Private Equity Firm Industrial Services

Cross Rapids Capital

New York, New York, United States

Private equity firm, focused on lower middle market industrial and services companies in North America. We provide flexible capital solutions and hands-on partnership to enable companies to maximize their potential.

Focus Areas
Industrial and services middle-market investments (mixed industrial/services focus)
Website
crossrapids.com

Tracked deals

10

10 tracked deals across 2021-2026.

Recent pace

3

3 tracked deals announced in the last 12 months.

Deal mix

Addon

6 addon · 3 recapitalization · 1 buyout

Cross Rapids Capital Acquisition Volume by Year

Last 5 years

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

Supporting Data

Recent Transactions

  • Buyer
    Cross Rapids Capital LP (affiliate), Chicago Capital Partners (affiliate; exited)
    Target
    Nickerson NY, LLC
    Seller
    Affiliate of Chicago Capital Partners
    Industry
    Manufacturing

    Nickerson NY, LLC completed an equity recapitalization in which an affiliate of Chicago Capital Partners exited its equity investment and the company received new growth equity from an affiliate of Cross Rapids Capital. The transaction is intended to help Nickerson accelerate growth by expanding product and service offerings, deepening relationships with school districts and institutional customers, and expanding its footprint.

  • Buyer
    All Glass & Windows, Cross Rapids Capital LP
    Target
    Sarasota Glass & Mirror
    Seller
    Sarasota Glass & Mirror (owners not specified), Unspecified sellers/owners of Sarasota Glass & Mirror (not named in article)
    Type
    Addon

    Generational Group announced the sale of Sarasota Glass & Mirror to All Glass & Windows, a portfolio company of Cross Rapids Capital LP. The acquisition closed on February 12, 2026. Sarasota Glass & Mirror is based in Sarasota, Florida and provides glass and glazing services for residential and commercial customers.

  • Buyer
    PAK Quality Foods LLC, Cross Rapids Capital L.P.
    Target
    H&R Foods, Vernon Transportation LP, AmTex H&R Foods LLP, Inc.
    Seller
    Vernon Transportation LP, AmTex H&R Foods LLP, Inc.
    Industry
    Food & Beverage
    Type
    Addon

    PAK Quality Foods LLC, a portfolio company of Cross Rapids Capital, has acquired substantially all assets of Vernon Transportation LP and AmTex H&R Foods LLP, which operate as H&R Foods, a regional food distributor based in Amarillo, Texas. The deal expands PAK Quality Foods’ product and service offerings and broadens its customer footprint across Texas and neighboring states; H&R Foods’ leadership (John and Barry Vernon) will remain with the business.

  • Buyer
    PAK Quality Foods, Cross Rapids Capital
    Target
    Formosa Foods (Las Colinas International Inc.)
    Seller
    Las Colinas International Inc. (Formosa Foods), Jesse Chang, Weldon Chang
    Industry
    Food & Beverage
    Type
    Addon

    Fort Worth-based PAK Quality Foods has acquired the assets of Las Colinas International Inc. (Formosa Foods), a Dallas family-owned foodservice distributor, expanding PAK's product mix and geographic reach across Texas, Oklahoma, Louisiana and Arkansas. The Formosa owners, Jesse and Weldon Chang, will continue to lead the business and have made an investment in PAK; the move builds on PAK's expansion under PE owner Cross Rapids Capital.

  • Buyer
    Cross Rapids Capital LP
    Target
    All Glass & Windows Holdings, Inc.
    Seller
    Prospect Partners

    Cross Rapids Capital LP completed an equity recapitalization of All Glass & Windows Holdings, Inc., with Prospect Partners exiting its investment. The recapitalization will provide capital to support the company's organic and inorganic growth plans while keeping the founding management team in place.

  • Buyer
    Wholesale Produce Supply LLC (WPS Fresh), Cross Rapids Capital LP
    Target
    G.O. Corporation I (G.O. Fresh)
    Seller
    G.O. Corporation I, Marylou Owen
    Industry
    Food & Beverage
    Type
    Addon

    Wholesale Produce Supply LLC (WPS Fresh), a portfolio company of Cross Rapids Capital LP, has acquired the assets of G.O. Corporation I (operating as G.O. Fresh), a fresh-cut produce processor. The transaction expands WPS Fresh's fresh-cut capacity and product offerings to better serve foodservice distributors in the Upper Midwest; owner Marylou Owen will remain through a transition period.

  • Buyer
    Cross Rapids Capital LP
    Target
    PAK Quality Foods, LLC, D Bar Cold Storage, LLC (dba FrigiServe)
    Seller
    Gary Stokes and Patty Stokes (founders / existing shareholders)
    Industry
    Food & Beverage

    An affiliate of Cross Rapids Capital completed an equity recapitalization of PAK Quality Foods, LLC (which includes D Bar Cold Storage d/b/a FrigiServe). The transaction brings in Cross Rapids' capital and resources to support growth and expansion; John Pieper was appointed CEO while founders Gary and Patty Stokes remain significant shareholders. Debt for the recapitalization was provided by Maranon Capital L.P. and Manulife Investment Management.

  • Buyer
    CAM Industrial Solutions LLC, Cross Rapids Capital LP
    Target
    Worley's North American maintenance and turnaround business, Worley's power operations and maintenance business
    Seller
    Worley Limited
    Type
    Addon

    CAM Industrial Solutions, a portfolio company backed by Cross Rapids Capital, completed the acquisition of Worley’s North American maintenance and turnaround business and Worley’s power operations and maintenance business. The combination creates a scaled industrial services platform with pro forma revenue of about $800 million and more than 5,000 employees, expanding CAM’s maintenance, turnaround and power O&M capabilities across North America.

  • Buyer
    Wholesale Produce Supply LLC, Cross Rapids Capital L.P.
    Target
    Bandwagon Brokerage LLC
    Seller
    Dennis Berman
    Industry
    Food & Beverage
    Type
    Addon

    Wholesale Produce Supply LLC, a Cross Rapids Capital portfolio company, has acquired Bandwagon Brokerage LLC, a specialty produce distributor based in Vernon, California. The deal adds Bandwagon’s specialty fruits, vegetables and cold-chain capabilities to WPS’s core produce programs to broaden product offerings and customer reach across the U.S. and international markets.

  • Buyer
    Cross Rapids Capital L.P., The Baupost Group LLC
    Target
    Wholesale Produce Supply LLC
    Seller
    Affiliates of Mill City Capital L.P.
    Industry
    Food & Beverage
    Type
    Buyout

    An investor group led by Cross Rapids Capital L.P., with strategic partner The Baupost Group, has acquired Wholesale Produce Supply LLC from affiliates of Mill City Capital L.P. The transaction provides WPS with additional resources to accelerate organic and inorganic growth, broaden geographic reach, and expand its fresh-produce logistics and value-added service offerings.

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