Lower middle market private equity firm

American Pacific Group

At a glance

Assets under management$1.2B (as of Sep 2026) S6
Latest fundAmerican Pacific Group Fund II, $700M (Dec 2022) S5
EBITDA rangeUp to $30M S2
Deal typesPlatform, Add-on S2
GeographyNorth America S2
SectorsConsumer & Food, Environmental & Waste, Industrial & Manufacturing, IT Services & MSP, Distribution, HVAC, Plumbing & Electrical

What American Pacific Group buys

American Pacific Group is a private equity firm in Larkspur, California, started in 2019 by Fraser Preston, a former managing director at H.I.G. Capital. It manages about $1.2 billion and looks at five areas: consumer brands, engineered products, technology, industrial services and healthcare. Its criteria cover North American companies with up to $30 million of EBITDA, with no stated floor. It does majority recapitalizations, buyouts, buy-and-build platforms, corporate carve-outs, take-privates and add-ons, and it prefers deals where the current owners keep a sizeable stake.

After closing, APG's operating partners work with management on sales, operations, finance, technology and hiring, guided by a lean-based planning routine the firm calls the Q Process. Its latest fund is the $700 million Fund II, closed in December 2022. Current holdings include Dossier, a New York fragrance brand added in April 2026, Fresche Solutions, an IBM i application and managed IT services company, and Aesop Auto Parts, a roll-up of auto recyclers. The firm reports 24 add-ons across 13 platforms, so a smaller company may fit as an add-on to one of them.

Recent deals

Announced in the 24 months before November 2, 2026.

DateCompanyTypeSectorSource
Sep 2026ServerLIFTData center lifting equipment maker sold to Justrite Safety Group, an Audax portfolio company; closed August 31, 2026ExitIndustrial & ManufacturingSource
Apr 2026DossierNew York fragrance brand, APG's fifth consumer products platform; the founder stays on as CEOPlatformConsumer & FoodSource
Oct 2025CoteriePremium diaper brand to be acquired by Mammoth Brands; APG held a minority stakeExitConsumer & FoodSource
Jan 2025ServerLIFTInvestment in a family-owned Phoenix maker of lifting equipment for data centers, alongside its two foundersPlatformIndustrial & ManufacturingSource

Portfolio by sector

From the firm's portfolio page S3.

Business Services

  • C.F. Stinson Current
  • Gym Launch, Prestige Labs and GymOwners.com Current
  • Media One Current
  • Spark Power Current

Consumer

  • Alete Active Nutrition Current
  • Dossier Current
  • SoFlo Customs Current
  • Wellbeam Consumer Health Current

Industrial

  • Aesop Auto Parts Current
  • XLR8 EMS Current

Technology

  • Fresche Solutions Current

Past investments: ServerLIFT, Coterie

Greymont’s take

How American Pacific Group fits a seller

APG suits founders of consumer brands, specialty manufacturers and service businesses who want help growing and are willing to keep a real share of the company. Its recent deals follow that pattern. When it invested in ServerLIFT, the two family owners stayed involved, and APG sold the company to a larger strategic buyer less than two years later. In the April 2026 Dossier deal, the founder stayed on as chief executive.

Expect a hands-on owner. APG's operating partners support sales, operations, finance and talent, sometimes in interim roles, and the Q Process sets a short list of priorities for the board and managers. Owners should ask how much of the company they would keep, how long APG plans to hold it given the quick ServerLIFT sale, and which operating partners would work with their team.

Questions owners ask

How large a company does American Pacific Group invest in?

Its stated range is up to $30 million of EBITDA, starting from zero, for companies based in North America. Recent platforms include a family-owned equipment maker in Phoenix and a founder-led fragrance brand in New York.

Does the owner keep a stake after APG invests?

Usually, yes. APG says it works on a partnership model in which the current owners keep a sizeable piece of the business, and in the April 2026 Dossier deal the founder stayed on as chief executive.

Does American Pacific Group own an IT services company?

Yes. Fresche Solutions, which an APG affiliate has backed since December 2020, provides IBM i application support, modernization and managed IT services, and in 2023 it added Silveredge Consulting, an IT consultancy with a Chicago office.

Who does APG sell its companies to?

Its two most recent exits went to strategic buyers: ServerLIFT to Justrite Safety Group, an Audax-owned safety products company, in September 2026, and Coterie to Mammoth Brands, the company behind Harry's, announced in October 2025.

Sources

  1. S1American Pacific Group home page Accessed November 2, 2026
  2. S2American Pacific Group: How We Invest Accessed November 2, 2026
  3. S3American Pacific Group: Partner Companies Accessed November 2, 2026
  4. S4American Pacific Group: Contact Accessed November 2, 2026
  5. S5American Pacific Group Announces Fund II Close (December 13, 2022) Accessed November 2, 2026
  6. S6American Pacific Group Completes Sale of ServerLIFT to Justrite Safety Group (September 1, 2026) Accessed November 2, 2026
  7. S7American Pacific Group Announces Investment in Dossier (April 2, 2026) Accessed November 2, 2026
  8. S8American Pacific Group Announces Partnership with ServerLIFT (January 21, 2025) Accessed November 2, 2026
  9. S9Coterie, a Portfolio Company of an American Pacific Group Affiliate, to be Acquired by Mammoth Brands (October 21, 2025) Accessed November 2, 2026
  10. S10American Pacific Group: 2024 Year in Review Accessed November 2, 2026
  11. S11Fresche Solutions Acquires Silveredge Consulting (February 8, 2023) Accessed November 2, 2026
  12. S12American Pacific Group Completes Acquisition of Fresche Solutions (December 10, 2020) Accessed November 2, 2026
  13. S13American Pacific Group: Our Difference Accessed November 2, 2026
  14. S14American Pacific Group: Aesop Auto Parts company page Accessed November 2, 2026
  15. S15American Pacific Group: Spark Power company page Accessed November 2, 2026
  16. S16American Pacific Group News Accessed November 2, 2026

Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with American Pacific Group. Figures are as reported on the dates shown and may have changed. Request a correction

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