Lower middle market private equity firm
Boyne Capital Partners
- HeadquartersMiami, FL S6
- Founded2006 S1
- Websiteboynecapital.com
- Last verifiedOctober 20, 2026
At a glance
| EBITDA range | $3M to $15M S7 |
|---|---|
| Revenue range | $10M to $100M S3 |
| Deal types | Platform, Add-on, Minority, Growth S3 |
| Geography | United States, Canada S3 |
| Sectors | Consumer & Food, Roofing, Construction Services, Industrial & Manufacturing, Distribution, IT Services & MSP, Healthcare Services |
What Boyne Capital Partners buys
Boyne Capital is a Miami firm, based in Coconut Grove, that has invested in lower middle market companies since 2006. It calls itself a generalist that works through themes, and its current list covers business services, consumer products and services, healthcare services, industrials and niche manufacturing, utility and infrastructure services, environmental services, water and wastewater, energy efficiency, government services and agriculture. About half of its deals have been recapitalizations of owner-run businesses; the rest are corporate carve-outs, restructurings and special situations.
The size target is $10 million to $100 million of revenue, and its recent releases add EBITDA of $3 million to $15 million, in the United States and Canada. Boyne prefers control and likes the current managers to stay, though it does not require it. It also funds add-ons, growth capital and the odd minority deal, such as its stake in SageWater alongside Grindstone Partners. Several current companies are openly looking for add-ons, including CloudSafe in managed IT and cloud hosting, H&B Facility Services in commercial cleaning, and Pinnacle in Southeast home roofing and windows.
Recent deals
Announced in the 24 months before October 20, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| May 2026 | Local Boy OutfittersSouthern outdoor apparel brand; the deal bought out an inactive co-founder and the CEO stays a major shareholder | Platform | Consumer & Food | Source |
| May 2026 | YZY FragrancesMiami maker of affordable perfume, cologne and body mist brands | Platform | Consumer & Food | Source |
| May 2026 | H&B Facility ServicesNew Jersey commercial cleaning company that starts a new facility services platform built through acquisitions | Platform | Source | |
| Mar 2026 | McKee Utility ContractorsFamily-run water and wastewater pipeline contractor sold to MasTec at a $276 million enterprise value | Exit | Construction Services | Source |
| Jan 2026 | Pilot EnergySingle-asset continuation fund, led by New 2nd Capital, that extends Boyne's ownership and adds capital for acquisitions | Investment | Source | |
| Jan 2026 | Double Wood SupplementsSupplement brand bought in December 2020 and sold to Gryphon Investors | Exit | Consumer & Food | Source |
| May 2025 | McNishMaker of wastewater treatment equipment sold under the Walker Process, Amwell and E&I brands | Platform | Industrial & Manufacturing | Source |
| Feb 2025 | Blue Monkey BeveragesTropical juice brand bought with independent sponsor Fifth Ocean Capital, whose principal became CEO | Platform | Consumer & Food | Source |
| Jan 2025 | FAS Windows & Doors and Lindholm RoofingFlorida window and metal roofing companies added to Pinnacle Home Improvement Group; both keep their names and managers | Add-on | Roofing | Source |
Portfolio by sector
From the firm's portfolio page S4.
Business Services
- CloudSafe
- Flatworld Solutions
- H&B Facility Services
- IRONMARKETS
- Pilot Energy
Consumer Products / Food
- AllGuard
- Blue Monkey Beverages
- Local Boy Outfitters
- YZY Fragrances
Healthcare
- Novellum Longevity
Industrial / Distribution
- Adapt Laser Systems
- ASAP Industries Manufacturing
- Galleher Industries
- Masters Building Products
- ProFusion Industries
Infrastructure Services / Building Products
- GreenRise Technologies
- Integral Energy Services
- McNish
- Premier Building Associates
- Ryan Infrastructure Services
- SageWater
Residential Services - Home Improvement
- Pinnacle Home Improvement Group
Past investments: McKee Utility Contractors, Double Wood Supplements
Greymont’s take
How Boyne Capital Partners fits a seller
Boyne suits founders and families who want to take money off the table but keep running the company, especially in consumer brands, building and infrastructure services, and niche manufacturing. Many of its deals are recapitalizations where the founder stays: the Local Boy Outfitters CEO remained a major shareholder in May 2026, and the McNish deal gave its owners a succession plan. Boyne also partners with independent sponsors, as with Fifth Ocean Capital at Blue Monkey.
Its exits show what a full cycle can look like. McKee Utility, a family-run water pipeline contractor recapitalized in 2022, sold to MasTec in March 2026 at a $276 million enterprise value after revenue more than doubled. Boyne has also used a continuation fund to keep backing Pilot Energy for longer. Owners should ask how much equity they will keep, what Boyne's operations and recruiting teams plan to change, and how long it expects to hold.
Questions owners ask
What size companies does Boyne Capital invest in?
Its criteria page lists $10 million to $100 million of annual revenue, and its 2025 and 2026 press releases describe a target of $3 million to $15 million of EBITDA. It invests in the United States and Canada.
Does Boyne buy founder-owned businesses?
Yes. It says about half of its transactions have been recapitalizations of owner-operated businesses. Recent examples include founder-led Local Boy Outfitters in May 2026 and H&B Facility Services, whose founder partnered with Boyne to start a commercial cleaning platform.
Does Boyne invest in IT services companies?
It owns CloudSafe, a St. Augustine, Florida provider of managed IT infrastructure and cloud hosting. Boyne's portfolio page says CloudSafe is looking for add-ons in cloud hosting, backup and disaster recovery services.
Has Boyne sold any companies recently?
Yes. It sold Double Wood Supplements to Gryphon Investors in January 2026 and McKee Utility Contractors to MasTec in March 2026, the second at a $276 million enterprise value.
Sources
- S1Boyne Capital home page Accessed October 20, 2026
- S2Boyne Capital: About Accessed October 20, 2026
- S3Boyne Capital: Criteria Accessed October 20, 2026
- S4Boyne Capital: Portfolio Accessed October 20, 2026
- S5Boyne Capital: News Accessed October 20, 2026
- S6Boyne Capital: Contact (Miami, FL address) Accessed October 20, 2026
- S7Boyne Capital Announces New Platform Investment in McNish, LLC (May 20, 2025) Accessed October 20, 2026
- S8Boyne Capital Announces New Commercial Roofing Platform Investment in Premier Building Associates (August 26, 2024) Accessed October 20, 2026
- S9Boyne Capital portfolio: CloudSAFE Accessed October 20, 2026
- S10Boyne Capital Announces the Sale of McKee Utility to MasTec (March 2, 2026) Accessed October 20, 2026
- S11Boyne Capital portfolio: SageWater (minority recapitalization) Accessed October 20, 2026
- S12Boyne Capital portfolio: McNish (succession and shareholder liquidity) Accessed October 20, 2026
- S13Boyne Capital portfolio: YZY Fragrances (majority stake) 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 Boyne Capital Partners. Figures are as reported on the dates shown and may have changed. Request a correction