Private Equity Firm Other

Astara Capital Partners

New York, New York, United States

Astara (formed in 2020) is an integrated team of investors and operators with over 100 years of cumulative middle-market experience. It targets investments in building products, business & industrial services, forest products, packaging & converting, food processing & distribution, aerospace & defense, and niche manufacturing, typically as a value-oriented and special-situations investor that seeks catalysts such as carve-outs, restructurings, or buyouts to improve businesses.

Focus Areas
Middle-market private equity, Special situations, Value-oriented investing

Tracked deals

15

15 tracked deals across 2021-2026.

Recent pace

2

2 tracked deals announced in the last 12 months.

Deal mix

Addon

8 addon · 6 buyout · 1 growth capital

Astara Capital Partners Acquisition Volume by Year

Last 6 years

Acquisition volume by year Annual acquisition counts for the last 6 years for Astara Capital Partners. 3 2021 1 2022 2 2023 3 2024 5 2025 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 15 tracked deals for Astara Capital Partners.

  • Buyer
    Astara Capital Partners, LLC
    Target
    Dynatec Systems
    Type
    Buyout

    Astara Capital Partners, a middle-market private equity firm, announced the acquisition of Dynatec Systems, a Burlington, New Jersey-based provider of membrane-based industrial wastewater treatment systems and aftermarket services. Astara plans to invest in Dynatec’s DBOOOM (design-build-own-operate-maintain) and service capabilities and expand into adjacent technologies and new end markets amid rising water scarcity and tighter industrial discharge regulations.

  • Buyer
    Del-Air Plumbing, Air Conditioning and Electric, Astara Capital Partners
    Target
    McGowan's Heating & Air Conditioning
    Seller
    Mike Regula, Doug Regula
    Type
    Addon

    Del-Air Plumbing, Air Conditioning and Electric has acquired Jacksonville-based McGowan's Heating & Air Conditioning, expanding Del-Air's service footprint into northeast Florida. Del-Air, a PE-backed platform majority owned by Astara Capital Partners, will integrate McGowan's operations and customers while preserving warranties and adding Del-Air's broader plumbing and electrical services.

  • Buyer
    Astara Capital Partners, LLC, Astara Capital Fund I
    Target
    Garlock Flexibles, C-P Flexible Packaging
    Industry
    Manufacturing
    Type
    Addon

    Astara Capital Partners led a continuation vehicle for Garlock Flexibles and simultaneously arranged the merger with C-P Flexible Packaging in October 2025, creating Garlock/C-P. The combined company operates 10 manufacturing locations across the United States and Canada and positions itself as one of the top 15 flexible packaging manufacturers in North America.

  • Buyer
    Unified Service Partners, Astara Capital Partners
    Target
    Pro Restoration
    Industry
    Construction
    Type
    Addon

    Unified Service Partners (USP), a multi-regional roofing platform backed by Astara Capital Partners, has invested in Pro Restoration, a re-roofing contractor serving residential and commercial customers in Illinois and Wisconsin. Pro Restoration will continue to operate under its existing brand and remain led by co-founders Troy Zitzke and Brandon McNames. The transaction expands USP's geographic footprint into the Upper Midwest as an add-on to its platform.

  • Buyer
    Del-Air Plumbing, Air Conditioning and Electric, Astara Capital Partners
    Target
    Keystone Energy & Power Corporation
    Industry
    Construction
    Type
    Addon

    Del-Air Plumbing, Air Conditioning and Electric has acquired Keystone Energy & Power Corporation to expand Del-Air's Residential New Construction (RNC) division and strengthen its electrical contracting capabilities for large-scale residential developments in Florida. Keystone, founded in 2009 by Alan Deese and based in the greater Orlando area, will be integrated into Del-Air's RNC operations; Del-Air is majority owned by Astara Capital Partners.

  • Buyer
    Astara Capital Partners, Unified Service Partners
    Target
    Level Roofing, Envision Roofing, Pappas Roofing
    Industry
    Construction
    Location
    United States
    Type
    Addon

    Astara Capital Partners formed Unified Service Partners (USP), a multi-regional roofing platform, and USP has invested in three roofing businesses: Level Roofing (Orlando, FL), Envision Roofing (Prosper, TX) and Pappas Roofing (Plano, TX). The platform will combine regional roofing businesses to expand geographic coverage, scale operations, and serve residential, multi-family and commercial customers.

  • Buyer
    Del-Air Plumbing, Air Conditioning and Electric, Astara Capital Partners
    Target
    Colman Heating & Air
    Type
    Addon

    Del-Air Plumbing, Air Conditioning and Electric, a Florida indoor comfort provider majority owned by Astara Capital Partners, has acquired Colman Heating & Air of Titusville, Florida. The acquisition expands Del-Air's footprint into Volusia and Flagler counties (Daytona, Titusville, Cape Canaveral, Cocoa, New Smyrna, Ormond Beach and Palm Coast) and adds local HVAC, ductless, heat pump and light commercial service capabilities.

  • Buyer
    Del-Air Plumbing, Air Conditioning and Electric, Astara Capital Partners
    Target
    ARS/Rescue Rooter Vero Beach
    Type
    Addon

    Del-Air Plumbing, Air Conditioning and Electric has acquired and merged ARS/Rescue Rooter Vero Beach, expanding Del-Air’s service footprint along Florida’s east coast. Del-Air is majority owned by private equity firm Astara Capital Partners; the acquisition brings plumbing, heating and air-conditioning capabilities into Del-Air’s existing home services offering.

  • Buyer
    Astara Capital Partners
    Target
    Ally Building Solutions, LLC

    Astara Capital Partners has made an investment in Ally Building Solutions, a Florida-based provider and installer of interior finishes and operator of design studios for new homebuilders. The founder Steve Spade will remain CEO as Astara brings capital, industry relationships, and operational support to accelerate Ally's growth and market share across Florida.

  • December 1, 2023
    Buyer
    Del-Air Plumbing, Air Conditioning and Electric, Astara Capital Partners
    Target
    Simpson Air
    Type
    Addon

    Del-Air Plumbing, Air Conditioning and Electric (majority-owned by Astara Capital Partners) has acquired Simpson Air, a Tampa-area air conditioning and heating services provider founded in 1999. The add-on expands Del-Air’s presence across the Tampa Bay market and broadens services available to Simpson Air’s homebuilder, homeowner and light-commercial customers, including air purification, HVAC, ventilation and ductwork services.

  • Buyer
    Astara Capital Partners
    Target
    Wyandot Snacks
    Seller
    Brown family
    Industry
    Food & Beverage
    Type
    Buyout

    Astara Capital Partners has completed an investment in Wyandot Snacks, acquiring a majority stake in the Marion, Ohio-based contract manufacturer of snack foods and cereals. The Brown family will transition ownership while CEO Dewey Armstrong remains in place; Astara said the investment will position Wyandot to be debt-free and provide strategic, operational and financial resources to accelerate growth.

  • Buyer
    Astara Capital Partners, LLC
    Target
    Del-Air Heating and Air Conditioning
    Seller
    Employee owners (ESOP)
    Type
    Buyout

    Astara Capital Partners completed an investment in Del-Air Heating and Air Conditioning, partnering with the company's employee owners (an ESOP). The investment makes Del-Air debt free, positions it for operational and strategic growth across its Florida footprint, and led to the appointment of Rick Rogers as CEO and Faizzy Saghir as COO; terms were not disclosed.

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