Percheron Capital: Buy Box & Recent Acquisitions

At a glance

Assets under management	$8B (as of Jul 2026) S1
Latest fund	Percheron Capital Fund III, $3.1B (Apr 2026) S3
Deal types	Platform, Add-on S5
Geography	United States S1
Sectors	Auto Services & Collision, Property Management & HOA, HVAC, Plumbing & Electrical, Roofing, Pest Control, Landscaping, Construction Services, Veterinary

What Percheron Capital buys

Percheron Capital is a San Francisco firm that invests only in essential services: the recurring, need-based work that keeps homes, buildings and vehicles running. It manages more than $8 billion and closed its third fund at a $3.1 billion hard cap in April 2026. Its current platforms cover tire and auto repair, car washes, residential and commercial HVAC and plumbing, roofing, pest control, foundation repair, emergency restoration, fire and life safety, commercial landscaping, multifamily property management and specialty veterinary care.

Percheron usually starts a platform by buying one strong operator, often with an outside CEO it has recruited, and then adds many smaller companies quickly; Lookout Pest Control alone made 17 acquisitions in 2024. The firm counts more than 200 investments including add-ons and runs an in-house AI engineering team that builds tools for frontline staff. Its public pages give no revenue or EBITDA limits. Most owners will meet Percheron as an add-on to one of its existing platforms.

Recent deals

Announced in the 24 months before October 19, 2026.

Date	Company	Type	Sector	Source
Jul 2026	Belle TireBig Brand Tire & Service agreed to buy the Midwest tire and auto service chain founded in 1922, taking Big Brand past $1.5 billion of revenue	Add-on	Auto Services & Collision	Source
Apr 2026	Percheron Capital Fund IIIClosed at its hard cap with about $3.1 billion of commitments	Fund close		Source
Feb 2026	Banner LandscapingDallas commercial landscaping company; date from Percheron's portfolio listing	Platform	Landscaping	Source
Jan 2026	RangeWater ResidentialAtlanta multifamily property management platform; date from Percheron's portfolio listing	Platform	Property Management & HOA	Source
Nov 2025	ASPYRE Fire & Life SafetyFire and life safety inspection and service platform launched by buying a company in the Southern US	Platform	Construction Services	Source
Oct 2025	Burt Brothers Tire & ServiceMountain West tire and auto service chain added to Big Brand Tire & Service	Add-on	Auto Services & Collision	Source
Oct 2025	Big Brand Tire & Service$1.625 billion recapitalization through a single-asset continuation vehicle co-led by Blue Owl, ICONIQ and Warburg Pincus	Investment	Auto Services & Collision	Source
Sep 2025	EnerviseCincinnati commercial HVAC company that founded the Solidaire HVAC & Energy Solutions platform	Platform	HVAC, Plumbing & Electrical	Source
Nov 2024	Robertson Tire and Tires To YouBig Brand's entry into Texas and Oklahoma with 21 locations	Add-on	Auto Services & Collision	Source
Nov 2024	Vanterra Foundation SolutionsPublic launch of the foundation repair and basement waterproofing platform, led by the CEO of partner company '58 Foundations & Waterproofing	Investment	Construction Services	Source
Nov 2024	Amstill RoofingHouston residential roofing company that launched the Alloy Roofing platform	Platform	Roofing	Source
Nov 2024	17 pest control companiesLookout Pest Control's 2024 acquisitions across the Southeast	Add-on	Pest Control	Source
Oct 2024	Right Restoration PartnersEmergency restoration platform for water and fire damage, mold remediation and rebuild work	Platform	Construction Services	Source
Oct 2024	Four veterinary dermatology practicesPractices in Maryland, Tennessee, Florida and California added to Animal Dermatology Group	Add-on	Veterinary	Source

Portfolio by sector

From the firm's portfolio page S1.

Commercial HVAC Services

Solidaire HVAC & Energy Solutions

Commercial Landscaping Services

Banner Landscaping

Emergency Restoration Services

Right Restoration Partners

Express Subscription Car Wash Services

Caliber Car Wash

Fire and Life Safety Services

ASPYRE Fire & Life Safety

Foundation Repair & Basement Waterproofing Services

Vanterra Foundation Solutions

Non-Discretionary Automotive Services

Big Brand Tire & Service

Outpatient Veterinary Specialty Services

Animal Outpatient Specialty Network

Property Management Services

RangeWater Residential

Residential HVAC & Plumbing Services

Blue Cardinal Home Services Group

Roofing Repair & Replacement Services

Alloy Roofing

Specialty & Emergency Veterinary Services

Veritas Veterinary Partners

Subscription Pest Control Services

Lookout Pest Control

Greymont’s take

How Percheron Capital fits a seller

Percheron suits owners of field service businesses in the trades it already covers, from tire shops and HVAC contractors to pest control, roofing and restoration companies. It is one of the most active add-on buyers in these markets, so a sale usually means joining an existing platform that has its own CEO, systems and integration team. Big Brand Tire & Service, for example, keeps buying regional chains, such as Burt Brothers in 2025 and Belle Tire in 2026.

Percheron's page for tire and auto sellers says Big Brand can value a business quickly with limited information and will work with owners on how their real estate is handled. The firm also likes to return cash to its investors early, as it did with the 2025 Big Brand recapitalization. Owners should ask what happens to their brand and staff after integration, and when and how any rolled equity can be sold.

Questions owners ask

Does Percheron Capital buy tire and auto service businesses?

Yes. Big Brand Tire & Service has been a Percheron platform since 2021 and keeps buying regional chains, including Robertson Tire and Tires To You in 2024, Burt Brothers in 2025 and an agreement to buy Belle Tire in July 2026. Percheron also owns Caliber Car Wash.

Does Percheron invest in property management or waste companies?

Its portfolio listing shows RangeWater Residential, a multifamily property management platform, acquired in January 2026. Its site also has pages inviting owners of multifamily property management and solid waste businesses to talk about partnerships, though no waste company appears in its portfolio.

How large is Percheron's latest fund?

Percheron Capital Fund III closed in April 2026 with about $3.1 billion of commitments at its hard cap, roughly double Fund II, which closed at $1.55 billion in March 2024.

Sources

S1Percheron Capital home page (AUM as of July 15, 2026, and portfolio companies) Accessed October 19, 2026
S2Percheron Capital: Media Accessed October 19, 2026
S3Percheron Capital Closes Fund III at $3.1 Billion Hard Cap (April 9, 2026) Accessed October 19, 2026
S4Percheron Capital Closes Debut Fund with $770 Million (September 16, 2021) Accessed October 19, 2026
S5Percheron Capital Announces Launch of ASPYRE Fire & Life Safety (November 12, 2025) Accessed October 19, 2026
S6Percheron Capital Accelerates Growth of Big Brand Tire & Service with $1.625 Billion Recapitalization (October 2, 2025) Accessed October 19, 2026
S7Percheron Capital Closes Fund II at $1.55 Billion Hard Cap (March 27, 2024) Accessed October 19, 2026
S8Percheron Capital: Big Brand Tire & Service acquisitions page Accessed October 19, 2026
S9Percheron Capital: Multi-Family Property Management partnerships page Accessed October 19, 2026
S10Percheron Capital: Solid Waste Management partnerships page Accessed October 19, 2026
S11Lookout Pest Control 2024 Acquisition Update (November 7, 2024) Accessed October 19, 2026

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