Lower middle market private equity firm
Millpond Equity Partners
- HeadquartersBoca Raton, FL S1
- Websitemillpondequity.com
- Last verifiedNovember 5, 2026
At a glance
| EBITDA range | $3M to $15M S2 |
|---|---|
| Deal types | Platform, Add-on, Minority, Growth S2 |
| Geography | North America S2 |
| Sectors | Education, Software & SaaS |
What Millpond Equity Partners buys
Millpond Equity Partners is a Boca Raton, Florida private equity firm that backs profitable business services companies, and most of what it owns today serves education and training. It also names marketing services and sales enablement, services to healthcare payors and providers, and human capital management as target areas. It looks for $3 million to $15 million of EBITDA and a North American headquarters, and it stays away from real estate, oil and gas, and restaurants.
Its deal list runs from control buyouts and majority recapitalizations to corporate divestitures, partial shareholder liquidity and significant minority or growth stakes, though its January 2026 release calls the firm control-oriented. It publishes no check size, fund or assets under management. By its own count it reached 17 acquisitions that month, when Galileo Education added two Florida private schools and said it wants more. Add-ons can be any size, so a smaller company would most likely join Galileo, Paxton/Patterson, Financial Aid Services, Futuri Media or Science Interactive Group.
Recent deals
Announced in the 24 months before November 5, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Jan 2026 | Putnam Classical Academy and New Generation Christian SchoolTwo northeast Florida private schools added to Galileo Education; both keep their names and campus leaders | Add-on | Education | Source |
Portfolio by sector
From the firm's portfolio page S3.
Education & Training Services
- Galileo Education
- Paxton/Patterson
- Financial Aid Services
- Science Interactive Group
Marketing Services
- Futuri Media
Past investments: TouchMath, BrandRep
Greymont’s take
How Millpond Equity Partners fits a seller
Millpond is a natural buyer for an owner in education or training, since four of its five current platforms sit there. It says owners can pick their path: leave soon after closing, step back gradually into retirement or a board seat, or stay on as an executive. When Galileo Education bought two Florida schools in January 2026, both kept their names and campus leaders.
Expect active involvement. The firm calls itself hands-on, and its news shows new CEOs arriving at Financial Aid Services, Science Interactive Group and TouchMath after it invested. If you want to keep running the company, settle that early. Because Millpond publishes no fund, also ask where the equity for your deal would come from, since past releases name outside co-investors and financing partners.
Questions owners ask
Which companies does Millpond own today?
Its current list covers Galileo Education, Paxton/Patterson, Financial Aid Services, Futuri Media and Science Interactive Group, which includes Hands-On Learning, Science First and eScience Labs. Four of the five serve education markets, and Futuri sells software to broadcasters.
Does Millpond take control of the companies it buys?
That is its stated focus. Its January 2026 release calls the firm control-oriented, and it says it acquired a controlling interest in TouchMath in 2018. Its criteria also allow significant minority stakes, and releases for its current platforms give no ownership percentages.
What size company does Millpond look for?
Platform investments need $3 million to $15 million of EBITDA and a North American headquarters, while add-ons can be any size. The firm does not publish a revenue range or a check size.
Can an owner leave soon after selling to Millpond?
It says yes. Its page for business owners lists an exit right after closing, a gradual retirement or board role over several years, or a continuing executive role, and it says these can be combined.
Sources
- S1Millpond Equity Partners home page Accessed November 5, 2026
- S2Millpond: Investment Criteria Accessed November 5, 2026
- S3Millpond: Portfolio Accessed November 5, 2026
- S4Millpond: About Accessed November 5, 2026
- S5Millpond: Business Owners Accessed November 5, 2026
- S6Millpond: Contact Us Accessed November 5, 2026
- S7Millpond: News Accessed November 5, 2026
- S8Galileo Education Expands Florida Footprint with Acquisition of Putnam Classical Academy and New Generation Christian School (January 5, 2026) Accessed November 5, 2026
- S9Galileo Education press release, full text (January 5, 2026) Accessed November 5, 2026
- S10Millpond Invests in Galileo Education, full text (February 7, 2024) Accessed November 5, 2026
- S11Millpond Announces the Sale of Portfolio Company TouchMath (February 2024) Accessed November 5, 2026
- S12Millpond and Wasena Capital Management Acquire Paxton/Patterson, full text (March 2022) Accessed November 5, 2026
- S13Millpond Announces Investment in Financial Aid Services, full text (June 2, 2021) Accessed November 5, 2026
- S14How Business Owners Find the Right Partner to Invest in Their Business Accessed November 5, 2026
- S15Millpond Invests in Futuri Media, full text (February 13, 2019) Accessed November 5, 2026
- S16Millpond Completes Recapitalization of Science First Accessed November 5, 2026
- S17Millpond Completes Recapitalization of Hands-On Learning Accessed November 5, 2026
- S18Millpond: Lawrence I. Shagrin bio Accessed November 5, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Millpond Equity Partners. Figures are as reported on the dates shown and may have changed. Request a correction