Middle market private equity firm
Court Square Capital Partners
- HeadquartersNew York, NY S5
- Founded1979 S4
- Websitecourtsquare.com
- Last verifiedOctober 22, 2026
At a glance
| Assets under management | $10.1B (as of Dec 2025) S5 |
|---|---|
| Latest fund | Court Square Capital Partners Fund V, $3.8B (Apr 2026) S4 |
| Check size | $75M to $350M S2 |
| Deal types | Platform, Add-on S4 |
| Geography | United States S4 |
| Sectors | IT Services & MSP, Healthcare Services, Dental, Industrial & Manufacturing, Construction Services, Distribution, Transportation & Logistics, Software & SaaS |
What Court Square Capital Partners buys
Court Square Capital Partners is a New York private equity firm that has been investing since 1979 and managed about $10.1 billion at the end of 2025. It buys control of established middle market companies in four areas: business services, healthcare, industrials, and technology and telecom. Its stated target is an equity check of $75 million to $350 million in a business valued at $150 million to $1.5 billion, which puts it well above the lower middle market. In April 2026 it closed Fund V at $3.8 billion, its largest fund, for control buyouts in those same sectors.
Court Square buys from founders, families and other private equity owners, and it often leaves sellers with a real stake: AVANT's two co-founders kept significant ownership when the firm invested in December 2025. A smaller company is most likely to meet Court Square as an add-on to one of its platforms. Thrive, its managed IT and security provider, bought five firms in 2025, including Secured Network Services, Baroan Technologies and Worksighted.
Recent deals
Announced in the 24 months before October 22, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Apr 2026 | Court Square Capital Partners Fund VFlagship fund closed at about $3.8 billion against a $3.0 billion target | Fund close | Source | |
| Apr 2026 | CallTowerMajority stake in a Utah cloud communications and contact center provider, bought from BV Investment Partners | Platform | IT Services & MSP | Source |
| Feb 2026 | Kodiak Building PartnersBuilding products distributor sold to QXO for about $2.25 billion | Exit | Distribution | Source |
| Dec 2025 | AVANTGrowth investment in a Chicago technology services distributor alongside Pamlico Capital; the co-founders keep a large stake | Investment | Distribution | Source |
| Nov 2025 | WorksightedMichigan managed IT provider added to Thrive, its fifth purchase of 2025 | Add-on | IT Services & MSP | Source |
| Sep 2025 | VitalCOREManaged technology and IT advisory firm added to Thrive in the Midwest | Add-on | IT Services & MSP | Source |
| Jul 2025 | Baroan TechnologiesNorth Jersey managed IT support provider added to Thrive | Add-on | IT Services & MSP | Source |
| Jul 2025 | AbacodeTampa cybersecurity and compliance provider added to Thrive | Add-on | Cybersecurity | Source |
| Jun 2025 | DCCMMajority stake in a Houston engineering, surveying and construction management firm for public infrastructure, bought from White Wolf Capital | Platform | Construction Services | Source |
| May 2025 | RailProsRail safety, engineering and inspection services firm sold to Littlejohn & Co. | Exit | Construction Services | Source |
| Feb 2025 | Knipper HealthPharmaceutical sample, pharmacy and logistics services company sold to Frazier Healthcare Partners | Exit | Healthcare Services | Source |
| Feb 2025 | Secured Network ServicesNew Hampshire IT provider added to Thrive | Add-on | IT Services & MSP | Source |
| Feb 2025 | Soleo HealthJoint control investment with WindRose Health Investors in a national specialty pharmacy and home infusion provider | Platform | Healthcare Services | Source |
| Jan 2025 | ThriveBerkshire Partners invested in the managed IT and security provider alongside Court Square, which stayed on as an owner | Investment | IT Services & MSP | Source |
| Nov 2024 | PlayCoreSingle-asset continuation fund led by Sage Equity Investors; Court Square stays the control owner of the playground equipment maker | Investment | Industrial & Manufacturing | Source |
| Nov 2024 | Advanced Diabetes Supply GroupAgreement to sell the diabetes supply distributor to Cardinal Health | Exit | Healthcare Services | Source |
Portfolio by sector
From the firm's portfolio page S3.
