Private Equity Firm Financial Services

Patriot Capital

Baltimore, Maryland, United States

Patriot Capital provides debt and equity capital for acquisitions, management buyouts, and recapitalizations, as well as business expansion investments. Focus is principally on the domestic United States.

Focus Areas
Debt and equity investment capital (lower-middle-market)

Tracked deals

45

45 tracked deals across 2019-2026.

Recent pace

3

3 tracked deals announced in the last 12 months.

Deal mix

Addon

16 addon · 15 buyout · 8 growth capital

Patriot Capital Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Patriot Capital. 5 2019 4 2020 6 2021 7 2022 9 2023 10 2024 1 2025 ~4 est. 3 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 45 tracked deals for Patriot Capital.

  • Buyer
    Patriot Capital
    Target
    Agathos AEC
    Location
    United States

    Patriot Capital announced an investment in Agathos AEC, a growth-oriented architecture and engineering (A26E) platform designed to build a diversified, nationwide design-firm ecosystem. The platform will partner with founding firms including Plump Engineering (PEI) and JMPE, and Hunter Forest Capital is cited in connection with the platform’s acquisitions.

  • Buyer
    Agathos AEC, Hunter Forest Capital, Aldine Capital Partners, Petra Capital Partners, Pine Street Capital, Patriot Capital
    Target
    JMPE Electrical Engineering
    Type
    Addon

    Agathos AEC, a portfolio company of Hunter Forest Capital, acquired JMPE Electrical Engineering in an acquisition that closed on February 2, 2026. JMPE is a full-spectrum electrical engineering and lighting design firm serving commercial, industrial, government, and residential clients.

  • Buyer
    Patriot Capital, Clearwell Group, Northcreek Mezzanine
    Target
    Flash-Rite
    Type
    Buyout

    Patriot Capital announced a debt and equity co-investment in Flash-Rite, supporting the acquisition of Flash-Rite by the Clearwell Group, a Tampa-based family office. Flash-Rite provides traffic safety and control services to municipalities, utilities, and event customers across Central Florida.

  • Buyer
    Lightview Capital, Patriot Capital, Aldine Capital Partners
    Target
    Vermana, Pulexa, nV Pools
    Seller
    Founders/owners of the three affiliated companies (Edgar Marinelarena, Andres Gomez, Domingo Gonzalez)
    Industry
    Construction
    Type
    Buyout

    Lightview Capital made a strategic majority investment to create Vermana, a newly consolidated commercial pool services and construction platform combining Vermana, Pulexa, and nV Pools and headquartered in Orlando, Florida. Patriot Capital and Aldine Capital Partners provided complementary financing alongside Lightview to support the platform’s rebrand, geographic expansion across the Southeast, and follow-on acquisition strategy; Parcrest Advisors served as exclusive financial advisor to the sellers (founders).

  • Buyer
    Patriot Capital
    Target
    Libra Industries
    Industry
    Manufacturing

    Patriot Capital announced a new growth investment in Libra Industries, an existing portfolio company of CW Industrial Partners, to support the company's next stage of growth. Libra is a U.S.-based systems integrator and outsourced manufacturing partner providing PCBA/EMS, precision machining and metal fabrication to semiconductor, medical, aerospace and industrial OEM markets.

  • Buyer
    The Black Phoenix Group LLC, Patriot Capital, Bluehenge Capital Partners
    Target
    PACCAR Winch
    Seller
    PACCAR Inc.
    Industry
    Manufacturing
    Type
    Buyout

    The Black Phoenix Group LLC completed the acquisition of PACCAR Winch from PACCAR Inc. on November 1, 2024; financial terms were not disclosed. Patriot Capital and Bluehenge Capital Partners provided debt and equity co-investment support for the carve-out; PACCAR Winch will continue to operate under its current management and join BPG’s industrial portfolio.

  • Buyer
    Patriot Capital
    Target
    Quality Brand Group

    Patriot Capital provided a debt and equity co-investment in Quality Brand Group to support QBG’s acquisition of another Dunkin' franchisee and to refinance the company's debt. Quality Brand Group, formed by MRE Capital and Blue Marlin Partners, is a multi‑unit franchisee operating over 180 Dunkin' and Buffalo Wild Wings GO locations across Arizona, Florida, Colorado, Nevada and Texas.

  • Buyer
    Terramont Infrastructure Partners, Tecum Capital, Patriot Capital, Comerica Bank
    Target
    Long Island Waste Services

    Terramont Infrastructure Partners led a recapitalization of Long Island Waste Services (LIWS), with equity and debt co-investments from Tecum Capital and Patriot Capital and senior debt financing from Comerica Bank. The capital infusion will support LIWS’s continued growth, platform expansion and materials-recovery/recycling capabilities; Dickson Suit of Environmental Services Investors served as advisor to LIWS.

  • Buyer
    Patriot Capital
    Target
    TCB Franchising

    Patriot Capital has made a growth investment in TCB Franchising, a Memphis-based franchisor and portfolio company of Eagle Merchant Partners. The capital will support expansion of TCB's brands — AmeriSpec Inspection Services, Furniture Medic and newly launched Renew Medic — across the U.S. and Canada.

  • Buyer
    Clean Water Environmental Services, Patriot Capital, Rockwood Equity Partners
    Target
    WBE Environmental, Inc. dba Florida Silt Fencing
    Type
    Addon

    Clean Water Environmental Services (CWES), a Rockwood Equity Partners portfolio platform, has acquired WBE Environmental, Inc. dba Florida Silt Fencing, a Florida-based erosion control and silt fence installer. Patriot Capital provided debt financing to support the add-on acquisition, and management (Joelle DeVane and Bill DeVane) will remain in leadership to ensure continuity of operations.

  • Buyer
    Patriot Capital, Independent Bankers Capital Funds, Capital For Business, Konza Valley Capital, Jeff Reitz
    Target
    Central States Bus Sales, Inc.
    Industry
    Transportation

    Patriot Capital led a debt and equity co-investment to support a majority recapitalization of Central States Bus Sales, Inc. The transaction included co-investors Independent Bankers Capital Funds, Capital For Business, Konza Valley Capital and CSBS President & CEO Jeff Reitz, and provides capital to support the dealer’s long-term growth and geographic expansion across its multi-state territory.

  • Buyer
    Salem One, Granite Creek Capital Partners, Patriot Capital, Salem One management (rollover investors led by Phil Kelley, Jr. and Scott Mahoney)
    Target
    iTek Graphics
    Industry
    Packaging
    Type
    Addon

    Salem One, a Granite Creek Capital Partners portfolio company, has acquired iTek Graphics, a printing and graphics company based in Concord, North Carolina. The transaction was funded by Granite Creek’s FlexCap III fund with a co-investment from Patriot Capital and will operate iTek as a stand-alone division of Salem One, expanding Salem One’s printing, packaging and corporate communications capabilities in the Southeast.

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