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Top Alternative Carriers Private Equity Funds

Explore 39 Alternative Carriers Private Equity Funds that source acquisition and investment opportunities on Axial’s M&A platform.

Axial Insights

Alternative Carriers Private Equity Funds

39

Active Firms

5,013

TTM Deal Inquiries

$4M-$20M

Core Revenue Range

$1M-$4M

Core EBITDA Range


Florida 15%
California 12%
Texas 10%
New York 8%
New Jersey 4%

Focus: Control Investments | Capital Source: Committed Capital | Operating Approach: Scale & Exit

Showing 1-20 of 39 Private Equity Funds

Sorted by recent activity

Heritage Holding

3 Closed Deals via Axial 53 Total Closed Deals Actively Sourcing Deals
Heritage Holding is a Boston-based lower middle market Private Equity Fund with $220m of committed capital (Institutional Fund). HH has completed 50+ acquisitions since 2016, with a core focus on essential B2B services companies. We aim to partner with businesses that have stable track records and generate $1-10m of EBITDA.

Recent Transactions

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  • May 2026 Acquired Confidential Company
  • Mar 2026 Acquired Confidential Company
  • Jan 2026 Acquired Confidential Company
  • Jan 2026 Acquired Confidential Company

Kepler Capital Corporation

2 Closed Deals via Axial 8 Total Closed Deals Actively Sourcing Deals
We are long-term, patient investors searching for exceptional small- and mid-sized businesses throughout North America. We work with existing management teams to confidently transition the business while pursuing significant further growth. We also work with business owners to build and execute a plan to transition towards retirement, while maintaining the long-term success and legacy of the business.We focus on businesses with EBITDA of $500K - $5MM, with a preference towards the B2B services, light manufacturing, healthcare, and software industries.

Recent Transactions

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  • May 2025 Acquired Confidential Company
  • Aug 2023 Acquired Anonymous Company
  • Aug 2023 Acquired Anonymous Company
  • Aug 2023 Acquired Anonymous Company

Tower Arch Capital

1 Closed Deal via Axial 32 Total Closed Deals Actively Sourcing Deals
Tower Arch Capital is a lower-middle market private equity fund with $722 million in assets under management and we're investing from a recently raised $450 million committed fund. We focus on partnering with and growing high-quality family and entrepreneur-owned companies to deliver long-term value for our management teams and investors. Tower Arch brings operational, consulting, and financial expertise to small companies to give them the tools they need to achieve their full potential. We create value in a range of industries and work with companies across the United States. Target…

Recent Transactions

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  • Aug 2023 Acquired APIC Solutions
  • Aug 2023 Acquired Syracuse Utilities
  • Aug 2023 Acquired Lifeport
  • Aug 2023 Acquired Infolinks

Envest Capital Partners

1 Closed Deal via Axial 22 Total Closed Deals Actively Sourcing Deals
Envest Capital Partners is an investment company holding long term private equity positions in established basic businesses. We invest in a relatively broad range of basic industries, with a focus on manufacturing, industrial & consumer services, and franchising. Envest seeks to provide private direct equity financing to companies with sales of $5 to $50 million, exceptional growth prospects and strong, stable cash flow. Founded in 2000, Envest is a private equity firm based in Virginia Beach, VA. We are dedicated to partnering with privately held and founder-owned businesses. The Envest…

Recent Transactions

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  • Aug 2023 Acquired Earl Industries Inc.
  • Aug 2023 Acquired Digital Services LLC
  • Aug 2023 Acquired Commonwealth Epoxy Coatings LLC
  • Oct 2022 Acquired CBT Logistics Group

Presidio Investors

1 Closed Deal via Axial 16 Total Closed Deals Actively Sourcing Deals
Presidio Investors is a leading middle market private equity firm based in Austin, Texas that partners with growing, niche businesses in the business services and entertainment sectors. The Presidio team has significant investing and operating experience, and they employ a collaborative approach to help grow and develop businesses to produce excellent returns for all stakeholders.Please see our website www.presidioinvestors.com for more information.

