Operator-led investment firm with a private equity strategy

Circumference Group

At a glance

EBITDA range$2M to $20M S2
Deal typesPlatform, Minority, Growth S2
SectorsIT Services & MSP

What Circumference Group buys

Circumference Group is a Little Rock, Arkansas investment firm started in 2009 by Jeff Fox, a former chief executive of Convergys and Endurance International and operating chief of Alltel Wireless. Its private equity team buys into technology and telecom service businesses: tech-enabled services, marketing technology, web presence, fintech and payments, telecom infrastructure and services, and outsourced business services. Its four private equity holdings are two technology consultancies and two Arkansas broadband providers.

On its own, the firm invests in companies with $2 million to $20 million of EBITDA and will take either a majority or a minority stake. For larger companies, with $10 million to $100 million of EBITDA, it teams up with family offices and other private equity firms, as it did with The Pritzker Organization and Stephens Capital Partners on Visionary Integration Professionals. The site names no private equity fund, so it appears to invest deal by deal. The firm also runs a public stock fund and a seed-stage venture arm, which are separate from this strategy.

Recent deals

Announced in the 24 months before November 11, 2026.

DateCompanyTypeSectorSource
Feb 2026Broadband Development GroupMajority stake in a Little Rock provider of fiber broadband and managed Wi-Fi for apartment and student housing communitiesPlatformSource
Dec 2024The Computer Works (TCW)Growth capital round for the Arkansas fiber internet provider, led by The Stephens Group with Circumference Group, which first invested in July 2022GrowthSource

Portfolio by sector

From the firm's portfolio page S3.

Private equity: majority stake (February 2026)

  • Broadband Development Group

Private equity: majority stake bought July 2022; The Stephens Group led new growth capital in December 2024

  • The Computer Works (TCW)

Private equity: majority stake with The Pritzker Organization and Stephens Capital Partners (October 2024)

  • Visionary Integration Professionals

Private equity: stake size not stated (June 2024)

  • Fast Slow Motion

Greymont’s take

How Circumference Group fits a seller

Circumference suits the owner of a technology services, IT consulting or telecom business who wants an investor that has run large operating companies, and who may not want to sell everything. The firm says it will do majority or minority deals, avoids loading companies with heavy debt, and does not manage to quarterly results. Founders have stayed in charge after its deals: the founder of Visionary Integration Professionals remained chief executive when Circumference bought a majority in October 2024.

It is a small team that does about one deal a year, and it often shares deals with family offices. An owner should ask where the money for this deal comes from, since no fund is named, and which partners would sit alongside Circumference on the board. It is also worth asking how long it expects to stay, given that it calls its capital patient.

Questions owners ask

Does Circumference Group buy IT services companies?

Yes. In October 2024 it bought a majority of Visionary Integration Professionals, a consultancy that modernizes systems for state and local governments, and in June 2024 it invested in Fast Slow Motion, a Salesforce and HubSpot consultancy.

Does Circumference Group take minority stakes?

It says it does both. Its private equity page describes customized minority or majority deals with owner-operators. The three deals where it stated its share, The Computer Works, Visionary Integration Professionals and Broadband Development Group, were all majority stakes.

What size of company does Circumference Group invest in?

Companies with $2 million to $20 million of EBITDA when it invests on its own, and $10 million to $100 million of EBITDA when it brings in family offices or other private equity firms. It says it will go smaller or larger in the right situation.

Sources

  1. S1Circumference Group home page Accessed November 11, 2026
  2. S2Circumference Group: Private Equity strategy Accessed November 11, 2026
  3. S3Circumference Group: Our Portfolio Accessed November 11, 2026
  4. S4Circumference Group Acquires Majority Stake in Broadband Development Group (February 5, 2026) Accessed November 11, 2026
  5. S5The Computer Works Secures Growth Capital to Expand Fiber Connectivity (December 11, 2024) Accessed November 11, 2026
  6. S6Circumference Group Acquires Majority Stake in Visionary Integration Professionals (October 9, 2024) Accessed November 11, 2026
  7. S7Circumference Group Completes Investment in Fast Slow Motion (June 25, 2024) Accessed November 11, 2026
  8. S8Circumference Group Acquires Majority Stake in The Computer Works (July 12, 2022) Accessed November 11, 2026
  9. S9Circumference Group: News Accessed November 11, 2026
  10. S10Circumference Group: Early Stage, CG Ventures Accessed November 11, 2026

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

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