DFX Intelligence
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B•••• R••• C••••••• I•••
Buyout firmClassification confirmedLower middle marketSEC exempt reporting adviser· Minnetonka, MNb•••••••••.com
••• Locked
As of · identity and classification; each section below carries its own date
- Regulatory AUM
- Not established
- PE fund assets
- $36.5M
- PE funds
- 1
- Investments held
- 19 of 19
- Deals, last 12 months
- 1
Form ADV
Form ADV
DFX transaction tape
DFX transaction tape
As of · identity and classification; each section below carries its own date
Why this matters
- EBITDA $1.0M to $5.0MSectors business_services,industrials,manufacturing,technologyGeography United States
- Last 12 months 1Most recent 9 months ago
- Graphs 2
Classification
How this organization is classified, and on what basisBuyout firm · 1 in historyShowHide
- Class
- Buyout firmconfirmed, confidence 85%
- Basis
- R6: 4 of 4 distinct vehicles are sworn Private Equity Funds; 3 reported gross assets on a filing in 2022 or later
- Size band
- Lower middle marketdefined by: proxy: $0.04bn Private Equity Fund GAV on the Form ADV filed 2024-03-11
Classification history (1)
- Sep 13, 2026Buyout firm (confirmed, 85%, cls-pe-1)R6: 4 of 4 distinct vehicles are sworn Private Equity Funds; 3 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)
- Adviser type
- exempt reporting adviser
- Form ADV filings
- Mar 14, 2012 to Mar 30, 2026
- RAUM
- unknownregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- 1
- PE fund GAV, latest filing
- $36.5Mreported gross assets (Form ADV), not fund size
- All private fund GAV
- $133Mevery private fund type, latest filing
- 2024 PE fund GAV
- $36.5Msum over funds typed Private Equity Fund with a 2024 or later as-of date
- PE share of funds, lifetime
- 100%
- Fund type mix
- filed 2024-03-11, latest gav Private Equity Fund $36.5M, latest counts Private Equity Fund 2, lifetime distinct Private Equity Fund 4
- Employees
- unknown
- Headquarters
- Minnetonka, MN
- Office address
- ••• Locked
- Business phone
- ••• Locked
Stated criteria beside observed behaviour
19 observed deals
Stated by the firm
- Sectors
- business services, industrials, manufacturing, technology
- Geography
- United States
- Revenue
- not stated or not yet read
- EBITDA
- $1.0M to $5.0M
- Enterprise value
- not stated or not yet read
- Equity check
- not stated or not yet read
- Control
- not stated or not yet read
- Thesis
- ••• Locked
Observed from deals on record
- roles
- add on 1, unknown 17, platform 1
- period
- to 2025-12-24, from 2025-12-24, undated holdings 18, dated observations 2
- window
- last 2025-12-24, first 2025-12-24
- control
- control 1, unknown 18
- companies
- 19
- geography
- investments
- 19
- seller kinds
- transactions
- 1
- cadence by year
- 2025 add ons 1
- platform add on
- add ons 1, platforms 1, add ons per platform unknown
- sector known for
- 10
- disclosed value usd
- n 0
- sector distribution
- count 6, share 0.316, value industrial manufacturing, examples XeteX, RIE Coatings, IGC Technologies, Elenco Electronics, count 2, share 0.105, value industrial services, examples CRI Environmental Solutions, Summit Drilling, count 1, share 0.053, value business services, examples Madden Media, count 1, share 0.053, value energy, examples Franklin Energy Services
- holding period years
- n 0
- repeat counterparties
- subsector distribution
- count 5, share 0.263, value miscellaneous manufacturing, examples XeteX, IGC Technologies, Elenco Electronics, Infinity Precision Systems, count 1, share 0.053, value chemical manufacturing, examples RIE Coatings, count 1, share 0.053, value waste collection, examples CRI Environmental Solutions, count 1, share 0.053, value advertising marketing, examples Madden Media, count 1, share 0.053, value remediation environmental, examples Summit Drilling, count 1, share 0.053, value energy, examples Franklin Energy Services
19 companies on the graph (1 transactions); most in industrial manufacturing (6); 1 platforms and 1 add-ons; observed 2025 to 2025
Funds
4 on record, 1 more on the reporting tape
| Fund | Vehicle | Vintage | Reported gross assets (Form ADV), not fund size | GAV by year | Form D sold | Lifecycle |
|---|---|---|---|---|---|---|
| P•••• L••••••••• T•••• ADV: Private Equity Fund | buyout or unlabelled | 2024 first reported on Form ADV | $413,893 as of Mar 11, 2024 | no Form D | Unknown | |
| W•••••• C•••••• P•••••••• L••• ADV: Private Equity Fund | Buyout fund | 2019 first reported on Form ADV | $36.1M as of Mar 11, 2024 | no Form D | Harvest | |
| R•• F••• I• A•• L• ADV: Private Equity Fund | buyout or unlabelled | unknown | $7.9M as of Mar 22, 2023 | no Form D | Wound down | |
| R••••••• C•••••• P•••••••• L••• ADV: Private Equity Fund | Buyout fund | unknown | $0 as of Feb 16, 2015 | no Form D | Wound down |
Gross assets by year from the annual reporting tape
These funds appear in this adviser’s Form ADV reporting. One row per fund per year (the latest filing of that year). Values are reported gross assets, not fund size.
| Fund | Type (ADV) | Years | Path | Latest reported GAV | Source |
|---|---|---|---|---|---|
| B•• F••• I•• L• | Other Private Fund | 2026 to 2026 | $73.6M filed Mar 30, 2026 | reports.adviserinfo.sec.gov |
Team
2 current, 1 former
Partner (1)
- W•••••• L• G••••••• · Managing Director · since Apr 1, 2012 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
Platform (1)
1 former (kept with end dates)
- S••••• D•••• P••••••• · Chief M•••••••• Officer · May 1, 2011 to Feb 21, 2019 Inference
Portfolio
19 relationships, 1 platforms, 1 add-ons
Transactions
1 on record
| Date | Type | Target | This firm’s role | Source |
|---|---|---|---|---|
| Dec 24, 2025 | Add-on acquisition | A••• | Sponsor (derived) | franklinenergy.com |
Placement agents, lenders, advisers and co-investors
1 relationships
Placement agents (1)
- J•••• W• C•• 2 shared · recurring · last Jan 1, 2014
LP commitments
0 disclosed
No LP commitment collected yet. An LP edge needs a public disclosure with a quote, such as a pension plan’s report or an announcement naming the LP.
Events
3 most recent
- Sep 17, 2026••• Locked
- Mar 30, 2026••• Locked
- Mar 14, 2012••• Locked
Across the graphs
B•••• R••• C••••••• I••• is the same institution as 2 records in Independent Sponsors and RIA and Wealth.
Independent Sponsors1RIA and Wealth1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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