Business Services
- Connatix
- Data Axle
- Evans Network of Companies
- Health Union
- Power Digital
Healthcare
- Soleo Health
- Suncrest
- Team Select Home Care
- West Coast Dental
Industrials
- DCCM
- Five Star Parks & Attractions
- InfiniteChoice
- Kodiak Interiors
- PlayCore
- Travel Funders Network
Tech & Telecom
- AVANT
- CallTower
- Chauvet Lighting
- GoEngineer
- Momentum Telecom
- Thrive
- uPerform
- Velosio
- Virtium
Past investments: Kodiak Building Partners, RailPros, Knipper Health, Advanced Diabetes Supply
Greymont’s take
How Court Square Capital Partners fits a seller
Court Square suits owners of sizable, growing companies who want a well-funded control partner and are open to keeping a stake. Its recent platforms, such as DCCM with more than 1,100 employees and CallTower with over 5,000 customers, show the scale it looks for, so most founder-owned businesses will meet it through a platform rather than as a new investment. Owners of managed IT or cybersecurity firms are the clearest fit today, since Thrive kept buying through 2025.
The firm puts founder partnerships at the center of its pitch and was named to Inc.'s founder-friendly investor list in 2023, 2024 and 2025. It also invests next to other sponsors, sharing control of Soleo Health with WindRose and owning Thrive with Berkshire Partners. An owner should ask who will hold control after closing and how long the firm expects to own the business, since Court Square used a continuation fund in 2024 to keep PlayCore longer.
Questions owners ask
How big a company does Court Square buy?
Its About page lists a target equity investment of $75 million to $350 million in companies with enterprise values of $150 million to $1.5 billion. Smaller businesses usually fit as add-ons to one of its existing platforms.
Does Court Square buy IT services and managed service providers?
Yes. It has backed Thrive, a managed IT and cybersecurity provider, since a 2021 recapitalization, and Thrive announced five acquisitions in 2025, including Secured Network Services, Abacode, Baroan Technologies, VitalCORE and Worksighted. It also owns Velosio, a Microsoft Dynamics services and managed services firm.
Can a founder keep a stake after selling to Court Square?
Often, yes. When Court Square invested in AVANT in December 2025, the two co-founders kept significant ownership and continued to run strategy and daily operations. At Soleo Health in February 2025, the founding team recapitalized the business with Court Square and WindRose and stayed in charge.
What is Court Square's latest fund?
Court Square Capital Partners Fund V closed in April 2026 with about $3.8 billion of commitments, above its $3.0 billion target. The firm says the fund will make control buyouts in business services, healthcare, industrials and technology, and it had six investments committed at the close.
Sources
- S1Court Square home page Accessed October 22, 2026
- S2Court Square: About (target criteria) Accessed October 22, 2026
- S3Court Square: Portfolio (company pages with Current or Past status) Accessed October 22, 2026
- S4Court Square Capital Partners Closes Fifth Flagship Fund at $3.8 Billion (April 9, 2026) Accessed October 22, 2026
- S5Court Square Capital Partners Announces Acquisition of CallTower (April 2, 2026) Accessed October 22, 2026
- S6AVANT Receives Strategic Investment from Court Square Capital Partners and Pamlico Capital (December 17, 2025) Accessed October 22, 2026
- S7Thrive Acquires Strategic IT Services Company Worksighted (November 11, 2025) Accessed October 22, 2026
- S8Court Square: Media Accessed October 22, 2026
- S9Court Square Capital Partners Named to Inc.'s 2025 List of Founder-Friendly Investors (October 29, 2025) Accessed October 22, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Court Square Capital Partners. Figures are as reported on the dates shown and may have changed. Request a correction