High Street Capital: Buy Box & Recent Acquisitions

At a glance

Latest fund	High Street Capital VI, $247.5M (Aug 2024) S6
EBITDA range	$3M to $15M S6
Revenue range	Up to $150M S3
Deal types	Platform, Add-on, Minority, Growth S3
Geography	United States S3
Sectors	Industrial & Manufacturing, Construction Services, Distribution, Landscaping

What High Street Capital buys

High Street Capital is a Chicago private equity firm founded in 1997 by business owners. It buys lower middle market companies in four areas: outsourced business services, niche manufacturing, business-to-business supply chain, and value-added distribution and logistics. Its criteria allow revenue up to $150 million and cash flow up to $15 million, and its sixth fund, a $247.5 million SBIC fund closed in 2024, targets $3 million to $15 million of EBITDA. It invests across the U.S., mostly east of the Rockies, and stays away from retail, consumer products, restaurants, start-ups, turnarounds and real estate.

Deals can be control or minority: management buyouts, succession sales, recapitalizations, growth equity and corporate carve-outs. Each company is assigned one of High Street's own operating partners before closing. Its two Fund VI platforms are founder and family businesses in Texas, AHI Supply in December 2024 and All About Concrete in August 2026, and the firm says it has capital beyond the fund for add-ons to its current companies.

Recent deals

Announced in the 24 months before October 26, 2026.

Date	Company	Type	Sector	Source
Sep 2026	Chicago Extruded MetalsTramec sold the business to Mueller Brass; the sale closed in June 2026	Exit	Industrial & Manufacturing	Source
Aug 2026	All About ConcreteTexas residential and commercial concrete contractor; second Fund VI platform, with the founder staying as CEO	Platform	Construction Services	Source
Jun 2026	CJones PlumbingNorth Carolina residential plumbing installer added to Pinnacle Contracting Services	Add-on	HVAC, Plumbing & Electrical	Source
May 2026	NeoSystemsAssets of the managed IT, cybersecurity and outsourced accounting provider to government contractors sold to BlueStreet Solutions; held since 2021	Exit	IT Services & MSP	Source
Sep 2025	Open Range BeefOrganic and grass-fed beef processor in Nebraska sold to an affiliate of American Farmers Network; held since 2017	Exit	Consumer & Food	Source
Dec 2024	AHI SupplyTexas maker and supplier of construction products; first Fund VI platform, alongside Wells Fargo Strategic Capital and the existing owners	Platform	Industrial & Manufacturing	Source

Portfolio by sector

From the firm's portfolio page S5.

Current

AHI Supply
Adams Magnetic Products
All About Concrete
Southern Design Companies
BCD Professional Services
Tramec
Knight Material Technologies
Commodity Blenders
Pinnacle Contracting Services

Past investments: NeoSystems, Open Range Beef, Suburban

Greymont’s take

How High Street Capital fits a seller

High Street fits owners of manufacturing, distribution or contractor businesses who want a hands-on partner and plan to stay. All About Concrete kept its founder as CEO in 2026, and AHI Supply's management stayed in place in 2024. The firm is building a group of companies that serve home builders (All About Concrete in Texas, Pinnacle in the Carolinas and Southern Design in Atlanta), covering concrete, masonry, landscaping and now plumbing, so owners in those trades may find an add-on route. It also takes minority stakes, as it did with BCD, which suits a founder who wants some cash now and a larger sale later alongside the investor. Owners should ask which operating partner would join their board and how long High Street plans to hold, since its recent exits came after roughly five to eight years.

Questions owners ask

What size company does High Street Capital look for?

Its criteria page allows revenue up to $150 million and cash flow up to $15 million. Fund VI, which closed at $247.5 million in 2024, targets EBITDA of $3 million to $15 million, and a December 2024 release asked for businesses with more than $10 million of revenue.

Will High Street take a minority stake?

Yes. Its criteria list both control and non-control deals, along with growth equity, recapitalizations and management buyouts. Its investment in BCD, a maker of video surveillance storage systems, was a minority partnership in which the founder planned to sell alongside High Street later.

Does High Street invest in construction services companies?

Yes. It owns All About Concrete in Texas, Pinnacle Contracting Services in North and South Carolina and Southern Design in metro Atlanta, all of which serve home builders. Pinnacle added CJones Plumbing in June 2026, and High Street sold Wisconsin drywall contractor Suburban in July 2024.

Sources

S1High Street Capital home page Accessed October 26, 2026
S2High Street Capital: About Us Accessed October 26, 2026
S3High Street Capital: Investment Criteria Accessed October 26, 2026
S4High Street Capital: Investment Approach Accessed October 26, 2026
S5High Street Capital: Portfolio (current and previous) Accessed October 26, 2026
S6High Street Capital Closes Sixth Fund at $247.5 Million Hard Cap (August 1, 2024) Accessed October 26, 2026
S7High Street Capital 2024 Year in Review (January 22, 2025) Accessed October 26, 2026
S8High Street Capital Invests in AHI Supply (December 17, 2024) Accessed October 26, 2026
S9High Street Capital Invests in All About Concrete (August 24, 2026) Accessed October 26, 2026
S10High Street Capital Exits Portfolio Company Suburban (July 8, 2024) Accessed October 26, 2026
S11High Street Capital: News 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 High Street Capital. Figures are as reported on the dates shown and may have changed. Request a correction