Private Equity Firm Other

Mosaic Capital Partners

Charlotte, North Carolina, United States

Mosaic Capital Partners is an employee-ownership private equity firm focused on acquiring lower middle-market companies through Employee Stock Ownership Plan (ESOP) or Employee Ownership Trust (EOT) buyouts.

Focus Areas
Employee ownership / ESOP buyouts, Lower middle-market private equity

Tracked deals

11

11 tracked deals across 2017-2026.

Recent pace

2

2 tracked deals announced in the last 12 months.

Deal mix

Recapitalization

5 recapitalization · 3 addon · 1 buyout

Mosaic Capital Partners Acquisition Volume by Year

Last 7 years

Acquisition volume by year Annual acquisition counts for the last 7 years for Mosaic Capital Partners. 1 2017 3 2019 2 2021 1 2023 1 2024 1 2025 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Mosaic Capital Partners, LLC
    Target
    Southern Shade Tree Co., Inc.
    Seller
    Southern Shade Tree management team (retained meaningful ownership; names not individually specified), Roger Braswell (longtime owner; retained sizable ownership position)

    Mosaic Capital Partners invested in Southern Shade Tree Co., Inc., a full-service landscaping company operating throughout the Carolinas. Southern Shade Tree management retained meaningful ownership and continues to lead the business under Mosaic’s employee-ownership approach, including the creation of an Employee Ownership Trust.

  • Buyer
    Mosaic Capital Partners, LLC, Southern Shade Tree Co., Inc.
    Target
    Atlantic Coast Landscaping Services, LLC
    Type
    Addon

    Simultaneously with its investment in Southern Shade Tree, Mosaic and SST completed the acquisition of Atlantic Coast Landscaping Services, LLC, an eastern North Carolina landscaping operation. Atlantic Coast’s leaders remain in their roles and the employees are made eligible to participate in the new Employee Ownership Trust.

  • Buyer
    Mosaic Capital Partners LLC
    Target
    IE Group Holdings, Inc. (Ickler Electric)
    Seller
    Randy Minnier
    Industry
    Construction

    Mosaic Capital Partners has invested in the newly formed IE Group Holdings, Inc. ESOP (Ickler Electric), enabling a transition to employee ownership while founder Randy Minnier remains President and CEO. Financial partners on the transaction included UMB Bank and Lafayette Square, and Capstone Partners served as financial advisor to Ickler Electric; the Company employs nearly 350 people and is headquartered in Poway, California.

  • Buyer
    Best Friends Pet Care, Mosaic Capital Partners
    Target
    Paws Pet Resort
    Seller
    Family owners of Paws Pet Resort
    Industry
    Veterinary
    Type
    Addon

    Best Friends Pet Care, a portfolio company of Mosaic Capital Partners, has acquired Paws Pet Resort, a regional pet resort and services company based in Sioux Falls, South Dakota. Peakstone served as exclusive M&A advisor to Paws Pet Resort; terms were not disclosed. The deal is an add-on to Best Friends Pet Care's platform to expand its pet care footprint and service offering.

  • Buyer
    Mosaic Capital Partners LLC, Tecum Capital, Salem Investment Partners, Patriot Capital
    Target
    Gautier Steel Holdings Inc.
    Industry
    Manufacturing

    Mosaic Capital Partners led an investment into the newly formed Gautier Steel Holdings Inc. ESOP, supporting the combination of two mills operating in Johnstown, Pennsylvania. Financial partners in the transaction included Tecum Capital, Salem Investment Partners and Patriot Capital, and CEO Glen Buckley will continue to lead the business while employees receive substantial retirement benefits through the ESOP.

  • Buyer
    Mosaic Capital Partners, LLC, Lafayette Square, Morgan Stanley Private Credit, Impact Engine
    Target
    Zero Waste Recycling, LLC

    Mosaic Capital Partners announced an investment in the newly formed Zero Waste Recycling ESOP, enabling employee ownership while providing capital to support growth. Financial partners on the transaction included Lafayette Square, Morgan Stanley Private Credit and Impact Engine; CEO Will Simmons will continue to lead the business from its two processing facilities in Charlotte, North Carolina and Lancaster, South Carolina.

  • Buyer
    Mosaic Capital Partners, NuSource Employee Stock Ownership Plan (ESOP), Stellus Capital Management, LLC
    Target
    NuSource Financial, LLC
    Seller
    Tonka Bay Equity Partners
    Industry
    IT Services

    Mosaic Capital Partners led an employee stock ownership plan (ESOP) to acquire NuSource Financial, a bank-technology and ATM/branch transformation provider headquartered in Eden Prairie, Minnesota, from Tonka Bay Equity Partners. Stellus Capital Management provided first-lien term loan financing and a structured equity co-investment to support the transaction; Pagemill Partners served as NuSource's financial advisor.

  • Buyer
    Mosaic Capital Partners, LLC
    Target
    Boston Barricade Holdings, Inc.
    Seller
    Bob Putnam, Cynthia Putnam

    Mosaic Capital Partners announced an ESOP-backed acquisition of Boston Barricade Holdings, Inc., enabling founders Bob and Cynthia Putnam to provide liquidity and transition ownership to employees while retaining Bob Putnam as CEO. Boston Barricade is a nationwide provider of modular barricade systems, retail graphics and installation services headquartered in Vero Beach, Florida; Boxwood Partners served as the company’s financial advisor.

  • Buyer
    Mosaic Capital Partners, LLC, Graycliff Partners LP, Custom Profile Employee Stock Ownership Plan (ESOP)
    Target
    Custom Profile Holdings, Inc.
    Seller
    Blackford Capital
    Industry
    Manufacturing

    Mosaic Capital Partners led the creation of an Employee Stock Ownership Plan (ESOP) to acquire Custom Profile Holdings, a Grand Rapids-based manufacturer of plastic profile extrusions. Graycliff Partners provided $12.5 million of subordinated debt and structured equity to support the ESOP transaction, which transferred ownership from prior investor Blackford Capital and provides liquidity and growth capital to the business and employee-owners.

  • Buyer
    Mosaic Capital Partners, LLC, Employee Stock Ownership Plan (ESOP) / Best Friends employees, Reed Howlett
    Target
    Best Friends Pet Hotel
    Type
    Buyout

    Mosaic Capital Partners announced an ESOP acquisition of Best Friends Pet Hotel, a national pet hotel operator with 30 U.S. locations and ~90,000 active clients, enabling employees to become owners. Industry veteran Reed Howlett joined as an investor and board member; ICG Capital Securities served as Best Friends' financial advisor.

  • Buyer
    ETAK Systems, Inc., Mosaic Capital Partners, LLC
    Target
    Undisclosed Ohio-based wireless tower construction and site acquisition engineering services provider
    Type
    Addon

    ETAK Systems, a Charlotte-based portfolio company of Mosaic Capital Partners, has acquired an Ohio-based provider of wireless tower construction and site-acquisition engineering services. The add-on expands ETAK's geographic coverage into the Ohio Valley, adds tower crews and site management capabilities, and allows ETAK to integrate drone mapping and 3D modeling into the target's site-acquisition work.

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