Private Equity Firm Financial Services

Stonehenge Partners

Columbus, Ohio, United States

Ohio-based private equity firm focused on lower middle market companies, providing flexible equity and debt capital for majority and minority recapitalizations, growth investments, and buyouts.

Focus Areas
Private equity, Lower middle-market investments

Tracked deals

12

12 tracked deals across 2019-2024.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Growth capital

6 growth capital · 3 addon · 1 buyout

Stonehenge Partners Acquisition Volume by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Stonehenge Partners. 2 2019 1 2021 5 2022 3 2023 1 2024

Supporting Data

Recent Transactions

  • Buyer
    Stonehenge Partners, Colville Group
    Target
    Motion & Flow Control Products (MFCP)

    Stonehenge Partners, in partnership with Colville Group, completed a growth investment in Motion & Flow Control Products (MFCP), a Denver-area distributor of fluid connector and fluid power solutions. The capital will support MFCP's expansion of its ParkerStore network and service offerings across more than 50 locations in the Western United States.

  • Buyer
    Stonehenge Partners
    Target
    Stratus Surfaces

    Stonehenge Partners has made a minority growth investment in Stratus Surfaces, an importer and wholesale distributor of natural stone, quartz and porcelain slabs. The capital will support Stratus's expansion into new U.S. markets and enable the company to pursue acquisition opportunities while partnering with its majority owners, Luke Spiller and Peter Pental.

  • Buyer
    MRE Partners, Stonehenge Partners, Blue Marlin Partners, Cohesive Capital, UMB Financial
    Target
    Curated Events
    Seller
    Dubin Clark

    MRE Partners, supported by investors including Stonehenge Partners, Blue Marlin Partners, Cohesive Capital and UMB Financial, has completed an investment to acquire Curated Events, a leading special-event rental and services provider based in the Raleigh area. The transaction (terms undisclosed) transfers Curated Events from seller Dubin Clark and positions MRE to pursue organic growth and follow-on acquisitions to build a market-leading platform across the Mid‑Atlantic and Southeast.

  • Buyer
    True North Asphalt, Stonehenge Partners
    Target
    Huyser Asphalt Paving and Sealcoating
    Industry
    Construction
    Type
    Addon

    Stonehenge Partners’ pavement maintenance platform True North Asphalt has acquired Huyser Asphalt Paving and Sealcoating, a Grand Rapids, Michigan-based asphalt and concrete contractor. The deal expands True North’s footprint across Michigan (including Detroit, Grand Rapids and Lansing) and keeps Huyser’s Founder & President Jason Huyser in place to lead operations in western Michigan.

  • Buyer
    Stonehenge Partners
    Target
    The Sports Facilities Companies

    Ohio-based private equity firm Stonehenge Partners has made a minority/growth investment in The Sports Facilities Companies (SFC) to support the company's expansion of services, technology, and talent. SFC will continue to be led by its co-founders and existing executive team, who will retain a significant ownership stake as the firm scales its facility management, planning, and events business across the United States.

  • Buyer
    True North Asphalt, Stonehenge Partners
    Target
    Orion Construction Company
    Industry
    Construction
    Type
    Addon

    Stonehenge Partners’ pavement maintenance platform, True North Asphalt, acquired Orion Construction Company as an add‑on to expand its paving maintenance and parking lot services footprint in Michigan. The deal strengthens True North’s service offering across commercial, municipal and residential end markets as the platform continues to pursue further add‑on acquisitions.

  • Buyer
    Seidler Equity Partners, Stonehenge Partners
    Target
    Cold Jet

    Cold Jet, a Loveland, Ohio–based leader in dry ice blasting and dry ice production systems, has entered into a minority investment partnership with private equity firms Seidler Equity Partners and Stonehenge Partners, with Harris Williams advising. The partnership will provide growth capital to support Cold Jet's global expansion, product development, and sustainability-focused initiatives.

  • Buyer
    Stonehenge Partners, Geneva Glen Capital, Three20 Capital Group
    Target
    Salon Freedom
    Industry
    Retail

    Stonehenge Partners, Geneva Glen Capital and Three20 Capital Group have made a growth investment in Salon Freedom, a multi-unit developer and owner of Sola Salon Studios franchise locations. The capital will support Salon Freedom’s expansion from 37 active locations to a planned 75 units over five years and enable acquisitions of established Sola locations in new markets; David Raduziner will serve as CEO and Todd Recknagel will serve as Board Chair.

  • Buyer
    Stonehenge Partners
    Target
    True North Asphalt
    Seller
    Existing shareholders (including President Nick Whitehurst)
    Industry
    Construction

    Stonehenge Partners led a recapitalization of True North Asphalt, a Madison Heights, Michigan provider of pavement maintenance and repair services. True North President Nick Whitehurst will remain in leadership with significant equity ownership as Stonehenge joins the board and provides capital to support the company's acquisition-driven growth strategy and geographic expansion across Michigan and surrounding states.

  • Buyer
    The Davlyn Group, Stonehenge Partners, Emko Capital
    Target
    Norfab, Amatex
    Industry
    Manufacturing
    Type
    Addon

    The Davlyn Group, a U.S.-based technical textiles manufacturer and portfolio company of Emko Capital, acquired Norfab and Amatex—producers of heat- and cut-resistant and thermal protection fabrics. Stonehenge Partners made an investment in The Davlyn Group to support these add-on acquisitions, which expand Davlyn's capabilities and manufacturing footprint in protective and high-temperature textile markets.

  • Buyer
    Stonehenge Partners
    Target
    Weil Foot & Ankle Institute, LLC

    Stonehenge Partners invested in Weil Foot & Ankle Institute, a Des Plaines, Illinois-based podiatry practice that provides inpatient and outpatient podiatric services across Illinois, Indiana and Wisconsin. The July 2019 transaction is a growth capital investment intended to support the company’s expansion and scaling of clinical and surgical capabilities.

  • Buyer
    Stonehenge Partners
    Target
    PPM Technologies, LLC
    Industry
    Manufacturing
    Type
    Buyout

    Stonehenge Partners acquired PPM Technologies, LLC in January 2019. PPM, headquartered in Newberg, Oregon, designs, engineers, and manufactures food processing equipment and replacement parts for a global base of packaged food producers.

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