DFX Intelligence
Private Equity Intelligence
Firms, funds, people, portfolio companies and transactions from sworn filings and cited announcements, kept as a graph with a date and a source on every edge. Reported gross assets are never fund size, regulatory AUM is never dry powder, and a deal value prints only when someone disclosed it.
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Firms / M••••• S••••• C•••••• L••
M••••• S••••• C•••••• L••
A Houston-based private equity firm focused on control investments in the North American, lower middle market industrial sector.
Classification
- Class
- Buyout firmconfirmed, confidence 85%
- Basis
- R6: 2 of 2 distinct vehicles are sworn Private Equity Funds; 2 reported gross assets on a filing in 2022 or later
- Size band
- Lower middle marketdefined by: proxy: $0.12bn Private Equity Fund GAV on the Form ADV filed 2024-05-28
Classification history (1)
- Sep 13, 2026Buyout firm (confirmed, 85%, cls-pe-1)R6: 2 of 2 distinct vehicles are sworn Private Equity Funds; 2 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)
- Adviser type
- exempt reporting adviser
- Form ADV filings
- May 23, 2019 to May 28, 2024
- RAUM
- unknownregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- 2
- PE fund GAV, latest filing
- $124Mreported gross assets (Form ADV), not fund size
- All private fund GAV
- $124Mevery private fund type, latest filing
- 2024 PE fund GAV
- $124Msum over funds typed Private Equity Fund with a 2024 or later as-of date
- PE share of funds, lifetime
- 100%
- Fund type mix
- filed 2024-05-28, latest gav Private Equity Fund $124M, latest counts Private Equity Fund 2, lifetime distinct Private Equity Fund 2
- Employees
- unknown
- Headquarters
- Houston, TX
- Office address
- 3131 EASTSIDE STREET, SUITE 300, Houston, TX, 77098
- Business phone
- 713-568-1288
Stated criteria beside observed behaviour
12 observed deals
Stated by the firm
- Sectors
- industrials
- Geography
- North America
- Revenue
- not stated or not yet read
- EBITDA
- $5.0M to $20.0M
- Enterprise value
- not stated or not yet read
- Equity check
- not stated or not yet read
- Control
- control
- Thesis
- One challenge that we believe the traditional private equity model faces is the pressure to invest in larger and larger companies, companies where there are fewer opportunities to structurally transform the business through applying best operating practices.
Observed from deals on record
- roles
- unknown 10, platform 3
- period
- to 2026-05-12, from 2021-12-16, undated holdings 9, dated observations 9
- window
- last 2026-05-12, first 2021-12-16
- control
- control 3, unknown 10
- companies
- 12
- geography
- count 2, share 0.167, value OH
- investments
- 13
- seller kinds
- transactions
- 5
- cadence by year
- 2021 platforms 1, 2022 platforms 2, 2023 platforms 1, 2026 other deals 1
- platform add on
- add ons 0, platforms 3, add ons per platform 0
- sector known for
- 7
- disclosed value usd
- n 0
- sector distribution
- count 4, share 0.333, value industrial manufacturing, examples Woodsage LLC, Kreg Therapeutics, Ashland Conveyor Products, ProVeyance, count 2, share 0.167, value industrial services, examples PurgeRite, Purge Rite, LLC, count 1, share 0.083, value financial services, examples EA Advisors
- holding period years
- n 0
- repeat counterparties
- subsector distribution
- count 2, share 0.167, value hvac plumbing mechanical, examples PurgeRite, Purge Rite, LLC, count 2, share 0.167, value miscellaneous manufacturing, examples Kreg Therapeutics, ProVeyance, count 1, share 0.083, value fabricated metal products, examples Woodsage LLC, count 1, share 0.083, value financial services, examples EA Advisors, count 1, share 0.083, value food manufacturing, examples Ashland Conveyor Products
12 companies on the graph (5 transactions); most in industrial manufacturing (4); 3 platforms and 0 add-ons; observed 2021 to 2026
Funds
2 on record
| Fund | Vehicle | Vintage | Reported gross assets (Form ADV), not fund size | GAV by year | Form D sold | Lifecycle |
|---|---|---|---|---|---|---|
| M••••• S••••• C•••••• F••• I•• L• ADV: Private Equity Fund | buyout or unlabelled | 2022 first reported on Form ADV | $33.8M as of May 28, 2024 | no Form D | Early deployment | |
| M••••• S••••• C•••••• F••• I• L• ADV: Private Equity Fund | buyout or unlabelled | unknown | $89.9M as of May 28, 2024 | no Form D | Unknown |
Team
16 current, 0 former
Managing partner (4)
