Private Equity Firm Financial Services

Aldine Capital Partners

Chicago, Illinois, United States

Private investment firm providing junior capital financing to lower middle-market companies, typically combining subordinated debt and equity (about $5–$25 million per transaction) to support growth, acquisitions/buyouts, and shareholder liquidity.

Tracked deals

33

33 tracked deals across 2017-2026.

Recent pace

2

2 tracked deals announced in the last 12 months.

Deal mix

Buyout

13 buyout · 13 growth capital · 6 addon

Aldine Capital Partners Acquisition Volume by Year

Last 9 years

Acquisition volume by year Annual acquisition counts for the last 9 years for Aldine Capital Partners. 2 2017 2 2019 3 2020 9 2021 6 2022 4 2023 3 2024 2 2025 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 33 tracked deals for Aldine Capital Partners.

  • Buyer
    Agathos AEC, Hunter Forest Capital, Aldine Capital Partners, Petra Capital Partners, Pine Street Capital, Patriot Capital, First Merchants Bank
    Target
    Tecton Architects
    Type
    Buyout

    Agathos AEC, a national architecture and engineering firm backed by Hunter Forest Capital, acquired Hartford-based Tecton Architects. The deal closed in August 2026, with no financial terms disclosed. Tecton will retain its name and operate as an Agathos AEC company, with its executive principals continuing to lead and no workforce reductions planned.

  • Buyer
    Agathos AEC, Hunter Forest Capital, Aldine Capital Partners, Petra Capital Partners, Pine Street Capital, Patriot Capital
    Target
    JMPE Electrical Engineering
    Type
    Addon

    Agathos AEC, a portfolio company of Hunter Forest Capital, acquired JMPE Electrical Engineering in an acquisition that closed on February 2, 2026. JMPE is a full-spectrum electrical engineering and lighting design firm serving commercial, industrial, government, and residential clients.

  • Buyer
    Watchtower Capital, Plexus Capital, Aldine Capital Partners
    Target
    Fence Builders, Inc., Green Hill Fence Company
    Seller
    Steve Shelton / Shelton family (Fence Builders), Manning Garrett (Green Hill)
    Industry
    Construction
    Type
    Buyout

    Watchtower Capital has acquired Fence Builders, Inc. and Green Hill Fence Company to create an integrated residential and commercial fence, gate and access control platform serving the U.S. Southeast. Watchtower led the platform investment with co-investments and financing from Plexus Capital and Aldine Capital Partners; founders Steve Shelton and Manning Garrett remain in leadership roles and retain ownership stakes, and Nick Coder was named President.

  • Buyer
    Lightview Capital, Patriot Capital, Aldine Capital Partners
    Target
    Vermana, Pulexa, nV Pools
    Seller
    Founders/owners of the three affiliated companies (Edgar Marinelarena, Andres Gomez, Domingo Gonzalez)
    Industry
    Construction
    Type
    Buyout

    Lightview Capital made a strategic majority investment to create Vermana, a newly consolidated commercial pool services and construction platform combining Vermana, Pulexa, and nV Pools and headquartered in Orlando, Florida. Patriot Capital and Aldine Capital Partners provided complementary financing alongside Lightview to support the platform’s rebrand, geographic expansion across the Southeast, and follow-on acquisition strategy; Parcrest Advisors served as exclusive financial advisor to the sellers (founders).

  • Buyer
    Aldine Capital Partners, Conanicut Capital
    Target
    Capstone Integrated Solutions, Retail Process Engineering
    Industry
    IT Services
    Location
    United States

    Aldine Capital Partners, alongside Conanicut Capital, provided subordinated debt and equity to Capstone Integrated Solutions and Retail Process Engineering to form "Capstone Holdco," a platform focused on retail and payment-processing software, consulting, and managed services. The investment will support the new platform’s growth and pursue add-on acquisitions to expand its outsourced digital transformation and supply-chain technology capabilities.

  • Buyer
    Aldine Capital Partners, Compass Group Equity Partners
    Target
    Continental Pump, Integrity Pump & Motor
    Industry
    Manufacturing
    Location
    United States

    Aldine Capital Partners provided a subordinated note and equity investment alongside Compass Group Equity Partners to back Continental Pump (Missouri) and Integrity Pump & Motor (Tennessee), creating a combined pump manufacturing platform (branded Kinetiflo Group). The partnership brings together progressive cavity, vertical, submersible and centrifugal pump capabilities to offer a broader suite of pumps, parts and services across multiple end markets.

