Lower middle market private equity firm
Caltius Equity Partners
- HeadquartersLos Angeles, CA S1
- Founded1999 S6
- Websitecaltius.com
- Last verifiedNovember 4, 2026
At a glance
| Latest fund | Caltius Equity Partners Fund V, $230M (Jul 2026) S7 |
|---|---|
| EBITDA range | $2M to $12M S2 |
| Revenue range | $15M+ S6 |
| Check size | $15M to $30M S2 |
| Deal types | Platform, Add-on, Minority, Growth S3 |
| Sectors | IT Services & MSP, Industrial & Manufacturing |
What Caltius Equity Partners buys
Caltius Equity Partners is the private equity arm of Los Angeles based Caltius Capital Management. Since 1999 it has acquired more than $1 billion of enterprise value across 30-plus deals, working with founders and managers of lower middle market service companies. It puts in $15 million to $30 million of equity for control or a substantial minority stake, and it targets companies with $2 million to $12 million of EBITDA and at least $15 million of revenue. Buyouts, growth capital, recapitalizations and corporate carve-outs all fit.
In July 2026 it closed Fund V with more than $230 million to invest, aimed at facility services, tech-enabled services and outsourced business services. It likes fragmented markets with recurring revenue, where it can build through add-ons. APHIX in commercial landscaping and Communitas in HOA management both followed that plan before being sold. Its newest holdings are technology consultancies SCG and Lydonia Technologies. A smaller company is most likely to meet Caltius as an add-on to a platform.
Recent deals
Announced in the 24 months before November 4, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Jul 2026 | Caltius Equity Partners Fund VClosed with more than $230 million of investable capital | Fund close | Source | |
| May 2026 | SCG (SaaS Consulting Group)Austin technology consultancy for Salesforce and NetSuite implementations and managed services | Platform | IT Services & MSP | Source |
| Mar 2026 | CommunitasHOA management and restoration platform sold to PHM Group | Exit | Property Management & HOA | Source |
| Aug 2025 | APHIXCommercial landscaping platform sold to a private equity firm after six add-ons | Exit | Source |
Portfolio by sector
From the firm's portfolio page S4.
Industrial & Manufacturing
- OC Orthodontics
- Polytex Environmental Inks
Tech-Enabled Services
- SCG (SaaS Consulting Group)
- Lydonia Technologies
Greymont’s take
How Caltius Equity Partners fits a seller
Caltius suits a founder of a service business with recurring revenue who wants some cash now and a second payoff later. The firm pitches immediate diversification plus a continuing stake in the growth, and it has often been the first institutional investor, as it was at APHIX and Communitas.
Recent holds have run about three years: APHIX from October 2022 to mid-2025 and Communitas from October 2023 to March 2026, each built through acquisitions and then sold to a new owner. So expect a busy, acquisition-heavy plan with a sale on the horizon. Not every hold is short, since it still lists Polytex (2014) and OC Orthodontics (2015) as current. An owner should ask how long the firm expects to hold, what role the founder keeps, and how much equity to roll over.
Questions owners ask
Does Caltius Equity Partners buy IT services companies?
Yes. Tech-enabled services is one of its target areas. Its current holdings include SCG, a Salesforce and NetSuite consulting and managed services firm, and Lydonia Technologies, an automation consulting and managed services provider.
How big does a company need to be for Caltius?
It targets $2 million to $12 million of EBITDA and at least $15 million of revenue, and it looks to invest $15 million to $30 million of equity in each company.
Will Caltius take a minority stake?
Yes. Its criteria cover a controlling or substantial minority position, and it does growth capital and recapitalizations as well as full buyouts and corporate divestitures.
Does Caltius still own Communitas or APHIX?
No. It sold Communitas, its HOA management platform, to PHM Group in March 2026, and it completed the sale of APHIX, its commercial landscaping platform, in 2025. Its site marks both as realized.
Sources
- S1Caltius Capital Management home page Accessed November 4, 2026
- S2Caltius Equity Partners overview Accessed November 4, 2026
- S3Caltius Equity Partners: Investment Criteria Accessed November 4, 2026
- S4Caltius Equity Partners: Portfolio Accessed November 4, 2026
- S5Caltius Equity Partners: News Accessed November 4, 2026
- S6Caltius Equity Partners firm overview PDF (July 2026) Accessed November 4, 2026
- S7Caltius Equity Closes Its Fifth Fund at $230M (July 8, 2026) Accessed November 4, 2026
- S8Caltius Equity Partners Announces Sale of Communitas (March 31, 2026) Accessed November 4, 2026
- S9Caltius Equity Partners Announces Sale of Aphix (August 2025) Accessed November 4, 2026
- S10Caltius Equity Partners Invests in Lydonia Technologies (February 15, 2024) Accessed November 4, 2026
- S11Caltius Equity Partners Invests in Standpoint (October 30, 2023) Accessed November 4, 2026
- S12Caltius Equity Partners portfolio: SCG Accessed November 4, 2026
- S13Caltius Equity Partners portfolio: Lydonia Technologies Accessed November 4, 2026
- S14Caltius Equity Partners portfolio: Communitas Accessed November 4, 2026
- S15Caltius Equity Partners portfolio: APHIX Accessed November 4, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Caltius Equity Partners. Figures are as reported on the dates shown and may have changed. Request a correction