At a glance
| Latest fund | CIVC Partners Fund VII, $870M (Nov 2023) S6 |
|---|---|
| EBITDA range | $5M to $30M S2 |
| Check size | $20M to $100M S2 |
| Deal types | Platform, Add-on, Growth S2 |
| Geography | United States, Canada S2 |
| Sectors | IT Services & MSP, Property Management & HOA, Cybersecurity, Insurance Brokerage, Wealth Management, Accounting & Professional Services, Software & SaaS, Transportation & Logistics, HVAC, Plumbing & Electrical, Construction Services |
What CIVC Partners buys
CIVC Partners is a Chicago private equity firm that invests only in business services companies. Its website dates the firm to 1970 and counts seven funds, about $2 billion of equity invested and more than 200 platform and add-on acquisitions. It looks for companies with $5 million to $30 million of EBITDA in the United States or Canada, puts in $20 million to $100 million of equity at the start, and does recapitalizations, buyouts and growth equity deals. Fund VII, its latest, closed in November 2023 with $870 million.
CIVC picks niches inside business services and grows them through add-ons. Its target list covers IT services and managed services, property management and other facility services such as HVAC and elevator upkeep, insurance brokerage and wealth management, engineering and infrastructure services, legal and other professional services, logistics, and compliance software. Owners below the $5 million EBITDA floor are most likely to meet CIVC as an add-on, for example to Continuum Companies in HOA management, iVision or Datavail in IT services, or Crest Insurance Group in insurance.
Recent deals
Announced in the 24 months before October 20, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Oct 2026 | Graphite Design GroupSeattle architecture and design firm added to Cushing Terrell | Add-on | Accounting & Professional Services | Source |
| Sep 2026 | Cushing TerrellPartnership with the 88-year-old Billings, Montana design and engineering firm; its leadership keeps running operations | Platform | Accounting & Professional Services | Source |
| Aug 2026 | Tegeler & AssociatesFamily-owned Wyoming insurance agency with 14 locations agreed to join Crest Insurance Group | Add-on | Insurance Brokerage | Source |
| Jul 2026 | Seneca House AdvisorsRichmond, Virginia wealth manager added to Cary Street Partners | Add-on | Wealth Management | Source |
| Jun 2026 | Carr EngineeringVehicle crash reconstruction firm added to YA Group | Add-on | Accounting & Professional Services | Source |
| Jun 2026 | EnsogoAI sustainability software added to Novara | Add-on | Software & SaaS | Source |
| Jun 2026 | Nationwide LegalLitigation support provider, done with its founder and CEO and the existing management team | Platform | Accounting & Professional Services | Source |
| Mar 2026 | Graviton Consulting ServicesSacramento public sector Oracle Cloud and ERP consultancy added to Highstreet IT Solutions | Add-on | IT Services & MSP | Source |
| Jan 2026 | 829 StudiosDigital marketing firm sold to AEA Elevate, with the founder and team reinvesting | Exit | Source | |
| Jan 2026 | InQuis GlobalExpert witness and litigation consulting firm added to YA Group | Add-on | Accounting & Professional Services | Source |
| Dec 2025 | J.M. Reagan ConsultingHouston property damage and construction claims consultancy added to YA Group | Add-on | Accounting & Professional Services | Source |
| Dec 2025 | Coreservice Insurance BrokersToronto-area brokerage added to StoneRidge Insurance Brokers | Add-on | Insurance Brokerage | Source |
| Aug 2025 | BeyondIDManaged identity security provider added to KeyData Cyber | Add-on | Cybersecurity | Source |
| Jun 2025 | Elite Interactive SolutionsLos Angeles remote video guarding and crime prevention company, bought after a sale process | Platform | Source | |
| May 2025 | Infrastructure Solution ServicesFlorida civil and water engineering firm added to HR Green | Add-on | Accounting & Professional Services | Source |
| Apr 2025 | Jim Kelly Insurance BrokersFamily-run Ontario brokerage added to StoneRidge Insurance Brokers | Add-on | Insurance Brokerage | Source |
| Apr 2025 | Cary Street PartnersRecapitalization of the Richmond independent wealth manager; insiders reinvest most of their ownership | Platform | Wealth Management | Source |
| Apr 2025 | Encore GroupConstruction scheduling and delay analysis firm added to YA Group | Add-on | Accounting & Professional Services | Source |
| Mar 2025 | Source Inc.Wireless networking and IoT provider added to Industrial Networking Solutions | Add-on | IT Services & MSP | Source |
| Mar 2025 | Twelve HOA management companiesContinuum Companies reported twelve property management acquisitions in 2024, mostly in the Northeast and New England | Add-on | Property Management & HOA | Source |
| Jan 2025 | StrategusConnected TV advertising managed services provider, backed alongside its co-founders and CEO | Platform | Source | |
| Dec 2024 | Adjacent SolutionsDallas Oracle consultancy added to Datavail | Add-on | IT Services & MSP | Source |
Portfolio by sector
From the firm's portfolio page S4.
