Lower middle market private equity firm

Caymus Equity

At a glance

EBITDA range$2M to $12M S1
Revenue range$10M to $100M S1
Deal typesPlatform, Add-on S3
GeographyUnited States S1
SectorsEnvironmental & Waste, Construction Services, Distribution

What Caymus Equity buys

Caymus Equity is an Atlanta private equity firm, founded in 2001, that makes majority investments in founder- and family-owned business-to-business service companies across the United States. It looks for asset-light companies with blue-collar or white-collar workforces, $10 million to $100 million of revenue and $2 million to $12 million of EBITDA. Its areas of interest include specialty trade and facility services, traffic control and infrastructure safety, testing and inspection, specialty staffing and consulting, IT services and value-added distribution. It invests from Caymus Equity Partners Fund II, its first committed fund, and has made 16 platform investments in all.

Caymus grows each company through add-ons and lets acquired businesses keep their names and local teams. In 2026 its companies bought two traffic control firms for Moeris, two lighting and shading businesses for Valley Lighting and a dental lab for Catalis. A smaller company in one of those lines, or in asbestos and mold remediation, where Caymus owns Forthright Environmental, is most likely to meet the firm as an add-on.

Recent deals

Announced in the 24 months before October 26, 2026.

DateCompanyTypeSectorSource
September 2026Weltmann LightingNew York area lighting and controls distributor joined Valley Lighting; its co-founders keep running itAdd-onDistributionSource
July 2026Midwest Dental ArtsPalm Bay, Florida specialist dental lab added to Catalis Dental Lab Partners, its sixth add-on under CaymusAdd-onSource
June 2026Stay Safe Traffic ControlNorth Carolina work zone traffic control provider added to MoerisAdd-onConstruction ServicesSource
March 2026Commonwealth Blinds & ShadesCommercial shading provider in Maryland, Virginia and North Carolina added to Valley LightingAdd-onDistributionSource
February 2026Richmond Traffic ControlVirginia work zone safety and traffic control company added to Moeris (formerly Barricade Holdings)Add-onConstruction ServicesSource
May 2025Valley LightingMaryland commercial lighting and shading provider; the CEO and EVP keep significant stakes. Fourth Fund II dealPlatformDistributionSource
May 2025Revolution Dental LabSandy, Utah dental lab added to Catalis, alongside a new East Coast design center in JacksonvilleAdd-onSource
Feb 2025PureREDCreative and marketing services company sold to Inspired Thinking Group of Birmingham, UK, after a 2011 investmentExitSource
February 2025JB Dental Lab and Avaneer Dental StudioTwo dental labs in Arizona, Michigan and Florida added to Pan-Am Dental, now Catalis; closed December 20, 2024Add-onSource
2025Overland Ruff RaxAdded to Overland Vehicle Systems, an off-road and overlanding gear supplierAdd-onSource

Portfolio by sector

From the firm's portfolio page S2.

Construction Services

  • Moeris

Distribution

  • Valley Lighting

Environmental & Waste

  • Forthright Environmental

Other

  • Catalis Dental Lab Partners
  • Overland Vehicle Systems
  • PlanIT Group
  • Seneca Resources

Past investments: PureRED, TriplePoint, Excel Physical Therapy, Phoenix Aromas & Essential Oils, Alpha Imaging, Hospitality Staffing Solutions, FST Technical Services, Med-Labs, Direct Marketing Solutions

Greymont’s take

How Caymus Equity fits a seller

Caymus suits founders who want to sell a majority stake but keep a real share and stay in charge. At Valley Lighting, the CEO and executive vice president kept significant ownership and continued to lead the company, and Caymus was named to Inc.'s 2024 list of founder-friendly investors. It tends to hold for a long time and keep buying: it owned PureRED for about 14 years and TriplePoint for about six, and says TriplePoint grew from a $25 million single-location contractor to more than $500 million of revenue.

Owners of remediation and abatement businesses should know that Caymus has not announced a new environmental deal since the Lakeshore Environmental Contractors add-on in February 2024, so they should ask whether Forthright is still buying. Any seller should ask how much of Fund II is left to invest and where their company would fit in the firm's holding period.

Questions owners ask

Does Caymus Equity invest in environmental services?

Yes. In November 2023 it bought Quality Environmental Services, a Michigan asbestos, lead and mold remediation company, which added Lakeshore Environmental Contractors in February 2024. The two now operate under the Forthright Environmental name, which Caymus lists as an active holding.

What size company does Caymus look for?

Its stated criteria are $10 million to $100 million of revenue and $2 million to $12 million of EBITDA, in asset-light business-to-business service companies located anywhere in the United States.

Does the founder keep a stake after Caymus invests?

Often. Caymus makes majority investments, and in the May 2025 Valley Lighting deal the CEO and executive vice president kept significant ownership stakes and continued to lead the company.

Do companies acquired by Caymus platforms keep their names?

In its recent add-ons, yes. Richmond Traffic Control, Stay Safe Traffic Control, Commonwealth Blinds & Shades and Midwest Dental Arts all kept their names and teams after joining Caymus platforms.

Sources

  1. S1Caymus Equity home page Accessed October 26, 2026
  2. S2Caymus Equity: Partnerships and portfolio Accessed October 26, 2026
  3. S3Caymus Equity: News Accessed October 26, 2026
  4. S4Caymus Equity portfolio page: Forthright Environmental Accessed October 26, 2026
  5. S5Caymus Equity Acquires Quality Environmental Services, Third Fund II Investment (November 2023) Accessed October 26, 2026
  6. S6Quality Environmental Services Joins Forces with Lakeshore Environmental Contractors (February 2024) Accessed October 26, 2026
  7. S7Forthright Environmental: Services and operating companies Accessed October 26, 2026
  8. S8Caymus Equity Acquires Valley Lighting (May 2025) Accessed October 26, 2026
  9. S9Caymus Equity Announces Sale of PureRed to Inspired Thinking Group (February 2025) Accessed October 26, 2026
  10. S10Caymus Equity Named to Inc.'s 2024 List of Founder-Friendly Investors (November 2024) Accessed October 26, 2026
  11. S11Caymus Equity portfolio page: TriplePoint Accessed October 26, 2026
  12. S12Barricade Holdings Rebrands as Moeris (February 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 Caymus Equity. Figures are as reported on the dates shown and may have changed. Request a correction

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