Middle market private equity firm
Aurora Capital Partners
- HeadquartersLos Angeles, CA S7
- Founded1991 S2
- Websiteauroracap.com
- Last verifiedOctober 20, 2026
At a glance
| Assets under management | $6B (as of Oct 2026) S7 |
|---|---|
| Latest fund | Aurora Equity Partners VII, $2.1B (Sep 2025) S6 |
| Check size | $50M to $300M S3 |
| Deal types | Platform, Add-on S3 |
| Geography | United States S6 |
| Sectors | Environmental & Waste, Industrial & Manufacturing, Software & SaaS, Transportation & Logistics |
What Aurora Capital Partners buys
Aurora Capital Partners is a Los Angeles private equity firm, started in 1991, that manages about $6 billion. It buys established US middle market companies in three groups: services for industrial and business customers, technology sold to industrial users, and software or tech-enabled services. Current examples include standby generator service (GenServe), medical waste collection and disposal (Sharps Medical Waste Services), litigation support (First Legal), specialty lubricants (Lubrication Engineers) and software for schools and government (Softdocs).
Aurora is a larger buyer than most firms in this directory. Its strategy page says it usually looks at businesses worth $100 million to $500 million and invests $50 million to $300 million of equity in each, with modest debt. It only backs the existing management team, and those managers usually invest alongside it. Its companies make about six acquisitions each on average. The newest fund, Aurora Equity Partners VII, closed above $2.1 billion in September 2025. A smaller company is most likely to meet Aurora as an add-on, the way four generator service firms joined GenServe in October 2026.
Recent deals
Announced in the 24 months before October 20, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Oct 2026 | D Square Energy, Static Power, Alternative Power Solutions and 1st Class Generator ServicesFour backup power service firms added to GenServe, including its first location in the Pacific Northwest | Add-on | Source | |
| Oct 2026 | SoftdocsDocument management and workflow software for colleges, school districts and government agencies | Platform | Software & SaaS | Source |
| Jan 2026 | AnovaRemote monitoring hardware and software for industrial gas, propane, fuel and chemical tanks; Aurora plans add-ons | Platform | Source | |
| Sep 2025 | Aurora Equity Partners VIIClosed with more than $2.1 billion of commitments, above target and the firm's largest fund | Fund close | Source | |
| Jul 2025 | FMG SuiteAgreement to sell the marketing software provider for financial advisors and insurance agents to GTCR | Exit | Software & SaaS | Source |
| Jul 2025 | SWEPCOMaker of industrial greases and oils added to Lubrication Engineers, its third acquisition of 2025 | Add-on | Industrial & Manufacturing | Source |
| Feb 2025 | Dora's Naturals (high-pressure processing assets)Food safety processing equipment in the New York area added to Universal Pure | Add-on | Consumer & Food | Source |
Portfolio by sector
From the firm's portfolio page S4.
Industrial & Business Services and Industrial Technologies
- Anova
- Cold Chain Technologies
- GenServe
- Impact Environmental Group
- Inhance Technologies
- IronSite
- Lubrication Engineers
- Pace
- Premier Roofing
- PSC Group
- Sharps Medical Waste Services
- Spray-Tek
- SRP Companies
- Universal Pure
Software & Tech-Enabled Services
- First Legal
- Fusable
- Grace Hill
- Randall Reilly
- Softdocs
- Zywave
Greymont’s take
How Aurora Capital Partners fits a seller
Aurora suits owners of sizable, well-run service or industrial businesses who want to keep leading the company after a sale. The firm only invests behind the current management team, and those managers usually put their own money into the deal, so an owner who stays on should expect to roll part of the proceeds into the new company rather than take a clean exit. Inc. put Aurora on its 2024 list of founder-friendly investors, and the firm says it backed seven founder-led companies from 2016 to 2024.
For most smaller owners, the realistic route is selling to an Aurora platform. GenServe, Lubrication Engineers and Universal Pure have all bought companies or assets since early 2025. Owners should ask how the platform will fold in their staff and customers, and how long Aurora expects to hold the platform before it sells.
Questions owners ask
Does Aurora Capital Partners buy waste or environmental services companies?
Yes. It owns Sharps Medical Waste Services, which collects, treats and disposes of medical waste for healthcare providers across the US, and Impact Environmental Group, which supplies replacement parts and services for commercial waste containers. Aurora called its 2022 Sharps Compliance purchase its fifth investment in medical waste.
How large a company does Aurora buy?
Its strategy page says it usually targets businesses valued at $100 million to $500 million and invests $50 million to $300 million of equity in each one. Smaller companies usually join as add-ons to one of its existing platforms.
Does management stay after Aurora invests?
Aurora says it only invests behind the existing management team, that those managers usually buy a meaningful stake alongside the firm, and that it leaves day-to-day operations in their hands.
What is Aurora's latest fund?
Aurora Equity Partners VII closed in September 2025 with more than $2.1 billion of commitments, the largest fund in the firm's history. It invests in US middle market business services, industrial services and tech-enabled services companies.
Sources
- S1Aurora Capital Partners home page Accessed October 20, 2026
- S2Aurora Capital Partners: About the Firm Accessed October 20, 2026
- S3Aurora Capital Partners: Strategy Accessed October 20, 2026
- S4Aurora Capital Partners: Portfolio (current and historical) Accessed October 20, 2026
- S5Aurora Capital Partners: News Accessed October 20, 2026
- S6Aurora Capital Partners Successfully Raises over $2.1 Billion for Middle Market Private Equity Strategy (September 11, 2025) Accessed October 20, 2026
- S7Aurora Capital Partners Acquires Softdocs (October 5, 2026) Accessed October 20, 2026
- S8Aurora Capital Partners Completes Acquisition of Sharps Compliance Corp. (August 24, 2022) Accessed October 20, 2026
- S9Aurora Capital Partners Named to Inc.'s 2024 List of Founder-Friendly Investors (October 29, 2024) Accessed October 20, 2026
- S10GenServe Expands with Four Strategic Acquisitions (October 6, 2026) Accessed October 20, 2026
- S11Aurora Capital Partners: Sharps Medical Waste Services portfolio page 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 Aurora Capital Partners. Figures are as reported on the dates shown and may have changed. Request a correction