Crescent Peak: Buy Box & Recent Acquisitions

At a glance

Revenue range	$10M+ S2
Deal types	Platform, Add-on, Growth S2
Sectors	Construction Services, Cybersecurity

What Crescent Peak buys

Crescent Peak is a Charlotte, North Carolina investment group that calls itself a multi-family office and holding company run by operators and advisors. It buys into family-owned companies that have lasted for decades, with $10 million to more than $100 million of revenue, steady profits and leaders who plan to stay. It offers majority recapitalizations, management buyouts and growth capital, and says it holds companies for the long run rather than buying to resell. Its target areas are manufacturing and industrial services, construction services, business and government services, aerospace and defense, construction technology and cybersecurity.

In practice most of its companies are infrastructure contractors. It owns two civil construction platforms it calls Project Hammer (Mid-Atlantic, May 2026) and Project RAM (Southwest, with Acacia Partners). With FVLCRUM Funds, which holds control, it backs Peak Underground, a Southeast underground utility group built from Federal EC, Cinch Underground and Utility Asset Management. It also holds MAD20, a cybersecurity training company. A smaller pipe, utility or paving contractor could meet Crescent Peak as an add-on to one of these groups.

Recent deals

Announced in the 24 months before October 29, 2026.

Date	Company	Type	Sector	Source
Jul 2026	Utility Asset ManagementPerry, Georgia contractor that inspects, repairs and relines stormwater, wastewater and culvert systems, added to Peak Underground; the founder stays with the business	Add-on	Construction Services	Source
Jun 2026	Cinch UndergroundChipley, Florida directional drilling and underground utility contractor added to Peak Underground, the platform owned with FVLCRUM Funds; closed May 4, 2026	Add-on	Construction Services	Source
May 2026	Project HammerMid-Atlantic civil construction and design-build firm with more than 50 years of history serving DOT, municipal and commercial clients; real name not disclosed	Platform	Construction Services	Source
Oct 2025	Federal ECWoodstock, Georgia trenchless pipe and storm drain rehabilitation firm bought with FVLCRUM Funds, later the base of Peak Underground; closed September 24, 2025	Investment	Construction Services	Source
Mar 2025	Project RAMSouthwest civil infrastructure and paving contractor bought in partnership with Acacia Partners; real name not disclosed	Platform	Construction Services	Source

Portfolio by sector

From the firm's portfolio page S3.

Civil Infrastructure and Paving

Project RAM

Civil Infrastructure Services

Project Hammer

Cybersecurity Training

MAD20

Infrastructure Services (Peak Underground)

Federal EC
Utility Asset Management
Cinch Underground

Past investments: IRIS Solutions

Greymont’s take

How Crescent Peak fits a seller

Crescent Peak is a natural fit for owners of family-run civil, paving, pipe rehabilitation or underground utility contractors in the Southeast, Mid-Atlantic or Southwest. It says it does not buy companies in order to sell them, and in the July 2026 Utility Asset Management deal the founder stayed on to keep customer relationships and daily operations steady. Its advisory bench includes a surety executive, which can help contractors that depend on bonding capacity.

Owners should ask who will actually control the company after closing. In the Peak Underground deals FVLCRUM Funds holds the controlling interest, and HCAP Partners also put money into Federal EC in November 2025, so a seller there joins a group with several investors and their own timelines. It is worth asking how Crescent Peak's long-hold approach lines up with partners that invest from funds.

Questions owners ask

What size companies does Crescent Peak invest in?

Its criteria call for family-owned businesses with $10 million to more than $100 million of annual revenue, steady profits and strong cash flow. It does not publish an EBITDA range or a check size.

Does Crescent Peak plan to resell the companies it buys?

It says it buys businesses to grow and keep them, and its portfolio page describes a long-hold approach built around existing management. Its one disclosed exit, IRIS Solutions, was sold to Anatomy IT in May 2023.

What has Crescent Peak bought recently?

In May 2026 it closed a platform investment in Project Hammer, a Mid-Atlantic civil construction firm. Its Peak Underground platform with FVLCRUM Funds added Cinch Underground in May 2026 and Utility Asset Management in July 2026.

Is Crescent Peak a family office or a private equity firm?

It calls itself a multi-family office of operators and advisors, and its site describes a privately owned holding company that manages its own and affiliated businesses. It does not describe a committed fund.

Sources

S1Crescent Peak home page Accessed October 29, 2026
S2Crescent Peak: Investment Criteria Accessed October 29, 2026
S3Crescent Peak: Portfolio Accessed October 29, 2026
S4Crescent Peak: Our Team and advisory board Accessed October 29, 2026
S5Crescent Peak: Press Accessed October 29, 2026
S6Peak Underground Announces Investment in Utility Asset Management (July 8, 2026) Accessed October 29, 2026
S7Generational Group Advises Cinch Underground in its Sale to Peak Underground (June 8, 2026) Accessed October 29, 2026
S8Crescent Peak Announces Platform Investment in Project Hammer (May 6, 2026) Accessed October 29, 2026
S9Generational Group: Federal EC LLC Acquired by Crescent Peak and FVLCRUM Funds (posted October 10, 2025) Accessed October 29, 2026
S10HCAP Partners Announces Investment in Federal EC (PR Newswire, November 4, 2025) Accessed October 29, 2026
S11Crescent Peak Announces Platform Investment in Project RAM (dated March 5, 2025 on the firm's site) Accessed October 29, 2026

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