Lower middle market private equity firm
Sallyport Investments
- HeadquartersHouston, TX S1
- Founded2012 S1
- Websitesallyportinvestments.com
- Last verifiedNovember 2, 2026
At a glance
| Latest fund | Sallyport Partners Fund, $160M (Jan 2025) S5 |
|---|---|
| EBITDA range | $5M+ S3 |
| Check size | $10M to $20M S3 |
| Deal types | Platform, Growth S3 |
| Sectors | Construction Services, Transportation & Logistics, Industrial & Manufacturing |
What Sallyport Investments buys
Sallyport is a Houston private equity firm that grew out of the Foshee family office, which made direct investments for more than a decade before the team raised outside money. Its first fund, Sallyport Partners Fund, closed in January 2025 with $160 million of commitments, above its $150 million target. The fund looks for companies with at least $5 million of EBITDA and $25 million of enterprise value, and it writes equity checks of $10 million to $20 million, with co-investors able to add more.
The firm calls itself opportunistic. It backs founder and family-owned businesses, corporate carve-outs and companies it starts from scratch, across specialty finance, infrastructure and energy services, logistics, manufacturing, staffing and technology. Deals can be buyouts, recapitalizations, growth capital or succession plans, funded with common, preferred or structured equity. Its fund holdings are two specialty finance companies, Advanced Spirits and Elevex Capital, and Submar, a Louisiana pipeline erosion business that in September 2026 became the first company in Truss Infrastructure Services, a new Sallyport platform built to buy more infrastructure service firms.
Recent deals
Announced in the 24 months before November 2, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Sep 2026 | Truss Infrastructure ServicesNew Houston platform to buy specialized infrastructure service businesses, led by former Remote Operations Center CEO Louis Krannich; Submar is its first company | Platform | Construction Services | Source |
| Jul 2026 | SubmarThibodaux, LA pipeline erosion remediation company founded in 1983; third platform in Sallyport Partners Fund, with existing management staying on | Platform | Construction Services | Source |
| Mar 2026 | BancLeasingOutsourced equipment leasing provider for community banks added to Elevex Capital, roughly doubling its managed assets | Add-on | Source | |
| Jan 2025 | Elevex CapitalCommercial equipment finance company in Westlake, OH, started from scratch with Sallyport backing and launched publicly | Platform | Source | |
| Jan 2025 | Sallyport Partners FundFirst fund closed at $160 million, above its $150 million target | Fund close | Source |
Portfolio by sector
From the firm's portfolio page S4.
Family Office Portfolio
- Clip Money
- EnGoPlanet
- Guardhat
- Persefoni
- Tally
- TD Williamson
- Tiff's Treats
- Validere
- VRGL
- Workrise
Sallyport Partners Fund
- Submar (part of Truss Infrastructure Services)
- Elevex Capital
- Advanced Spirits
Past investments: Navitas, RSL, Remote Operations Center, Sallyport Commercial Finance
Greymont’s take
How Sallyport Investments fits a seller
Sallyport fits owners of energy, pipeline and infrastructure service businesses, and founders of specialty finance companies, who want a buyer that knows their industry from the inside. Its chairman ran El Paso Corporation, its partners came from Blackstone, Goldman Sachs and Houston private equity, and the firm says 96% of the deals it closed as a family office came from its own relationships. In the Submar deal, the president and existing management team stayed in charge.
Owners in infrastructure services should know that Submar now sits inside Truss, a group run by a CEO Sallyport picked, so a sale may mean joining that group rather than standing alone. Because the fund is $160 million and checks top out around $20 million, owners should ask how much capital is left for new platforms and add-ons, and whether co-investors would join a larger deal.
Questions owners ask
How big are Sallyport's investments?
Its strategy page targets equity investments of $10 million to $20 million, not counting co-investors, in companies with at least $5 million of EBITDA and at least $25 million of enterprise value.
Is Sallyport a family office or a private equity fund?
Both, in sequence. It ran for more than ten years as the Foshee family's single-family office, then formed Sallyport Partners Fund in 2023 and closed it at $160 million in January 2025 with outside investors.
What kinds of deals does Sallyport do?
Its listed transaction types are buyouts, growth capital, equity recapitalizations, succession planning and corporate carve-outs. It also starts companies from scratch, as it did with Elevex Capital, an equipment finance business launched in January 2025.
What happened to Submar after Sallyport invested?
In September 2026 Sallyport launched Truss Infrastructure Services under CEO Louis Krannich, and Submar became its first company. Submar's president remains with the business, and Truss plans to add more infrastructure service companies.
Sources
- S1Sallyport home page Accessed November 2, 2026
- S2Sallyport: About Us Accessed November 2, 2026
- S3Sallyport: Strategy and Investment Criteria Accessed November 2, 2026
- S4Sallyport: Investments Accessed November 2, 2026
- S5Sallyport Exceeds Target for Inaugural Private Equity Fund, Raising $160 Million, PR Newswire (January 13, 2025) Accessed November 2, 2026
- S6Sallyport Announces Investment in Submar, PR Newswire (July 8, 2026) Accessed November 2, 2026
- S7Sallyport Reunites with Louis Krannich to Launch Truss, PR Newswire (September 9, 2026) Accessed November 2, 2026
- S8Elevex Capital Launches Commercial Equipment Financing Solutions, PR Newswire (January 29, 2025) Accessed November 2, 2026
- S9Elevex Capital Acquires BancLeasing (March 30, 2026) Accessed November 2, 2026
- S10Sallyport investment page: Submar Accessed November 2, 2026
- S11Sallyport investment page: Elevex Capital Accessed November 2, 2026
- S12Sallyport investment page: Advanced Spirits Accessed November 2, 2026
- S13Sallyport: News Accessed November 2, 2026
- S14Sallyport: News, page 2 Accessed November 2, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Sallyport Investments. Figures are as reported on the dates shown and may have changed. Request a correction