Researched by a General · 15 August 2026

Search funds and independent sponsors currently hunting in industrial services

The brief was: search funds and independent sponsors with a stated thesis in industrial, facility or field services, United States, searcher or managing partner.

25

companies, each with its evidence

25

contact routes found, not published here

This is the map, not the contact sheet. The named person at each company, their verified email and their phone number went to whoever commissioned the research and are deliberately not on this page. Everything below is companies and public evidence.

  1. 01Narrow River Capital

    A: exact thesis + size match, fresh platform buyer

    What they do (one line)

    Independent sponsor building lower middle market industrial & infrastructure services platforms

    Location

    Chester, MD / New York, NY / Miami, FL

    Size signal (basis)

    $2-15M EBITDA target (firm site)

    Why it fits your criteria

    Names industrial/industrial services as its whole thesis; recurring, essential-service focus

    Evidence + source

    Firm site narrowrivercap.com; Drill-Tech platform announcement, ACCESS Newswire, May 14, 2026

  2. 02Green Light Capital

    A: pure facility-services thesis, maximum appetite

    What they do (one line)

    Operator-led acquirer buying/operating a facility & MRO services business

    Location

    US (national search)

    Size signal (basis)

    Single-platform search (Axial)

    Why it fits your criteria

    Building & Facility Services / MRO is its entire stated search

    Evidence + source

    Axial Industrial Machinery & Equipment Independent Sponsors directory

  3. 03Saw Mill Capital

    A: stated sector, control buyer, dry powder

    What they do (one line)

    LMM control investor in facility & industrial services, specialty distribution, manufacturing

    Location

    Briarcliff Manor, NY

    Size signal (basis)

    $25-200M EV; Fund III $435M (Nov 2024)

    Why it fits your criteria

    "Facility and industrial service" is named core mandate

    Evidence + source

    Peony IS distribution capital-partners guide, Apr 2026 (Saw Mill entry)

  4. 04Rotunda Capital Partners

    A: stated sector + IS deal-by-deal fluency

    What they do (one line)

    IS-origin fund targeting industrial, business & residential services (+ distribution, logistics)

    Location

    Bethesda, MD

    Size signal (basis)

    $1.6B AUM; Fund IV $735M (May 2025)

    Why it fits your criteria

    Industrial/business services is one of three named verticals

    Evidence + source

    Peony IS distribution capital-partners guide, Apr 2026 (Rotunda entry)

  5. 05Tenet

    A: field-services thesis + succession fit

    What they do (one line)

    Permanent-capital acquirer of essential, compliance-driven skilled-trade services businesses

    Location

    US

    Size signal (basis)

    Small essential-service targets (Axial)

    Why it fits your criteria

    Skilled-trade field services with recurring relationships; succession framing

    Evidence + source

    Axial Independent Sponsors directory

  6. 06APEX Capital Partners

    A: stated industrial-services thesis, proven closer

    What they do (one line)

    Independent sponsor in industrial, manufacturing & business services

    Location

    US (partners with New State Capital)

    Size signal (basis)

    Partnered on Universal Plant Services carve-out (2024)

    Why it fits your criteria

    Industrial & business services is stated sponsor focus

    Evidence + source

    "New State partnered with APEX Capital Partners, an independent sponsor focused on industrial, manufacturing, business services, renewable & energy transition," PR Newswire, Aug 14, 2024

  7. 07Clavis Capital Partners

    A: explicit industrial-services mandate

    What they do (one line)

    Operator-led control PE dedicated to manufacturing & industrial services

    Location

    US

    Size signal (basis)

    $3M+ EBITDA minimum; founded 1994

    Why it fits your criteria

    "Control investments in the manufacturing and industrial services sectors"

    Evidence + source

    Axial Industrials Independent Sponsors directory (Clavis profile); portfolio incl. UCC Environmental

  8. 08Amalgam Capital, LLC

    A: demonstrated mechanical/field-services buyer

    What they do (one line)

    Operator-led independent sponsor rolling up mechanical services

    Location

    US

    Size signal (basis)

    $20-100M revenue targets (Axial)

    Why it fits your criteria

    Active mechanical-services acquirer (a field/industrial trade)

