Private Equity Firms in Maryland

Maryland's private equity firms cluster in two places: Baltimore and its northern suburbs, and Bethesda just outside Washington. Each group has its own character.

Bethesda firms lean toward IT services, cybersecurity, healthcare and professional services, including companies that work for government customers, and one invests with an explicit focus on social impact alongside financial returns.

Baltimore-area firms back industrial, construction and environmental services businesses, transportation and automotive services, and education and healthcare companies. One funds each new company separately with its own group of investors rather than from a single fund.

Family capital is here too: an Annapolis family office makes majority investments in founder-owned service businesses, including fire protection. Most firms in the state look for companies with roughly $2 million to $25 million of EBITDA, and the larger ones reach smaller owners through add-on acquisitions.

A buyer close to home can visit the business easily and often knows the local lenders, accountants and attorneys. Still, every firm here buys outside Maryland, and many active buyers of Maryland companies are based in other states. The better questions are whether a firm has bought businesses like yours, at your size, and what happened to the founders and managers after closing.

The profiles below are built to answer those questions. Each one lists the firm's announced deals from the last two years, with dates and links to the source, along with its stated size range and current portfolio, so an owner can quickly see which Maryland firms are active in their industry.

Greymont is paid by buyers, never by owners. Greymont can help Maryland owners compare these firms with national buyers active in the Mid-Atlantic and find the right fit.