Lower middle market private equity firm
Praesidian Capital
- HeadquartersOklahoma City, OK S6
- Founded2002 S2
- Websitepraesidian.com
- Last verifiedNovember 2, 2026
At a glance
| EBITDA range | $3M to $30M S3 |
|---|---|
| Revenue range | $10M to $200M S3 |
| Deal types | Platform, Add-on S3 |
| Geography | United States S8 |
| Sectors | Consumer & Food, Industrial & Manufacturing, Healthcare Services |
What Praesidian Capital buys
Praesidian Capital is an Oklahoma City private equity firm that Jason Drattell founded in 2002. For most of its history it ran funds that gave flexible capital to lower middle market companies, often alongside another buyer, and it says it has now put roughly $1 billion into more than 100 businesses in the U.S. and Europe. In 2019 it launched a control equity strategy, backed by its partners' own money and long-standing investor relationships, and buying control of companies is now its main focus.
Its criteria page targets companies with $10 million to $200 million of revenue and $3 million to $30 million of EBITDA, while its recent press releases describe a $2 million to $15 million EBITDA sweet spot. It works across many industries but leans toward light manufacturing and consumer brands, with business services, healthcare and family entertainment also in the mix. Current holdings include Lionel Brands Group, formed when its Round 2 collectibles business bought Lionel in March 2026, and Care+ Pediatrics, a pediatric urgent care group in Oklahoma City. A smaller company may also fit as an add-on to one of these.
Recent deals
Announced in the 24 months before November 2, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Jun 2026 | Green CircuitsInvestment realized on the sale of the circuit board assembler; Praesidian had backed Evolve Capital's 2018 purchase | Exit | Industrial & Manufacturing | Source |
| Mar 2026 | LionelModel train maker bought by Round 2, creating Lionel Brands Group | Add-on | Consumer & Food | Source |
| Dec 2025 | Reel Power InternationalMaterial-handling equipment maker sold to StoneTree Investment Partners; Praesidian had invested alongside Dubin Clark in 2023 | Exit | Industrial & Manufacturing | Source |
| Nov 2025 | Round 2Follow-on equity investment in the collectibles and hobby products company it first backed in 2021 | Investment | Consumer & Food | Source |
| Aug 2025 | E-commerce consumer products distributor (name not disclosed)Sale of a tech-enabled online distribution business; buyer not named | Exit | Distribution | Source |
| Jan 2025 | MP Machinery and TestingNuclear and industrial testing specialist, bought in 2021, sold to SGS | Exit | Industrial & Manufacturing | Source |
Portfolio by sector
From the firm's portfolio page S4.
Consumer & Food
- Lionel Brands Group (includes Round 2 and Big Country Toys)
- Palmetto Moon
Healthcare Services
- Care+ Pediatrics
Industrial & Manufacturing
- Action Target
Transportation & Logistics
- Empire CLS Worldwide Chauffeured Services
Past investments: Reel Power, Green Circuits, MP Machinery and Testing
Greymont’s take
How Praesidian Capital fits a seller
Praesidian suits owners of profitable consumer brand, niche manufacturing or business services companies who want a small, long-tenured team and are comfortable with a firm that invests from its partners' capital and investor relationships rather than a large flagship fund. Its flexible-capital roots mean it can also join a deal led by another buyer, as it did with Evolve Capital at Green Circuits and Dubin Clark at Reel Power. Recent holds have run from about two to five years: it bought into Reel Power in 2023 and sold it in December 2025, and it bought MP Machinery and Testing in 2021 and sold it to SGS in January 2025.
An owner should ask whether Praesidian would take control itself or invest next to another sponsor, and how it funds add-ons such as the Lionel acquisition. The firm is based in Oklahoma City and took part in the state's 2023 Invest in Oklahoma program, which may matter to owners there.
Questions owners ask
What size companies does Praesidian Capital buy?
Its criteria page lists $10 million to $200 million of revenue and $3 million to $30 million of EBITDA. Press releases from 2025 and 2026 describe a narrower focus on companies with $2 million to $15 million of EBITDA.
Does Praesidian only buy control of companies?
Control buyouts have been its main strategy since 2019, but it also has a long record of providing capital next to other buyers. It backed Evolve Capital's 2018 purchase of Green Circuits and invested alongside Dubin Clark in Reel Power in 2023.
What has Praesidian sold recently?
It sold MP Machinery and Testing to SGS in January 2025, an unnamed e-commerce distribution business in August 2025 and Reel Power to StoneTree Investment Partners in December 2025, and it realized its Green Circuits investment in June 2026.
Sources
- S1Praesidian Capital home page Accessed November 2, 2026
- S2Praesidian Capital: About Us Accessed November 2, 2026
- S3Praesidian Capital: Investment Criteria Accessed November 2, 2026
- S4Praesidian Capital: Selected Transactions Accessed November 2, 2026
- S5Praesidian Capital: News Accessed November 2, 2026
- S6Praesidian Capital: Contact Us Accessed November 2, 2026
- S7Praesidian Capital-Backed Round 2 Acquires Lionel, Forming Lionel Brands Group (March 10, 2026) Accessed November 3, 2026
- S8Praesidian Capital Announces Exit of Investment in Green Circuits (June 2, 2026) Accessed November 3, 2026
- S9Praesidian Capital Announces Sale of Reel Power International to StoneTree Investment Partners (December 16, 2025) Accessed November 3, 2026
- S10Praesidian Capital-Backed Care+ Pediatrics Opens Third Oklahoma City Location (December 18, 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 Praesidian Capital. Figures are as reported on the dates shown and may have changed. Request a correction