Lower middle market private equity firm
Longshore Capital Partners
- HeadquartersChicago, IL S1
- Websitelongshorecp.com
- Last verifiedOctober 26, 2026
At a glance
| Latest fund | Longshore Capital Partners Fund II, $325M (Feb 2025) S6 |
|---|---|
| EBITDA range | $5M to $15M S3 |
| Revenue range | Up to $100M S1 |
| Deal types | Platform, Add-on S7 |
| Geography | North America S3 |
| Sectors | IT Services & MSP, Healthcare Services, Software & SaaS, Dental |
What Longshore Capital Partners buys
Longshore Capital Partners is a Chicago private equity firm that buys control of services companies in North America. Its stated target for a new platform is $5 million to $15 million of EBITDA, and its home page puts the revenue ceiling at about $100 million. It wants growing businesses whose revenue is contracted or repeats, that hold up through downturns, and that sit in a few service niches it knows well: healthcare revenue cycle management, tech-enabled outsourcing, loyalty and incentive programs, managed IT services and human capital services.
The firm closed its second fund at a $325 million hard cap in February 2025, up from $210 million for its first. Since then it has bought Centaris, a Michigan managed IT provider, Enavate, a Microsoft ERP partner based in Tampa, DemandTec, a retail pricing software company, and Prochant, which runs billing and collections for home-based care providers. Each platform is meant to grow through acquisitions, so a smaller company is most likely to meet Longshore as an add-on to one of them.
Recent deals
Announced in the 24 months before October 26, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Jul 2026 | ProchantRevenue cycle management for home-based care providers in Charlotte; the existing management team stays in charge | Platform | Healthcare Services | Source |
| Dec 2025 | EnavateTampa Microsoft ERP implementation, Azure hosting and managed support provider, with add-ons planned | Platform | IT Services & MSP | Source |
| Sep 2025 | DemandTecAI pricing, promotion and markdown software for retailers and consumer brands, now an independent company | Platform | Software & SaaS | Source |
| Jun 2025 | CentarisMichigan managed IT provider for Midwest small and mid-sized businesses, bought from Peninsula with leadership unchanged | Platform | IT Services & MSP | Source |
| Feb 2025 | Longshore Capital Partners Fund IIClosed at a $325 million hard cap against a $275 million target | Fund close | Source |
Portfolio by sector
From the firm's portfolio page S4.
Dental
- Oakpoint
Healthcare Services
- Annuity Health
IT Services & MSP
- Enavate
- Centaris
Software & SaaS
- DemandTec
Other
- Blue Wheel
- Team One Insurance Services
- MetaSource
Past investments: Stuzo, Gen3 Marketing, Eclipse Advantage, Revco Solutions, National Gift Card
Greymont’s take
How Longshore Capital Partners fits a seller
Longshore suits founders of profitable service businesses that bill on contracts or recurring terms, especially in managed IT, healthcare billing and collections, and outsourced back-office work. It buys control, so a sale usually means selling a majority stake and staying on to run the company while Longshore helps with add-on acquisitions, a sales team build-out and better systems. In the Centaris and Prochant deals, the existing leaders kept running the business. The firm also says it keeps debt at moderate levels rather than relying on leverage for returns.
Owners below the $5 million EBITDA mark are more likely to fit as an add-on to Centaris or Enavate than as a new platform. Two questions worth asking: how much equity Longshore expects the owner and managers to keep, and how the add-on plan for the business would be funded and staffed.
Questions owners ask
Does Longshore Capital Partners buy managed IT service providers?
Yes. Managed services is one of its five focus niches. It bought Centaris, a Michigan MSP serving Midwest small and mid-sized businesses, in June 2025, and Enavate, a Tampa Microsoft implementation and managed services provider, in December 2025.
What size company does Longshore look for?
New platforms have $5 million to $15 million of EBITDA and are based in North America, and its home page lists revenue under $100 million. Smaller companies have joined as add-ons, such as ProStar to Team One and Day One Digital to Blue Wheel in 2024.
Does Longshore take minority stakes?
No. Its criteria page says it takes a control position in every portfolio company, and its Fund II announcement describes the strategy as control buyouts of founder-owned lower middle market businesses.
How large is Longshore's current fund?
Fund II closed in February 2025 at its $325 million hard cap, above its $275 million target. Its first fund closed in 2020 with $210 million of commitments.
Sources
- S1Longshore Capital Partners home page Accessed October 26, 2026
- S2Longshore Capital Partners: About Us Accessed October 26, 2026
- S3Longshore Capital Partners: Investment Criteria Accessed October 26, 2026
- S4Longshore Capital Partners: Current and Exited Portfolio Accessed October 26, 2026
- S5Longshore Capital Partners: News Accessed October 26, 2026
- S6Longshore Capital Partners Closes Oversubscribed Fund II at $325 Million Hard Cap (February 4, 2025) Accessed October 26, 2026
- S7Longshore Capital Partners Closes Acquisition of Centaris (June 5, 2025) Accessed October 26, 2026
- S8Longshore Completes Strategic Investment in DemandTec (September 4, 2025) Accessed October 26, 2026
- S9Longshore Completes Strategic Investment in Enavate (December 11, 2025) Accessed October 26, 2026
- S10Prochant Announces Strategic Growth Partnership with Longshore Capital (July 23, 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 Longshore Capital Partners. Figures are as reported on the dates shown and may have changed. Request a correction