Middle market private equity firm

Palladium Equity Partners

At a glance

Assets under management$3.6B (as of Oct 2026) S1
EBITDA range$3M to $75M S4
Check size$10M to $150M S3
Deal typesPlatform, Add-on, Minority, Growth S4
GeographyUnited States, Canada S4
SectorsEnvironmental & Waste, Healthcare Services, Consumer & Food, Distribution, Industrial & Manufacturing, Transportation & Logistics

What Palladium Equity Partners buys

Palladium Equity Partners is a New York firm that has backed U.S. middle market companies since 1997. It reports about $3.6 billion of assets under management, more than 40 platform investments and over 200 add-ons. It runs two strategies. Flagship, its main fund family, invests $50 million to $150 million of equity in companies with $10 million to $75 million of EBITDA across consumer, services, industrials and healthcare. Its themes include the U.S. Hispanic market, founder and family-owned companies, and growth through acquisitions. Fund VI made its second platform investment, DME Express, in March 2026.

Heritage, launched in 2022, is the better fit for smaller owners. It invests $10 million to $50 million in business-to-business and industrial companies in the U.S. and Canada with $3 million to $12 million of EBITDA, through buyouts, carve-outs or growth capital, and will take control or a significant minority stake. Owners below those sizes are most likely to meet Palladium as an add-on, for example to Superior Environmental Solutions, which keeps buying vacuum truck and industrial cleaning companies in the Midwest and Southeast.

Recent deals

Announced in the 24 months before October 26, 2026.

DateCompanyTypeSectorSource
Mar 2026DME ExpressAgreement to buy a majority stake in a hospice medical equipment provider from WayPoint Capital; the founding CEO and team stay onPlatformHealthcare ServicesSource
Feb 2026ChemWorxAlabama chemical cleaning specialist added to Superior Environmental SolutionsAdd-onEnvironmental & WasteSource
Nov 2025J&S Industrial ServicesSt. Louis area vacuum truck, hydro-excavation and industrial cleaning company added to Superior Environmental SolutionsAdd-onEnvironmental & WasteSource
Jul 2025HydroblastersWisconsin vacuum and hydroblasting company added to Superior Environmental SolutionsAdd-onEnvironmental & WasteSource
Jul 2025Offer & MastmannFrankfurt immigration law firm bought by the law firm affiliated with Envoy GlobalAdd-onSource
May 2025Captain CleanIowa industrial cleaning and vacuum services company added to Superior Environmental SolutionsAdd-onEnvironmental & WasteSource
Mar 2025Quirch Foods Southern California facilityQuirch takes over a Los Angeles food distribution facility, its fifth transaction under PalladiumInvestmentDistributionSource
Jan 2025American Remediation & EnvironmentalMobile, Alabama tank cleaning and environmental services company, the largest deal yet for Superior Environmental SolutionsAdd-onEnvironmental & WasteSource
Nov 2024Smith Stone WaltersLondon immigration practice added to Envoy GlobalAdd-onSource
Oct 2024Del Real FoodsAgreement to sell a significant stake to Corporacion Multi Inversiones; Palladium and the founding family keep minority stakesExitConsumer & FoodSource

Portfolio by sector

From the firm's portfolio page S7.

Flagship (Fund IV)

  • Daniel's Jewelers
  • Fora Financial
  • Jordan's Skinny Mixes
  • Paragon
  • Sky Zone
  • TransForce
  • Del Real Foods Minority stake

Flagship (Fund V)

  • Accupac
  • Envoy Global
  • Health Connect America
  • Kymera International
  • Quirch Foods
  • Spice World
  • Superior Environmental Solutions

Flagship (Fund VI)

  • DME Express
  • Source Logistics

Heritage (Heritage I)

  • Bodewell Group
  • Collision Auto Parts

Greymont’s take

How Palladium Equity Partners fits a seller

For founders of industrial cleaning, vacuum truck and similar environmental service businesses in the Midwest and Southeast, Palladium is an active buyer through Superior Environmental Solutions, which closed five add-ons between January 2025 and February 2026. Those sellers joined a platform with close to 1,000 employees rather than becoming a new one. A founder with $3 million to $12 million of EBITDA in a B2B or industrial niche can also approach the Heritage team directly about a control or significant minority deal.

Palladium says 74 percent of the investments in its Funds III to VI involved founder transitions, and that it encourages founders to stay and keep a stake. Owners should ask which strategy would hold their company, since Flagship and Heritage differ in size and team. They should also ask how a retained stake is treated when Palladium sells, as in the 2024 Del Real deal, where Palladium and the founding family both kept minority stakes.

Questions owners ask

What size company does Palladium Equity Partners buy?

It depends on the strategy. Flagship targets companies with $10 million to $75 million of EBITDA and invests $50 million to $150 million of equity. Heritage targets $3 million to $12 million of EBITDA and invests $10 million to $50 million.

Does Palladium buy environmental or industrial services companies?

Yes, through Superior Environmental Solutions, a Cincinnati-based platform it has owned since August 2023. Since then SES has added American Remediation & Environmental, Captain Clean, Hydroblasters, J&S Industrial Services and ChemWorx, which offer vacuum, hydroblasting, tank cleaning and chemical cleaning services.

Will Palladium take a minority stake?

Its Heritage strategy will take control or a significant minority position and also provides growth capital. The Flagship strategy is control oriented and invests common or preferred equity, sometimes with some mezzanine debt.

Does the founder stay on after Palladium invests?

Palladium says it lets founders cash out part of their stake while encouraging them to stay and share in later gains. In the March 2026 DME Express agreement, the founding CEO and his team were set to keep leading the business.

Sources

  1. S1Palladium Equity Partners home page (AUM, offices, track record) Accessed October 26, 2026
  2. S2Palladium: Our Firm Accessed October 26, 2026
  3. S3Palladium: Flagship strategy Accessed October 26, 2026
  4. S4Palladium: Heritage strategy Accessed October 26, 2026
  5. S5Palladium: Founder and family-owned businesses Accessed October 26, 2026
  6. S6Palladium: Growth through acquisition Accessed October 26, 2026
  7. S7Palladium: Investments (portfolio with sector, status, strategy and fund filters) Accessed October 26, 2026
  8. S8Palladium Equity Partners to Acquire Majority Stake in DME Express from WayPoint Capital Partners (March 20, 2026) Accessed October 26, 2026
  9. S9Palladium Equity-Backed Superior Environmental Solutions Acquires J&S Industrial Services (November 13, 2025) Accessed October 26, 2026
  10. S10Superior Environmental Solutions Acquires Captain Clean (May 20, 2025) Accessed October 26, 2026
  11. S11Corporacion Multi Inversiones Acquires Del Real Foods from Palladium Equity Partners (October 31, 2024) Accessed October 26, 2026
  12. S12Palladium Announces Closing of $450 Million Continuation Vehicle (January 4, 2024) Accessed October 26, 2026
  13. S13Palladium Media (press releases) 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 Palladium Equity Partners. Figures are as reported on the dates shown and may have changed. Request a correction

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