Middle market private equity and structured capital firm

Harvest Partners

At a glance

Assets under management$20B (as of Mar 2026) S2
Latest fundHarvest Partners IX, $5.3B (Nov 2023) S7
EBITDA range$25M to $300M S3
Revenue range$100M to $3B S3
Check size$50M to $400M S4
Deal typesPlatform, Add-on, Minority S4
GeographyNorth America S7
SectorsEnvironmental & Waste, IT Services & MSP, HVAC, Plumbing & Electrical, Landscaping, Construction Services, Healthcare Services, Veterinary, Education, Wealth Management, Insurance Brokerage, Software & SaaS

What Harvest Partners buys

Harvest Partners is a New York firm, founded in 1981, with more than $20 billion under management. It puts equity into larger middle market companies through two strategies. Private Equity buys control of businesses with $30 million to $300 million of EBITDA, $100 million to $3 billion of revenue and values of $300 million to $5 billion. Structured Capital, started in 2014, never takes control: it invests $50 million to $400 million in companies with $25 million to $300 million of EBITDA, usually as preferred equity, convertible preferred or common stock, often next to another sponsor or a founder. Both target business, industrial, commercial and consumer services and healthcare services. A separate Credit strategy lends and is not covered here.

Recent Private Equity platforms include Integra Testing Services, The Learning Experience and Med-Metrix. Structured Capital has backed three solid waste companies: Meridian Waste, Interstate Waste Services and Best Trash. Smaller owners will usually meet Harvest through one of these portfolio companies.

Recent deals

Announced in the 24 months before October 20, 2026.

DateCompanyTypeSectorSource
Jul 2026Integra Testing ServicesPrivate Equity: national HVAC testing, adjusting and balancing and cleanroom certification company bought from Keystone Capital; management stays as significant ownersPlatformHVAC, Plumbing & ElectricalSource
May 2026Power Home RemodelingStructured Capital joined Bain Capital and Sixth Street in a growth investment; Harvest's private equity funds remain the largest investorInvestmentConstruction ServicesSource
May 2026LaborFirstPrivate Equity (Fund IX): employer healthcare benefits management platform based in Mount Laurel, New JerseyPlatformHealthcare ServicesSource
May 2026Best TrashStructured Capital: municipal solid waste company serving the South-Central US from Richmond, TexasInvestmentEnvironmental & WasteSource
Apr 2026MAI Capital ManagementHarvest funds agreed to sell out as Carlyle takes a majority stake in the wealth manager at a value above $2.8 billionExitWealth ManagementSource
December 2025KUIUStructured Capital: hunting gear and apparel brandInvestmentConsumer & FoodSource
September 2025Interstate Waste ServicesStructured Capital: vertically integrated solid waste company serving the NortheastInvestmentEnvironmental & WasteSource
Jul 2025The Learning ExperiencePrivate Equity: majority stake in the early childhood education franchisor, bought from Golden Gate Capital, which kept a minority stakePlatformEducationSource
Jun 2025Med-MetrixPrivate Equity: growth investment in a healthcare revenue cycle management company alongside A&M Capital and managementGrowthHealthcare ServicesSource
Dec 2024Yellowstone LandscapeNeuberger Berman bought a large minority stake while Harvest kept majority ownership; Structured Capital invested more alongside itInvestmentLandscapingSource
December 2024Alumni StaffingAscend: locum tenens healthcare staffing company in Bridgewater, New JerseyInvestmentSource

Portfolio by sector

From the firm's portfolio page S5.

Ascend

  • Sparq
  • Alumni Staffing

Private Equity

  • Integra
  • LaborFirst
  • Med-Metrix
  • The Learning Experience
  • Road Safety Services
  • Convergint Technologies Group
  • Fortis Solutions Group
  • Granicus
  • OnPoint Group
  • ADCS
  • Epiq
  • Insight Global

Private Equity and Structured Capital

  • Power Home
  • Hand & Stone
  • The Vincit Group
  • Galway
  • MRI Software
  • Yellowstone Landscape
  • Integrity Marketing Group
  • VetCor

Structured Capital

  • Best Trash
  • Interstate Waste Services
  • Meridian Waste
  • KUIU
  • J.S. Held
  • Cerity Partners
  • Mercer Advisors
  • Tacala
  • ReSource Pro
  • Marcone
  • Fortra
  • ConnectiveRx
  • PDI Technologies
  • Avalign
  • Signant Health
  • OTG

Greymont’s take

How Harvest Partners fits a seller

Harvest fits owners of large services businesses, including families who want to take money off the table without giving up control. Its Private Equity strategy buys control and usually keeps management as significant owners, as at Integra and The Learning Experience. Structured Capital offers minority recapitalizations that let owners keep control while taking partial liquidity, and it often invests next to another sponsor. Waste owners should note it has backed three solid waste platforms since 2023: Meridian Waste, Interstate Waste Services and Best Trash.

The size floor is high, at $25 million of EBITDA for Structured Capital and $30 million for Private Equity, so smaller companies will usually sell to a Harvest portfolio company instead. An owner considering Structured Capital money should ask how the preferred return builds up each year, and what the payout looks like if the business is sold early.

Questions owners ask

What is the difference between Harvest's Private Equity and Structured Capital strategies?

Private Equity takes control of companies with $30 million to $300 million of EBITDA. Structured Capital never takes control; it invests $50 million to $400 million in companies with $25 million to $300 million of EBITDA, mostly through preferred equity, convertible preferred or common stock.

Does Harvest invest in waste companies?

Yes, through Structured Capital. Its portfolio lists Meridian Waste in the Southeast (July 2023), Interstate Waste Services in the Northeast (September 2025) and Best Trash in the South-Central US (May 2026) as current investments.

Can an owner keep control and still take money from Harvest?

Yes. Structured Capital offers minority recapitalizations designed to let owners keep control while taking significant proceeds and extra growth capital. It also funds acquisitions as an alternative to issuing more common equity.

What is Harvest's latest private equity fund?

Harvest Partners IX closed in November 2023 with $5.34 billion of commitments, above its $5.25 billion target. Recent platforms such as Integra Testing Services and LaborFirst sit in that fund.

Sources

  1. S1Harvest Partners home page Accessed October 20, 2026
  2. S2Harvest Partners: About Accessed October 20, 2026
  3. S3Harvest Partners: Private Equity strategy and investment criteria Accessed October 20, 2026
  4. S4Harvest Partners: Structured Capital strategy and investment criteria Accessed October 20, 2026
  5. S5Harvest Partners: Portfolio Investments Accessed October 20, 2026
  6. S6Harvest Partners: Connect (headquarters) Accessed October 20, 2026
  7. S7Harvest Partners Closes Harvest Partners IX, L.P. With Over $5.3 Billion of Commitments (November 7, 2023) Accessed October 20, 2026
  8. S8Harvest Partners: News Accessed October 20, 2026
  9. S9Harvest Partners: Meridian Waste Accessed October 20, 2026
  10. S10Harvest Partners: Sparq Accessed October 20, 2026
  11. S11Harvest Partners Acquires Integra Testing Services (July 1, 2026) Accessed October 20, 2026

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

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