Private Equity Firm Financial Services

Revelar Capital

New York, New York, United States

Formerly known as Revelar Capital (Revelar-backed), Revelar Capital (backed Steele Solutions), Revelar Capital (portfolio sponsor)

Revelar Capital is a New York–based private equity firm with three decades of experience uncovering potential and driving growth in the middle market, partnering with management teams across healthcare services, business services, and specialty manufacturing to create lasting value.

Focus Areas
Private equity, Middle-market buyouts, Growth investments

Tracked deals

24

24 tracked deals across 2019-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Addon

14 addon · 9 buyout · 1 recapitalization

Revelar Capital Acquisition Volume by Year

Last 7 years

Acquisition volume by year Annual acquisition counts for the last 7 years for Revelar Capital. 3 2019 3 2020 11 2021 2 2023 3 2024 1 2025 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 24 tracked deals for Revelar Capital.

  • Buyer
    Steele Solutions, Inc., Revelar Capital, Littlejohn Capital
    Target
    Maysteel Industries
    Seller
    Littlejohn Capital
    Type
    Addon

    Littlejohn Capital has completed the sale of Maysteel Industries, a Wisconsin-based provider of custom metal enclosures and precision fabricated solutions, to Steele Solutions, a portfolio company of Revelar Capital. The acquisition expands Steele Solutions’ engineered-products capabilities and deepens its position in fast-growing data center and electrical infrastructure end markets.

  • Buyer
    Wellspring Capital Management
    Target
    Summit Spine & Joint Centers
    Seller
    MSouth Equity Partners
    Type
    Buyout

    Wellspring Capital Management completed the acquisition of Summit Spine & Joint Centers, partnering with Summit management and existing sponsor MSouth Equity Partners. Summit, headquartered in Lawrenceville, Georgia, operates 17 ambulatory surgery centers and 44 clinics across the Southeast; Wellspring aims to accelerate geographic expansion and growth of minimally invasive spine and musculoskeletal services.

  • Buyer
    SupplyOne, Inc., Wellspring Capital Management
    Target
    Gulf Packaging, Inc.
    Industry
    Packaging
    Type
    Addon

    SupplyOne, a portfolio company of Wellspring Capital Management, has acquired Gulf Packaging, Inc., a custom corrugated box and display converter with production facilities in Bay Minette and Tallassee, Alabama. The deal expands SupplyOne’s footprint in the Southeastern U.S. and is the 42nd addition to the SupplyOne portfolio, strengthening its ability to serve customers across Alabama, Florida, Georgia, Tennessee, Mississippi and Louisiana.

  • Buyer
    SupplyOne, Inc., Wellspring Capital Management
    Target
    Columbia Corrugated Box Co., Inc.
    Seller
    Steve Tanner (Owner), Columbia Corrugated Box Co., Inc. (family owners)
    Industry
    Packaging
    Type
    Addon

    SupplyOne, a portfolio company of Wellspring Capital Management, has acquired Columbia Corrugated Box Co., Inc., a family-owned corrugated and protective packaging manufacturer operating in Oregon, Washington and Northern California. The transaction — advised on the sell-side by Footprint Capital — expands SupplyOne's West Coast production and distribution footprint and is the 41st add-on to the SupplyOne platform.

  • Buyer
    SupplyOne, Inc., Wellspring Capital Management
    Target
    Crownhill Packaging, Bacon & Graham, Columbia Corrugated Box
    Industry
    Packaging
    Location
    Ontario, Canada
    Type
    Addon

    SupplyOne, a Wellspring Capital-backed packaging platform, continued its roll-up strategy in 2024 by acquiring Crownhill Packaging (Toronto) as its first international acquisition and completing add-on deals for Bacon & Graham (New Jersey) and Columbia Corrugated Box (West Coast). The transactions expand SupplyOne's geographic footprint across North America and strengthen its corrugated manufacturing and distribution capabilities.

