Private Equity Firm Financial Services

Salem Investment Partners

Greensboro, North Carolina, United States

Salem Investment Partners is an investment firm based in North Carolina specializing in mezzanine debt and equity investments in privately held, lower middle-market businesses across a wide range of industries, primarily in the eastern United States. The firm has over $500 million under management.

Focus Areas
Mezzanine debt, Mezzanine equity investments, Lower middle-market co-investments
Website
salemip.com

Tracked deals

12

12 tracked deals across 2021-2025.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

6 buyout · 4 recapitalization · 1 addon

Salem Investment Partners Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Salem Investment Partners. 2 2021 3 2023 6 2024 1 2025

Supporting Data

Recent Transactions

  • Buyer
    Broadtree Partners, Salem Investment Partners
    Target
    The CFO Project LLC
    Seller
    Jeff Prager, Adam Lean
    Industry
    Education
    Type
    Buyout

    Broadtree Partners, a lower middle market private equity firm based in Charlotte, has acquired The CFO Project, a membership-based education and mentorship platform for accountants, CPAs and bookkeepers. The deal—supported by Salem Investment Partners—will position The CFO Project to scale its digital Certified CFO program and community of 500+ members under new CEO Dyanna Salcedo.

  • Buyer
    Azalea Capital, Farragut Capital Partners, NewSpring, Salem Investment Partners
    Target
    Virginia Food Group, LLC
    Industry
    Food & Beverage
    Type
    Buyout

    Azalea Capital has acquired Virginia Food Group (VFG), owner of brands including Virginia Diner, Feridies, The Peanut Shop of Williamsburg, and Red Rocker Candy. Farragut Capital Partners provided senior subordinated debt and equity alongside NewSpring Capital and Salem Investment Partners to support the acquisition, with Atlantic Union Bank providing senior debt financing.

  • Buyer
    A111 Capital, Farragut Capital Partners, NewSpring Mezzanine (NewSpring Capital), Pine Street Capital Partners, Salem Investment Partners
    Target
    Burnyzz
    Industry
    Automotive
    Type
    Buyout

    A111 Capital has completed a majority buyout of Burnyzz, an Ocala, Florida-based classic car restoration, sales and service business. The transaction is supported by subordinated debt and equity investments from Farragut Capital Partners, NewSpring Mezzanine (NewSpring Capital), Pine Street Capital Partners and Salem Investment Partners to fund Burnyzz’s continued growth and capacity expansion while founder/management remain in place.

  • Buyer
    Farragut Capital Partners, NewSpring Mezzanine (NewSpring), Salem Investment Partners, Progress Equity Partners
    Target
    Salisbury Moore
    Industry
    Construction

    Progress Equity Partners has completed a recapitalization of Salisbury Moore, a Raleigh, North Carolina-based hotel renovation and remodeling company. Farragut Capital Partners, NewSpring Mezzanine, and Salem Investment Partners invested subordinated debt and equity to support the recapitalization and enable Salisbury Moore’s continued growth; existing management will remain in place.

  • Buyer
    L2 Capital Partners, Oxer Capital Partners, Salem Investment Partners
    Target
    Kosmos Q, LLC
    Seller
    Darian Khosravi
    Industry
    Food & Beverage
    Type
    Buyout

    L2 Capital completed the acquisition of Kosmos Q, a premium barbecue brand founded by Darian Khosravi, and appointed Scott Jensen as CEO. Oxer Capital Partners and Salem Investment Partners provided debt financing and co-invested; Generational Equity advised the seller. Terms were not disclosed.

  • Buyer
    Tecum Capital, Stacker Holdings, Salem Investment Partners, CM Industries senior management
    Target
    CM Industries, Inc.
    Industry
    Manufacturing

    Tecum Capital has made an investment in CM Industries, a Lake Zurich, Illinois-based manufacturer of welding equipment and consumable welding supplies, joining with CM Industries' senior management, Stacker Holdings, and Salem Investment Partners as co-investors. The capital will support expansion of CM Industries' manufacturing capacity and geographic reach across distributor channels serving markets in the United States, Mexico, Canada and Germany.

  • Buyer
    L2 Capital, Merion Investment Partners, Salem Investment Partners
    Target
    The iFranchise Group, TopFire Media
    Type
    Buyout

    L2 Capital has made a strategic investment in The iFranchise Group and TopFire Media, a combined franchise consulting and digital marketing platform that serves franchisors. Merion Investment Partners and Salem Investment Partners co-invested alongside L2, with debt financing provided by First Bank of New Jersey; terms were not disclosed.

  • Buyer
    Directional Capital, Spring Capital Partners IV, NewSpring Mezzanine, Salem Investment Partners
    Target
    Purple RTO Holdings (Purple Cactus / Purple Horseshoe)
    Industry
    Retail
    Type
    Buyout

    Directional Capital acquired Purple RTO Holdings, a franchisee operating Rent-A-Center locations across the Midwest and Southwest, with subordinated debt and minority equity provided by Spring Capital Partners IV alongside NewSpring Mezzanine and Salem Investment Partners. The transaction covers Purple’s ~63 retail Rent‑to‑Own locations (branded Purple Cactus and Purple Horseshoe) and expands Directional’s retail footprint.

  • 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
    L2 Capital, Farragut Capital Partners, Oxer Capital, Salem Investment Partners
    Target
    Open World, Inc.
    Type
    Addon

    L2 Capital's portfolio company Family Quest (the operator of Jurassic Quest) acquired Open World, Inc., the touring operator behind Brick Fest Live, to expand its family-entertainment touring platform. Farragut Capital Partners provided subordinated debt and equity to Family Quest to support the acquisition and refinance the company's existing debt, with Oxer Capital and Salem Investment Partners co-investing.

  • Buyer
    L2 Capital Partners, Salem Investment Partners, Oxer Capital
    Target
    YakAttack, LLC

    L2 Capital Partners recapitalized YakAttack, a vertically integrated designer and U.S. manufacturer of kayak fishing accessories headquartered in Farmville, Virginia. Salem Investment Partners and Oxer Capital provided debt financing and co-invested; terms were not disclosed. L2 said it will partner with founder Luther Cifers and management to expand product development, sales channels and distribution.

  • Buyer
    KLH Capital, Salem Investment Partners
    Target
    The Warehouse Rentals & Supplies

    KLH Capital partnered with the management team of The Warehouse Rentals & Supplies (TWRS) in a recapitalization that gives management an ownership stake and brings in Salem Investment Partners as a financing partner. The deal will provide capital and resources to support TWRS’s growth as a national platform for surface-preparation equipment rental, value-added distribution, and on-site services.

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