Private Equity Firm Financial Services

Source Capital

Atlanta, Georgia, United States

Source Capital is a private investment firm providing flexible equity and debt capital to lower middle-market companies across a broad range of industries. Its investment strategy targets growing companies with > $2 million in EBITDA seeking a growth-oriented partner.

Focus Areas
Private credit, Lower middle-market investing, Debt & equity co-investments
Website
source-cap.com

Tracked deals

14

14 tracked deals across 2020-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

9 buyout · 3 growth capital · 2 recapitalization

Source Capital Acquisition Volume by Year

Last 6 years

Acquisition volume by year Annual acquisition counts for the last 6 years for Source Capital. 2 2020 4 2021 1 2022 3 2023 3 2024 1 2025

Supporting Data

Recent Transactions

Showing the 12 most recent of 14 tracked deals for Source Capital.

  • Buyer
    Canopy Capital Partners, Source Capital
    Target
    Archway Service Group, LLC
    Industry
    Food & Beverage
    Type
    Buyout

    Canopy Capital Partners, together with Source Capital and other co-investors, acquired Archway Service Group. Archway provides on-call repair and preventative maintenance services for commercial foodservice equipment across the Southeastern United States, including related sharpening and replacement of cutting tools.

  • Buyer
    Lockeland Capital Partners, Source Capital, LLC
    Target
    Don Young Company, Inc.
    Type
    Buyout

    Lockeland Capital Partners has acquired Don Young Company, a 47-year-old Dallas-based manufacturer of windows and storm doors. Source Capital provided debt and equity from an affiliate SBIC fund to support the transaction and will partner with Lockeland to support DYC's next phase of growth.

  • Buyer
    Chartwell Investments (CHIEF Capital), Backcast Partners Management, LLC, Source Capital
    Target
    World Water Works, Inc.

    Chartwell Investments' CHIEF Capital has led a growth investment in World Water Works (WWW), with Backcast Partners and Source Capital joining as capital partners to fund the company's expansion and innovation initiatives. World Water Works, a U.S.-based provider of water and wastewater treatment systems and services headquartered in Oklahoma City, will use the capital to accelerate growth, develop new solutions for industrial and municipal clients, and solidify its market-leading position.

  • Buyer
    Liftout Capital, Five Points Capital, Source Capital
    Target
    Pay4Leads, Inc.
    Seller
    Don Dowd (Founder and CEO of Pay4Leads)
    Type
    Buyout

    Liftout Capital acquired Pay4Leads, Inc., a performance marketing and lead generation firm based in Exton, Pennsylvania. The deal supports Pay4Leads’ expansion from tree-care leads into adjacent residential services verticals such as roofing, siding, and windows. Deal terms were not disclosed.

  • Buyer
    Georgia Oak Partners, Source Capital
    Target
    Septic Blue, Inc.
    Type
    Buyout

    Georgia Oak Partners has acquired Septic Blue, a residential septic services provider operating in the Atlanta, Charlotte and Raleigh metro areas. Source Capital, via Source Capital Credit Opportunities IV, provided debt financing and an equity co-investment to support the transaction; Septic Blue founder Bob Minkert will remain involved for a transition period.

  • Buyer
    Seneca Partners, Source Capital (SCCO IV), White Wolf Private Credit Management, LLC
    Target
    Wyoming Corporate Services
    Seller
    Gerald Pitts
    Type
    Buyout

    Seneca Partners acquired Wyoming Corporate Services, a Cheyenne-based corporate formation and registered agent services company. Source Capital (via SCCO IV) and White Wolf Private Credit provided debt financing and an equity co-investment to close the transaction and fund growth and compliance-related initiatives; the seller was owner Gerald Pitts.

  • Buyer
    Chartwell Investments Entrepreneur & Founder Capital (CHIEF Capital), Source Capital (SCCO IV), Backcast Partners, Morgan Stanley Private Credit
    Target
    Guardian Fleet Services, Emerald Transportation, Sapp's Wrecker Service
    Seller
    Jennings family, Sapp family
    Industry
    Trucking & Fleet

    Chartwell Investments Entrepreneur & Founder Capital (CHIEF Capital) led a growth investment into Guardian Fleet Services, with financing and co-investment support from Source Capital, Backcast Partners and Morgan Stanley Private Credit. Guardian used proceeds to merge and acquire Emerald Transportation (Pompano Beach, FL) and Sapp's Wrecker Service (Savannah, GA), expanding Guardian's footprint to 23 locations and strengthening its towing, recovery and specialized transportation fleet across Florida and Georgia.

  • Buyer
    Source Capital, LLC
    Target
    Kitchen Brains
    Industry
    Manufacturing
    Type
    Buyout

    Source Capital, a private equity firm, has acquired Kitchen Brains, a Stratford, Connecticut–based designer and manufacturer of smart cooking controls, embedded electronics and a SaaS production management solution. Terms were not disclosed; Source Capital said it will partner with management to accelerate the product pipeline, bolster scalability and pursue expansion opportunities across the company's hardware and software offerings.

  • Buyer
    Source Capital, Source Capital Credit Opportunities IV, LP (SCCO IV), Source Capital SBIC Fund
    Target
    Nexus Cognitive Solutions

    Source Capital, via its credit fund (Source Capital Credit Opportunities IV, LP) and its SBIC fund, has made an investment in Nexus Cognitive Solutions by providing debt financing to support Nexus’s acquisition of a cloud solutions and software development services provider. Nexus Cognitive Solutions, a service-disabled veteran-owned AI, data analytics and software-development firm headquartered in Addison, Texas, will use the financing to deepen its cloud, systems-integration and software development capabilities and accelerate growth in the public sector and enterprise markets.

  • Buyer
    Altacrest Capital, Source Capital, LLC, Venturi Private Wealth
    Target
    Big Blanket Co
    Industry
    E-Commerce

    Dallas-based private equity firm Altacrest Capital recapitalized Big Blanket Co, a Springfield, Missouri–based direct-to-consumer seller of oversized premium blankets. Source Capital and Venturi Private Wealth participated with debt and equity support (CrossFirst Bank provided a credit facility), and Big Blanket Co's founder and management remain substantial shareholders as the business pursues expanded product and eCommerce growth.

  • Buyer
    Source Capital (Source Capital Credit Opportunities Fund III, LP)
    Target
    CTL Amedica
    Industry
    Medical Devices

    Source Capital, through its Source Capital Credit Opportunities Fund III (SCCO III), provided debt financing to recapitalize and supply growth funding for CTL Amedica, a designer, manufacturer and distributor of spinal fusion and fixation products. The financing will support CTL Amedica's product-portfolio expansion—including its silicon nitride spinal implants—and ongoing commercialization to surgeons and healthcare providers across the U.S.

  • Buyer
    Black Lake Capital, Source Capital
    Target
    Spinnaker SCA, SCApath, Spinnaker SCS
    Type
    Buyout

    Black Lake Capital acquired Spinnaker SCA — the merged business formed from SCApath (Boulder, CO) and Spinnaker SCS (Houston, TX) — with financing provided by Source Capital. The combined firm provides end-to-end supply chain strategy, planning and execution services, and Black Lake said the acquisition will accelerate growth in omni-channel commerce and supply chain technology solutions.

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