Lower middle market private equity firm focused on industrial businesses
Angeles Equity Partners
- HeadquartersLos Angeles, CA S2
- Websiteangelesequity.com
- Last verifiedOctober 20, 2026
At a glance
| Latest fund | Angeles Equity Partners II, $540M (Aug 2023) S5 |
|---|---|
| EBITDA range | Up to $40M S1 |
| Check size | Up to $150M S1 |
| Deal types | Platform, Add-on S1 |
| Geography | United States, Canada, Any location (add-ons) S1 |
| Sectors | Industrial & Manufacturing, Roofing, Transportation & Logistics, Healthcare Services |
What Angeles Equity Partners buys
Angeles Equity Partners is a Los Angeles firm that buys industrial companies in three business models: niche manufacturing, critical industrial services and specialty distribution. Its sub-sectors include aerospace and defense, auto and truck, building products, capital equipment, facilities management, industrial technology, packaging, specialty chemicals and transportation and logistics. It takes majority control, at least 50 percent, and relies on its own operations group to rework the companies it buys. It favors carve-outs, owner succession, recapitalizations, joint ventures and special situations, and will either back current management or help bring in new leaders.
Its range runs from companies that are losing money up to $40 million of EBITDA, with enterprise values up to $375 million and equity checks up to $150 million. New platforms need a US or Canadian headquarters, while add-ons can be anywhere. The firm has close to $1 billion of commitments across two funds, the latest closing above $540 million in 2023. Smaller companies usually join as add-ons, like the three roofers O'Hara's Son Roofing has bought since May 2025.
Recent deals
Announced in the 24 months before October 20, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Sep 2026 | Formula Facilities Services and Critical Area CleaningTwo UK and Ireland data center contamination-control firms added to Promera; both owners stay on to run them | Add-on | Source | |
| May 2026 | Data Clean AsiaSingapore data center services provider added to Promera, its first operation outside North America | Add-on | Source | |
| Jan 2026 | CP RankinPennsylvania commercial roofer with seven East Coast locations joins O'Hara's Son Roofing and keeps its name | Add-on | Roofing | Source |
| Dec 2025 | XanitosHospital environmental services and patient transport provider sold to Bessemer Investors after revenue doubled under Angeles | Exit | Healthcare Services | Source |
| Nov 2025 | TechniqueMajority stake in a Michigan prototype and low-volume metal fabricator; the founder stays as CEO | Platform | Industrial & Manufacturing | Source |
| Jul 2025 | Akeso Occupational HealthMerged with Agile Occupational Medicine, co-owned with Kain Capital, creating a 42-clinic network in California and Arizona | Add-on | Healthcare Services | Source |
| Jun 2025 | SOLID Surface CareMajority stake in a Charlotte provider of cleaning and restoration for commercial carpet, stone, metal and concrete | Platform | Source | |
| Jun 2025 | Total Systems RoofingIllinois commercial roofer added to O'Hara's Son Roofing and kept under its own name | Add-on | Roofing | Source |
| May 2025 | Starkweather RoofingArizona commercial roofer, the first add-on for O'Hara's Son Roofing | Add-on | Roofing | Source |
Portfolio by sector
From the firm's portfolio page S3.
Critical Industrial Services
- SOLID Surface Care Current
- O'Hara's Son Roofing Current
- Custom Goods Current
- Promera Solutions Current
- Agile Occupational Medicine Current
- Freymiller Current
- Acieta Current
Niche Manufacturing
- Technique Current
- Precision Surfacing Solutions Current
- Primus Aerospace Current
- Crenlo Engineered Cabs Current
- ERP Power Current
- VisTech Manufacturing Solutions Current
Past investments: Xanitos, Mini Pharmacy, APCT, American Construction Source
Greymont’s take
How Angeles Equity Partners fits a seller
Angeles fits owners of industrial businesses who want a buyer that will take on a turnaround, a carve-out or a succession problem. It accepts companies that are not yet profitable and writes a detailed operating plan with management after it invests. Expect close involvement: the firm has its own operating partners, and in 2026 alone Acieta, Crenlo and O'Hara's Son Roofing all got new chief executives.
Founders who want to keep running the company can still fit. Technique's founder stayed on as chief executive after Angeles bought a majority stake in November 2025, and CP Rankin kept its name and leadership after joining O'Hara's Son Roofing. Because Angeles may either keep management or replace it, an owner should ask early whether the firm sees the current team as the long-term leaders, and how much of the company the owner would keep after closing.
Questions owners ask
Will Angeles Equity Partners buy a company that is losing money?
Yes. Its published criteria start at unprofitable companies and go up to $40 million of EBITDA, and its transaction types include special situations, recapitalizations and corporate carve-outs.
Does Angeles buy roofing companies?
Yes. It bought O'Hara's Son Roofing, a national commercial roofer based in Chicago, in 2024 and has since added Starkweather Roofing in Arizona, Total Systems Roofing in Illinois and CP Rankin in Pennsylvania.
Does the owner stay on after Angeles invests?
It depends on the deal. The firm says it will either partner with current management or help with a leadership change. Technique's founder stayed as chief executive after the November 2025 deal, while several other portfolio companies have named new chief executives since.
Sources
- S1Angeles Equity Partners home page and investment criteria Accessed October 20, 2026
- S2Angeles Equity Partners firm overview (October 2026) Accessed October 20, 2026
- S3Angeles Equity Partners: Portfolio Companies Accessed October 20, 2026
- S4Angeles Equity Partners: News Accessed October 20, 2026
- S5Angeles Equity Partners Closes Fund II Above $540 Million (August 15, 2023) Accessed October 20, 2026
- S6Angeles Equity Partners Acquires Majority Interest in Technique (November 18, 2025) Accessed October 20, 2026
- S7O'Hara's Son Roofing Adds CP Rankin to its National Roofing Platform (January 13, 2026) Accessed October 20, 2026
- S8Angeles Equity Partners Acquires O'Hara's Son Roofing (May 30, 2024) Accessed October 20, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Angeles Equity Partners. Figures are as reported on the dates shown and may have changed. Request a correction