Paisley Capital: Buy Box & Recent Acquisitions

At a glance

EBITDA range	$0.5M+ S1
Revenue range	$5M to $50M S1
Deal types	Platform, Minority S1
Geography	Upper Midwest US S1
Sectors	Industrial & Manufacturing

What Paisley Capital buys

Paisley Capital is a small private investment partnership run by two partners, one with a background in private equity, investment banking and commercial finance and one who owned and ran a commercial truck dealership. It buys small and mid-sized private companies in the upper Midwest, and every company it has bought so far is in Minnesota. It will look at any industry.

Its stated criteria are $5 million to $50 million of revenue or EBITDA above $500,000, which puts it within reach of businesses well under $1 million of profit. It can buy all of a company, a majority or a minority stake. Paisley says it focuses on owners who need an ownership transition, help with operations or a reorganization. In 2025 it bought Apex Transfers from its retiring founders alongside an outside executive who became CEO, and bought The ADS Group with its managers from the company's senior lender. Earlier deals included a recapitalization after the pandemic and a purchase from a company's creditors.

Recent deals

Announced in the 24 months before November 3, 2026.

Date	Company	Type	Sector	Source
Dec 2025	Apex Transfers (Apex Embroidery Design)Elk River, Minnesota maker of apparel print transfers bought from its retiring founders; Paisley named a new CEO	Platform	Industrial & Manufacturing	Source
2025	The ADS GroupPlymouth, Minnesota media replication, vinyl record pressing and fulfillment company bought with its managers from the senior lender	Platform	Industrial & Manufacturing	Source

Portfolio by sector

From the firm's portfolio page S1.

Investments

Apex Transfers
The ADS Group

Past investments: Intelligere Solutions, Plastic Resource

Greymont’s take

How Paisley Capital fits a seller

Paisley is one of the few buyers that will look at a Minnesota or upper Midwest company with only $500,000 or so of EBITDA. It suits a retiring owner with no successor, since it can bring in a new leader: when Brian and Sandy Hill sold Apex Transfers in December 2025, Paisley named an outside executive as CEO. It is also willing to step into harder situations, such as buying a business from its lender or recapitalizing one after a bad stretch.

Paisley has no published fund, so each purchase is likely financed deal by deal. An owner should ask how the price will be paid, how much will be cash at closing, and whether any part depends on future results. It has held companies for years before selling: Plastic Resource was bought in 2011 and sold to Bristol ID in 2019.

Questions owners ask

How small a company will Paisley Capital buy?

Its criteria are $5 million to $50 million of revenue or EBITDA above $500,000, so a profitable business well below $1 million of EBITDA can qualify if it is in the upper Midwest.

Will Paisley buy my company if I want to retire?

Yes, that is one of the situations it looks for. In 2025 it teamed up with an experienced operating executive to buy Apex Transfers from its retiring founders, and that executive became the company's CEO.

Does Paisley invest in struggling businesses?

It says it focuses on companies that need an ownership change, operating help or a reorganization. It bought The ADS Group from its senior secured lender in 2025 and recapitalized Intelligere Solutions in 2020 after the pandemic hit its business.

Sources

S1Paisley Capital home page: criteria, partners and investments Accessed November 3, 2026
S2True North M&A advises Apex Embroidery Design, Inc. on its sale to Paisley Capital (December 1, 2025) Accessed November 3, 2026

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