- B•• H•••• · Managing Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- F•••••• T••••• C••• · Managing Partner · since Mar 1, 2016 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- F•••••• T••••• C••• · Managing Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- R••••• F•••••• H•••• · Managing Partner · since Feb 1, 2018 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
Partner (5)
- D•• S••••• · Senior Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- H••••• N••••• · Senior Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- K•••• C•••••• C•••• · Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- T•• B•••••• · Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- T•• B•••••• · Partner · start date unknown Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
Vice president (3)
- B•••• B••••••••• · Senior Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- L••• B•••••• · Senior Associate · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- R••• S•••• · Vice President · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Business development (2)
- E•••• K•••••• · Associate, Business Development · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- M•••••• M•• · Vice President, Business Development · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Platform (2)
- A•••• K••••• · Controller, Management Company · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
- K•••• C•••••• C•••• · Chief Compliance Officer & Partner · since Jan 1, 2022 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
Portfolio
13 relationships, 3 platforms, 0 add-ons
Transactions
7 on record
| Date | Type | Target | This firm’s role | Source |
|---|---|---|---|---|
| May 12, 2026 | Type not stated | E• A••••••• | Sponsor (confirmed) | prnewswire.com |
| Oct 6, 2025 | Exit to a strategic buyer | Z•• T••••••••• | Seller (confirmed) | xn--m-1hnaaaaaaaa.com |
| Oct 4, 2023 | Platform acquisition | P•••• R•••• L•• | Sponsor (confirmed) | xn--m-1hnaaaaaaaa.com |
| Sep 22, 2022 | Platform acquisition | A•••••• C••••••• P••••••• | Sponsor | prnewswire.com |
| Sep 22, 2022 | Platform acquisition | W••••••• L•• | Sponsor | prnewswire.com |
| Dec 16, 2021 | Platform acquisition | W••••••• L•• | Sponsor (confirmed) | xn--m-1hnaaaaaaaa.com |
| Jun 2, 2021 | Exit to a strategic buyer | A••••••• T•••••• R••••• G•••• | Seller (confirmed) | xn--m-1hnaaaaaaaa.com |
Placement agents, lenders, advisers and co-investors
3 relationships
Placement agents (3)
- B• S••••••••• L•• 2 shared · recurring · last Jan 1, 2022
- E•••• F•••••••• C••••••••• L•• 2 shared · recurring · last Jan 1, 2022
- F••••••• S••••••••• L•• 1 shared · one time · last Jan 1, 2019
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
19 most recent
- Sep 15, 2026S••• A•• T••••••••• Partners with M••••• S••••• Capital and E• A••••••• to Support Scaling of Mission-Critical Data Center Infrastructure
- Sep 15, 2026Vertiv announces intent to acquire P••••••••, a leading provider of specialized fluid management services, to expand liquid cooling services portfolio
- Sep 15, 2026Veteran Industry Leaders Jennifer Straumins and Shane Terry Acquire Z•• T•••••••••
- Sep 15, 2026P•••••• Guidance Systems Has Acquired ParkZen
- Sep 15, 2026M••••• S••••• Capital Acquires P•••• R•••• L••
- Sep 15, 2026M••••• S••••• Capital forms P••••••••• Group with the acquisition of W••••••• and A•••••• C••••••• P•••••••
- Sep 15, 2026M••••• S••••• Capital Announces Recent Promotions
- Sep 15, 2026Z•• T••••••••• Acquires Maverick Performance P•••••••, LLC
- Sep 15, 2026M••••• S••••• Capital Acquires W••••••• L••
- Sep 15, 2026M••••• S••••• Capital Completes Sale of A••••••• T•••••• R••••• G••••
- Sep 15, 2026M••••• S••••• Capital forms I• B•••••••••, acquiring the Life Sciences business of Worthington Industries and International Cryogenics, Inc.
- Sep 15, 2026A••••••• T•••••• R••••• G•••• Expands To Texas With The Acquisition Of Advantage T•••••• Leasing
- May 12, 2026S••• A•• T••••••••• Partners with M••••• S••••• Capital and E• A••••••• to Support Scaling of Mission-Critical Data Center Infrastructure
- Mar 31, 2026M••••• S••••• C•••••• L••: Private Equity Funds on Form ADV 2 (2024 extract) -> 3 (roster 2026-09-01)
- Oct 6, 2025Veteran Industry Leaders Jennifer Straumins and Shane Terry Acquire Z•• T•••••••••
- Oct 4, 2023M••••• S••••• Capital Acquires P•••• R•••• L••
- Dec 16, 2021M••••• S••••• Capital Acquires W••••••• L••
- Jun 2, 2021M••••• S••••• Capital Completes Sale of A••••••• T•••••• R••••• G••••
- May 23, 2019M••••• S••••• C•••••• L•• first filed Form ADV in the extract (ERA)
Across the graphs
M••••• S••••• C•••••• L•• is the same institution as 1 record in Independent Sponsors.
Independent Sponsors1
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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