Private Equity Firm Business Services

Gryphon Investors

San Francisco, California, United States

Leading middle-market private investment firm focused on building and growing profitable, market-leading companies in Business Services, Consumer, Healthcare, Industrial Growth, and Software & Technology Solutions & Services using an integrated “Deal-Ops” operating model.

Focus Areas
Middle-market private equity, Deal-Ops operating model, Business Services

Tracked deals

137

137 tracked deals across 2018-2026.

Recent pace

15

15 tracked deals announced in the last 12 months.

Deal mix

Addon

99 addon · 29 buyout · 5 recapitalization

Gryphon Investors Acquisition Volume by Year

Last 9 years

Acquisition volume by year Annual acquisition counts for the last 9 years for Gryphon Investors. 1 2018 21 2019 13 2020 28 2021 23 2022 14 2023 15 2024 9 2025 ~19 est. 13 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 137 tracked deals for Gryphon Investors.

  • Buyer
    Safety Management Group, Gryphon Investors
    Target
    CrossSafety
    Industry
    IT Services
    Location
    Canada
    Type
    Buyout

    Safety Management Group (SMG) acquired CrossSafety, a Canadian health, safety, and environmental (EHS) services provider. The deal also includes CrossSafety’s TRH operations in the United States and Mexico, expanding SMG’s coverage across North America and adding ~150 EHS professionals.

  • Buyer
    LEARN Behavioral, Gryphon Investors
    Target
    Little Leaves Behavioral Services
    Seller
    FullBloom
    Type
    Addon

    LEARN Behavioral (backed by Gryphon Investors) acquired Little Leaves Behavioral Services from FullBloom, closing the deal on May 11, 2026. The transaction adds Little Leaves’ 18 center-based ABA programs across Maryland, Virginia, and Florida to LEARN’s existing platform, strengthening LEARN’s density in the Mid-Atlantic and Southeast.

  • Buyer
    AQUA Dermatology
    Target
    Steele Dermatology
    Seller
    Dr. Chynna Steele Johnson (founder of Steele Dermatology)
    Type
    Addon

    AQUA Dermatology, a PE-backed dermatology platform, acquired Steele Dermatology, a private dermatology practice with two locations in the Atlanta, Georgia market. The deal expands AQUA’s presence in Georgia, bringing its total to 19 locations statewide. Financial terms were not disclosed.

  • April 13, 2026
    Buyer
    Fortreum, Gryphon Investors
    Target
    Kovr.AI
    Industry
    Cybersecurity
    Type
    Buyout

    Fortreum, a cybersecurity assessment and advisory firm, announced the acquisition of Kovr.AI, an AI-native compliance platform built for highly regulated organizations. The combined offering pairs Fortreum’s practitioner-led cybersecurity compliance assessments with Kovr.AI’s FedRAMP-authorized, agentic AI platform covering frameworks including FedRAMP, CMMC 2.0, DOD SRG, NIST CSF 2.0, and GovRAMP.

  • Buyer
    Rootstock Software, Gryphon Investors
    Target
    Ascent Solutions
    Industry
    Software
    Type
    Buyout

    Rootstock Software, backed by Gryphon Investors, announced its acquisition of Ascent Solutions, a provider of Salesforce-native ERP and operational applications. The deal is intended to deepen Rootstock’s Salesforce-native ERP and operational capabilities for manufacturers and distributors, expanding “end-to-end operational execution” across sales, service, and finance.

  • Buyer
    AirX Climate Solutions, Inc., Gryphon Investors
    Target
    Northern Air Systems, Inc.
    Seller
    Tim Confer
    Type
    Addon

    AirX Climate Solutions, Inc. acquired Northern Air Systems, Inc. to strengthen its mission-critical and specialty HVAC capabilities. Northern Air’s engineering and manufacturing capabilities for complex applications will be integrated into AirX’s HVAC portfolio, with Northern Air founder Tim Confer transitioning to a strategic advisor role and Will Rausch leading operations as general manager.

  • Buyer
    Mechanix Wear, Gryphon Investors
    Target
    OTEX
    Industry
    Medical Devices
    Type
    Addon

    Mechanix Wear, backed by Gryphon Investors, acquired OTEX, a developer and manufacturer of tech-enabled personal protective equipment (PPE) featuring patented safety and air-quality/cooling technologies. OTEX CEO Jake Weidert will remain with the organization as Vice President of Technology and Materials, and OTEX will operate under Mechanix Wear’s Chicago Protective Apparel division; transaction terms were not disclosed.

  • Buyer
    Gryphon Investors
    Target
    HRSoft
    Seller
    Existing investor Bow River Capital (retaining minority stake; implies partial sale down to Gryphon)
    Industry
    Cloud & SaaS

    Gryphon Investors completed a majority investment in HRSoft, a Denver-based enterprise compensation management software provider. Existing investor Bow River Capital retained a minority stake, and HRSoft’s executive team (led by CEO Joe Poxson) continued to manage the business.

  • Buyer
    Vision Innovation Partners, Gryphon Investors
    Target
    Ophthalmic Associates of Alexandria
    Type
    Addon

    Vision Innovation Partners (VIP), a Gryphon Investors–backed Mid‑Atlantic eye care platform, has acquired Ophthalmic Associates of Alexandria, a comprehensive ophthalmology practice in downtown Alexandria, Virginia. The add‑on expands VIP's footprint in the Alexandria market and strengthens its surgical and ophthalmic disease‑management capabilities as the platform's 27th acquisition.

  • Buyer
    Metagenics, Gryphon Investors
    Target
    Symprove
    Seller
    bd-capital
    Location
    United Kingdom
    Type
    Addon

    Gryphon Investors-backed Metagenics has acquired Symprove, a UK-based probiotic brand, from bd-capital. The deal — terms undisclosed — was completed alongside a strategic debt recapitalization to provide Metagenics with additional capital for organic investment and future M&A; Symprove will continue to be led by CEO Will Bowler.

  • Buyer
    Gryphon Investors
    Target
    Double Wood Supplements
    Seller
    Boyne Capital
    Type
    Buyout

    Boyne Capital announced the sale of its portfolio company, Double Wood Supplements, to Gryphon Investors. Double Wood is a vitamins, minerals, and supplements brand headquartered in Philadelphia, Pennsylvania, with a portfolio of more than 150 SKUs across categories including sleep, healthy aging, active nutrition, and immune support.

  • Buyer
    Gryphon Investors
    Target
    Safety Management Group
    Seller
    NMS Capital
    Industry
    IT Services
    Type
    Buyout

    Gryphon Investors acquired Safety Management Group (SMG), a provider of outsourced Environmental, Health, and Safety (EH&S) services, from NMS Capital. SMG will operate as a platform for future investments in outsourced safety services, including growth in geographic presence and expansion of offerings.

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