  • Buyer
    Cadence Petroleum Group, Wellspring Capital Management, LLC
    Target
    Hoosier Penn Oil, Inc.
    Seller
    Brian Johnson
    Industry
    Transportation
    Type
    Addon

    Cadence Petroleum Group, a Wellspring Capital Management-backed distributor, has acquired Hoosier Penn Oil, Inc., an Indianapolis-based distributor of motor oil, lubricants, and car care chemicals. Periculum Capital advised HP Oil on the sale as Cadence seeks to increase the density of its Indiana footprint; HP Oil will continue to operate under its current name while leveraging Cadence's broader product and service offerings.

  • Buyer
    Hoffmaster Group, Inc., Gamut Capital Management, L.P., Wellspring Capital Management, L.P.
    Target
    Paterson Pacific Parchment Company
    Seller
    Buckley family, Outside shareholders
    Industry
    Manufacturing
    Type
    Addon

    Hoffmaster Group, Inc. has acquired Paterson Pacific Parchment Company, a Sparks, Nevada-based producer of foodservice paper and parchment products. The transaction is an add-on to Hoffmaster's foodservice platform and was supported by a new equity investment led by Gamut Capital Management alongside existing shareholder Wellspring Capital Management to refinance Hoffmaster's capital structure and support growth.

  • Buyer
    Rohrer Corporation, Wellspring Capital Management
    Target
    Jay Packaging Group
    Seller
    Owners of Jay Packaging Group
    Industry
    Packaging
    Type
    Addon

    Rohrer Corporation, a portfolio company of Wellspring Capital Management, has acquired Jay Packaging Group, a specialty printing and thermoforming packaging company based in Warwick, Rhode Island. The deal expands Rohrer's East Coast manufacturing footprint and adds high-end printing, thermoforming and folded-carton capabilities to its packaging platform.

  • Buyer
    SupplyOne, Inc., Wellspring Capital Management
    Target
    IC Industries, Inc.
    Seller
    Rothstein family
    Industry
    Packaging
    Type
    Addon

    SupplyOne, a portfolio company of Wellspring Capital Management, has acquired IC Industries, Inc., a privately held corrugated converter and packaging company headquartered in Hialeah, Florida. The acquisition expands SupplyOne's converting capabilities and scale in South Florida, bringing IC Industries' customers access to additional product lines, automation expertise, and the decentralized operating support of SupplyOne.

  • Buyer
    Wellspring Capital Management
    Target
    Caring Brands International
    Seller
    Levine Leichtman Capital Partners
    Type
    Buyout

    Wellspring Capital Management has acquired Caring Brands International, the global franchisor of home healthcare services that operates Interim HealthCare (U.S.), Bluebird Care (U.K. & Ireland) and Just Better Care (Australia). The deal, sold by Levine Leichtman Capital Partners, positions Wellspring to grow its portfolio in home-based care and support continued expansion of Caring Brands' franchise network across multiple geographies.

  • Buyer
    RAYUS Radiology, Wellspring Capital Management
    Target
    Diagnostic Centers of America
    Type
    Addon

    Wellspring Capital-backed RAYUS Radiology has acquired Diagnostic Centers of America (DCA), adding multiple outpatient imaging centers across Palm Beach County, Florida to its national network. The deal expands RAYUS's footprint in South Florida, strengthens its partnership with Boca Radiology Group, and continues the platform's add-on growth strategy under Wellspring's ownership.

  • Buyer
    Wellspring Capital Management
    Target
    Pentec Health Inc.
    Seller
    Norwest Equity Partners, DW Healthcare Partners, Frazier Healthcare Partners
    Type
    Buyout

    Wellspring Capital Management acquired Pentec Health, a national leader in patient-specific sterile compounding and home infusion services, from existing investors including Norwest Equity Partners and DW Healthcare Partners. The investment provides Pentec with capital and strategic support to accelerate organic growth and pursue add-on M&A; financing for the deal was provided by Twinbrook Capital Partners and advisors included Houlihan Lokey and Morgan Lewis.

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