Lower middle market subordinated debt and private equity investor

Eagle Private Capital

At a glance

Assets under management$1B (as of November 2026) S1
EBITDA range$2M+ S2
Revenue range$10M to $100M S2
Check size$4M to $15M S2
Deal typesPlatform, Growth S1
GeographyUnited States S2
SectorsHealthcare Services, Industrial & Manufacturing, Distribution, Consumer & Food, Software & SaaS, HVAC, Plumbing & Electrical, Construction Services

What Eagle Private Capital buys

Eagle Private Capital is a St. Louis investor with more than $1 billion under management. It usually backs a private equity sponsor or a management team with debt and some equity, rather than buying a company outright. Most of its money goes in as subordinated debt with a four to six year maturity. Warrants, preferred stock and common stock are a smaller part of what it does, and it does not publish how often it takes them.

It writes $4 million to $15 million per deal, and more with co-investors, for growth or a change of control. It is a generalist that invests across the United States in companies with $10 million to over $100 million of revenue and more than $2 million of EBITDA, with stable cash flow and managers who have a long-term incentive. It is busy: 68 active companies and 155 platforms to date, with about 20 additions and exits in the past two years. An owner will most likely meet Eagle through the sponsor or management team putting the deal together.

Recent deals

Announced in the 24 months before November 5, 2026.

DateCompanyTypeSectorSource
May 2026Jane WinCoin pendant jewelry brand based in Wayne, PAInvestmentConsumer & FoodSource
April 2026Pictures on GoldLinden, NJ maker of personalized jewelryInvestmentConsumer & FoodSource
April 2026LearnWell424 Capital's sale of the school mental health and academic support company to Goldman Sachs Alternatives; Eagle lists it as exitedExitEducationSource
March 2026JPB Home ServicesRoll-up of HVAC, plumbing, electrical and garage door services in Virginia, Maryland and GeorgiaInvestmentHVAC, Plumbing & ElectricalSource
Feb 2026Specialty Fenestration Group (Quikserv)River Associates sold the company to Victor Capital Partners; Eagle lists Quikserv as exitedExitIndustrial & ManufacturingSource
February 2026Two Cedars HoldingsPacific Northwest bakery platform; first purchase was Marsee Baking in Portland, ORInvestmentConsumer & FoodSource
February 2026Stillwater HospiceBillings, MT hospice provider with nine locationsInvestmentHealthcare ServicesSource
January 2026AYA Medical Spa (Emerald Holdings Intermediate Georgia)Medical spa group with locations including Atlanta, New York and DallasInvestmentHealthcare ServicesSource
Nov 2025Allegiance Group + PursuantStrategic investment beside 424 Capital in a fundraising and marketing partner for nonprofitsInvestmentSource
October 2025American Key Supply (AKS Acquisition)Las Vegas distributor and remanufacturer of keys and tools for automotive locksmithsInvestmentDistributionSource
October 2025Western MicrosurgicalCentennial, CO distributor of surgical equipment to hospitals and surgery centersInvestmentDistributionSource
August 2025Bochi TKG3D content business formed from Greyscalegorilla and KitBash3DInvestmentSoftware & SaaSSource
June 2025RequordITDocument and workflow management software company in Kentfield, CAInvestmentSoftware & SaaSSource
April 2025KelchnerSpringboro, OH excavation and civil construction company backed by Strength Capital PartnersInvestmentConstruction ServicesSource
February 2025Ira WaldenSouth Florida painting and finishing contractor for luxury propertiesInvestmentConstruction ServicesSource
February 2025MidStates EnergyRandall, MN industrial electrical and power plant maintenance contractorInvestmentConstruction ServicesSource
January 2025Tigris Aquatic ServicesSurface water upkeep and repair work for commercial, residential and municipal clientsInvestmentSource
December 2024Tower MSA PartnersMedicare Secondary Payer compliance services for insurers and self-insured companiesInvestmentSource
December 2024Environmental Management Solutions (Solution Group)Indianapolis provider of water treatment services and consulting for industryInvestmentSource

Portfolio by sector

From the firm's portfolio page S3.

Advertising Agency

  • Allegiance Group + Pursuant

Building

  • Mills Fence Co.

