Lower middle market private equity firm
Baum Capital Partners
- HeadquartersKansas City, MO S1
- Websitebaumpartners.com
- Last verifiedNovember 5, 2026
At a glance
| EBITDA range | $3M to $8M S2 |
|---|---|
| Deal types | Platform, Add-on, Growth S4 |
| Geography | United States S2 |
| Sectors | Education, Healthcare Services |
What Baum Capital Partners buys
Baum Capital Partners is a Kansas City private equity firm that looks for US service and tech-enabled companies with $3 million to $8 million of EBITDA, and sets no size limit on add-ons. It wants to be the first institutional money in a business and to own a majority, and it prefers founder-owned or owner-operated companies where the existing owners keep a real stake. It uses growth equity, recapitalizations and management-led buyouts. Its five focus areas are tech-enabled services and software, professional business services, industrial services, essential consumer services, and education and training.
Baum says it backs fewer than five companies at a time, and it lists only two today: Level Education Group and The Place for Children with Autism. It wants essential services with repeat demand and low capital needs. A smaller company is most likely to meet Baum as an add-on, as Triad did when Level bought it in October 2025.
Recent deals
Announced in the 24 months before November 5, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Oct 2025 | TriadExam prep and continuing education provider for behavioral and mental health professionals, bought by Level Education Group | Add-on | Education | Source |
Portfolio by sector
From the firm's portfolio page S3.
Healthcare Services
- The Place for Children with Autism
Professional Education
- Level Education Group
Past investments: Goettl Home Services
Greymont’s take
How Baum Capital Partners fits a seller
Baum fits a founder who has never taken outside money, is ready to sell control, and wants to stay invested and keep building. With fewer than five companies at a time, an owner can expect close attention, and the firm calls its time horizon patient. In the 2018 Goettl recapitalization, the CEO stayed in charge and kept a significant stake, which is a fair picture of the partner Baum wants.
Owners should ask how much equity they are expected to keep, and how much capital Baum has ready, since it publishes no fund size. Its criteria list many fields it does not own today, such as managed IT, environmental services and pest control, so an owner in one of those fields should also ask what direct experience the team brings.
Questions owners ask
What size company does Baum Capital Partners look for?
It targets US companies with $3 million to $8 million of EBITDA and sets no size limit on add-ons to its existing companies. It wants a majority position and prefers to be the first institutional investor.
Do owners stay invested after Baum buys in?
That is what Baum looks for. It lists meaningful continued investment by existing owners among its criteria, and in its 2018 Goettl deal the CEO stayed in the job and remained a significant shareholder.
Does Baum buy education companies?
Yes. Education and training is a named focus, and Level Education Group is a current holding. Level bought Triad in October 2025, adding exam prep brands such as AATBS and Academic Review for behavioral health professionals.
How many companies does Baum own?
Its overview says it gives intense support to fewer than five companies. Its site lists two current investments, Level Education Group and The Place for Children with Autism, and one prior investment, Goettl Home Services.
Sources
- S1Baum Capital Partners home page Accessed November 5, 2026
- S2Baum Capital Partners: Investment Criteria Accessed November 5, 2026
- S3Baum Capital Partners: Our Portfolio Companies Accessed November 5, 2026
- S4Baum Capital Partners overview (PDF) Accessed November 5, 2026
- S5Baum Capital Partners: For Owners Accessed November 5, 2026
- S6Baum Capital Partners: Our Team Accessed November 5, 2026
- S7Level Education Group Acquires Triad (PR Newswire, October 13, 2025) Accessed November 5, 2026
- S8Tyton Partners note on the Triad sale (seller's adviser, October 14, 2025) Accessed November 5, 2026
- S9Level Education Group: Our Brands Accessed November 5, 2026
- S10Baum Capital Partners Backs Ken Goodrich in Recapitalization of Goettl (PR Newswire, August 27, 2018) Accessed November 5, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Baum Capital Partners. Figures are as reported on the dates shown and may have changed. Request a correction