Carr's Hill Partners: Buy Box & Recent Acquisitions

At a glance

Assets under management	$595M (as of June 2026) S2
Latest fund	Carr's Hill Fund I, LP, $210M (Mar 2025) S5
EBITDA range	$3M to $20M S3
Revenue range	$10M+ S3
Check size	$15M to $60M S3
Deal types	Platform, Add-on S3
Geography	Gulf Coast and greater Southern US (main focus), North America S3
Sectors	Environmental & Waste, Construction Services, Transportation & Logistics, Industrial & Manufacturing

What Carr's Hill Partners buys

Carr's Hill Partners is a New Orleans private equity firm, founded in 2019, that buys family and founder-owned industrial and infrastructure services companies, mainly on the Gulf Coast and across the South. Its target is a company with more than $10 million of revenue and $3 million to $20 million of EBITDA, and it puts in $15 million to $60 million or more of equity. It wants majority control or a clear path to it, and it prefers to be the first outside investor. Focus areas include waste and environmental services, marine and rail services, niche manufacturing, safety and compliance, testing and inspection, logistics and utility services.

The firm started as an independent sponsor and closed its first fund at $210 million in March 2025. It reported $595 million of assets under management, eight platform investments and 19 add-ons as of June 2026. Current holdings include Arrow Waste, an Atlanta waste hauler, and SMART Safety, which has made four add-ons since April 2025. A smaller company could meet Carr's Hill as an add-on or as a first-time platform.

Recent deals

Announced in the 24 months before October 26, 2026.

Date	Company	Type	Sector	Source
Jun 2026	AMC Safety and Safe Construction ConsultingNashville safety program firm and a Texas construction safety consultant added to SMART Safety Gulf Coast	Add-on		Source
Jun 2026	OMNI (Opti-Com Manufacturing Network and Sunbelt Innovative Plastics)Louisiana maker of underground conduit systems and the third Fund I investment; a new CEO joined at closing	Platform	Industrial & Manufacturing	Source
Jul 2025	Freedom IntermodalMajority recapitalization of a New Orleans ISO tank, rail and transloading company; first Fund I investment, with the president staying on	Platform	Transportation & Logistics	Source
Apr 2025	Safety Consulting & Training and Trinity Safety ManagementFlorida and Georgia safety firms added to SMART Safety; both founders joined the platform full time	Add-on		Source
Mar 2025	Carr's Hill Fund I$210 million debut fund, above its $175 million target	Fund close		Source
2025	Vision Industrial ServicesDeQuincy, Louisiana railroad maintenance contractor focused on tie replacement and track repair	Platform	Construction Services	Source

Portfolio by sector

From the firm's portfolio page S4.

Bulk Liquids Logistics

Freedom Intermodal

Data & Communications

OMNI

Industrial Services

AXIS Industries

Marine Infrastructure Services

Matthews Brothers Dredging

Rail Services

Vision Industrial Services

Safety & Compliance Services

SMART Safety Group

Waste Services

Arrow Waste

Past investments: Undisclosed marine fuel services company

Greymont’s take

How Carr's Hill Partners fits a seller

Carr's Hill fits owners of Gulf Coast and Southern service businesses, such as waste hauling, dredging, rail maintenance, safety compliance or industrial services, who want a nearby buyer that can work with them in person. The firm tells owners they can keep running the company or have it bring in new management, and its deals show both. Freedom Intermodal's president stayed on to lead the company, while OMNI hired a new CEO at closing and kept its long-time operations and sales leaders. Founders of add-ons have also joined the platform, as at SMART Safety in 2025.

As a first outside investor, Carr's Hill typically adds board members with industry experience, sets up management incentive plans and invests in financial and IT systems. Owners should ask whether the deal would come from Fund I or a later fund, how much of the company Carr's Hill wants to own, and what add-ons it has in mind.

Questions owners ask

Does Carr's Hill buy waste hauling companies?

Yes. Environmental and waste services is one of its focus areas, and since 2022 it has owned Arrow Waste, an Atlanta waste hauling business that runs more than 35 roll-off routes.

What size company does Carr's Hill look for?

Its strategy page targets companies with more than $10 million of revenue and $3 million to $20 million of EBITDA, with $15 million to $60 million or more of equity. Its Fund I announcement described a typical range of $5 million to $15 million of EBITDA.

Does Carr's Hill invest outside the Gulf Coast?

It invests across North America, but its main focus is companies on the Gulf Coast or in the greater Southern U.S. Its current holdings are based in Louisiana, Texas, Mississippi and Georgia.

Can the owner keep running the business after Carr's Hill invests?

Yes, that is one option the firm offers, and it also says it can bring in new management instead. At Freedom Intermodal in 2025, the president stayed on to lead the company after the recapitalization.

Sources

S1Carr's Hill Partners home page Accessed October 26, 2026
S2Carr's Hill Partners: Our Story (firm stats as of June 2026) Accessed October 26, 2026
S3Carr's Hill Partners: Strategy and Investment Criteria Accessed October 26, 2026
S4Carr's Hill Partners: Our Investments Accessed October 26, 2026
S5Carr's Hill Partners Raises $210 Million for Oversubscribed Debut Fund (March 18, 2025) Accessed October 26, 2026
S6Carr's Hill Partners: News & Insights Accessed October 26, 2026
S7Carr's Hill Partners: Arrow Waste Accessed October 26, 2026
S8Carr's Hill Acquires Opti-Com Manufacturing Network and Sunbelt Innovative Plastics (June 8, 2026) Accessed October 26, 2026

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