Multi-sector private equity firm

Berkshire Partners

At a glance

Latest fundBerkshire Fund XI, $7.8B (Oct 2024) S6
Check size$150M+ S2
Deal typesPlatform, Add-on, Minority, Growth S2
GeographyNorth America S2
SectorsIT Services & MSP, Environmental & Waste, Healthcare Services, Industrial & Manufacturing, Software & SaaS, Wealth Management, Distribution, Transportation & Logistics, Construction Services, Consumer & Food

What Berkshire Partners buys

Berkshire Partners is a Boston private equity firm founded in 1986 and owned entirely by its employees. Its private equity funds have raised more than $20 billion, and it now invests from Fund XI, which closed at about $7.8 billion in October 2024. Separate teams cover services, healthcare, industrials and technology, and a digital infrastructure team backs towers, data centers and fiber networks. Typical targets are worth $200 million to $2 billion and take $150 million to more than $500 million of equity, with headquarters mainly in North America.

Berkshire takes majority or minority stakes through buyouts, management recapitalizations and growth investments, and it likes companies that can grow by acquisition. Thrive, a managed IT and security provider it backed in January 2025, bought five IT firms that year. Triumvirate Environmental, which handles hazardous and regulated waste, took a growth investment in February 2025. A smaller company is far more likely to meet Berkshire as an add-on to platforms like these than as a new platform.

Recent deals

Announced in the 24 months before October 22, 2026.

DateCompanyTypeSectorSource
Sep 2026TowerNorthAdditional growth capital for the wireless tower developer, which grew from 64 to 231 towers since 2023InvestmentSource
Sep 2026Consolidated Precision Products (CPP)Agreement to sell the aerospace castings maker to GE Aerospace for $11.75 billion, alongside Warburg PincusExitIndustrial & ManufacturingSource
Jun 2026Harbourfront Wealth GroupAgreement to invest in the Canadian wealth manager at a C$1.775 billion valuation; Audax keeps a significant stakeInvestmentWealth ManagementSource
Jan 2026Clearwave FiberAgreement to combine with Point Broadband under joint control of Berkshire and GTCRAdd-onSource
Dec 2025United Flow TechnologiesWater and wastewater technical distributor; management stays and H.I.G. keeps a minority stakePlatformDistributionSource
Nov 2025WorksightedMichigan IT support company, Thrive's fifth acquisition of 2025Add-onIT Services & MSPSource
Sep 2025VitalCOREMidwest managed technology provider added to ThriveAdd-onIT Services & MSPSource
Jul 2025TriumphTake-private of the aerospace systems maker completed with Warburg PincusPlatformIndustrial & ManufacturingSource
Jul 2025Baroan TechnologiesManaged IT support provider added to ThriveAdd-onIT Services & MSPSource
Jul 2025AbacodeTampa managed cybersecurity and compliance provider added to ThriveAdd-onCybersecuritySource
Mar 2025Forcura and Medalogix (now Mosai)Two post-acute care software firms combined with Berkshire as majority ownerPlatformSoftware & SaaSSource
Feb 2025Secured Network ServicesNew Hampshire IT provider added to ThriveAdd-onIT Services & MSPSource
Feb 2025Triumvirate EnvironmentalGrowth investment at a $1.8 billion valuation; the founder stays as CEO and staff get an employee ownership planGrowthEnvironmental & WasteSource
Jan 2025ThriveInvestment in the MSP and managed security provider alongside existing owner Court SquareInvestmentIT Services & MSPSource
Jan 2025Electric Power EngineersGrowth investment in the Austin power systems engineering and consulting firmGrowthSource
Dec 2024RJW Logistics GroupInvestment in the retail logistics provider for consumer packaged goods brandsInvestmentTransportation & LogisticsSource
Oct 2024Berkshire Fund XIAbout $7.8 billion of commitments, the firm's largest fundFund closeSource

Portfolio by sector

From the firm's portfolio page S5.

