Private Equity Firm Financial Services

Five Points Capital

Winston-Salem, North Carolina, United States

Founded in 1997, Five Points Capital is a leading independent private equity manager exclusively focused on the U.S. lower middle market. Its credit strategy includes flexible unitranche, second lien and subordinated debt solutions with equity co-investment to support private, growth-oriented companies and partnerships with private equity investors, direct lending partners and management teams.

Focus Areas
Lower middle market private equity, Direct lending / credit, Unitranche lending

Tracked deals

57

57 tracked deals across 2016-2026.

Recent pace

3

3 tracked deals announced in the last 12 months.

Deal mix

Buyout

26 buyout · 13 addon · 10 growth capital

Five Points Capital Acquisition Volume by Year

Last 9 years

Acquisition volume by year Annual acquisition counts for the last 9 years for Five Points Capital. 2 2017 10 2019 5 2020 9 2021 10 2022 10 2023 5 2024 4 2025 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 57 tracked deals for Five Points Capital.

  • Exeter Street Capital Partners Recapitalizes Price Circuits LLC and Circuitronics LLC
    August 4, 2026
    Buyer
    Exeter Street Capital Partners, Capitala Group, Five Points Capital
    Target
    Price Circuits LLC, Circuitronics LLC
    Seller
    Varghese family
    Industry
    Industrial Services
    Location
    Illinois, United States
    Type
    Recapitalization

    Exeter Street Capital Partners (the private equity affiliate of Patriot Capital Group) announced the recapitalization of Price Circuits LLC and Circuitronics LLC, forming a new buy-and-build strategy for advanced printed circuit boards (PCBs). The transaction is completed in partnership with Capitala Group, Five Points Capital, and the Varghese family, which remains a shareholder, with Pinnacle Bank providing senior working capital financing.

  • Everpath Management Acquires Megawattage LLC
    November 19, 2025
    Buyer
    Everpath Management LLC, Plexus Capital
    Target
    Megawattage LLC
    Industry
    Industrial Services
    Location
    Florida, United States
    Type
    Buyout

    Everpath Management, a Chicago-based investment firm, has acquired Megawattage LLC, a Fort Lauderdale provider of commercial generator services and emergency-response power solutions. The deal, financed with support from Plexus Capital, positions Megawattage as a platform for geographic expansion across the Southeast and pursuit of add-on acquisitions and operational investment.

  • Century Park Forms Green Summit Landscape Group and Completes First Acquisition
    November 18, 2025
    Buyer
    Century Park Capital Partners, Plexus Capital, LLC, GMB Capital Partners
    Target
    Unnamed regional master brand (founder-led landscaping business)
    Seller
    Founders / owners of the regional master brand
    Industry
    Environmental Services
    Location
    United States
    Type
    Buyout

    Century Park Capital Partners, joined by Plexus Capital and GMB Capital Partners, launched Green Summit Landscape Group and completed the platform's first acquisition of a regional, founder-led landscaping company. The sellers are retaining a meaningful ownership stake and will continue to lead the business as Green Summit pursues growth through cross-market expansion, technology enablement and a disciplined buy-and-build strategy.

  • Watchtower Capital Acquires Fence Builders and Green Hill Fence Company
    July 17, 2025
    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
    Location
    North Carolina, United States
    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.

  • TIGRIS Aquatic Services Acquires LakePro, Inc.
    April 14, 2025
    Buyer
    TIGRIS Aquatic Services, LLC, Plexus Capital, LLC
    Target
    LakePro, Inc.
    Seller
    Paul Dominick, Christina Dominick
    Industry
    Environmental Services
    Location
    Michigan, United States
    Type
    Addon

    TIGRIS Aquatic Services, a portfolio company of Plexus Capital, acquired LakePro, Inc., a Swartz Creek, Michigan-based aquatic services firm. The deal expands TIGRIS’s Midwest footprint and adds LakePro’s capabilities in aquatic vegetation control, water quality management and lake consulting to TIGRIS’s national platform; LakePro was founded by Paul and Christina Dominick, who are exiting ownership.

  • Transition Capital Partners Acquires PAT Tank Inc.
    November 1, 2024
    Buyer
    Transition Capital Partners, Plexus Capital
    Target
    PAT Tank Inc.
    Seller
    3 Rivers Capital
    Industry
    Industrial Services
    Location
    Texas, United States
    Type
    Buyout

    Transition Capital Partners (TCP), with financing and an equity co-investment from Plexus Capital, acquired PAT Tank Inc., a Port Arthur, Texas-based provider of above-ground storage tank construction and repair. The transaction closed November 1, 2024, with 3 Rivers Capital selling its portfolio company; GulfStar served as exclusive financial advisor to PAT Tank. The deal positions TCP to capitalize on ongoing regulatory-driven demand for tank installation, repair and upgrades across Gulf Coast industrial markets.

