Private Equity Firm Financial Services

Carlson Private Capital Partners

Minnetonka, Minnesota, United States

Carlson Private Capital Partners is a private investment firm formed by the Carlson family that invests family capital in leading middle-market businesses for long-term value creation. The firm blends private-equity-style investing with a longer-duration, permanent-capital orientation, partnering with management to build thriving businesses.

Focus Areas
Private equity, Middle-market investments

Tracked deals

10

10 tracked deals across 2019-2025.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

4 buyout · 3 addon · 3 growth capital

Carlson Private Capital Partners Acquisition Volume by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Carlson Private Capital Partners. 2 2019 5 2020 1 2021 1 2022 1 2025

Supporting Data

Recent Transactions

  • Shore Rock Partners and Carlson Private Capital Back AMAG Technology; Allied Universal Retains Minority Stake
    December 9, 2025
    Buyer
    Shore Rock Partners, Carlson Private Capital Partners, BellTower Partners
    Target
    AMAG Technology
    Seller
    Allied Universal
    Industry
    Software
    Location
    California, United States
    Type
    Buyout

    Shore Rock Partners acquired a controlling stake in AMAG Technology, a Hawthorne, California–based provider of physical access control, identity and video management solutions, in a deal completed with co-investment and support from Carlson Private Capital Partners and BellTower Partners. Allied Universal retains a significant minority interest and AMAG’s management will continue leading the business as the new ownership group supports increased product investment and growth focused on mission-critical end markets such as data centers, healthcare, and education.

  • Carlson Private Capital Partners Invests in Thermo Systems
    November 30, 2022
    Buyer
    Carlson Private Capital Partners
    Target
    Thermo Systems
    Industry
    Engineering Services
    Location
    New Jersey, United States
    Type
    Growth capital

    Carlson Private Capital Partners (CPC) made a significant investment in founder-owned Thermo Systems, a control systems integration firm headquartered in East Windsor, New Jersey. Thermo Systems (founded 1998) provides automation and control integration across data center, life sciences and district energy end markets, operates multiple U.S. and European offices, and has completed nearly 1,700 projects for over 200 customers; the investment is intended to support Thermo's growth and expansion.

  • Carlson Private Capital Partners Invests in Millennium
    December 7, 2021
    Buyer
    Carlson Private Capital Partners
    Target
    Millennium
    Industry
    Telecommunications
    Location
    Wisconsin, United States
    Type
    Growth capital

    Carlson Private Capital Partners (CPC) made a significant investment in Millennium, a Delavan, Wisconsin-based value-added distributor and service provider for broadband infrastructure; the transaction closed on November 30, 2021 and financial terms were not disclosed. CPC said the investment will accelerate Millennium’s growth and support expansion into new geographies and enhanced product and technology capabilities while partnering with founder/management.

  • Carlson Private Capital Partners Adds Elite Fan Shop and Yesterdays Sportswear to Lakeshirts/Blue84 Platform
    November 30, 2020
    Buyer
    Carlson Private Capital Partners, Noah Lichtig
    Target
    Elite Fan Shop, Yesterdays Sportswear
    Seller
    Top of the World
    Industry
    E-Commerce
    Location
    United States
    Type
    Addon

    Carlson Private Capital Partners (CPC) completed two add-on transactions for its Lakeshirts/Blue84 platform: acquisition of certain assets of Elite Fan Shop (from Top of the World) and an investment in Yesterdays Sportswear. The deals expand Lakeshirts/Blue84’s e-commerce presence and add custom screen-printing and embroidery capabilities focused on resort, surf and wine-industry end markets.

  • Pattern Acquires Enlisted Design and Trophy Skin
    September 10, 2020
    Buyer
    Pattern, Carlson Private Capital Partners
    Target
    Enlisted Design, Trophy Skin
    Industry
    E-Commerce
    Location
    California, United States
    Type
    Addon

    Pattern, the PE-backed global ecommerce platform, acquired Enlisted Design—an award-winning industrial, packaging, branding and digital design agency—to integrate data-driven design into its ecommerce offering. The move (alongside Pattern’s acquisition of skincare brand Trophy Skin) follows Pattern’s $52M round of outside funding and is positioned as add-on acquisitions to deepen capabilities for Pattern’s brand partners.

