Lower middle market mezzanine and equity investor (SBIC)
Farragut Capital Partners
- HeadquartersChevy Chase, MD S1
- Founded2011 S1
- Websitefarragutcapitalpartners.com
- Last verifiedNovember 5, 2026
At a glance
| Latest fund | Farragut SBIC Fund III, LP, $263M (Apr 2025) S4 |
|---|---|
| EBITDA range | $2M+ S2 |
| Revenue range | $10M+ S4 |
| Check size | $4M to $15M S2 |
| Deal types | Minority, Growth S2 |
| Geography | United States S4 |
| Sectors | Industrial & Manufacturing, Distribution, Consumer & Food, Healthcare Services |
What Farragut Capital Partners buys
Farragut is a Chevy Chase, Maryland investor, founded in 2011, that runs SBIC funds and is investing from its $263 million third fund, closed in April 2025. It usually does not buy a company outright. It backs a sponsor, an independent sponsor or an owner with unitranche or subordinated debt, plus preferred or minority equity beside that debt. The money pays for acquisitions, recapitalizations, ownership transitions, refinancings and growth.
Its strategy page lists $4 million to $15 million per deal for companies with at least $2 million of EBITDA, and its fund announcement adds revenue of $10 million or more and deals up to $30 million. It favors asset-light businesses with steady cash flow in business services, industrial services, light manufacturing, value-added distribution, healthcare and consumer, and it has a long record in food. An owner most often meets Farragut as part of a sponsor's financing, as at Brazi Bites in August 2026.
Recent deals
Announced in the 24 months before November 5, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Aug 2026 | Brazi BitesMezzanine debt and an equity co-investment behind Midwest Growth Partners' purchase of the Portland, Oregon frozen food brand | Investment | Consumer & Food | Source |
| Apr 2026 | Mainstage Theatrical SupplySubordinated debt and preferred equity behind Sidereal's purchase of the Pensacola, Florida theatrical equipment supplier | Investment | Distribution | Source |
| Feb 2026 | ResolvionDebt for growth at a Charlotte, North Carolina repossession manager owned by SBJ Capital and TZP Group | Investment | Source | |
| Dec 2025 | Omega Moulding CompanyUnitranche debt and equity, alongside Cyprium Partners, in a Bellport, New York picture frame moulding distributor | Investment | Distribution | Source |
| Nov 2025 | Uptime USAUnitranche debt and equity for Aventa Capital's managed IT company to buy 415IT | Investment | Source | |
| Aug 2025 | Comprehensive EyeCare HoldingsSubordinated debt and a preferred equity co-investment in the recapitalization of a Henderson, Nevada ophthalmology practice manager | Investment | Healthcare Services | Source |
| Jun 2025 | Meeker Group HoldingsSubordinated debt and an equity co-investment in the recapitalization led by Keswick Partners of a Belleville, Pennsylvania equipment and tank maker | Investment | Industrial & Manufacturing | Source |
| Apr 2025 | Farragut SBIC Fund III, LPFinal close at $263 million, above target, and the firm's largest SBIC fund | Fund close | Source | |
| Mar 2025 | IMRIS ImagingSubordinated debt and an equity co-investment in Grovecourt Capital Partners' recapitalization of the Chaska, Minnesota surgical MRI company | Investment | Source | |
| Feb 2025 | Virginia Food GroupSenior subordinated debt and equity, with NewSpring Capital and Salem Investment Partners, behind Azalea Capital's purchase of the snack nut maker | Investment | Consumer & Food | Source |
Portfolio by sector
From the firm's portfolio page S3.
Business Services
- Resolvion
- Uptime USA
- Salisbury Moore
- MajorKey
Consumer
- Burnyzz
- Blue Ocean Brands
- Family Quest Holdings
Food & Beverage
- Brazi Bites
- Virginia Food Group
- Malley's Candies
- Fiesta Canning
- Catalina Finer Food Corp.
Government Services
- Parry Labs
- Ignite Digital Services
Healthcare
- Comprehensive EyeCare Holdings
- IMRIS Imaging
Manufacturing
- Meeker Group Holdings
- NEMA Enclosures
- SPG International
- EMX Industries
- Malco
- Eastern Metal Building Products
- Peachey Hardwood Flooring
- Martin Pallet
- GTA Containers
- Accurate Fabrication
Value-Added Distribution
- Mainstage Theatrical Supply
- Omega Moulding Company
- Measurement Control Systems
Past investments: Vitrek
Greymont’s take
How Farragut Capital Partners fits a seller
Farragut is not a buyer in the usual sense. Most owners will meet it as a financing partner for the sponsor or independent sponsor buying their company, so its presence says something about how that buyer has funded the deal. It also works directly with owners and management, which suits an owner who wants a recapitalization or a partial cash-out without a full sale.
Because most of its money goes in as debt, the company needs steady cash flow, and Farragut says it prefers asset-light businesses. It typically invests beside other mezzanine funds and lenders, as at Virginia Food Group and Burnyzz. Owners should ask how much of the capital is debt, what the interest and repayment terms are, and how much equity Farragut will hold. If rolling equity, ask where that stake sits relative to Farragut's.
Questions owners ask
Does Farragut Capital Partners buy companies outright?
Usually not. It provides debt and minority or preferred equity, most often behind a sponsor's purchase, as with Midwest Growth Partners at Brazi Bites in August 2026. It also works directly with owners and management teams.
What size of company does Farragut invest in?
Its strategy page asks for at least $2 million of EBITDA and lists $4 million to $15 million per deal. Its April 2025 Fund III announcement cites revenue of $10 million or more and deals up to $30 million.
Does Farragut invest in food companies?
Yes, often. Its August 2026 Brazi Bites announcement says that company joined food holdings including Catalina Finer Foods, Fiesta Canning, Malley's and Virginia Food Group, and its strategy page lists consumer among preferred industries.
Does Farragut take equity or only lend?
Usually both. Most recent deals pair debt with equity, such as the subordinated debt and preferred equity at Mainstage in April 2026. Its February 2026 Resolvion investment was described as debt only.
Sources
- S1Farragut Capital Partners home page Accessed November 5, 2026
- S2Farragut: Investment Strategy Accessed November 5, 2026
- S3Farragut: Investments (each company page marks it Current or Realized) Accessed November 5, 2026
- S4Farragut Capital Partners Announces Final Close of $263 Million Third Fund (April 21, 2025) Accessed November 5, 2026
- S5Farragut: News Accessed November 5, 2026
- S6Farragut: Why Farragut Accessed November 5, 2026
- S7Farragut Invests in Brazi Bites (August 14, 2026) 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 Farragut Capital Partners. Figures are as reported on the dates shown and may have changed. Request a correction