Lower middle market private equity firm

Reynolda Equity Partners

Formerly Five Points Capital

At a glance

EBITDA range$2M to $8M S3
Deal typesPlatform, Add-on S3
SectorsEnvironmental & Waste, Healthcare Services, Dental, Industrial & Manufacturing, Landscaping, Cybersecurity

What Reynolda Equity Partners buys

Reynolda Equity Partners is a Winston-Salem, North Carolina firm, founded in 1997, that aims to be the first institutional investor in founder and family businesses. It looks for companies with $2 million to $8 million of EBITDA and enterprise values of $20 million to $100 million. It also sets rough margin targets of about 30 percent gross and 15 percent EBITDA, and it wants owners and managers to roll over a meaningful stake. Its three focus areas are healthcare, commercial and industrial services, and business services, with recurring or repeat revenue preferred.

Deals are usually owner recapitalizations, management buyouts, add-ons or corporate carve-outs. The firm reports more than $817 million of commitments across five funds, and Southeastern Pond Management, bought in 2026, was the third investment from the fifth. A smaller company is most likely to meet Reynolda as an add-on to a platform such as Carlton Industrial Solutions (scale service), Specialty Appliances (orthodontic labs) or Conquest Research (clinical trial sites).

Recent deals

Announced in the 24 months before November 4, 2026.

DateCompanyTypeSectorSource
October 2026American Scale & Equipment and Carolina ScalesTwo scale service companies added to Carlton Industrial Solutions, closed in June and September 2026Add-onIndustrial & ManufacturingSource
Jul 2026Southeastern Pond ManagementFounder recapitalization of a lake and pond management company in Calera, Alabama; third deal from the fifth fundPlatformEnvironmental & WasteSource
December 2025Orthodent LaboratoryDigital orthodontics lab added to Specialty Appliances, extending it into New YorkAdd-onDentalSource
December 2025NeuroTrials ResearchAtlanta clinical research center added to Conquest ResearchAdd-onHealthcare ServicesSource
October 2025InTech Scientific SolutionsLab instrument repair business added to Analytical Technologies GroupAdd-onHealthcare ServicesSource
September 2025North American Lawn & LandscapeCommercial landscaping company in the Carolinas and Georgia, bought with its CEO and management teamPlatformLandscapingSource
August 2025Brewer Dental LaboratoryTulsa dental lab added to Specialty AppliancesAdd-onDentalSource
June 2025South Florida Dental Implant & Facial Surgery CenterFort Lauderdale oral surgery practice affiliated with Flagship Specialty PartnersAdd-onDentalSource
April 2025Sana ResearchArlington, Virginia clinical trial site added to Conquest ResearchAdd-onHealthcare ServicesSource
March 2025Sunbelt Medical FinancialInternational claims collection business added to Unified Health ServicesAdd-onHealthcare ServicesSource
February 2025Toledo CarolinaScale repair and distribution business added to Carlton Industrial SolutionsAdd-onIndustrial & ManufacturingSource
December 2024AAA Scale CompanyEastern North Carolina scale service business added to Carlton Industrial SolutionsAdd-onIndustrial & ManufacturingSource
December 2024International Dental ArtsDental lab added to Specialty AppliancesAdd-onDentalSource

Portfolio by sector

From the firm's portfolio page S4.

Cybersecurity

  • GrammaTech

Dental

  • Flagship Specialty Partners
  • Specialty Appliances

Environmental & Waste

  • Southeastern Pond Management

Healthcare Services

  • Analytical Technologies Group
  • Conquest Research
  • Unified Health Services

Industrial & Manufacturing

  • Carlton Industrial Solutions

Landscaping

  • North American Lawn & Landscape

Past investments: Thompson Industrial Services, Synoptek, Quick Med Claims, OutSolve, TPT Solutions / TransGo, JML Optical Industries, Fire & Life Safety America, Alzheimer's Research and Treatment Center

Greymont’s take

How Reynolda Equity Partners fits a seller

Reynolda suits a founder who has never taken outside money and wants to sell a large stake while keeping some ownership. Rollover is part of its stated criteria, so expect to keep a meaningful piece. Long-time owners have tended to stay connected: the founder of Southeastern Pond said he would work alongside the firm, and the 2026 Carlton add-ons were done in partnership with their owners.

The Southeastern Pond deal also shows a pattern worth asking about. An industry operator brought the company to Reynolda as an independent sponsor and became CEO at closing, so owners should ask who will run the business after the sale. With a target of about 15 percent EBITDA margin, lower margin businesses should ask early whether they fit. Owners of route-based outdoor services can look at North American Lawn & Landscape and Southeastern Pond as recent examples.

Questions owners ask

Does Reynolda Equity Partners own environmental services companies?

Yes. In 2026 it recapitalized Southeastern Pond Management of Calera, Alabama, which provides water quality, fisheries, aquatic weed control and aeration services for lakes and ponds. Its past holdings also include Advanced Disposal Services and Thompson Industrial Services, both now exited.

What size company does Reynolda invest in?

Its criteria call for $2 million to $8 million of EBITDA and enterprise values of $20 million to $100 million, with gross margins near 30 percent and EBITDA margins near 15 percent.

Is Reynolda the same firm as Five Points Capital?

The equity team used the Five Points name until October 2022, when it rebranded as Reynolda. Five Points Capital remains the brand for the credit strategy, and Reynolda is a brand of Five Points Capital LLC.

Do owners keep a stake after Reynolda invests?

Usually, yes. Its criteria ask for a meaningful rollover from owners or management, and it describes deals such as the July 2026 Southeastern Pond recapitalization as partnerships with the founder and management team.

Sources

  1. S1Reynolda Equity Partners home page Accessed November 4, 2026
  2. S2Reynolda Equity Partners: Why Reynolda Accessed November 4, 2026
  3. S3Reynolda Equity Partners: Strategy and Criteria Accessed November 4, 2026
  4. S4Reynolda Equity Partners: Portfolio Accessed November 4, 2026
  5. S5Reynolda Equity Partners: News Accessed November 4, 2026
  6. S6Reynolda Equity Partners Acquires Southeastern Pond Management (July 14, 2026) Accessed November 4, 2026
  7. S7Carlton Industrial Solutions Acquires American Scale & Equipment and Carolina Scales (October 2026) Accessed November 4, 2026
  8. S8Five Points Capital Equity Strategy Announces Re-brand to Reynolda Equity Partners (October 2022) Accessed November 4, 2026
  9. S9Reynolda Equity Partners: Southeastern Pond Management Accessed November 4, 2026
  10. S10Reynolda Equity Partners Acquires North American Lawn & Landscape (September 2025) Accessed November 4, 2026

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

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