At a glance
| Assets under management | $7.5B (as of Apr 2026) S5 |
|---|---|
| Latest fund | BVIP Fund XII, $2.5B (Jan 2026) S4 |
| EBITDA range | $7M to $30M S2 |
| Check size | $65M to $175M S2 |
| Deal types | Platform, Add-on, Minority S2 |
| Geography | North America S2 |
| Sectors | IT Services & MSP, Cybersecurity, Software & SaaS, Healthcare Services, Education, Accounting & Professional Services |
What BV Investment Partners buys
BV Investment Partners is a Boston firm that backs tech-enabled business services and IT services companies. Its current holdings run from managed IT and banking technology for community banks (Navanta) and cloud services for accounting firms (Rightworks) to healthcare data, insurance services, workforce compliance, education technology and specialty tax businesses. BV takes majority or minority stakes, is often the first institutional investor a company has had, and works with management on hiring, technology upgrades and acquisitions. Its newest fund, Fund XII, closed at its $2.465 billion hard cap in January 2026.
BV says its equity checks start at about $65 million and run to $175 million or more, and that its companies have averaged $7 million to $30 million of EBITDA when it invests. It focuses on businesses based in North America. A company below that size is most likely to meet BV as an add-on to one of its platforms, such as Navanta or Domaine, both of which bought smaller companies in 2025.
Recent deals
Announced in the 24 months before October 19, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Aug 2026 | Thomas & CompanyNashville workforce compliance provider; BV backs the existing CEO and leadership team | Investment | Accounting & Professional Services | Source |
| Apr 2026 | CallTowerMajority sold to Court Square Capital Partners; BV and management kept a minority stake | Exit | IT Services & MSP | Source |
| Mar 2026 | Moxe HealthMajority investment in a clinical data exchange platform used by providers and health plans | Platform | Software & SaaS | Source |
| Jan 2026 | Altimeter Solutions GroupCarve-out of Alacrity Solutions' managed repair division with its leadership team; first Fund XII deal | Platform | Source | |
| Jan 2026 | PatternDigital commerce agency added to Domaine | Add-on | Source | |
| Jan 2026 | BVIP Fund XIIClosed at its $2.465 billion hard cap, above a $2.0 billion target | Fund close | Source | |
| Aug 2025 | The Millennium AllianceMajority investment in a New York executive events business alongside its two co-founders | Platform | Source | |
| Jun 2025 | CodeDutch Shopify agency with about 60 staff added to Domaine | Add-on | Source | |
| Jun 2025 | Quest AnalyticsBank customer engagement software added to UFS, now part of Navanta | Add-on | Software & SaaS | Source |
| May 2025 | Sentact and PreverityMerged with The Hardenbergh Group under the Sentact name | Add-on | Healthcare Services | Source |
| Feb 2025 | TopBlocAgreement to sell the Workday consulting firm to ASGN | Exit | Source | |
| Dec 2024 | Frontline Managed ServicesManaged services provider for law firms sold to Broad Sky Partners | Exit | IT Services & MSP | Source |
Portfolio by sector
From the firm's portfolio page S3.
Business Services
- Thomas & Company
- Moxe Health
- Altimeter Solutions Group
- Staff Boom
- The Millennium Alliance
- Tiger 21
- Kami
- CyberSheath
- Balance Partners
- ENG
- Sentact
- Imagenet
- Level Data
- gWorks
- Source Advisors
- Intentsify
- EMS Management & Consultants
- Ubiquity
- Careerminds
- StraighterLine
- Veracross
- Consero Global
- EdTech Holdings
- Geologic
IT Services
- Strategic Maintenance Solutions
- Navanta
- Rightworks
- ArchLynk
- Marlabs
- Domaine
- SupportNinja
Greymont’s take
How BV Investment Partners fits a seller
BV suits founders of IT services, managed services and tech-enabled business services companies, especially owners raising outside capital for the first time. Its 2026 announcements for Thomas & Company, Moxe Health and Altimeter all describe backing the existing leadership team rather than bringing in new management. Because BV also takes minority stakes, an owner can sometimes take money off the table while keeping control.
At BV's size, a direct platform deal usually needs well above $7 million of EBITDA, so smaller companies are more likely to sell to one of its platforms. Owners should ask whether BV wants a majority or a minority position, which fund the money comes from, and how it expects to sell. Its recent exits went both to a strategic buyer (TopBloc to ASGN) and to other private equity firms (CallTower to Court Square, Frontline to Broad Sky Partners).
Questions owners ask
Does BV Investment Partners invest in IT services and managed service providers?
Yes. IT services is one of its two focus areas, and its Fund XII announcement refers to the firm's MSP strategy. Current holdings include Navanta, which provides managed IT, security and core banking technology to community banks, and Rightworks, a cloud and IT services provider for accounting firms. In April 2026 it sold a majority of CallTower, a managed cloud communications provider.
How big does a company need to be for BV?
BV says its companies have averaged $7 million to $30 million of EBITDA when it invests, with equity checks of roughly $65 million to $175 million or more. Smaller businesses usually fit better as add-ons to an existing BV platform.
Will BV take a minority stake?
Yes. Its investment criteria cover both majority and minority positions, and the firm says it is often the first institutional investor a company has taken on. When it sold control of CallTower in 2026, BV and management also kept a minority stake.
How much capital does BV manage?
BV says it manages more than $7.5 billion. Fund XII closed at its $2.465 billion hard cap in January 2026. The firm dates back to 1983, and its current team and strategy have been in place since a 2012 relaunch.
Sources
- S1BV Investment Partners home page Accessed October 19, 2026
- S2BV Investment Partners: About and Investment Criteria Accessed October 19, 2026
- S3BV Investment Partners: Portfolio Accessed October 19, 2026
- S4BV Investment Partners Announces the Raising of Fund XII at Its Hard Cap (January 6, 2026) Accessed October 19, 2026
- S5BV Investment Partners Announces Sale of CallTower (April 2, 2026) Accessed October 19, 2026
- S6BV Investment Partners Announces Investment in Thomas & Company (August 4, 2026) Accessed October 19, 2026
- S7UFS and BankOnIT Unite as Navanta (PR Newswire, March 30, 2026) Accessed October 19, 2026
- S8BV Investment Partners: News & Resources 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 BV Investment Partners. Figures are as reported on the dates shown and may have changed. Request a correction