  • Carlson Private Capital Partners' Lakeshirts/Blue84 Acquires Zephyr Headwear
    August 31, 2020
    Buyer
    Carlson Private Capital Partners, Lakeshirts/Blue84
    Target
    Zephyr Headwear
    Industry
    Consumer Products
    Location
    Colorado, United States
    Type
    Addon

    Carlson Private Capital Partners completed its first add-on acquisition for platform Lakeshirts/Blue84 with the purchase of Zephyr Headwear, a Loveland, Colorado-based collegiate headwear manufacturer. The deal expands the Lakeshirts/Blue84 platform’s headwear capabilities and strengthens its position in the collegiate and licensed headwear market; financial terms and the seller were not disclosed.

  • Carlson Private Capital Partners Invests in Pattern
    July 24, 2020
    Buyer
    Carlson Private Capital Partners, KSV Global, Ainge Advisory, Duchossois Capital Management
    Target
    Pattern
    Industry
    E-Commerce
    Location
    Utah, United States
    Type
    Growth capital

    Carlson Private Capital Partners led an investment in Pattern, a global ecommerce marketplace platform founded by Melanie Alder and David Wright, with co-investments from KSV Global, Ainge Advisory, and Duchossois Capital Management. The growth capital injection is intended to support Pattern’s expansion and its data-driven marketplace services that help brands grow profitability across marketplaces like Amazon, Walmart, eBay and international channels.

  • Carlson Private Capital Partners Invests in Street Smart
    March 31, 2020
    Buyer
    Carlson Private Capital Partners
    Target
    Street Smart
    Industry
    Industrial Services
    Location
    Minnesota, United States
    Type
    Buyout

    Carlson Private Capital Partners made an investment in Street Smart, a Lino Lakes, Minnesota–based rental provider of traffic safety equipment and smart work zone services. The investment is intended to support Street Smart's growth and technology-enabled service expansion as the company transitions from a family-owned business.

  • Carlson Private Capital Partners and Yukon Partners Invest in Lakeshirts / Blue 84
    December 23, 2019
    Buyer
    Carlson Private Capital Partners, Yukon Partners
    Target
    Lakeshirts / Blue 84
    Seller
    Founder and existing shareholders
    Industry
    Consumer Products
    Location
    Minnesota, United States
    Type
    Buyout

    Carlson Private Capital Partners made a significant investment to take a long-term position in founder-owned Lakeshirts / Blue 84, a designer, manufacturer and distributor of customized apparel headquartered in Detroit Lakes, Minnesota. Yukon Partners provided mezzanine financing in support of the transaction to back Carlson's platform investment and the company's next phase of growth.

  • Carlson Private Capital Partners Acquires LindFast Solutions Group
    March 31, 2019
    Buyer
    Carlson Private Capital Partners
    Target
    LindFast Solutions Group
    Industry
    Industrial Services
    Location
    Minnesota, United States
    Type
    Buyout

    Carlson Private Capital Partners closed its first investment by acquiring LindFast Solutions Group, a master distributor of specialty fasteners headquartered in Blaine, Minnesota. LindFast (formerly Lindstrom), which includes the Stelfast imperial fasteners business and a deep inventory of ~130,000 SKUs across North America, will serve as Carlson’s platform in the specialty fastener distribution market.

Related Acquisition Pages

E-Commerce Buyers & Acquisitions 3 tracked deals by Carlson Private Capital Partners. Consumer Products Buyers & Acquisitions 2 tracked deals by Carlson Private Capital Partners. Industrial Services Buyers & Acquisitions 2 tracked deals by Carlson Private Capital Partners. Engineering Services Buyers & Acquisitions 1 tracked deal by Carlson Private Capital Partners. Acquisitions in Minnesota 3 tracked deals by Carlson Private Capital Partners. Acquisitions in California 2 tracked deals by Carlson Private Capital Partners. Acquisitions in Colorado 1 tracked deal by Carlson Private Capital Partners. Acquisitions in New Jersey 1 tracked deal by Carlson Private Capital Partners.

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