, Miramar Equity Partners
Workflow automation SaaS for diagnostic labs managing specimen tracking and result delivery.
- Acquired TrueMed LIS (Lab Workflow Software). Workflow automation SaaS for diagnostic labs managing specimen tracking and result delivery. Search capital raised: $450K Search / ~$7M Equity.
- Sweat Equities SPV LLC — Investor
- Tasmania Midco LLC — Private equity fund · Backed by Apax Partners LLP
Private equity acquisition vehicle. Acquired Thoughtworks Holding, Inc. in 2024. Source: https://www.cci.gov.in/images/summaryorders/en/summary1726598850.pdf
- Acquired Thoughtworks Holding, Inc. in 2024 (IT services), United States. Global technology consultancy with large India base Backed by Apax Partners LLP. Source: https://www.cci.gov.in/images/summaryorders/en/summary1726598850.pdf
- TBD Investors — Investor
- The Carlyle Group — Private equity fund, Washington, DC · Backed by The Carlyle Group
- Acquired Orix scaffolding rental subsidiary in 2026 for $610.0M (Scaffolding and construction equipment rental), Japan. Acquired by The Carlyle Group. Backed by The Carlyle Group. Source: https://asia.nikkei.com/business/business-deals/japan-s-orix-to-sell-scaffolding-rental-unit-to-carlyle-for-610m
- Acquired Kaonavi Inc. in 2025 for $325.0M (HR software), Japan. Acquired by The Carlyle Group. Backed by The Carlyle Group. Source: https://asia.nikkei.com/business/business-deals/carlyle-to-buy-japan-hr-services-company-kaonavi-for-325m
- The Cromwell Harbor — Investor
- The Nashton Company — Investor
- Thoroughbred Capital — Search fund, Charlotte, North Carolina, US · Backed by Anacapa Partners
Regulatory-driven stormwater management and lake maintenance with recurring service plans.
- Acquired Dragonfly Pond Works (Stormwater/lak e/pond management). Regulatory-driven stormwater management and lake maintenance with recurring service plans. Search capital raised: $400K - $600K Search / ~$8M Equity.
- Three Ridges Capital — Search fund · 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
Search fund vehicle. Acquired Gallagher Bros Construction (Roofing and exteriors contracting) in United States, announced 2025-05-11.
- Acquired Gallagher Bros Construction in 2025 for The EV was approximately $10-12M (Roofing and exteriors contracting), United States. Acquired 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/
- Toma Capital Management — Search fund, Santa Monica, California, US · Backed by Anacapa Partners
Specialized returnable packaging and rack management for national retail supply chains.
- Acquired EZ Shipper Racks (EZR) (Retail asset recovery services). Specialized returnable packaging and rack management for national retail supply chains. Search capital raised: $400K - $600K Search / ~$12M Equity.
- TPG Inc. — Private equity fund, Fort Worth, TX
- Trade Wind Capital — Search fund, Boston, MA · Backed by Search Fund Partners, Pacific Lake Partners
Career-focused vocational training fulfilling critical nationwide skilled labor shortages.
- Acquired North American Trade Schools (Skilled Trades Education). Career-focused vocational training fulfilling critical nationwide skilled labor shortages. Search capital raised: $500K Search / ~$10M Equity.
- Trilogy Search Partners — Investor, Washington, USA
Category A search fund investor · Washington, USA · 70+ completed transactions, $240M fund; SaaS, healthcare, tech-enabled services.
- Acquired Advanced Aircrew Academy in 2024 (Education and Training Services), United States
- TTCER Partners — Investor, California, USA
Category A search fund investor · California, USA · founded 2007 · invested in 200+ search-acquired businesses; deeply active international coinvestor.
- Acquired Freshtohome in 2019 (Ecommerce), India
- Valent Capital Partners — Search fund, Chicago, IL · Backed by Anacapa Partners
Recurring telecom analytics and communications management software for enterprise customers.
- Acquired ISI telemanagement Sol (Unified CaaS telecom). Recurring telecom analytics and communications management software for enterprise customers. Search capital raised: $400K - $600K Search / ~$9M Equity.
- Ventura Search Capital — Investor
- Vista Equity Partners — Private equity fund, Austin, TX
- Volley Partners — Search fund, Belmont, California, US · Backed by Anacapa Partners
Subscription-based professional development and mentoring platform for university faculty.
- Acquired NCFDD (Faculty/university professional development). Subscription-based professional development and mentoring platform for university faculty. Search capital raised: $400K - $600K Search / ~$6M Equity.
- Warburg Pincus — Private equity fund, New York, NY · Backed by Warburg Pincus
- Acquired J.S.B. Co. in 2026 for $1.25B (Student housing), Japan. Acquired by Warburg Pincus. Backed by Warburg Pincus. Source: https://asia.nikkei.com/business/business-deals/warburg-pincus-to-launch-1.2bn-tender-offer-for-japan-dorm-operator-j.s.b
- West Fourth Partners — Search fund, New York, NY · Backed by Aspect Investors
High-margin enterprise intranet software with strong gross retention and low capex requirements.
- Acquired Axero Solutions (Intranet Software & Enterprise SaaS). High-margin enterprise intranet software with strong gross retention and low capex requirements. Search capital raised: $400K - $600K Search / ~$7M Equity.
- West Sands Partners — Search fund, Dallas, Texas, US · Backed by Anacapa Partners
High-margin fertility treatment and clinical donor agency with strong patient referrals.
- Acquired Pacific Fertility Center (Fertility clinic). High-margin fertility treatment and clinical donor agency with strong patient referrals. Search capital raised: $400K - $600K Search / ~$15M Equity.
- WSC & Company — Investor, Charlotte, North Carolina, USA
Category A search fund investor · Charlotte, NC · $2B+ portfolio enterprise value · 90+ companies backed; frequent co-investor with Relay & Miramar.