Lower middle market private equity firm
Double Barrel Capital
- HeadquartersHouston, TX S1
- Websitedoublebarrelcapital.com
- Last verifiedNovember 2, 2026
At a glance
| Deal types | Platform S1 |
|---|---|
| Geography | Texas, Sun Belt, United States S1 |
| Sectors | Transportation & Logistics, Distribution |
What Double Barrel Capital buys
Double Barrel Capital is a Houston private equity firm that invests money from family offices and wealthy individuals in established lower middle market companies. It looks for businesses that sell everyday products or services, business-to-business services, logistics and distribution, or industrial services. Its main focus is Texas and the wider Sun Belt, though it will look across the United States. A target must already be cash flow positive, with steady customer relationships and an experienced management team. The firm does not back start-ups, turnarounds or companies that need heavy debt to work, and it prefers founder transitions, recapitalizations and deals that come to it directly rather than through an auction.
The firm publishes no revenue or EBITDA range. It calls its first fund a deliberately small vehicle aimed only at the lower middle market, and it can bring in co-investors for larger deals. In September 2025 it announced the initial close of that fund together with its first platform, a majority recapitalization of Envoy Source, a Memphis logistics company. It wants businesses that can grow organically and through add-ons.
Recent deals
Announced in the 24 months before November 2, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Sep 2025 | Envoy SourceMajority recapitalization of a Memphis third-party logistics and fulfillment provider founded in 2020; the deal closed August 15, 2025 | Platform | Transportation & Logistics | Source |
| Sep 2025 | Double Barrel Capital Fund IInitial close of the firm's first fund, backed by family offices and wealthy individuals; size not disclosed | Fund close | Source |
Portfolio by sector
From the firm's portfolio page S1.
Current Portfolio
- Envoy Source Current
Greymont’s take
How Double Barrel Capital fits a seller
Double Barrel suits a Texas or Sun Belt owner of a steady, profitable service, distribution or logistics business who is planning a succession and would rather deal with one buyer directly than run a banker-led auction. Its Envoy Source deal shows the shape of a typical transaction: a majority recapitalization of a profitable company that the firm called a base for long-term growth. The firm says it lines up the interests of its partners, company managers and investors, and that it keeps debt conservative.
Because the firm is new and has disclosed only one company, owners should ask how large a check its first fund can write without co-investors, how much of the company they would keep, and which of the four team members would sit on their board. The firm also says it plans realistic exit paths before it invests, so ask what the likely next owner looks like.
Questions owners ask
What kind of business does Double Barrel Capital buy?
It buys profitable, established lower middle market companies that sell everyday products or services, business-to-business services, logistics and distribution, or industrial services, and it rules out start-ups and turnarounds.
Where does Double Barrel Capital invest?
It invests across the United States but concentrates on Texas and the broader Sun Belt. Its first platform, Envoy Source, is a third-party logistics company based in Memphis, Tennessee.
Where does Double Barrel Capital's money come from?
Its capital comes from family offices and high net worth individuals. In September 2025 it announced the initial close of its first fund without giving a size, and it can add co-investors for larger deals.
Sources
- S1Double Barrel Capital home page (about, criteria, portfolio, news and contact sections) Accessed November 2, 2026
- S2Double Barrel Capital Announces the Initial Closure of its Inaugural Fund and the Majority Recapitalization of Envoy Source, LLC (PR Newswire, September 18, 2025) Accessed November 2, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Double Barrel Capital. Figures are as reported on the dates shown and may have changed. Request a correction