Top Indiana Independent Sponsors with Recent Private M&A Activity

Active Firms

149

TTM Deal Inquiries

$7M-$19M

Core Revenue Range

$1M-$4M

Core EBITDA Range

Top Sectors by Activity

Industrials 58%

Transportation 15%

Business Services 9%

Energy & Renewables 5%

Technology 5%

Key Attributes

Focus: Control Investments | Capital Source: Deal-By-Deal Financing | Operating Approach: Scale & Exit

Kissel Capital LLC

1 Closed Deal via Axial

4 Total Closed Deals Actively Sourcing Deals

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Kissel Capital is an Indiana-based independent sponsor focused on acquiring industrial businesses with $2–6M in EBITDA across the US and Canada. We focus on transactions with a management buyout component (e.g. rollovers, co-investment). We're an independent sponsor, but we come from a committed fund background, so we bring that same rigor and discipline to how we operate. Most importantly, we bring certainty to close. We have three active portfolio companies and three realization events under our belt (one exit and two dividends). We also invest alongside our equity partners and management…

Recent Transactions

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Nov 2025 Acquired Engine Seals
Nov 2023 Acquired Safety Boss
May 2023 Acquired ContourGlass
Apr 2022 Acquired Royal Camp

EO Capital Partners LLC

1 Closed Deal via Axial

1 Total Closed Deal

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EO Capital Partners is the principal investing arm of our company. We are looking to partner with companies in the lower middle market where we can add value through M&A, operational improvements and/or access to additional capital. We bring diverse backgrounds in private equity, investment banking, and consulting, which allows us to provide a unique approach to problem solving.

Recent Transactions

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Mar 2024 Acquired Total Valve & Equipment LLC

The Firefly Group

6 Total Closed Deals Actively Sourcing Deals

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The Firefly Group invests in growth-oriented, lower-middle market companies. We have a proven track record of closing investments and partnering with management teams to build companies of lasting value. The Firefly Group is currently pursuing new platform investments as well as add-on acquisitions for current partner companies.

Recent Transactions

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Aug 2023 Acquired Titus Talent Strategies
May 2022 Acquired Amplify Recruiting
Oct 2021 Acquired Sales Xceleration
May 2018 Acquired EOS worldwide

Vinton Woods Capital

1 Total Closed Deal Actively Sourcing Deals

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Vinton Woods Capital is a single family office that invests in established businesses across various sectors, with a particular focus on industrial and technical services. The company is dedicated to acquiring and managing small to medium-sized businesses, aiming to scale them through operational rigor and a focus on the people. Vinton Woods Capital seeks businesses with strong foundations that serve a clear purpose and have the potential to stand the test of time. By building a portfolio of enduring businesses, the company reflects its commitment to values-driven growth and long-term success.

Recent Transactions

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May 2026 Acquired Tecton Construction Management, Inc.

Chatham Equity Partners, LLC

Actively Sourcing Deals

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Chatham Equity Partners is a Faith-driven, multi-family office investment firm based in Indianapolis focused on the acquisition of middle market companies where we can invest for long-term growth. Our preference is to partner with existing management teams to strengthen their brand, market reach and product with patient, strategic capital. Our strong desire is to acquire businesses which have been operated with Biblical values at the core of their culture and operating thesis and further their legacy in the communities where these businesses are presently located and invested. Partners in…

Recent Transactions

This member has no reported closed transactions.

Elston Capital Partners

4 Total Closed Deals

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At ECP, we believe focusing solely on one industry brings with it several advantages. First, because we have reviewed hundreds of potential transactions we have a solid knowledge base to compare opportunities. Secondly, this focus allowed us to develop and maintain an extensive base of contacts among the service providers to the industry including investment bankers, surety companies and brokers and lenders that are comfortable in the space. By focusing on a limited number of investments, we have time for in-depth involvement. Together with our industry knowledge, we believe that this…

Recent Transactions

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Jul 2011 Acquired Jersey Precast
Apr 2011 Acquired Lakeshore TolTest Corporation
Sep 2010 Acquired Morgan Contracting, Inc.
Apr 2008 Acquired The Roberts Company

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Rockaway Securities

3 Total Closed Deals

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Rockaway Securities is a privately-held boutique investment company. We aim to invest in both public and private securities, such as the investment in quality stocks, the acquisition of small-businesses, financing startup companies, leading commercial real estate ventures, and more. Rockaway will raise the investment capital, and in some cases, the debt financing, to acquire ownership stakes in private security offerings. Rockaway seeks to find valuable investment opportunities that their investors will see great returns and meaningful asset value over the ownership term of the…

Recent Transactions

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Nov 2022 Acquired Winslow Storage
Jul 2022 Invested in Bulwark Risk Management
Feb 2018 Acquired Express Waste Removal

TJF Acquisitions Inc.

