Crux Capital: Buy Box & Recent Acquisitions

At a glance

Latest fund	Crux Capital Fund I, L.P., $342M (Sep 2025) S10
EBITDA range	$1M to $15M S3
Revenue range	$5M to $100M S3
Deal types	Platform, Add-on, Minority, Growth S3
Geography	Sunbelt US S6
Sectors	Consumer & Food, Education, Construction Services

What Crux Capital buys

Crux Capital is a Dallas firm, founded in 2019, that backs founder-owned and family-owned consumer and commercial services companies, mostly in the Sunbelt. It looks for repeatable models: franchisors, multi-unit operators, route-based and membership businesses, and tech-enabled services. On the consumer side it owns restaurant and bar groups, a drive-through tea franchise and a half-day preschool franchise. On the commercial side its criteria name facility, industrial and infrastructure services, and it built up and sold a Texas commercial landscaping company.

Crux usually wants $5 million to $100 million of revenue, $1 million to $15 million of EBITDA and at least three years of steady or rising profit. It takes majority or significant minority stakes and will do family transitions, recapitalizations, growth capital, management buyouts and outright purchases, often as the owner's first institutional investor. Add-ons have no minimum size. Its first institutional fund closed at its $342 million hard cap in September 2025, so it has fresh capital for new platforms.

Recent deals

Announced in the 24 months before October 27, 2026.

Date	Company	Type	Sector	Source
Apr 2026	Ivybrook AcademyRecapitalization of a franchised half-day preschool brand; the founding couple keep a meaningful stake and keep running it	Platform	Education	Source
Dec 2025	Pool Works and Freedom Pool PlasteringHouston and Austin pool companies acquired to launch Veridian Service Partners, an outdoor renovation platform	Platform	Construction Services	Source
Sep 2025	Crux Capital Fund IFirst institutional fund closed at its hard cap with $342 million of commitments	Fund close		Source
Apr 2025	SuperscapesCommercial landscaping company sold to TZP Group and GCP Capital Partners after revenue and EBITDA more than tripled	Exit	Landscaping	Source

Portfolio by sector

From the firm's portfolio page S5.

Fund I Investments

Ivybrook Academy
Veridian Service Partners

Pre-Fund Investments

HTeaO
Uncommon Brands
Woody's Brands

Past investments: Superscapes, Buff City Soap

Greymont’s take

How Crux Capital fits a seller

Crux fits owners of franchise systems, multi-unit consumer brands and service businesses in Texas and the wider Sunbelt who want to stay involved after a deal. Its deals tend to be recapitalizations rather than clean exits. At Ivybrook Academy in April 2026, the founding couple kept a meaningful stake and kept leading the company, and the Williams family partnered with Crux when it formed Veridian around Pool Works in December 2025. Crux says it does not run its companies day to day; it acts as an active adviser and helps with add-on deals.

Its process page describes a term sheet and site visit early on and about 90 days of diligence after a letter of intent, so an owner should have three to five years of financials ready. An owner should ask how large a stake Crux wants and how its fund timeline affects when it will look to sell.

Questions owners ask

What size companies does Crux Capital buy?

It usually looks for $5 million to $100 million of revenue, $1 million to $15 million of EBITDA and at least three years of stable or growing profit. It sets no size floor for add-on acquisitions.

Will Crux Capital take a minority stake?

Yes. Its criteria say it makes majority or significant minority investments, and it lists family transitions, equity recapitalizations, growth capital, management buyouts and outright acquisitions as deals it will do.

How does the Crux Capital deal process work?

Its process page lays out four steps: an introduction, a first review of financials under a confidentiality agreement, a term sheet that leads to a letter of intent, and roughly 90 days of due diligence before closing.

Has Crux Capital sold any of its companies?

Yes. In April 2025 it sold Superscapes, a commercial landscaping company in Texas and Arkansas, to TZP Group and GCP Capital Partners. Crux says revenue and EBITDA more than tripled while it owned the business. Buff City Soap is also marked realized.

Sources

S1Crux Capital home page Accessed October 27, 2026
S2Crux Capital: About Accessed October 27, 2026
S3Crux Capital: Investment Criteria & Focus Areas Accessed October 27, 2026
S4Crux Capital: Our Process Accessed October 27, 2026
S5Crux Capital: Portfolio Accessed October 27, 2026
S6Crux Capital Closes Inaugural Fund with Over $340 Million in Commitments (September 17, 2025) Accessed October 27, 2026
S7Crux Capital Partners with Drew and Jennifer McWilliams to Recapitalize Ivybrook Academy (April 7, 2026) Accessed October 27, 2026
S8Crux Capital Announces Formation of Veridian Service Partners (December 16, 2025) Accessed October 27, 2026
S9Crux Capital Announces Sale of Superscapes to TZP Group and GCP Capital Partners (April 22, 2025) Accessed October 27, 2026
S10Crux Capital Announces Team Expansion Following Closing of $342 Million Fund (January 22, 2026) Accessed October 27, 2026
S11Crux Capital: In The News 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 Crux Capital. Figures are as reported on the dates shown and may have changed. Request a correction