Full Guard Capital: Buy Box & Recent Acquisitions

At a glance

EBITDA range	$1M to $6M S1
Revenue range	$3M to $20M S1
Deal types	Platform, Add-on, Minority, Growth S1
Geography	United States S1
Sectors	Environmental & Waste, Auto Services & Collision, Healthcare Services, Industrial & Manufacturing

What Full Guard Capital buys

Full Guard Capital is a small private investment firm in Lancaster, Pennsylvania, funded by a network of family offices and high-net-worth individuals. It looks for family, founder and management-owned companies in the continental United States with about $3 million to $20 million of revenue, $1 million to $6 million of EBITDA and EBITDA margins of 10% or better. Most of its deals are control buyouts, but it also does recapitalizations, growth financings and some junior capital or minority deals.

Its main specialty is companies that provide outsourced services to counties, cities and state agencies, such as correctional healthcare, towing and parking enforcement, library furnishing and wastewater services. It also looks at niche business services and engineered parts manufacturing. In July 2026 it backed Smith's Sanitary Septic Service in York County, Pennsylvania, and it says it is looking for add-ons for its current companies. Add-ons often fall below its platform size range, so a smaller company can still fit as a bolt-on.

Recent deals

Announced in the 24 months before October 26, 2026.

Date	Company	Type	Sector	Source
Jul 2026	Smith's Sanitary Septic ServiceSeptic pumping, hauling and wastewater services company founded in 1959, serving South Central Pennsylvania and Northern Maryland	Platform	Environmental & Waste	Source
Apr 2026	Carolina Furnishing + DesignNorth Carolina furnishings dealer added to Community Furnishing Group, extending it into the Carolinas and commercial customers	Add-on		Source
Jan 2026	Valor Fleet ServicesMid-Atlantic towing, recovery and roadside services platform sold to Tailwind Capital	Exit	Auto Services & Collision	Source
Aug 2025	Al's Towing & StorageNorthern Virginia towing and vehicle storage company with four locations, added to Valor Fleet Services	Add-on	Auto Services & Collision	Source
Aug 2025	Reassurance SolutionsGrowth recapitalization, alongside family office C Capital, of a contact-free vital-sign monitoring company serving correctional facilities	Growth		Source

Portfolio by sector

From the firm's portfolio page S4.

Environmental & Waste

Smith's Sanitary Septic Service

Government and Municipal Outsourced Services

IMS Correctional Healthcare
Comprehensive Correctional Care (3C)
Community Furnishing Group
Perimeter Insect Guard
Reassurance Solutions

Healthcare Services

InSite Health

Industrial Manufacturing, Engineered Parts and Services

Hayn Enterprises

Past investments: Valor Fleet Services

Greymont’s take

How Full Guard Capital fits a seller

Full Guard suits owners of small, steady service businesses whose customers are mostly counties, cities or state agencies, and who want a buyer that already understands public contracts. The team is small and says it avoids committees, so owners usually deal directly with the partners. A sale typically means Full Guard takes control and then adds similar companies around the business. Its towing platform, Valor Fleet Services, grew by joining several local towing brands before Full Guard sold it to Tailwind Capital in January 2026.

The July 2026 Smith's deal shows how it approaches family companies: the Smith family chose Full Guard to carry on a business it had run since 1959. Owners should ask how long Full Guard expects to hold the company, whether it plans to sell to a larger private equity firm later, as it did with Valor, and how much of the price is paid in cash at closing.

Questions owners ask

What size company does Full Guard Capital look for?

It usually targets businesses with $3 million to $20 million of revenue, $1 million to $6 million of EBITDA and EBITDA margins of 10% or more. Add-ons for its current companies can fall below those ranges.

Does Full Guard Capital invest in septic or wastewater companies?

Yes. In July 2026 it partnered with Smith's Sanitary Septic Service, a septic pumping, hauling and wastewater company founded in 1959. Its managing partner called septic and wastewater services a highly fragmented industry with room to grow through acquisitions.

Has Full Guard Capital bought towing companies?

Yes. It built Valor Fleet Services, a Mid-Atlantic towing platform that brought together brands including Henry's Wrecker Service, Road Runner Wrecker Service and Al's Towing & Storage, and sold it to Tailwind Capital in January 2026.

Was Full Guard Capital known by another name?

Yes. It operated as Lancer Capital Management until November 29, 2022, when it rebranded as Full Guard Capital to avoid confusion with an unrelated firm that had a similar name. It said its strategy and team did not change.

Sources

S1Full Guard Capital home page and investment criteria Accessed October 26, 2026
S2Full Guard Capital: Our Company Accessed October 26, 2026
S3Full Guard Capital: Government and Municipal Outsourced Services Accessed October 26, 2026
S4Full Guard Capital: Investments Accessed October 26, 2026
S5Full Guard Capital: Past Investments Accessed October 26, 2026
S6Lancer Capital Management Rebrands Firm as Full Guard Capital (December 1, 2022) Accessed October 26, 2026
S7Full Guard Capital Announces Partnership With Smith's Sanitary Septic Services (July 10, 2026) Accessed October 26, 2026
S8Full Guard Capital Announces Sale of Valor Fleet Services to Tailwind Capital (January 19, 2026) Accessed October 26, 2026
S9Full Guard Capital: Industrial Manufacturing, Engineered Parts and Services Accessed October 26, 2026
S10Full Guard Capital: News and Insights Accessed October 26, 2026

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