Crest Rock Partners: Buy Box & Recent Acquisitions

At a glance

Check size	$25M to $75M S2
Deal types	Platform, Add-on, Growth S2
Geography	North America S5
Sectors	Software & SaaS, IT Services & MSP, Construction Services, Industrial & Manufacturing, Distribution

What Crest Rock Partners buys

Crest Rock Partners is a Denver private equity firm, started in 2019, that takes control-oriented stakes in lower middle market companies in three areas: software and technology, IT and business services, and industrial and manufacturing. In practice the industrial side includes infrastructure service contractors as well as makers and specialty metals suppliers. Its criteria page lists equity checks of $25 million to $75 million, with room to stretch to $100 million, and its July 2026 fact sheet targets companies valued at $20 million to $200 million that are based in North America. A company does not have to be profitable, and the firm keeps debt light.

Crest Rock does management buyouts, recapitalizations, corporate carve-outs, growth investments and deals for businesses in transition. Its partners come from operating roles, and after closing they work with management on a detailed operating plan. A smaller company is most likely to meet Crest Rock as an add-on to a platform such as Opti9 in managed cloud services or Lumin8 in traffic signal services, both of which have bought several companies.

Recent deals

Announced in the 24 months before October 27, 2026.

Date	Company	Type	Sector	Source
Jun 2026	Andrew Site WorkGrowth investment in a Fort Myers, Florida water, sewer and underground utility contractor founded in 2008, to add new areas and utility services	Growth	Construction Services	Source
Mar 2026	NexForm Technologies (formerly Motus Fiber)Carve-out and recapitalization of the fiber unit of Motus Integrated Technologies, now a standalone maker of automotive heat and noise control parts	Platform	Industrial & Manufacturing	Source
Nov 2025	AptibleCompliance-focused platform-as-a-service provider added to managed cloud services company Opti9	Add-on	IT Services & MSP	Source
May 2025	Productive Programming Inc. (PPi)Growth investment in a Verona, Wisconsin care management software and benefits administration provider; the founder and executives invested alongside	Growth	Software & SaaS	Source

Portfolio by sector

From the firm's portfolio page S3.

Industrial & Manufacturing

Andrew Site Work
Lumin8 Transportation Technologies
Midalloy
NexForm Technologies
Specialty Materials

IT & Business Services

Opti9
Relocity

Software & Technology

CloudNine
Pitcher
Productive Programming Inc. (PPi)
Unbounce

Greymont’s take

How Crest Rock Partners fits a seller

Crest Rock suits owners of software, managed IT or cloud services, specialty metals distribution or infrastructure services businesses who want a buyer that will take control but still fund a growth plan. Several of its deals kept founders invested: the founders and executive teams of PPi and Relocity put money in alongside Crest Rock, and the founder of Andrew Site Work said he picked the firm because it shared his commitment to his community and his employees. The firm also has a long record of buying divisions from larger companies, including the 2026 NexForm carve-out.

Because its smallest stated equity check is $25 million, a smaller business is more likely to join an existing platform such as Opti9 or Lumin8 than to become a new one. Owners should ask how much of the company Crest Rock wants to own, what role the founder keeps after closing, and how the firm's operating plan will change day-to-day decisions.

Questions owners ask

What size companies does Crest Rock Partners invest in?

Its criteria page lists equity investments of $25 million to $75 million, and up to $100 million for the right deal. Its July 2026 fact sheet puts target company values at $20 million to $200 million, and it says profitability is not required.

Does Crest Rock buy IT services or managed cloud companies?

Yes. IT and business services is one of its three target industries. It created Opti9, a managed hybrid cloud provider, by merging its holdings Webair and Jelecos in 2022, and Opti9 has since added HostedBizz and, in November 2025, Aptible.

Do founders stay invested after a Crest Rock deal?

Often. In its PPi and Relocity growth investments the founders and executive teams invested alongside the firm, and the founder of Andrew Site Work described the June 2026 deal as a partnership for the company's next stage of growth.

Does Crest Rock buy construction or infrastructure services businesses?

Yes, through its industrial group. Lumin8 Transportation Technologies, its traffic signal and transportation systems services platform, bought Lightspeed, Bean Electrical, Watson Electrical's signal division and Rommel Infrastructure from 2023 to 2024, and in 2026 the firm backed Florida utility contractor Andrew Site Work.

Sources

S1Crest Rock Partners home page Accessed October 27, 2026
S2Crest Rock Partners: Investment Focus Accessed October 27, 2026
S3Crest Rock Partners: Portfolio Accessed October 27, 2026
S4Crest Rock Partners: News Accessed October 27, 2026
S5Crest Rock Partners fact sheet (July 2026) Accessed October 27, 2026
S6Crest Rock Partners Announces Strategic Investment in Andrew Site Work (June 30, 2026) Accessed October 27, 2026
S7Crest Rock Partners Announces Recapitalization of Motus Fiber and Launches NexForm Technologies (March 11, 2026) Accessed October 27, 2026
S8Crest Rock Partners Announces Opti9's Acquisition of Aptible (November 17, 2025) Accessed October 27, 2026
S9Crest Rock Partners Announces Strategic Growth Investment in Productive Programming Inc. (May 13, 2025) Accessed October 27, 2026
S10Crest Rock Partners portfolio page: Opti9 Accessed October 27, 2026

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