Lower middle market private equity firm
Renovus Capital Partners
- HeadquartersWayne, PA S1
- Founded2010 S2
- Websiterenovuscapital.com
- Last verifiedOctober 26, 2026
At a glance
| Assets under management | $2B (as of Oct 2026) S2 |
|---|---|
| Latest fund | Renovus Capital Partners IV, $875M (Oct 2024) S4 |
| EBITDA range | $3M+ S2 |
| Deal types | Platform, Add-on S2 |
| Geography | United States S2 |
| Sectors | IT Services & MSP, Healthcare Services, Education, Accounting & Professional Services |
What Renovus Capital Partners buys
Renovus is a firm in Wayne, Pennsylvania, outside Philadelphia, that has invested since 2010 in what it calls the Knowledge and Talent industries: education and training, healthcare services, technology services and professional services. On the technology side it backs managed IT and security providers, cloud and data firms, and government IT contractors such as CloudFirst, Aretum and xFact. It manages more than $2 billion and closed its fourth buyout fund at $875 million in October 2024.
Renovus buys control of founder-owned companies and says more than 85% of its deals have been the company's first outside capital. For a new platform it looks for at least $3 million of EBITDA and an enterprise value between $10 million and $200 million, then grows the business with add-ons; it counts more than 100 companies backed since it started. Owners below that size are most likely to meet Renovus as an add-on to a platform such as CloudFirst, F2 Strategy or Superior Health Holdings.
Recent deals
Announced in the 24 months before October 26, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Oct 2026 | Aspire Home Health CareChicago-area orthopedic and home health provider; Renovus calls it its sixth healthcare talent platform | Platform | Healthcare Services | Source |
| Sep 2026 | Evolution Consulting & ResearchLife sciences market research firm added to TJP | Add-on | Healthcare Services | Source |
| Sep 2026 | Callaway Cloud ConsultingSalesforce, data and platform engineering consultancy added to F2 Strategy | Add-on | IT Services & MSP | Source |
| Sep 2026 | Forvis Mazars IT and cyber managed services practiceManaged IT, Azure and cybersecurity team added to CloudFirst, bringing a formal service desk offering | Add-on | IT Services & MSP | Source |
| Aug 2026 | Thought LogicTechnology consultancy backed since 2020, recapitalized by Braemont Capital | Exit | IT Services & MSP | Source |
| Jul 2026 | Intelligo PartnersToronto investment technology consultancy added to F2 Strategy | Add-on | IT Services & MSP | Source |
| Jul 2026 | FX2 VirtualVirtual sales and patient access support agency for drug makers added to TJP | Add-on | Healthcare Services | Source |
| Jun 2026 | Stonewall SolutionsState and local government technology provider in Massachusetts and Rhode Island added to xFact | Add-on | IT Services & MSP | Source |
| Jun 2026 | Net NativesEnrollment marketing agency added to EducationDynamics | Add-on | Education | Source |
| Apr 2026 | Chant Healthcare (Compassion Home Care and Sans Bois Hospice)Oklahoma home health and hospice provider added to Superior Health Holdings; its management team stays | Add-on | Healthcare Services | Source |
| Apr 2026 | MeradiaInvestment operations and technology consultancy, F2 Strategy's sixth and largest acquisition | Add-on | Accounting & Professional Services | Source |
| Feb 2026 | Incite AnalyticsMichigan data analytics consultancy added to Definian | Add-on | IT Services & MSP | Source |
| Feb 2026 | CFO's DomainLos Angeles finance consulting and recruiting firm added to SolomonEdwards | Add-on | Accounting & Professional Services | Source |
| Feb 2026 | Pulse Home Health and HospiceLouisiana home health and hospice provider added to Superior Health Holdings | Add-on | Healthcare Services | Source |
| Jan 2026 | Design ScienceMedical device usability engineering consultancy added to BlueRidge Life Sciences | Add-on | Healthcare Services | Source |
| Jan 2026 | Pillr HealthPharmacy optimization platform backed since 2019, sold to Water Street Healthcare Partners | Exit | Healthcare Services | Source |
| Jan 2026 | Autism ETCAutism therapy provider with five clinics in Tennessee and Arizona joins Behavioral Framework | Add-on | Healthcare Services | Source |
| Dec 2025 | Veterans EngineeringFederal IT, cyber and cloud contractor serving Veterans Affairs, added to Aretum | Add-on | IT Services & MSP | Source |
| Nov 2025 | K2 Services, Epiq GBTS and Forrest SolutionsThree outsourced services firms for law and professional firms combined; launched as Opensity Solutions in February 2026 | Platform | Accounting & Professional Services | Source |
| Sep 2025 | CloudFirstCloud hosting and IT provider acquired by Renovus-backed MSP Performive | Add-on | IT Services & MSP | Source |
| Jul 2025 | DataServ and xFactManaged IT provider DataServ combined with public sector IT consultancy xFact | Add-on | IT Services & MSP | Source |
| Jun 2025 | HarborMajority stake in the legal consulting and technology firm sold to BayPine; Renovus stays a significant investor | Exit | Accounting & Professional Services | Source |
| Jan 2025 | Superior Health HoldingsLouisiana home health and hospice provider | Platform | Healthcare Services | Source |
| Nov 2024 | PerformiveMajority investment in a managed services provider focused on cloud, infrastructure and cybersecurity | Platform | IT Services & MSP | Source |
Portfolio by sector
From the firm's portfolio page S3.
