Small company private equity firm with evergreen and closed-end funds
Greybull Stewardship
- HeadquartersJackson, WY S5
- Founded2010 S6
- Websitegreybullstewardship.com
- Last verifiedOctober 26, 2026
At a glance
| Latest fund | Greybull Stewardship II LP, $100M (Jun 2023) S6 |
|---|---|
| EBITDA range | Up to $5M S3 |
| Revenue range | $5M to $50M S3 |
| Deal types | Platform, Add-on, Minority, Growth S3 |
| Geography | United States S3 |
| Sectors | Environmental & Waste, Auto Services & Collision, Education, Software & SaaS, Industrial & Manufacturing, Consumer & Food |
What Greybull Stewardship buys
Greybull Stewardship is a Jackson, Wyoming firm that Mason Myers founded in 2010 to invest in what it calls the pre-middle market: US companies with $5 million to $50 million of revenue, EBITDA under $5 million and a clear chance to grow. It prefers a majority stake with management keeping a significant share, but will take a minority position in some cases. Its deals include buyouts, growth capital, shareholder liquidity and recapitalizations, and its focus industries are business services, education, franchising, manufacturing and software.
Greybull invests through two kinds of funds. Its evergreen fund, Greybull Stewardship LP, has no end date, and its first closed-end fund, Greybull Stewardship II LP, closed at its $100 million hard cap in June 2023, with money from foundations, family offices and funds of funds. The partners say they are the largest individual investors in their own funds. Greybull says its average hold is about eight years, and its in-house operators help portfolio companies with finance, technology, sales and operations.
Recent deals
Announced in the 24 months before October 26, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Oct 2026 | Mid-West TextileEl Paso textile recycler founded in 1982 that also runs Thrift Town stores; joins Greybull's textile recycling holdings | Platform | Environmental & Waste | Source |
| Jun 2026 | Genesys IndustriesMaker of aerospace, aviation and specialty industrial components; the founder stays as CEO and Greybull seeks more precision manufacturing add-ons | Platform | Industrial & Manufacturing | Source |
| Jun 2026 | YR IDProduct customization software platform added to VU Custom | Add-on | Software & SaaS | Source |
| Aug 2025 | Yourway Learning$9 million equity round for the K-12 AI teaching platform; Greybull is an existing investor | Investment | Education | Source |
| Aug 2025 | D-Tools$12 million Series C led by StellarIQ, with Greybull staying on as majority investor | Investment | Software & SaaS | Source |
| Jun 2025 | VSSTATexas provider of remote diagnostics and ADAS calibration services and software for collision repair shops | Platform | Auto Services & Collision | Source |
| Feb 2025 | Pogo Pass and GetOutPassMerger of two family entertainment membership platforms, now operating as GetOut | Investment | Consumer & Food | Source |
| Jan 2025 | United-Southern Waste Material CompanyDallas clothing and wiping-rag recycler founded in 1914 added to Reclaimed Textiles; a third-generation owner stays | Add-on | Environmental & Waste | Source |
| Nov 2024 | Ada Sand & Gravel and Premier AggregatesAda combined with Premier Aggregates to form Premier Aggregates Holdings, a southwest Idaho aggregates supplier | Investment | Source |
Portfolio by sector
From the firm's portfolio page S3.
Business Services
- Genesys Industries
- GetOut (formerly Pogo Pass)
- Reclaimed Textiles
- Courtroom Connect
- VU Custom
- Quantum Manufacturing
- Clothes Bin
- ProHome
- Capstone Event Group
- Grand Welcome
- Ada Sand & Gravel
- Clean Franchise Brands
- Murphy Business
Educational Content
- Coastline Academy
- Yourway Learning
Environmental & Waste
- Mid-West Textile
SaaS
- VSSTA
- D-Tools
Past investments: OnSource, Summit Professional Education, Animation Mentor, Real Estate Institute, ABC Sports Camps, Main Street Gourmet, AppointmentPlus
Greymont’s take
How Greybull Stewardship fits a seller
Greybull is one of the few institutional buyers that aims at companies earning under $5 million of EBITDA, so it suits owners who are too small for most private equity firms but want both capital and hands-on help from operators. Its long holds, about eight years on average, and its evergreen fund make it a reasonable fit for a founder who wants to stay involved rather than face a quick resale. It is building a textile recycling group around Reclaimed Textiles, Clothes Bin and, since October 2026, Mid-West Textile, and in 2025 it bought VSSTA, which provides ADAS calibration for collision shops.
An owner should ask which fund would own the company, the evergreen fund or the closed-end fund, and what that means for the timing of any later sale. Because Greybull prefers management to own a significant share, also ask how much equity you would be expected to keep.
Questions owners ask
What size company does Greybull Stewardship buy?
Its criteria call for US companies with $5 million to $50 million of revenue, under $5 million of EBITDA and a significant growth opportunity, a range it calls the pre-middle market.
Does Greybull invest in recycling companies?
Yes, in textile recycling. It owns Reclaimed Textiles and Clothes Bin, Reclaimed Textiles bought Dallas recycler United-Southern Waste Material in January 2025, and Greybull acquired El Paso's Mid-West Textile in October 2026.
How long does Greybull hold its companies?
In a November 2024 interview posted on its site, Mason Myers said the average hold is about eight years, some companies have been held for 11 years, and the firm has no required exit timeline.
Does Greybull take minority stakes?
Sometimes. Its preference is majority ownership with management holding a significant share, but its stated criteria say a minority investment is possible in certain situations.
Sources
- S1Greybull Stewardship home page Accessed October 26, 2026
- S2Greybull Stewardship: About Accessed October 26, 2026
- S3Greybull Stewardship: Portfolio and investment criteria Accessed October 26, 2026
- S4Greybull Stewardship: Business Owners Accessed October 26, 2026
- S5Greybull Stewardship: Contact Accessed October 26, 2026
- S6Greybull Stewardship Announces New Capital Commitments Totaling $140 Million (June 2, 2023) Accessed October 26, 2026
- S7Greybull Stewardship: Private Equity Investing in the Textile Space (November 21, 2024) Accessed October 26, 2026
- S8Greybull Stewardship Acquires Mid-West Textile (October 2026) Accessed October 26, 2026
- S9Greybull Stewardship Announces Acquisition of VSSTA, Inc. (June 5, 2025) Accessed October 26, 2026
- S10Reclaimed Cleaning Textiles Acquires United-Southern Waste Material Company (January 7, 2025) Accessed October 26, 2026
- S11Greybull Stewardship Partners with Genesys Industries (June 23, 2026) Accessed October 26, 2026
- S12Greybull Stewardship: Press 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 Greybull Stewardship. Figures are as reported on the dates shown and may have changed. Request a correction