Middle market private equity firm
GenNx360 Capital Partners
- HeadquartersNew York, NY S5
- Founded2006 S5
- Websitegennx360.com
- Last verifiedOctober 26, 2026
At a glance
| Assets under management | $3B (as of Aug 2026) S5 |
|---|---|
| Latest fund | GenNx360 Capital Partners IV, $865M (Aug 2026) S5 |
| EBITDA range | $5M to $35M S1 |
| Revenue range | $50M to $500M S1 |
| Check size | $25M to $100M S1 |
| Deal types | Platform, Add-on S3 |
| Geography | North America S1 |
| Sectors | Industrial & Manufacturing, IT Services & MSP, Construction Services, Distribution, Consumer & Food |
What GenNx360 Capital Partners buys
GenNx360 Capital Partners is a New York firm founded in 2006 that manages about $3 billion. It buys control of North American business-to-business companies in industrial services, business services and manufacturing, looking for fragmented markets where it can grow through acquisitions. Its target companies have $50 million to $500 million of revenue and $5 million to $35 million of EBITDA, and it invests $25 million to $100 million of equity per deal. Recent target areas include infrastructure and utility services, testing and inspection, aerospace and defense, automation, commercial services, IT services, packaging and food services.
The firm closed its fourth fund at $865 million in August 2026, above its target, and that fund has already backed Shenandoah, Heartland Business Systems, NVI and Aeron Defense. GenNx360 says it prefers to be the first outside investor in founder- or family-owned companies. It also buys companies below its size range as add-ons, as Heartland did with Applied Tech Solutions in April 2026.
Recent deals
Announced in the 24 months before October 26, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Oct 2026 | Whitsons Culinary GroupSingle-asset continuation vehicle led by Churchill, with $285 million of equity commitments and new money from Fund IV, to keep backing the foodservice company's add-on strategy | Investment | Consumer & Food | Source |
| Aug 2026 | GenNx360 Capital Partners IVFourth flagship fund closed at $865 million, above its target and the largest in the firm's history | Fund close | Source | |
| May 2026 | Precision Aviation GroupAviation repair and parts platform sold to VSE for about $2.025 billion in cash and stock, after 11 add-ons | Exit | Source | |
| Apr 2026 | Franklin Machine & GearFamily-owned Houston gear and gearbox repair shop added to Horsburgh & Scott; the owners stay on | Add-on | Industrial & Manufacturing | Source |
| Apr 2026 | Applied Tech SolutionsMadison, Wisconsin managed IT and cybersecurity provider added to Heartland Business Systems, more than doubling its managed services business | Add-on | IT Services & MSP | Source |
| Feb 2026 | NVITesting, inspection and integrity services company in Gray, Louisiana, found through a three-year sourcing effort | Platform | Source | |
| Jan 2026 | Aero 3Aircraft wheel and brake repair company sold to VSE for $350 million after four add-ons | Exit | Source | |
| January 2026 | Aeron DefenseMaker of defense components for major US defense contractors, held in Fund IV | Platform | Industrial & Manufacturing | Source |
| Oct 2025 | Heartland Business SystemsWisconsin IT services provider bought from A&M Capital Opportunities; the founder retired and a new CEO was named | Platform | IT Services & MSP | Source |
| Sep 2025 | Nu-PipeSoutheast trenchless pipe rehabilitation company added to Shenandoah; the founder joins its leadership | Add-on | Construction Services | Source |
| Jul 2025 | Turner AviationGlasgow aviation repair company added to Precision Aviation Group | Add-on | Source | |
| May 2025 | Pro-Pipe ServicesSouthwest pipe cleaning and inspection business bought from National Underground Group for Shenandoah | Add-on | Construction Services | Source |
| Jan 2025 | Glendale Senior DiningNew England senior living dining provider added to Whitsons Culinary Group | Add-on | Consumer & Food | Source |
| Nov 2024 | ITsavvyIT infrastructure and services provider sold to Xerox for $400 million | Exit | IT Services & MSP | Source |
Portfolio by sector
From the firm's portfolio page S4.
Aerospace & Defense
- Aeron Defense
Automation
- Pacteon Group
Automation, Industrial Manufacturing
- Tooling Technology Holdings
Business Services
- B2B Industrial Packaging
- Nutra-Med Packaging
- Shenandoah
- Subsea Global Solutions
- Tensentric
- Vintage Parts, Inc.
- Whitsons Culinary Group
Industrial Manufacturing
- Horsburgh & Scott
Infrastructure
- NVI
Technology Solutions
- Heartland Business Systems
Greymont’s take
How GenNx360 Capital Partners fits a seller
GenNx360 fits owners of business-to-business service and industrial companies, such as IT managed service providers, pipe and underground infrastructure contractors and specialty manufacturers, who are ready to sell control and want the business to keep growing through acquisitions. Owners below $5 million of EBITDA are more likely to sell into a platform: the owners of Franklin Machine & Gear and Nu-Pipe and the CEO of Applied Tech Solutions all stayed with their businesses after joining GenNx360 companies.
GenNx360 brings its own operating partners into each deal and works from a set playbook, so owners should ask which operating changes are planned for the first year and what role they will have. Its recent exits went to large corporate buyers (Precision Aviation Group and Aero 3 to VSE, ITsavvy to Xerox), so it is also worth asking what exit the firm has in mind.
Questions owners ask
Does GenNx360 buy IT services companies?
Yes. It bought Heartland Business Systems, a Wisconsin IT services provider, in October 2025, and in April 2026 Heartland added Applied Tech Solutions, a managed IT and cybersecurity provider. GenNx360 earlier owned ITsavvy, which it sold to Xerox for $400 million in November 2024.
What size company does GenNx360 look for?
Its stated range is $50 million to $500 million of revenue and $5 million to $35 million of EBITDA, with equity investments of $25 million to $100 million. Its about page adds that it keeps looking for smaller add-on acquisitions for its existing companies.
Does GenNx360 work with founder-owned businesses?
Yes. Its strategy page says most of its investments have been made alongside founders, and it aims to be the first institutional capital in founder- or family-owned companies. In recent add-ons, the owners of Franklin Machine & Gear and Nu-Pipe stayed with the combined businesses.
Sources
- S1GenNx360 home page Accessed October 19, 2026
- S2GenNx360: About Accessed October 19, 2026
- S3GenNx360: Strategy Accessed October 19, 2026
- S4GenNx360: Current Investments Accessed October 19, 2026
- S5GenNx360 Capital Partners Closes Fourth Flagship Fund at $865 million (August 27, 2026) Accessed October 19, 2026
- S6GenNx360 News Accessed October 19, 2026
- S7GenNx360 Capital Partners Announces Acquisition of Heartland Business Systems (October 7, 2025) Accessed October 19, 2026
- S8GenNx360 closes Churchill-led continuation vehicle for Whitsons Culinary Group (October 14, 2026) 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 GenNx360 Capital Partners. Figures are as reported on the dates shown and may have changed. Request a correction