    Evidence + source

    Axial Industrials directory: acquired Core Mechanical Inc (Oct 2024), State Mechanical Services, Hampton Roads Mechanical of Virginia

  9. 09Evolution Strategy Partners

    A: proven electrical/landscaping field-services buyer

    What they do (one line)

    Independent sponsor partnering with entrepreneur-owned services businesses

    Location

    Chicago, IL

    Size signal (basis)

    LMM entrepreneur-owned businesses

    Why it fits your criteria

    Recent deals are electrical and landscaping field services

    Evidence + source

    Axial Industrials directory: acquired Amped Electric (Mar 2024), Houston Landscapes Unlimited (Feb 2024), plus 2024-25 acquisitions

  10. 10Caravel Capital LLC

    A: active field-services consolidator

    What they do (one line)

    LMM equity investor rolling up field services

    Location

    US

    Size signal (basis)

    LMM roll-up; multiple 2025-26 closes

    Why it fits your criteria

    Live tree-service (field/grounds services) roll-up

    Evidence + source

    Axial Industrials directory: acquired Thornton's Tree Service (Apr 2026), Big Ben's Tree Service (Sep 2025), Georgia Tree Company (Aug 2025), Holcomb Tree Service (Apr 2025)

  11. 11Five Points Capital (SBIC)

    B: capital partner, not lead sponsor, but on-thesis

    What they do (one line)

    LMM lender/co-investor in business & industrial services

    Location

    Winston-Salem, NC

    Size signal (basis)

    ~$269M recent SBIC funds; $5-30M checks

    Why it fits your criteria

    Serves "business and industrial services"; field-services deals

    Evidence + source

    Peony IS business-services guide, Apr 2026 (Five Points entry; Rumble Pest Solutions investment)

  12. 12NorthEnd Associates

    B: light-industrial services thesis, currently active

    What they do (one line)

    Family-style office in specialty & niche services (real estate, light industrial)

    Location

    US

    Size signal (basis)

    50+ yrs combined experience; recent 2026 closes

    Why it fits your criteria

    "Specialty and niche services businesses... light industrial"

    Evidence + source

    Axial Industrials directory: two acquisitions Jul 2026 + Jan 2025 close

  13. 13Silver Peak Partners

    B: on-thesis, though less recent deal cadence shown

    What they do (one line)

    LMM PE partnering with owner-operators in industrial/environmental services

    Location

    Denver, CO

    Size signal (basis)

    $2-15M EBITDA

    Why it fits your criteria

    Environmental & site-services portfolio (industrial/field services)

    Evidence + source

    Axial Industrials directory: invested in CG Environmental, Rocky Mountain Excavating

  14. 14Foundation Investment Partners

    B: services thesis; broader than pure industrial

    What they do (one line)

    Independent sponsor in niche manufacturers & outsourced business services

    Location

    US

    Size signal (basis)

    $1.5-3M cash flow band; 8 closed deals

    Why it fits your criteria

    Targets "outsourced business service providers"

    Evidence + source

    Axial Industrials directory: acquisitions Oct 2025, Oct 2024, Miljoco (2023)

  15. 15Broadwing Capital

    B: stated industrial-services thesis

    What they do (one line)

    PE partnering with management to build industrial & services companies

    Location

    Dallas, TX

    Size signal (basis)

    3 closed deals via Axial (2023-24)

    Why it fits your criteria

    "Industrial, services and niche manufacturing" is stated focus

    Evidence + source

    Axial Industrials directory (Broadwing profile); acquisitions Oct 2024, Sep 2024, Nov 2023

  16. 16Rox Capital

    B: field/technical-services fit; smaller check size

    What they do (one line)

    LMM independent sponsor acquiring cash-flow industrial/field-services businesses

    Location

    US

    Size signal (basis)

    $1.5-3M annual cash flow

    Why it fits your criteria

    Portfolio is technical/field services and site work

    Evidence + source

    Axial Industrials directory: acquired Neil Technical Services Corp (2023), Scruggs Company (2021), Alpha General (2022)

  17. 17Hillstar Capital

    B: on-thesis; older disclosed deal dates

    What they do (one line)

    Independent sponsor in construction & field-services businesses

    Location

    US

    Size signal (basis)

    28 total closed deals

    Why it fits your criteria

    Portfolio incl. OneCor Services, RBD Construction, Jerry's Services (field/industrial services)