Business Services

  • Total Resource Management
  • Imagine Technology Group
  • Builders Buying Group
  • Prevail Business Services Group

Commercial Bakery

  • Two Cedars Holdings

Construction

  • Kelchner

Consumer Services

  • AYA Medical Spa (Emerald Holdings Intermediate Georgia)

Dental Practice Management

  • Tailwater

Distribution

  • Southern Ideal Door

Distributor

  • Longstreth Sporting Goods

E-Commerce

  • Seattle Coffee Gear
  • Boutique Brands
  • Artful Home

E-Commerce Retail

  • The Digital Stronghold
  • RentACoop

Electrical / HVAC Services

  • Climate Efficiency Partners

Energy Procurement

  • Environ Energy

Energy Services

  • MidStates Energy

Event Marketing

  • TriStar

Food Distribution

  • Transnational Foods

Grocery Sales/Marketing Services

  • RDD Associates

Healthcare

  • Western Microsurgical
  • Spectrum Medical Partners
  • Emerald Coast
  • Reverba
  • Ascension

Healthcare Education

  • Conexiant

Healthcare Marketing

  • Onspire Health Marketing

Healthcare Services

  • Stillwater Hospice
  • ENT Partners

Healthcare Technology & Services

  • Alatus Solutions

Healthcare/Business Services

  • MedHQ

Hearing Healthcare

  • Custom Protect Ear

HVAC, Plumbing and Electrical Services

  • Nashton HVAC

Industrial/Water

  • Environmental Management Solutions

Insurance

  • Tower MSA Partners

Investigation Services

  • Biometrics4All

IT Services

  • RequordIT
  • Neovera
  • Pinnacle Technology Partners

Jewelry Manufacturing

  • Pictures on Gold

Key Wholesale Distribution

  • American Key Supply (AKS Acquisition)

Manufacturing

  • Advanced Switchboard Distribution
  • Chocolate confections maker (unnamed)
  • Sinclair Designs and Engineering
  • Stealth
  • Regal Products
  • First Impression Ironworks (Ironworks Brands)

Medical Equipment Supplier

  • OJ Charm

Metal Fabrication

  • METALfx

Metal Promotional Items

  • MetalPromo

Outdoor Electrical/HVAC Services

  • Hawkins Service Company

Painting & Decorating Contractor

  • Ira Walden

Pest Control

  • VCM Products

Renewable Energy

  • QE Solar
  • Radian Generation

Residential Services

  • JPB Home Services

Retail

  • Jane Win

Services

  • VaLogic Bio
  • Tree services company (unnamed)
  • Riggs Tree Service

Software

  • Bochi TKG
  • Systrends USA

Staffing Services

  • Mountain Temp Services

Surface Water Management

  • Tigris Aquatic Services

Greymont’s take

How Eagle Private Capital fits a seller

Eagle is a good fit for a management team or sponsor that needs junior capital to buy a company, and for an owner whose buyer is short of the full price. It rarely shows up as the lead buyer. A sale usually means a sponsor owns the company and Eagle sits behind it, as with 424 Capital at Allegiance Group + Pursuant.

Because it works across many industries, from home services roll-ups to hospice and bakeries, an unusual business is less likely to be ruled out on sector alone. It looks for stable cash flow, because subordinated debt must be repaid over about four to six years. An owner keeping a stake should ask how much debt Eagle's piece adds, what the interest and repayment terms are, and whether Eagle also takes warrants or stock.

Questions owners ask

Does Eagle Private Capital buy companies outright?

Usually not. It says it partners with management or other private equity investors, and its recent news shows it as a co-investor or financing partner, such as beside 424 Capital at Allegiance Group + Pursuant.

How often does Eagle take equity?

It says it invests primarily in subordinated debt and to a lesser extent in warrants, preferred stock and common stock, but it gives no percentage. Its 2019 Practis release shows it joining 424 Capital in buying a majority share.

What size company does Eagle look for?

Its portfolio companies usually have $10 million to over $100 million of revenue and more than $2 million of EBITDA. It invests $4 million to $15 million, or more with co-investors.

Is Eagle still making new investments?

Yes. Its portfolio page shows new additions through May 2026, including Jane Win, Pictures on Gold and JPB Home Services, and it counts 68 active companies in all.

Sources

  1. S1Eagle Private Capital home page Accessed November 5, 2026
  2. S2Eagle Private Capital: About Us Accessed November 5, 2026
  3. S3Eagle Private Capital: Portfolio Companies Accessed November 5, 2026
  4. S4Eagle Private Capital: News Accessed November 5, 2026
  5. S5Allegiance Group + Pursuant Secures Strategic Investment from Eagle Private Capital (November 13, 2025) Accessed November 5, 2026
  6. S6424 Capital Announces Investment in Practis (December 31, 2019) Accessed November 5, 2026
  7. S7Strength Capital Acquires Kelchner, Inc. Accessed November 5, 2026
  8. S8River Associates Completes Sale of SFG to Victor Capital Partners (February 24, 2026) Accessed November 5, 2026
  9. S9LearnWell Acquired by Goldman Sachs Alternatives (April 2026) Accessed November 5, 2026
  10. S10The NonProfit Times: Fresh Private Equity Funding For AGP Agency Accessed November 5, 2026
  11. S11Eagle Private Capital: Scott D. Fesler Accessed November 5, 2026

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

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