Middle market private equity firm

Broad Sky Partners

At a glance

Check size$50M to $250M S2
Deal typesPlatform, Add-on, Minority S2
GeographyNorth America S2
SectorsIT Services & MSP, HVAC, Plumbing & Electrical, Accounting & Professional Services, Distribution, Consumer & Food

What Broad Sky Partners buys

Broad Sky Partners is a New York private equity firm that launched in late 2021. It backs middle market companies that provide essential services, and it picks targets by theme within a set list of sectors: professional services, IT and tech services, infrastructure services, commercial and facility services, testing and inspection, residential services, media services, and distribution and logistics. Its strategy page lists a target equity check of $50 million to $250 million, a focus on North America, and both control deals and strategic minority stakes.

By the time of its first exit in August 2026, the firm said it had made seven platform investments and 23 add-ons. Current platforms include Thomas Scientific in lab supply distribution, Frontline Managed Services in managed IT for law firms, Commonwealth Electrical Technologies in commercial electrical work in the Northeast, and Punctual Pros in residential HVAC, plumbing and electrical service. With checks that size, a typical founder-owned business is more likely to meet Broad Sky as an add-on to one of these platforms, as Horvath Home Services and NuWave Energy Solutions did.

Recent deals

Announced in the 24 months before October 19, 2026.

DateCompanyTypeSectorSource
Aug 2026Smith + HowardAtlanta accounting and advisory firm sold to TPG after nine add-ons and close to fourfold revenue growth; Broad Sky's first exitExitAccounting & Professional ServicesSource
May 2026365 SherpasGerman corporate affairs consultancy added to Bully Pulpit International; its leaders became BPI shareholdersAdd-onSource
Oct 2025NuWave Energy SolutionsNorwell, Massachusetts energy-efficiency design and build firm; the first add-on for Commonwealth Electrical TechnologiesAdd-onHVAC, Plumbing & ElectricalSource
May 2025Agado CommunicationsSports and advocacy communications firm added to Bully Pulpit InternationalAdd-onSource
Mar 2025Commonwealth Electrical TechnologiesWorcester, Massachusetts commercial electrical, solar and EV charging contractor; Broad Sky became majority owner in February 2025PlatformHVAC, Plumbing & ElectricalSource
Mar 2025Propper DaleyCulture-focused impact agency added to Bully Pulpit InternationalAdd-onSource
Dec 2024Frontline Managed ServicesSt. Louis provider of managed IT and revenue cycle services to more than 800 law firmsInvestmentIT Services & MSPSource
Dec 2024Fahrenheit AdvisorsRichmond, Virginia consulting and executive search firm with more than 140 staff, added to Smith + HowardAdd-onAccounting & Professional ServicesSource
Dec 2024Horvath Home ServicesCentral New Jersey operator of HVAC, plumbing and electrical franchises, added to Punctual Pros as its first deal outside PennsylvaniaAdd-onHVAC, Plumbing & ElectricalSource
Nov 2024Seven Hills and Message HouseTwo UK campaign and message research firms added to Bully Pulpit InternationalAdd-onSource

Portfolio by sector

From the firm's portfolio page S3.

Business Services

  • Thomas Scientific
  • Bully Pulpit International
  • Frontline Managed Services
  • Commonwealth Electrical Technologies

Consumer

  • Fair Harbor

Consumer Services

  • Punctual Pros

Greymont’s take

How Broad Sky Partners fits a seller

Broad Sky suits owners of services businesses, especially managed IT, electrical and home services, and professional services, who want a sponsor that will pay for acquisitions. Its first exit shows the model: in about three and a half years, Smith + Howard grew from one Atlanta office to 11 locations through nine acquisitions, with revenue up nearly four times, before a sale to TPG. Most owners will meet the firm through a platform, as the owner of Horvath Home Services did when his franchise group joined Punctual Pros in December 2024 and gained access to more training and marketing support. An owner selling to a platform should ask whether they can roll equity and how that stake is treated when Broad Sky sells. An owner of a larger company should ask whether the firm wants control or a minority position.

Questions owners ask

How large an investment does Broad Sky Partners make?

Its strategy page lists a target equity check of $50 million to $250 million, with a focus on North America. That points to larger middle market companies for new platforms, while smaller businesses usually join as add-ons.

Does Broad Sky Partners invest in IT services companies?

Yes. In December 2024 it invested in Frontline Managed Services, which provides managed IT and revenue cycle services to more than 800 law firms. Its strategy page also names IT and tech services as one of its sectors.

Has Broad Sky Partners sold any companies?

Its first exit was the August 2026 sale of Smith + Howard, an Atlanta accounting and advisory firm, to TPG. Broad Sky says revenue grew nearly four times during its ownership, helped by nine acquisitions.

Does Broad Sky buy home services companies?

Yes. In 2024 it invested in Punctual Pros, a Central Pennsylvania operator of One Hour Heating & Air Conditioning, Benjamin Franklin Plumbing and Mister Sparky franchises, which added Horvath Home Services in New Jersey that December.

Sources

  1. S1Broad Sky Partners home page Accessed October 19, 2026
  2. S2Broad Sky Partners: Strategy (sectors and investment criteria) Accessed October 19, 2026
  3. S3Broad Sky Partners: Investments Accessed October 19, 2026
  4. S4Broad Sky Partners: Contact Accessed October 19, 2026
  5. S5Broad Sky Partners Completes Sale of Smith + Howard to TPG (August 6, 2026) Accessed October 19, 2026
  6. S6Broad Sky Partners: News Accessed October 19, 2026
  7. S7Frontline Managed Services Secures Investment from Broad Sky Partners (Business Wire, December 11, 2024) Accessed October 19, 2026
  8. S8Commonwealth Electrical Technologies acquired by Broad Sky Partners (Business Wire, March 19, 2025) Accessed October 19, 2026
  9. S9Punctual Pros Acquires Horvath Home Services (PR Newswire, December 3, 2024) Accessed October 19, 2026
  10. S10Broad Sky Partners: Punctual Pros Accessed October 19, 2026
  11. S11Broad Sky Partners: Frontline Managed Services Accessed October 19, 2026

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

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