    Evidence + source

    Axial Industrials directory (Hillstar profile + transactions)

  18. 18Columbia River Partners

    B: services thesis, active, but broader than industrial

    What they do (one line)

    PE integrating operations + technology in transitioning services businesses

    Location

    US (Pacific NW)

    Size signal (basis)

    15 total closed deals; 2025 closes

    Why it fits your criteria

    Buys services businesses in transition; recent 2025 closes

    Evidence + source

    Axial Industrials directory: acquired Vault CPS (Jun 2025), 3R Technology (Mar 2025)

  19. 19Pearl Street Capital Partners

    B: certainty of capital; sector is broad LMM

    What they do (one line)

    Family-office-backed independent sponsor in family-owned LMM businesses

    Location

    US

    Size signal (basis)

    $1-7M EBITDA; committed capital from two family offices

    Why it fits your criteria

    LMM family-owned/industrial focus; committed family-office capital = certainty

    Evidence + source

    Axial Industrials directory (PSCP profile); acquisitions Aug 2024, Dec 2023

  20. 20Boyne Capital

    B: reliable capital partner for a sponsored industrial deal

    What they do (one line)

    Funded LMM firm that started as an IS and actively co-invests with sponsors

    Location

    Miami, FL

    Size signal (basis)

    $10-50M equity into $3-15M EBITDA

    Why it fits your criteria

    Industry-agnostic incl. industrials/environmental; ~20-25% of portfolio is IS deals

    Evidence + source

    Peony IS business-services guide, Apr 2026 (Boyne entry)

  21. 21Huron Capital (Flex Equity)

    B: co-invest partner for a sponsored industrial-services deal

    What they do (one line)

    PE with a non-control arm built to co-invest with independent sponsors in services

    Location

    Detroit, MI

    Size signal (basis)

    $2B+ AUM; 275+ companies acquired

    Why it fits your criteria

    Buy-and-build in fragmented services; Flex Equity designed for IS co-invest

    Evidence + source

    Peony IS business-services guide, Apr 2026 (Huron entry; B&B Roadway co-invest with Empeiria)

  22. 22Align Collaborate

    B: the capital partner behind sponsors chasing your deal

    What they do (one line)

    The institutional equity fund built exclusively for independent-sponsor deals

    Location

    Dallas, TX

    Size signal (basis)

    $10-30M equity into $2-15M EBITDA; Fund I $233M

    Why it fits your criteria

    Backs IS platforms incl. field services (Fire Protection Team, Teague Electric)

    Evidence + source

    Peony IS business-services guide, Apr 2026 (Align Collaborate entry)

  23. 23Investly Capital

    C: real and active, thesis breadth not fully public

    What they do (one line)

    Operationally-driven independent sponsor (industrial-adjacent services)

    Location

    US

    Size signal (basis)

    Recent platform (AccuCast)

    Why it fits your criteria

    Sources and operates industrial-adjacent services deals with hybrid capital

    Evidence + source

    ISN / Independent Sponsor News, LinkedIn, May 14, 2026 (AccuCast, backed by White Wolf)

  24. 24Green Heron

    C: on-thesis facility-services builder; early and regional

    What they do (one line)

    Independent-sponsor-style buyer building a Texas/Gulf Coast facility-services platform

    Location

    Texas / Gulf Coast

    Size signal (basis)

    Commercial services platform (early)

    Why it fits your criteria

    Building a broader facility-services platform via commercial trade add-ons

    Evidence + source

    CT Acquisitions 2026 Plumbing PE Roll-Up Tracker, Jul 2026 (Green Heron entry)

  25. 25Founders Home Service Group (Kompass Kapital)

    C: field-services thesis; residential/home-services tilt

    What they do (one line)

    Single-family-office-sponsored consolidator of field trade services in the Southeast

    Location

    Overland Park, KS

    Size signal (basis)

    Founded 2021; multi-state

    Why it fits your criteria

    Acquires residential plumbing, HVAC, electrical field-services platforms

    Evidence + source

    CT Acquisitions 2026 Plumbing PE Roll-Up Tracker, Jul 2026 (Founders/Kompass entry); AAA City Plumbing, PR Newswire, May 1, 2026

A General built this in about twenty minutes

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