2 Total Closed Deals

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For the last 30 years, Thomas J Feichter (Sponsor) has been President and/or Co-Owner of Privately Held Companies: The Companies have been located throughout the United States including international operations and off-shore contract manufacturing.He is hands on day-to-day to achieve objectivesHe has turned around bankrupt or under performing companies resulting in sales CAGR of 10% to 20% through organic growth via strategic sales penetration including creating partnerships with customers and down-stream supply chain. He has maintained and grown successful companies resulting in value for…

Recent Transactions

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Jul 2002 Invested in Confidential
Jan 1998 Invested in Confidential

Open Road Ventures

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We are an investment company that focuses on acquisitions of small to middle-market freight brokerages and managed transportation operations. We provide growth capital, shared service support, and strategic consultation from those who have spent their entire career in the transportation and logistics industry.

Recent Transactions

This member has no reported closed transactions.

CPM Holdings

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CPM Holdings is a independent sponsor focused on small to medium sized acquisitions. We partner with exceptional companies seeking the next stage of growth. Post acquisition, we work closely with our portfolio companies to drive measurable value for all stakeholders.

Recent Transactions

This member has no reported closed transactions.

Sergiwa Capital

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Sergiwa Capital is run by an entrepreneurial team that consults for other founder-operated businesses and offers buyout opportunities for select companies with sales of up to $60MM. We focus on identifying appropriate strategies and developing people, processes, and technologies for executing and delivering differentiated and innovative products and services with unique customer value propositions. We seek to honor the legacies of owners by building on and sustaining unique businesses for the 21st century.

Recent Transactions

This member has no reported closed transactions.

Bab Inc.

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Bab Inc. is a private investment firm focused on small to medium sized acquisitions. We partner with exceptional companies seeking the next stage of growth. Post acquisition, we work closely with our portfolio companies to drive measurable value for all stakeholders.

Recent Transactions

This member has no reported closed transactions.

Clear Sky Commercial

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We buy manufacturing and product related businesses throughout the Midwest within a 5hour radius of Fort Wayne, IN. We target businesses which can be grown through theimplementation of technology, process refinement and renewed marketing focuses. Welook for businesses with key management already in place and looking to remain for theforeseeable future

Recent Transactions

This member has no reported closed transactions.

Sea Lake Capital

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SeaLake Capital is an independent private investment firm dedicated to the acquisition of small-capitalization businesses within North America. The firm is committed to making high-conviction investments, focusing on a single business to ensure strategic growth and value creation. Operating independently, SeaLake Capital leverages its expertise to identify and invest in promising opportunities, aiming to enhance the performance and potential of its portfolio companies.

Recent Transactions

This member has no reported closed transactions.

Firms in the Indiana Independent Sponsors 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.

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.

Based on activity on Axial’s M&A platform, the core revenue range for Indiana Independent Sponsors is $7M-$19M, 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.

Location can be an important consideration, but it does not necessarily define where a firm is active. Firms based in Indiana may bring regional knowledge, local relationships, and experience with businesses in the area, while many also pursue opportunities across a broader geographic footprint. Geography is best considered alongside sector focus, company size, and relevant transaction activity.

Not necessarily. A firm’s location does not always define its geographic reach. Many Independent Sponsors based in Indiana are active across multiple regions, while firms based elsewhere may also participate in the Indiana market. Location can provide useful context, but it should not be interpreted as a firm’s geographic boundary.

When comparing Independent Sponsors in Indiana, consider factors such as sector focus, size range, and recent transaction activity. These characteristics vary across the 14 firms included in the directory and can help identify firms that align with your needs.

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 Indiana Independent Sponsors directory, you can request information here.

Top Indiana Independent Sponsors

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