Recent Transactions

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  • Apr 2026 Acquired Confidential Company
  • Aug 2021 Acquired Centennial Media
  • Apr 2021 Acquired Resolve Tech Solutions
  • Aug 2019 Acquired Bravas

Ninth Street Capital Partners

1 Closed Deal via Axial 9 Total Closed Deals
Ninth Street Capital Partners is a private investment partnership that specializes in acquiring, developing and managing established businesses. With a focus on executing deals with the highest degree of integrity, we make long-term controlling investments in growth-oriented, privately held businesses with revenues ranging from $5 to $50 million. Our flexible approach allows us to tailor our investments to help entrepreneurs and business owners achieve their personal and financial goals.

Recent Transactions

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  • Sep 2019 Acquired Undislosed
  • Jun 2015 Invested in Premium Inspection & Testing
  • Mar 2014 Invested in Kitchen Cabinet Distributors
  • May 2013 Acquired SCADA Source, LLC

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Gemini Investors

136 Total Closed Deals Actively Sourcing Deals
Founded in 1993, Gemini Investors is a Massachusetts-based private equity firm that provides capital and strategic resources to lower middle market companies. Since its inception, we have invested approximately $1 Billion in more than 185 companies throughout the U.S., typically investing $3 – $8 million per transaction in either control or minority positions. Gemini offers a flexible investment approach. We provide a wide range of financing structures, which include subordinated debt with warrants, preferred stock, and common equity. We have extensive experience leading transactions, as…

Recent Transactions

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  • Sep 2025 Acquired Party Reflections
  • May 2025 Acquired Honey Smoked Fish
  • May 2025 Acquired Gold Coast Baking Company
  • Feb 2025 Acquired Spectro-UV

Gen Cap America

57 Total Closed Deals Actively Sourcing Deals
Gen Cap America (GCA) is a private equity firm headquartered in Nashville, Tennessee that specializes in leveraged buyouts of privately held lower-middle market businesses. Investment Criteria: Revenue: $5M - $100MEBITDA: $1.5M - $10M Geography: United States & CanadaTransaction Types: Family SuccessionManagement BuyoutDivisional Spin-offRecapitalizationsMost transactions are management buyouts or buyouts of one or multiple retiring owners. GCA target investments typically have a long history of successful operations and cash flow, and quality managers who wish to be part of the…

Recent Transactions

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  • Feb 2022 Acquired Aquasol Corporation
  • Sep 2021 Invested in Lab Products, Inc.
  • Jan 2021 Acquired Frontier Packaging, Inc.
  • Sep 2020 Acquired TFM Services, LLC

KLH Capital Partners, LP

33 Total Closed Deals Actively Sourcing Deals
Founded in 2005, KLH Capital is a private equity firm serving management teams of lower middle-market companies in the specialty services, value-added distribution, and niche manufacturing industries. The firm makes majority and minority equity investments in U.S.-based businesses to support the company’s growth plans, provide ownership opportunities for key managers, and allow owners to harvest the value in their businesses. Our commitment goes beyond financial support as we believe in establishing a collaborative team of peers, all of whom have a hand in the company’s progress.…

Recent Transactions

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  • Aug 2022 Invested in Thorpe Specialty Services
  • Nov 2021 Invested in The Warehouse Rentals & Supplies
  • Oct 2021 Invested in Precision Impacts
  • Dec 2020 Invested in Jackson Infrastructure Services

Kainos Capital

22 Total Closed Deals Actively Sourcing Deals
Kainos Capital, a middle market private equity firm focused on the food and consumer sector, was recently formed by Andrew Rosen, Robert Sperry and Sarah Ashmore Bradley. The Kainos Partners have invested and collaborated together in the food and consumer space over the past 20 years and their deep industry knowledge is complimented by an experienced team of investment professionals.The Kainos Team has extensive investment and operating experience in the industry, having invested more than $2 billion of equity in more than 52 transactions in the food and consumer sector with a total…

Recent Transactions

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  • Aug 2023 Acquired Good2Grow
  • Feb 2023 Invested in CellCore
  • Jan 2023 Acquired Evriholder
  • Aug 2021 Acquired Muenster Milling Company

GreyLion

19 Total Closed Deals Actively Sourcing Deals
GreyLion focuses on investing in high-growth businesses in the lower middle market. We seek to partner with existing owners and management teams across the Industrial, Healthcare, Software and Services sectors to deliver capital in tailored and flexible minority and control structures. GreyLion invests $25-$125 million of capital per investment, primarily within the United States. We currently manage private equity funds with aggregate commitments of $1.9 billion.