  • Liftout Capital Acquires Pay4Leads, Inc.
    July 17, 2024
    Buyer
    Liftout Capital, Five Points Capital, Source Capital
    Target
    Pay4Leads, Inc.
    Seller
    Don Dowd (Founder and CEO of Pay4Leads)
    Industry
    Marketing & Advertising
    Location
    Pennsylvania, United States
    Type
    Buyout

    Liftout Capital acquired Pay4Leads, Inc., a performance marketing and lead generation firm based in Exton, Pennsylvania. The deal supports Pay4Leads’ expansion from tree-care leads into adjacent residential services verticals such as roofing, siding, and windows. Deal terms were not disclosed.

  • Gymdesk Raises $32.5M Growth Investment from Five Elms Capital
    July 8, 2024
    Buyer
    Five Elms Capital
    Target
    Gymdesk
    Industry
    Cloud & SaaS
    Location
    Texas, United States
    Type
    Growth capital

    Gymdesk, a provider of member management SaaS for gyms and boutique fitness studios, has raised a $32.5 million growth investment from Five Elms Capital. The capital will be used to accelerate product development, expand market reach, and deepen support for existing and new customers.

  • TIGRIS Acquires Aquatic Analysts, Inc.
    June 24, 2024
    Buyer
    TIGRIS Aquatic Services, LLC, Plexus Capital, LLC
    Target
    Aquatic Analysts, Inc.
    Industry
    Environmental Services
    Location
    New Jersey, United States
    Type
    Addon

    TIGRIS Aquatic Services, a portfolio company of Plexus Capital, has acquired Aquatic Analysts, Inc., a New Jersey-based environmental consulting firm specializing in lake, pond and watershed management. The deal expands TIGRIS’s service capabilities and Northeast geographic presence, adding Aquatic Analysts’ scientific expertise and client base to TIGRIS’s national stormwater and water-management platform.

  • TIGRIS Aquatic Services Acquires Natureworks (Clearwater Associates, Inc.)
    June 10, 2024
    Buyer
    TIGRIS Aquatic Services, LLC, Plexus Capital, LLC
    Target
    Natureworks (Clearwater Associates, Inc.)
    Industry
    Environmental Services
    Location
    Pennsylvania, United States
    Type
    Addon

    TIGRIS Aquatic Services, a Plexus Capital‑backed provider of stormwater management services, has acquired Natureworks (Clearwater Associates, Inc.), a Pennsylvania‑based lake and pond management and fountain distribution business. The deal expands TIGRIS’ footprint and capabilities across Pennsylvania, New Jersey, Delaware and Maryland while adding dealer and repair capabilities for aeration and fountain equipment.

  • Plexus Capital Acquires Southern Elevator Group with Financing from Brightwood Capital
    October 26, 2023
    Buyer
    Plexus Capital, Brightwood Capital Advisors
    Target
    Southern Elevator Group
    Industry
    Industrial Services
    Location
    North Carolina, United States
    Type
    Buyout

    Plexus Capital has acquired Southern Elevator Group, a provider of elevator installation, maintenance, modernization and repair services, with financing support from Brightwood Capital Advisors. Brightwood provided debt financing to back the transaction, which Plexus says will position Southern to accelerate growth and enhance its service offerings across commercial, residential and institutional end markets.

  • Plexus Capital Acquires Majority Interest in National Boiler Service
    September 29, 2023
    Buyer
    Plexus Capital
    Target
    National Boiler Service
    Industry
    Industrial Services
    Location
    Georgia, United States
    Type
    Buyout

    Plexus Capital has acquired a majority interest in National Boiler Service (NBS), a Trenton, Georgia–based provider of boiler maintenance, repair and installation services serving pulp & paper, chemical, power generation and utility end markets. Plexus plans to support NBS’s growth — expanding customers and complementary services organically and via strategic acquisitions.

Related Acquisition Pages

Industrial Services Buyers & Acquisitions 11 tracked deals by Five Points Capital. Healthcare Services Buyers & Acquisitions 8 tracked deals by Five Points Capital. Environmental Services Buyers & Acquisitions 7 tracked deals by Five Points Capital. Cloud & SaaS Buyers & Acquisitions 4 tracked deals by Five Points Capital. Acquisitions in California 10 tracked deals by Five Points Capital. Acquisitions in Georgia 6 tracked deals by Five Points Capital. Acquisitions in Texas 5 tracked deals by Five Points Capital. Acquisitions in Illinois 4 tracked deals by Five Points Capital.

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