Lower middle market private capital firm
B12 Capital Partners
- HeadquartersShawnee, KS S1
- Founded2006 S6
- Websiteb12capitalpartners.com
- Last verifiedNovember 2, 2026
At a glance
| EBITDA range | $0.5M to $5M S2 |
|---|---|
| Revenue range | $5M to $50M S2 |
| Deal types | Platform, Add-on, Minority, Growth S3 |
| Geography | Greater Midwest, Southeast, Intermountain West S2 |
| Sectors | Industrial & Manufacturing, Distribution, Consumer & Food |
What B12 Capital Partners buys
B12 Capital Partners is a Shawnee, Kansas firm that buys and invests in manufacturers, specialty distributors and niche consumer product companies with $5 million to $50 million of revenue. It prefers at least $500,000 of EBITDA, up to about $5 million, with margins of 10 to 20 percent, five or more years of history and a management team that plans to stay. It focuses on the Greater Midwest, the Southeast and the Intermountain West, and it avoids startups and businesses with heavy technology or regulatory risk.
B12 will buy a company outright when an owner wants to retire, recapitalize it so the owner keeps a minority stake, carve out a corporate division, or fund a growing company and its acquisitions. It invests through series LLC vehicles and groups its companies into long-term holding companies by industry, such as attachments and work tools, filtration, wire harnesses, material handling and fire safety. Smaller revenue can work if margins are strong or the company fits one of those groups, which is how PEBCO joined in October 2026.
Recent deals
Announced in the 24 months before November 2, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Oct 2026 | PEBCO, Inc.Paducah, Kentucky maker of dry bulk material handling equipment, founded in 1977, bought by Conveying Components Group (JL Components and Lorenz Conveying Products) | Add-on | Industrial & Manufacturing | Source |
Portfolio by sector
From the firm's portfolio page S5.
Attachment & Work Tool Holdings
- B&D Fabricators
- Bloom Manufacturing
- Hercules Machinery Corporation
- TEI Rock Drills
- Titan Metal Worx
- Leading Edge Attachments
Electrical Systems Holdings
- Western Reserve Wire Products
- GML Industries
- GML Industries Midwest
Filtration & Separation Holdings
- C&W DustTech
- Filter Junkie
- Olympus Filters
- Superior Air Products
Fire & Life Safety Holdings
- S&H Fire Products
- Weis Fire
- C&S Supply
Material Handling Holdings (Conveying Components Group)
- JL Components
- Lorenz Conveying Products
- PEBCO Active add-on
Other Noteworthy Past & Present Investments
- Advanced Probing Systems Past or present (site does not say)
- Aeroform Past or present (site does not say)
- Arrow Material Handling Products Past or present (site does not say)
- Domaille Engineering Past or present (site does not say)
- Doors In Motion (INMOTION) Past or present (site does not say)
- Office Snax Past or present (site does not say)
- WEM Automation Past or present (site does not say)
Transportation Equipment Holdings
- Allvan
- Brown Industries
- Diamond Coach
Greymont’s take
How B12 Capital Partners fits a seller
B12 suits the owner of a Midwest manufacturer or distributor who wants to retire and hand the business to a management team that stays. Its page for owners says it sees no need for big changes in people or operations while results hold up, and that managers should get a real ownership stake. The two managing partners, along with former business owners and executives who invest with them, sit on boards and help find add-ons and hire talent.
Because B12 builds long-term holding companies, a sale often means joining a group of related manufacturers rather than being resold within a few years. That can appeal to owners who care about legacy. An owner should ask how the series LLC structure and B12's investment partners will fund the deal, and how long the holding company expects to keep the business.
Questions owners ask
What size company does B12 Capital Partners buy?
Companies with $5 million to $50 million of revenue and up to about $5 million of EBITDA, with at least $500,000 preferred. It will consider smaller revenue if margins are high, growth is strong or the company fits one of its holding companies.
Will B12 buy a business from an owner who wants to retire?
Yes. Its transaction page describes buying a company outright alongside the remaining managers when an owner wants to sell and retire, and it also does recapitalizations in which the owner keeps a minority stake.
Has B12 made a recent acquisition?
In October 2026 BellMark Partners announced that Conveying Components Group, the B12 company behind JL Components and Lorenz Conveying Products, bought PEBCO, a Paducah, Kentucky maker of dry bulk handling equipment founded in 1977.
Which regions does B12 focus on?
Its investment parameters name the Greater Midwest, the Southeast and the Intermountain West, and its home page describes reaching outward from its Midwest base across the states of the Big 12 athletic conference.
Sources
- S1B12 Capital Partners home page Accessed November 2, 2026
- S2B12 Capital Partners: Investment Parameters Accessed November 2, 2026
- S3B12 Capital Partners: Transaction Types Accessed November 2, 2026
- S4B12 Capital Partners: Focus Industries Accessed November 2, 2026
- S5B12 Capital Partners: Portfolio Companies Accessed November 2, 2026
- S6B12 Capital Partners: Managing Partners Accessed November 2, 2026
- S7B12 for Business Owners Accessed November 2, 2026
- S8B12 Capital Partners: Portfolio Company Involvement Accessed November 2, 2026
- S9BellMark Partners: Recent Transaction, PEBCO, Inc. (October 20, 2026) Accessed November 2, 2026
- S10B&D Fabricators home page (Leading Edge Attachments acquisition notice) Accessed November 3, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with B12 Capital Partners. Figures are as reported on the dates shown and may have changed. Request a correction