Private Equity Firm Financial Services

SkyKnight Capital

Burlingame, California, United States

SkyKnight Capital is a private equity firm focused on investing in market-leading businesses in acyclical growth sectors alongside management teams. The firm seeks long-term, high-quality relationships with management teams and Limited Partners.

Focus Areas
Private equity, Alternative asset management

Tracked deals

28

28 tracked deals across 2019-2026.

Recent pace

3

3 tracked deals announced in the last 12 months.

Deal mix

Addon

11 addon · 11 growth capital · 5 recapitalization

SkyKnight Capital Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for SkyKnight Capital. 5 2019 6 2020 5 2021 3 2022 3 2023 2 2024 2 2025 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 28 tracked deals for SkyKnight Capital.

  • Buyer
    SkyKnight Capital, L.P., FFL Partners
    Target
    Apex Infusion

    Apex Infusion entered into a definitive agreement to partner with private equity firm SkyKnight Capital to support the company’s next phase of growth. Apex’s clinician-led management team will retain a significant ownership stake and continue to lead, while FFL Partners will remain a minority investor.

  • Buyer
    Oak Hill Capital, New Mountain Capital, HarbourVest Partners, SkyKnight Capital, The Stephens Group
    Target
    IMA Financial Group, Inc.
    Seller
    SkyKnight Capital, The Stephens Group
    Industry
    Insurance

    IMA Financial Group, Inc., a North American insurance brokerage, completed an equity recapitalization valued at about $4 billion. Oak Hill Capital and New Mountain Capital took minority stakes, with HarbourVest Partners and select institutional co-investors participating, while IMA’s 3,000+ employees retained majority ownership.

  • Buyer
    SkyKnight Capital
    Target
    Force Electrical Services
    Industry
    Energy

    SkyKnight Capital has made a growth investment in Force Electrical Services, a transmission and distribution repair and maintenance provider headquartered in Oklahoma, to support the company's expansion of services and capabilities. The founder will remain a significant shareholder and the existing management team will continue to lead as Force scales its footprint across the South-Central United States.

  • Buyer
    Ampirical Solutions, LLC, SkyKnight Capital
    Target
    Cappstone Energy Group
    Industry
    Energy
    Type
    Addon

    Ampirical Solutions, a PE-backed provider of power engineering services, has acquired Cappstone Energy Group to expand its utility engineering capabilities, adding distribution system planning, GIS, line design and field inspection services. The deal, supported by Ampirical's investor SkyKnight Capital, is intended to broaden Ampirical's end-to-end offering for utility clients while keeping Cappstone's team and ongoing projects in place.

  • Buyer
    SkyKnight Capital, Dragoneer Investment Group
    Target
    Simplicity Group Holdings, Inc.
    Seller
    Funds managed by Lee Equity Partners

    SkyKnight Capital and Dragoneer Investment Group have agreed to make a majority investment in Simplicity Group Holdings, providing liquidity to employee partners and acquiring interests held by funds managed by Lee Equity Partners. The recapitalization is expected to close by the end of 2024, subject to regulatory approvals; financial terms were not disclosed.

  • Buyer
    SkyKnight Capital, L.P.
    Target
    Ampirical Solutions, LLC

    SkyKnight Capital has made a growth investment in Ampirical Solutions to support the company's expansion of engineering services and software offerings for the power industry. Ampirical's founders and management will remain significant shareholders and will launch a broad-based employee ownership program as the company scales.

  • Buyer
    Dragoneer Investment Group, Genstar Capital, SkyKnight Capital, L.P., Amwins employee shareholders
    Target
    Amwins Group, Inc.
    Seller
    More than 375 Amwins employee shareholders, Public Sector Pension Investment Board (PSP)

    Amwins Group completed a $1.0 billion recapitalization in which Dragoneer Investment Group, Genstar Capital, SkyKnight Capital and participating employee shareholders purchased equity from more than 375 employee shareholders and the Public Sector Pension Investment Board (PSP). PSP rolled roughly 80% of its position forward and the Amwins employee shareholder group will remain the largest single owner with approximately 40% ownership, providing liquidity while preserving long-term employee ownership.

  • Buyer
    General Atlantic, SkyKnight Capital, L.P.
    Target
    GoodVets Group LLC

    General Atlantic has made a strategic growth investment in GoodVets, joining existing investor SkyKnight Capital to support the veterinary care platform's de novo expansion. The capital and strategic resources will help GoodVets accelerate new clinic openings and build a scaled national provider of general and urgent veterinary care.

  • Buyer
    SkyKnight Capital, FirstCall Mechanical Group
    Target
    STR Mechanical, Technical Services, TimCo Heating and Air, Jax Services (services assets of JAX Refrigeration)
    Location
    United States
    Type
    Addon

    SkyKnight Capital has launched FirstCall Mechanical Group, a commercial services platform led by Founder and CEO Evan Eachus and headquartered in Austin, Texas. SkyKnight and FirstCall brought four regional operations into the platform — STR Mechanical, Technical Services (Virginia), TimCo Heating and Air, and the services assets of JAX Refrigeration — creating a Southeast-focused provider of HVAC, refrigeration, electrical, and plumbing services with roughly 150 employees.

  • Buyer
    SkyKnight Capital, L.P.
    Target
    Pearl Street Dental Partners
    Industry
    Dental

    SkyKnight Capital has invested in Pearl Street Dental Partners alongside the company’s co-founders, dentist shareholders, management, and existing investor Talisker Partners. The minority growth investment will support Pearl Street’s next phase of expansion; the Dallas-headquartered dental practice management company operates 32 partner practices with more than 350 employees across Texas and Oklahoma.

  • Buyer
    SkyKnight Capital, Physician partners (DOCS), DOCS management
    Target
    Dermatologists of Central States (DOCS Dermatology)
    Seller
    Sheridan Capital Partners
    Type
    Buyout

    SkyKnight Capital has acquired Dermatologists of Central States (DOCS) from Sheridan Capital Partners, investing alongside DOCS physician partners and management. The investment positions DOCS—headquartered in Cincinnati with over 80 clinics and ~1,300 employees—for accelerated geographic expansion and continued investment in clinical and corporate resources and technology.

  • Buyer
    SkyKnight Capital, L.P.
    Target
    New Republic Partners

    SkyKnight Capital made an initial growth investment in New Republic Partners, a Charlotte-based wealth management and investment advisory firm launched in 2021. The minority investment (closed end of 2021) will help New Republic Partners scale its team, expand market coverage, and broaden access to alternative investment and lending solutions as the firm manages over $1.5 billion in client assets.

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