  • Buyer
    Holleway Capital Partners, Aldine Capital Partners, NewSpring Mezzanine Capital, Doug Matsunaga
    Target
    Braner USA, Inc.
    Seller
    Braner shareholders
    Industry
    Manufacturing
    Type
    Buyout

    Holleway Capital Partners led an investor group that acquired Braner USA, Inc., a Schiller Park, Illinois manufacturer of precision flat-rolled coil processing and automated coil handling systems. The transaction — which included co-investors Aldine Capital Partners, NewSpring Mezzanine Capital and Braner CEO Doug Matsunaga — was advised by Prairie Capital Advisors and was completed to provide liquidity and succession for Braner’s shareholders and to support future growth.

  • Buyer
    Aldine Capital Partners, Provariant Equity Partners
    Target
    Smart Vent Holdings LLC

    Aldine Capital Partners provided a subordinated note and equity investment alongside Provariant Equity Partners in Smart Vent Holdings LLC, a Mount Royal, New Jersey-based manufacturer of engineered flood mitigation products. The capital infusion is a growth-oriented financing to support Smart Vent’s manufacturing and floodproofing services across residential, commercial and municipal markets.

  • Buyer
    Watchtower Capital Partners, Aldine Capital Partners
    Target
    SPS Mechanical, JF Plumbing & Heating, CarrFord Heating & Air Conditioning
    Seller
    Founders of SPS Mechanical, Founders of JF Plumbing & Heating, Founders of CarrFord Heating & Air Conditioning
    Type
    Buyout

    Watchtower Capital Partners led a platform investment to form Ally Services by simultaneously acquiring SPS Mechanical and JF Plumbing & Heating, with Aldine Capital Partners providing subordinated debt and equity. Ally, a regional provider of plumbing, HVAC and water-filtration services serving over 3,000 residential and light-commercial customers across the Mid-Atlantic, immediately completed an add-on acquisition of CarrFord Heating & Air Conditioning to expand its New Jersey footprint.

  • Buyer
    Lometa Capital Partners, Aldine Capital Partners, Management and certain outside investors
    Target
    National Gym Supply, LLC
    Seller
    Jon Webster, Rob Jacobs
    Type
    Buyout

    Lometa Capital Partners, in partnership with company management and junior investor Aldine Capital Partners, acquired a majority stake in National Gym Supply (NGS). Founders Jon Webster and Rob Jacobs sold the majority interest but retain significant minority ownership and will remain involved; the transaction was funded with senior debt from Sunflower Bank and junior debt/equity from Aldine to support NGS's growth as an aftermarket parts distributor for commercial fitness equipment.

  • Buyer
    Aldine Capital Partners, Four Count Holdings, LLC, Compass Group Equity Partners
    Target
    AIT Consulting Services, Mearthane Products Corporation
    Location
    United States

    Aldine Capital Partners provided subordinated-note and equity investments in two companies: OneStream advisory firm AIT Consulting Services (co-investing with Four Count Holdings) and polyurethane elastomers manufacturer Mearthane Products Corporation (co-investing with Compass Group Equity Partners). The transactions supply junior capital and equity to support growth and capability expansion for each business.

  • Buyer
    Aldine Capital Partners, Coltala Holdings, Alta Fox Capital Management / Alta Fox Opportunities Fund, Lightview Capital, Harbert Management Corporation / Harbert Credit Solutions, Resolute Capital Partners
    Target
    Pond, Robinson & Associates (PR&A), PlusMedia LLC
    Location
    United States

    Aldine Capital Partners announced investments in two U.S. businesses: Dallas-based Pond, Robinson & Associates (PR&A) — with Coltala Holdings and partners including Alta Fox — and Danbury-based PlusMedia — in a Lightview Capital-led financing with participation from Aldine, Harbert and Resolute. Coltala's investment establishes PR&A as a strategic platform to scale its nationwide commercial real-estate engineering and due-diligence services, while the Lightview-led financing will help PlusMedia expand its omnichannel performance marketing capabilities and technology.

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