Consumer

  • Portillo's

Digital Infrastructure

  • Fleet Data Centers
  • MedOne
  • Point Broadband
  • Teraco Data Environments
  • TowerNorth
  • Tract

Healthcare

  • Ensemble Health Partners
  • IVC Evidensia
  • Mosai
  • Precision Medicine Group
  • PurFoods
  • US Anesthesia Partners
  • Vital Care

Industrials

  • Consolidated Precision Products Corp.
  • Electric Power Engineers
  • FoodChain ID
  • Harvey Performance Company
  • National Carwash Solutions
  • RJW Logistics Group
  • Triumph

Services

  • Access
  • CrossFit
  • EP Wealth Advisors
  • Harbourfront Wealth Group
  • Parts Town
  • Specialized Elevator
  • Thompson Safety
  • Thrive
  • Trees.com
  • Triumvirate Environmental
  • United Flow Technologies

Technology

  • AHEAD
  • Accela
  • Asurion
  • Curriculum Associates
  • Opensignal
  • PDQ
  • Tango
  • UPSTACK

Greymont’s take

How Berkshire Partners fits a seller

Berkshire suits owners of large companies who want a partner for growth, including some who want to keep control, since it takes minority stakes as well as majority ones. Most founders will meet it through a platform instead. Thrive is the clearest case: it had made 15 acquisitions between 2020 and early 2025, then closed five more in 2025 under Berkshire's ownership, buying IT firms from New Hampshire to Michigan. At Triumvirate, the founder and his team kept their roles after the 2025 investment, and the deal created an ownership plan for employees.

An owner talking to a Berkshire platform should ask whether that platform is early in Berkshire's hold or close to a sale. Berkshire is an active seller too, as its September 2026 agreement to sell CPP to GE Aerospace shows.

Questions owners ask

What size companies does Berkshire Partners invest in?

Its stated parameters are enterprise values of $200 million to $2 billion and equity investments of $150 million to more than $500 million, mainly in companies based in North America.

Does Berkshire Partners take minority stakes?

Yes. It lists majority or minority ownership as normal options, along with buyouts, management recapitalizations, partial recapitalizations and growth capital. In its June 2026 Harbourfront Wealth deal, existing backer Audax kept a significant interest.

Does Berkshire back IT managed service providers?

Yes. Thrive, a Massachusetts MSP and managed security provider, took an investment from Berkshire and Court Square in January 2025, then bought Secured Network Services, Abacode, Baroan Technologies, VitalCORE and Worksighted during 2025.

Does Berkshire invest in environmental and waste services?

Yes. In February 2025 it made a growth investment in Triumvirate Environmental, which handles hazardous and regulated waste and offers environmental advisory work, at a $1.8 billion valuation. Its earlier investments included Clean Harbors and Casella Waste Systems.

Sources

  1. S1Berkshire Partners home page Accessed October 22, 2026
  2. S2Berkshire Partners: Private Equity Investment Strategy (investment parameters) Accessed October 22, 2026
  3. S3Berkshire Partners: Private Equity Sector Focus Accessed October 22, 2026
  4. S4Berkshire Partners: Background & History Accessed October 22, 2026
  5. S5Berkshire Partners: Private Equity Portfolio (current and former) Accessed October 22, 2026
  6. S6Berkshire Partners Announces Close of Fund XI with Approximately $7.8 Billion in Commitments (October 30, 2024) Accessed October 22, 2026
  7. S7Thrive Receives Strategic Investment from Berkshire Partners and Court Square Capital Partners (January 14, 2025) Accessed October 22, 2026
  8. S8Triumvirate Environmental Valued at $1.8 Billion Following Growth Investment from Berkshire Partners (February 4, 2025) Accessed October 22, 2026
  9. S9Thrive Acquires Strategic IT Services Company Worksighted (November 11, 2025) Accessed October 22, 2026
  10. S10Berkshire Partners: Digital Infrastructure Accessed October 22, 2026
  11. S11Berkshire Partners: Press Releases Accessed October 22, 2026

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

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