Recent Transactions

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  • Jul 2024 Acquired Birdseye Security
  • Aug 2022 Acquired 360 Training
  • Aug 2022 Acquired Trifecta Collective
  • Aug 2021 Acquired Norwood Sawmills

Peak Rock Capital

17 Total Closed Deals Actively Sourcing Deals
We make equity and debt investments in companies in North America and Europe. Peak Rock’s equity investment platform focuses on opportunities where it can support senior management to drive rapid growth and profit improvement, with expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital. Peak Rock’s credit platform focuses on providing bespoke primary financings and making investments in secondary loans for corporate debt and commercial real estate. Peak Rock’s principals have deep expertise in complex situations and…

Recent Transactions

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  • Apr 2019 Acquired Turkey Hill
  • Oct 2018 Acquired Pretzels, Inc.
  • Oct 2018 Acquired Louisiana Fish Fry Products
  • Sep 2018 Acquired TNT Crust

Hadley Capital

15 Total Closed Deals Actively Sourcing Deals
We work with founders/owners, families and management teams in need of ownership transition, management succession, and / or growth support. We primarily focus on companies with revenue between $5 million and $80 million, and a cash flow between $1 million and $10 million. We consider a wide range of industries and look for companies with potential to build on past successes and open to new ideas.

Recent Transactions

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  • Sep 2014 Acquired Brushy Mountain Bee Farm
  • Sep 2013 Acquired Centare
  • Dec 2012 Acquired Bluff Manufacturing
  • Sep 2012 Acquired W.C. Rouse

Catalus Capital

11 Total Closed Deals Actively Sourcing Deals
Catalus Capital is a multi-strategy private equity firm founded in early 2011. The flexibility of the firm’s investment mandates sets it apart from its peers. The firm invests out of two strategies: Catalus Growth Partners, a buyout fund focused on acquiring majority stakes in growing middle market companies, and Catalus Special Opportunities, a fund focused on finding deep value in corporate, real estate, and esoteric assets.

Recent Transactions

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  • Sep 2023 Acquired Big Apple Auto Leasing
  • Jun 2023 Acquired Forge Nano
  • Feb 2023 Acquired XL-batteries
  • Dec 2022 Acquired CC Wellness

Cyprium Investment Partners

11 Total Closed Deals Actively Sourcing Deals
Cyprium Partners (Cyprium) is a private investment firm that makes non-control investments in profitable middle-market companies, allowing company owners and their management teams to retain controlling interest in their business after we invest. Cyprium can provide any combination of equity or subordinated debt giving us non-traditional flexibility in structuring transactions as well as increasing our certainty of close.Cyprium, through the experience of its partners as well as through its Advisory Council members, strives to be a value-added investor that supports the growth, acquisition,…

Recent Transactions

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  • Mar 2025 Invested in Willamette Valley Meat
  • Aug 2024 Invested in Washington Metal Fabricators
  • Dec 2023 Invested in Apollo
  • Dec 2023 Invested in Kustom

Banyan Capital Partners

11 Total Closed Deals Actively Sourcing Deals
We are a Canadian based private equity firm that makes control equity investments in mid-sized private and public companies throughout North America. We provide full or partial liquidity to existing owners or partner with owners seeking capital for organic or acquisition-driven growth. With over 50 years of private equity, investment banking and operating experience collectively, we have developed a strong franchise. Our success is based on our experience, relationships and our reputation for honesty, respect and integrity. Since inception, Banyan has acquired equity interests in 20…

Recent Transactions

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  • Dec 2021 Acquired Innovative Surface Solutions
  • Sep 2017 Acquired Rack Attack
  • Jun 2014 Acquired Newcrete
  • Sep 2013 Acquired MIP Inc.

Astara Capital Partners

7 Total Closed Deals Actively Sourcing Deals
Astara Capital Partners is a private equity firm founded in 2020, headquartered in New York City, and investing out of a $312M fund. The firm specializes in value-oriented investing and special situations, focusing on middle-market companies across various industries such as manufacturing, building products, environmental infrastructure, tech-enabled services, and food & beverage.Astara Capital Partners is known for its integrated team of experienced investors and operators, boasting over 100 years of cumulative experience. The firm aims to provide both capital and operational expertise…

Recent Transactions

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  • Nov 2024 Acquired Unified Service Partners
  • Feb 2024 Acquired Ally Building Solutions
  • Jan 2023 Acquired Wyandot Snacks
  • Nov 2022 Acquired Del-Air

American Pacific Group

7 Total Closed Deals Actively Sourcing Deals
American Pacific Group is a San Francisco-based private equity firm targeting control equity investments in lower-middle-market companies, typically with EBITDA from $0 to $40 million. We focus on complex businesses and transactions across technology, consumer, business services, industrial, and healthcare. We are growth-oriented investors, and together with our in-house operating partners, seek to implement our proprietary value creation model to drive sustainable growth in our portfolio companies. 

