Middle market private equity firm
Gauge Capital
- HeadquartersSouthlake, TX S6
- Founded2013 S1
- Websitegaugecapital.com
- Last verifiedOctober 19, 2026
At a glance
| Assets under management | $3B (as of Dec 2025) S1 |
|---|---|
| Latest fund | Gauge Capital IV, $1.4B (Mar 2024) S4 |
| EBITDA range | $5M+ S2 |
| Deal types | Platform, Add-on, Minority S2 |
| Sectors | Healthcare Services, Software & SaaS, Consumer & Food, Insurance Brokerage, Education, Cybersecurity, Roofing, Landscaping, Dental |
What Gauge Capital buys
Gauge Capital is a private equity firm in Southlake, Texas, founded in 2013, that manages about $3 billion. It invests in three broad groups: business services and technology, healthcare, and food and consumer. Its current companies run from software, insurance agency networks and cybersecurity training to roofing, commercial landscaping, elevator service, clinical research sites, pediatric dental clinics and consumer brands. Gauge looks for at least $5 million of EBITDA, or $7 million of recurring revenue for fast-growing software businesses, and enterprise values of $50 million to $500 million. It takes majority or minority stakes and expects the founder to keep a meaningful share of the equity.
Gauge's own team is the largest investor in its funds, putting up more than a quarter of the $1.4 billion Fund IV that closed in March 2024. Much of its recent activity is add-ons: Reliable Medical, Rovia Clinical Research and Axxiom Elevator have each bought smaller, founder-led companies since 2025. An owner below the $5 million EBITDA bar is most likely to meet Gauge through one of those platforms.
Recent deals
Announced in the 24 months before October 19, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Sep 2026 | Action Seating & MobilityFounder-built Tulsa provider of complex rehab equipment added to Reliable Medical, its first locations in Oklahoma, Arkansas and Colorado | Add-on | Healthcare Services | Source |
| Sep 2026 | Pinnacle Research Group and Cullman Clinical TrialsTwo Alabama clinical research sites added to Rovia | Add-on | Healthcare Services | Source |
| Sep 2026 | Freedom in MobilityHuntsville, Alabama complex rehab provider added to Reliable Medical | Add-on | Healthcare Services | Source |
| Feb 2026 | Affordable American InsuranceGrowth capital and recapitalization of a property and casualty agency network serving about 100 independent agencies in 40 states | Platform | Insurance Brokerage | Source |
| Jan 2026 | EcosystemsGrowth capital and recapitalization alongside the founders of a customer value management software company | Platform | Software & SaaS | Source |
| Jan 2026 | Reliable MedicalNashville complex rehab and home medical equipment provider, bought from Seven Hills Capital | Platform | Healthcare Services | Source |
| Sep 2025 | StudyMetrix Research and Coastal Research InstituteResearch sites near St. Louis and in Fayetteville, North Carolina added to Rovia | Add-on | Healthcare Services | Source |
| Sep 2025 | AmeriTex ElevatorTexas and California elevator service company, Axxiom Elevator's eighth acquisition, backed by Gauge | Add-on | Source | |
| Aug 2025 | CENTEGIXCharlesbank made a growth investment; Gauge rolled over part of its proceeds | Exit | Source | |
| Jun 2025 | eDynamic LearningAgreement to sell the digital curriculum company to Pearson | Exit | Education | Source |
| May 2025 | Delta Research Partners of Bastrop and West MonroeTwo northern Louisiana research sites added to Rovia | Add-on | Healthcare Services | Source |
| Apr 2025 | Urology AmericaAgreement to merge into GI Alliance, part of Cardinal Health | Exit | Healthcare Services | Source |
| Apr 2025 | Evolution Elevator & EscalatorStaten Island elevator service company added to Axxiom Elevator | Add-on | Source |
Portfolio by sector
From the firm's portfolio page S3.
Business Services & Technology
- 7 Mindsets
- Affordable American Insurance
- AGT Robotics
- AHPIX
- Apple Roofing
- Axxiom Elevator
- Craftable
- Ecosystems
- ETE Reman
- Exact Customer
- Exigo
- NINJIO
- SAGO
- Spatial Data Logic
Food & Consumer
- Chaac Foods
- Clean Simple Eats
- Flowstone
- Performance Beauty Group
- RIP-IT
- Soleil Collective
Healthcare
- Children's Choice Pediatric Dental Care
- Comprehensive EyeCare Partners
- EMSAR
- Lucent Health
- Reliable Medical
- Rovia
- Streamline Healthcare Solutions
Greymont’s take
How Gauge Capital fits a seller
Gauge suits founders of profitable, growing companies who want to sell a large stake but keep a real piece of the upside. Its criteria call for significant rollover by the owner, and its 2026 deals for Affordable American Insurance and Ecosystems were recapitalizations alongside the existing teams rather than clean exits. Smaller owners in clinical research, complex rehab equipment or elevator service can instead sell into an existing platform; in September 2026 a founder-built Tulsa business, Action Seating & Mobility, joined Reliable Medical.
Gauge has sold companies to large strategic buyers, including eDynamic Learning to Pearson and Urology America to GI Alliance in 2025. Owners should ask how much equity they will be expected to roll, how long Gauge expects to hold the business, and what kind of buyer it is building toward.
Questions owners ask
How big does a company need to be for Gauge Capital?
Gauge's stated criteria are at least $5 million of EBITDA and an enterprise value of $50 million to $500 million. For fast-growing software companies it looks for $7 million or more of annual recurring revenue. Smaller companies usually join as add-ons to an existing platform.
Does Gauge buy majority or minority stakes?
Both. Its approach page lists majority and minority investments and expects significant rollover by the owner or founder. Most of its recent announcements describe growth capital combined with a recapitalization alongside the management team.
Does Gauge invest in home and commercial services companies?
Yes. Commercial and residential services is one of its listed business services sub-sectors. Its current portfolio includes Apple Roofing, the commercial landscaper AHPIX and Axxiom Elevator, which made its eighth acquisition, AmeriTex Elevator, in September 2025.
Sources
- S1Gauge Capital home page (figures as of December 31, 2025) Accessed October 19, 2026
- S2Gauge Capital: Approach Accessed October 19, 2026
- S3Gauge Capital: Portfolio Accessed October 19, 2026
- S4Gauge Capital Closes Gauge Capital IV at $1.4 billion (March 11, 2024) Accessed October 19, 2026
- S5Gauge Capital News Accessed October 19, 2026
- S6Reliable Medical Announces Next Phase of Growth with New Capital Partner, Gauge Capital (January 5, 2026) Accessed October 19, 2026
- S7Gauge Capital Announces New Partner Sam Smith (August 26, 2026) Accessed October 19, 2026
- S8Axxiom Elevator News (Gauge portfolio company) Accessed October 19, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Gauge Capital. Figures are as reported on the dates shown and may have changed. Request a correction