Growth-oriented private equity firm
Primus Capital
- HeadquartersCleveland, OH S5
- Founded1983 S2
- Websiteprimuscapital.com
- Last verifiedOctober 29, 2026
At a glance
| Latest fund | Primus Capital ninth fund, $800M S2 |
|---|---|
| Check size | $20M to $100M S2 |
| Deal types | Platform, Minority, Growth S2 |
| Geography | United States, Canada S2 |
| Sectors | Software & SaaS, Healthcare Services, Cybersecurity |
What Primus Capital buys
Primus Capital is a growth-focused private equity firm that started in 1983 and has offices in Atlanta and the Cleveland area. It backs companies in three areas: healthcare, software and technology, and tech-enabled services. Within those it names healthcare IT, healthcare services, financial technology, marketing and education technology, human capital software, infrastructure technology, security and vertical software. It invests in the United States and Canada, puts in $20 million to $100 million per deal, and looks at companies valued at up to about $250 million. It is investing from its $800 million ninth fund and says it has backed more than 130 companies.
Primus can buy a business outright, recapitalize it with a control or a minority stake, buy shares from existing holders, or fund a growth plan. Its recent deals have mostly been growth or minority investments, such as RxAnte in January 2026 and Matic in June 2026, and it usually holds for three to seven years. It does not publish revenue or EBITDA minimums, but its check size means a company needs real scale to fit.
Recent deals
Announced in the 24 months before October 29, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Jun 2026 | MaticMinority growth investment in the Columbus, Ohio digital home and auto insurance platform, announced alongside its purchase of a book of about 30,000 policies | Minority | Insurance Brokerage | Source |
| Jan 2026 | RxAnteGrowth investment in a Portland, Maine pharmacy care analytics and services company that runs Mosaic Pharmacy Service | Growth | Healthcare Services | Source |
| Feb 2025 | ReachStrategic investment in a Calgary merchant-of-record platform handling payments, tax and fraud for online sellers | Growth | Software & SaaS | Source |
| Feb 2025 | LiquidityBookTrading software company sold to FactSet for $246.5 million in cash | Exit | Software & SaaS | Source |
| Jan 2025 | MDauditFollow-on investment in the healthcare billing compliance software company alongside new investor Bregal Sagemount | Growth | Software & SaaS | Source |
Portfolio by sector
From the firm's portfolio page S3.
Healthcare
- BioProcure & Prendio
- Lightbeam Health Solutions
- MDaudit
- PurpleLab
- RxAnte
- Trilliant Health
Tech-Enabled Services
- Ambition
- BizLibrary
- Bloomfire
- CORL Technologies
- HiBid
- Matic Insurance Services
- Ordergroove
- Reach
Technology/Software
- Cayuse
- Rev.io
Past investments: LiquidityBook, TrackVia, MEDHOST, EnableComp
Greymont’s take
How Primus Capital fits a seller
Primus suits founders of established healthcare technology, software or tech-enabled service companies who want a well-funded partner but may not want to give up control. Its recent deals follow a pattern: it buys a minority or partial stake, backs the existing management team, and works through a board seat; its site tells managers that they run the company. RxAnte's co-founder and CEO announced the January 2026 deal, and Primus put more money into MDaudit in January 2025 when a second investor came in.
The $20 million minimum check is a high bar, so most smaller owners will only fit if they are growing quickly in one of its niches. Owners should ask whether Primus wants control or a minority stake in their case, and how its usual three to seven year hold fits their own plans. Its recent exits went to strategic buyers FactSet and Harris and to another investor, Bow River Capital.
Questions owners ask
How much does Primus Capital invest in a company?
Its stated range is $20 million to $100 million per deal, and more when its limited partners co-invest. It targets companies with enterprise values of up to $250 million.
Does Primus Capital take minority stakes?
Yes. It makes both control and minority investments. In June 2026 it took a minority stake in insurance platform Matic, and in January 2025 it reinvested in MDaudit alongside Bregal Sagemount.
Which industries does Primus Capital focus on?
Healthcare, software and technology, and tech-enabled services. Within those it lists healthcare IT, healthcare services, financial technology, education and marketing technology, human capital management, infrastructure technology, security and vertical software.
Does Primus Capital invest outside the United States?
It invests in the United States and Canada. Its February 2025 investment in Reach, a merchant-of-record payments company based in Calgary, Alberta, is a recent Canadian example.
Sources
- S1Primus Capital home page Accessed October 29, 2026
- S2Primus Capital: About Primus (investment strategy and criteria) Accessed October 29, 2026
- S3Primus Capital: Representative Portfolio Companies (16 current, 29 exited) Accessed October 29, 2026
- S4Primus Capital News Accessed October 29, 2026
- S5Primus Capital: Contact (Atlanta and Cleveland offices) Accessed October 29, 2026
- S6Primus Capital Announces Strategic Growth Investment in RxAnte (January 12, 2026) Accessed October 29, 2026
- S7Reach Secures Major Investment from Primus Capital (February 20, 2025) Accessed October 29, 2026
- S8FactSet Acquires LiquidityBook (February 10, 2025) Accessed October 29, 2026
- S9Matic Secures Minority Investment From Primus Capital (June 24, 2026) Accessed October 29, 2026
- S10MDaudit Announces Strategic Growth Investment from Bregal Sagemount and Primus Capital (January 8, 2025) Accessed October 29, 2026
- S11CORL Technologies announces strategic growth investment from Primus Capital (2022) Accessed October 29, 2026
- S12Primus Capital portfolio: TrackVia (acquired by Bow River Capital) Accessed October 29, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Primus Capital. Figures are as reported on the dates shown and may have changed. Request a correction