Recent Transactions

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  • Aug 2022 Acquired Concisys
  • Dec 2021 Acquired Gym Launch & Prestige Labs
  • Nov 2021 Acquired Fellers
  • Mar 2021 Acquired Aesop

Tecum Capital Partners

6 Total Closed Deals Actively Sourcing Deals
Tecum Equity is an operationally oriented growth investment firm focused on supporting family and founder owned businesses within the precision manufacturing, high value-added distribution, and nondiscretionary B2B service sectors. We target industrial end markets where we can leverage our past operational and investment experience. We seek to support first time ownership transitions where our resources and experiences can augment the existing team’s culture and capabilities. Since 2006, our team has invested over $1B of growth capital and served as leaders and advisors to over 100…

Recent Transactions

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  • Aug 2025 Acquired A&D Manufacturing Company
  • Jun 2025 Acquired Industrial Supply Company
  • Aug 2024 Acquired Kadon Precision Machining
  • Oct 2023 Acquired Basement Waterproofing Company

Valedor Partners, LLC

6 Total Closed Deals Actively Sourcing Deals
We are passionate about improving the value and performance of your business. We've started companies, managed operations, made acquisitions, sold businesses, and learned plenty of valuable lessons along the way. Whether you are looking for a partner to help you grow your business, or someone to step in so you can take a step back, give us a call. We invest in businesses to help them grow, and hold for the long-term. Since we don’t raise blind pooled funds, we can seek out co-investors that have capital, experience, and expertise in your industry. Plus, with no arbitrary timelines to exit…

Recent Transactions

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  • May 2024 Acquired Q360 Group
  • Feb 2022 Acquired Allcat Claims
  • Oct 2019 Invested in Orchard on the Brazos
  • Jan 2017 Invested in White Oak Music Hall

Frequently Asked Questions

How are Private Equity Funds in this directory ordered?

Firms in the Alternative Carriers Private Equity Funds directory are ordered based on recent deal activity on Axial. The default order reflects observed market signals rather than a subjective ranking of firm quality.

What information is included in each Private Equity Fund profile?

Each profile provides information about the firm’s areas of focus, transaction criteria, and relevant activity on Axial’s M&A platform. Together, these details provide a clearer view of where a firm is active and the types of companies and opportunities most relevant for it.

What company sizes are most common for Alternative Carriers Private Equity Funds?

Based on activity on Axial’s M&A platform, the core revenue range for Alternative Carriers Private Equity Funds is $4M-$20M, with a core EBITDA range of $1M-$4M. Company size can be an important indicator of fit, as firms often concentrate their experience, resources, and transaction activity within particular segments of the market.

How important is Telecommunications experience when evaluating Private Equity Funds?

Relevant Telecommunications experience can be an important consideration when evaluating a firm. Familiarity with the sector can provide a stronger understanding of its business models, market dynamics, valuation considerations, and transaction environment. The 39 firms included in this directory provide a starting point for identifying firms with relevant experience and activity in Telecommunications.

Do all Private Equity Funds in this directory focus exclusively on Telecommunications?

Not necessarily. Many firms are active across multiple industries, so inclusion in the Alternative Carriers Private Equity Funds directory reflects relevant experience or activity in Telecommunications, rather than an exclusive sector focus. Individual profiles provide additional context on each firm’s areas of focus and activity within the sector.

How do I compare Private Equity Funds with experience in Telecommunications?

When comparing Private Equity Funds with experience in Telecommunications, consider factors such as size range, geographic reach, and recent transaction activity. These characteristics vary across the 39 firms included in the directory and can help identify firms that align with your needs.

How do I connect with Alternative Carriers Private Equity Funds?

Axial can help you identify and connect with firms based on your objectives and what you are looking to accomplish. The process varies depending on your role and transaction needs. If you are interested in connecting with firms in the Alternative Carriers Private Equity Funds directory, you can request information here.


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