Commercial Facility Services
- American Refrigeration USA Current
- Elite Interactive Solutions Current
- Renu Current
Compliance & Risk Management
- KPA Current
- Novara Current
Digital Marketing Services
- Strategus Current
Insurance & Wealth Management
- Cary Street Partners Current
- Crest Insurance Group Current
- Signers National Current
- StoneRidge Insurance Brokers Current
- YA Group Current
IT Services
- Allata Current
- Datavail Current
- Highstreet Current
- Industrial Networking Solutions Current
- iVision Current
- KeyData Cyber Current
Professional Services
- InnovateMR Current
- Nationwide Legal Current
Residential Services
- Continuum Companies Current
Transportation & Logistics
- OTR Transportation Current
Utility & Infrastructure Services
- Cushing Terrell Current
- HR Green Current
Past investments: 829 Studios
Greymont’s take
How CIVC Partners fits a seller
CIVC fits owners of service businesses with at least $5 million of EBITDA who want a partner that knows their niche and will pay for acquisitions. Its recent platform deals kept founders and leaders in place: Nationwide Legal's founder and CEO stayed on in June 2026, and Cushing Terrell's leadership kept running the firm after the September 2026 partnership. Smaller owners in IT services, HOA management, insurance brokerage or forensic engineering are more likely to sell to a CIVC platform as an add-on; Continuum alone bought twelve property management companies in 2024.
An owner should ask which fund would make the investment and how much of it is still uncommitted, since Fund VII closed in late 2023. It is also worth asking how much equity the owner is expected to roll over and how CIVC has handled exits, as in the January 2026 sale of 829 Studios, where the founder reinvested.
Questions owners ask
Does CIVC buy property management or HOA management companies?
Yes. Its portfolio company Continuum Companies is a platform for HOA and condominium management, and in March 2025 it said it had bought twelve property management companies during 2024, mostly in the Northeast and New England.
What size company does CIVC look for?
Its stated criteria are $5 million to $30 million of EBITDA and an initial equity investment of $20 million to $100 million, for companies based in the United States or Canada. Smaller businesses usually fit as add-ons to its existing platforms.
Does CIVC invest in IT services and managed service providers?
Yes. IT services is one of its named target sectors, and current holdings include iVision, Datavail, Highstreet, Allata and Industrial Networking Solutions, plus the identity security firm KeyData Cyber. Several have made add-on acquisitions since late 2024.
Does the founder stay involved after CIVC invests?
In its recent deals, yes. CIVC invested in Nationwide Legal in partnership with its founder and CEO, backed Strategus alongside its co-founders and CEO, and says Cushing Terrell's leadership continues to run operations after the 2026 deal.
Sources
- S1CIVC Partners home page Accessed October 20, 2026
- S2CIVC: Our Focus and Investment Criteria Accessed October 20, 2026
- S3CIVC: Our Approach Accessed October 20, 2026
- S4CIVC: Our Companies Accessed October 20, 2026
- S5CIVC: News Accessed October 20, 2026
- S6CIVC Partners Closes on $870 Million for Fund VII (November 1, 2023) Accessed October 20, 2026
- S7Continuum Companies Expands Its Geographic Footprint with Twelve Acquisitions in 2024 (March 5, 2025) Accessed October 20, 2026
- S8CIVC Partners Announces Investment in Nationwide Legal (June 1, 2026) Accessed October 20, 2026
- S9CIVC Partners Forms Partnership with Cushing Terrell (September 1, 2026) Accessed October 20, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with CIVC Partners. Figures are as reported on the dates shown and may have changed. Request a correction