Education
- Education Dynamics
- Northbridge University
- Phoenix East Aviation
- The Ariel Group
Education, Healthcare Services
- Clinical Education Alliance
- Family of Kidz
Healthcare Services
- Aspire Home Health
- Behavioral Framework
- BlueRidge Life Sciences
- Collage Rehabilitation Partners
- Eosis
- SendingCell
- Superior Health Holdings
- TJP Agency
- Woven Health Collective
Healthcare Services, Education
- Great Lakes Institute of Technology
Healthcare Services, Technology Services
- Futura Mobility
Professional Services
- Angeion Group
- Aretum
- Deep Water Point & Associates
- F2 Strategy
- Harbor
- Opensity Solutions
- QualX
- SolomonEdwards
RCap Equity
- Douglas-Guardian
- Education and Training Resources
- Endeavour Solutions
- MES
- Northeast Contracting Corp.
- TriStar Event Media
Technology Services
- CloudFirst
- Definian
- Iron Mountain Solutions
- Lockstep
- ProfitOptics
- Resultant
- xFact
Greymont’s take
How Renovus Capital Partners fits a seller
Renovus suits founders of service businesses that run on skilled people: managed IT and cybersecurity providers, government IT contractors, home health and therapy providers, schools and training companies, and specialist consultancies. Most of its deals are a company's first institutional capital, so it is used to owners who have never sold before. It leans hard on add-ons: the managed IT platform it started with Performive in November 2024 has since bought CloudFirst and the Forvis Mazars IT practice, and F2 Strategy has made at least eight acquisitions since 2023.
A sale usually means Renovus takes control while the current leaders keep running the company, as Chant Healthcare's management did in April 2026. It also recruits outside executives, more than 50 so far by its count. Owners should ask whether they will keep the top job and how Renovus expects to exit, since recent sales went to other private equity firms such as Water Street and Braemont.
Questions owners ask
Does Renovus buy managed IT service providers?
Yes. Technology services is one of its four sectors, with managed services and security on its list. It took a majority stake in MSP Performive in November 2024, that platform bought CloudFirst in 2025, and in September 2026 CloudFirst added the IT and cyber managed services practice of Forvis Mazars.
How big does a company need to be for Renovus?
For a new platform it targets at least $3 million of EBITDA and an enterprise value between $10 million and $200 million. Smaller companies usually join as add-ons, such as the Autism ETC clinics that joined Behavioral Framework in January 2026.
Does Renovus back government IT contractors?
Yes. Its Aretum platform serves federal agencies and added Veterans Engineering in December 2025, while xFact, which works for state and local governments, combined with DataServ in July 2025 and bought Stonewall Solutions in June 2026.
Will Renovus invest in a company that has never had outside investors?
That is its usual case. Renovus says more than 85% of its investments were the company's first institutional capital, and it mainly partners with founder-led businesses.
Sources
- S1Renovus Capital Partners home page Accessed October 26, 2026
- S2Renovus: About Us (industry focus and investment criteria) Accessed October 26, 2026
- S3Renovus: Portfolio Accessed October 26, 2026
- S4Renovus Announces Close of Fourth Private Equity Fund at $875 Million (October 8, 2024) Accessed October 26, 2026
- S5Renovus: News & Insights Accessed October 26, 2026
- S6Renovus Announces Majority Investment in Performive (November 4, 2024) Accessed October 26, 2026
- S7Performive and CloudFirst Join Forces (September 16, 2025) Accessed October 26, 2026
- S8CloudFirst Acquires Forvis Mazars IT and Cyber Managed Services Practice (September 23, 2026) Accessed October 26, 2026
- S9Renovus: CloudFirst company page (Fund IV, active) Accessed October 26, 2026
- S10F2 Strategy Acquires Meradia (April 21, 2026) Accessed October 26, 2026
- S11Superior Health Holdings Acquires Compassion Homecare and Sans Bois Hospice (April 27, 2026) Accessed October 26, 2026
- S12Renovus Announces Sale of Pillr Health (January 20, 2026) Accessed October 26, 2026
- S13Renovus Exits Thought Logic Following Sale to Braemont Capital (August 13, 2026) Accessed October 26, 2026
- S14Renovus: Northeast Contracting Corp. company page (RCap Equity) 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 Renovus Capital Partners. Figures are as reported on the dates shown and may have changed. Request a correction