Long-term small business investor with permanent funds

Saturn Five

  • HeadquartersDenver, CO S4
  • Founded2017 S1
  • Websitesaturnfive.com
  • Last verifiedNovember 3, 2026

At a glance

Assets under management$450M (as of 2025) S5
Latest fundSaturn Five Next Frontier, $191M S4
EBITDA range$2M to $10M S4
Deal typesPlatform S4
GeographyUnited States S1
SectorsHVAC, Plumbing & Electrical, Construction Services, Landscaping, Consumer & Food, Environmental & Waste

What Saturn Five buys

Saturn Five is a Denver investment firm, started in 2017, that buys owner-operated Main Street companies and keeps them. It searches for $2 million to $10 million of annual EBITDA, with most of its attention on the lower half of that range, and says it will do more deals of that size rather than bigger ones as its funds grow. Most holdings are blue-collar services: electrical, plumbing and HVAC contractors, concrete and excavation, landscaping, garden centers, outdoor adventure outfitters and a children's meal caterer. In March 2026 it added an Illinois environmental remediation and abatement contractor.

The firm takes controlling interests through its funds, the newest being the $191 million Next Frontier. Those funds have no end date, so no sale is built into the plan, and investors are paid from company cash flow. It controls more than two dozen companies, about a third of them outside Colorado, and expected six to eight acquisitions in 2026. It does not describe an add-on program, so a company below the $2 million floor is likely outside its search.

Recent deals

Announced in the 24 months before November 3, 2026.

DateCompanyTypeSectorSource
August 2026CPR ElectricPhoenix commercial and industrial electrical contractor, bought through Next FrontierPlatformHVAC, Plumbing & ElectricalSource
March 2026Rapid WireArvada, Colorado underground utility and directional drilling contractor, bought through Next FrontierPlatformConstruction ServicesSource
March 2026Environmental remediation contractor (Des Plaines, IL)Licensed remediation, asbestos abatement, hazardous waste removal and demolition contractor, bought through Next FrontierPlatformEnvironmental & WasteSource
February 2026Saturn Five Next Frontier$191 million of commitments against a $150 million target, reported in the February 2026 annual letterFund closeSource
November 2025Grand AdventuresGrand County, Colorado snowmobile, off-road and rafting operator, its fourth outdoor adventure companyPlatformConsumer & FoodSource
August 2025Schmidt ConstructionUnderground wet utility contractor in Idaho's Treasure Valley; the owner stays on to run itPlatformConstruction ServicesSource
July 2025Colorado Sheet Metal (CSM)Colorado Springs commercial HVAC installer; the owner stays on to run itPlatformHVAC, Plumbing & ElectricalSource
February 2025Delicious UnlimitedGurnee, Illinois maker of meals for daycares, bought from the late founder's trust; first Next Frontier investmentPlatformConsumer & FoodSource
January 2025Flamingo Road NurseryDavie, Florida garden center, bought through the Frontier fundPlatformConsumer & FoodSource
December 2024Collins Land ServicesFlorida roadside vegetation and maintenance contractor for state and federal agencies, bought through the Frontier fundPlatformLandscapingSource

Portfolio by sector

From the firm's portfolio page S3.

Saturn Five Alpha LLC

  • Columbine Hills Construction
  • Enviroscapes
  • Highlands Landscaping
  • The Gas Connection

Saturn Five Alpha LLC and Frontier

  • The Good Earth Garden Center
  • Landtech Contractors
  • Redeker Excavating
  • Sage Outdoor Adventures

Saturn Five Frontier

  • Bestway Transportation
  • Central Electric
  • Collins Land Services
  • ColoradoCrete
  • Flamingo Road Nursery
  • Good Times Adventures
  • Gregory Electric
  • Magic Plumbing
  • NuAge Builders
  • Premier EuroCase

Saturn Five LLC

  • All Demolition
  • Concrete Curb & Paving

Saturn Five Next Frontier

  • Colorado Sheet Metal (CSM)
  • CPR Electric
  • Delicious Unlimited
  • Environmental remediation contractor (Des Plaines, IL)
  • Grand Adventures
  • Rapid Wire
  • Schmidt Construction

Saturn Five Opportunity Fund

  • Noah's Ark

Greymont’s take

How Saturn Five fits a seller

Saturn Five suits the owner of a steady, cash-generating trade or service business who cares who takes over and does not want the company resold in a few years. Owners often stay involved: each living owner who sold to Next Frontier in 2025 agreed to run the company for several more years, and the firm likes sellers to keep some equity, though it says staying is not a requirement.

The long hold is not a guarantee. Its February 2026 letter says some companies struggled after the owner left, and that in the past year it sold one company at a loss and closed another. The firm also pays investors quarterly from company cash after debt service. An owner should ask how much debt the company will carry, who would run it after the handover, and how any equity the owner keeps can eventually be sold.

Questions owners ask

Is Saturn Five a private equity firm?

It raises funds and buys controlling stakes, but its co-founder says he is uncomfortable with that label. Its funds have no fixed end date, and it plans to hold companies rather than sell them on a timeline.

What size company does Saturn Five buy?

Its February 2026 letter says it is looking for annual EBITDA of $2 million to $10 million, with an emphasis on the lower half, even though its newest fund is larger.

Does Saturn Five own any environmental services companies?

Yes. Its portfolio page lists a Des Plaines, Illinois contractor for environmental remediation, asbestos abatement and hazardous waste removal, bought in March 2026 through the Next Frontier fund.

Does the owner stay on after selling to Saturn Five?

Often, though it is not required. The firm says the living owners behind its 2025 Next Frontier purchases all agreed to keep running their companies for several years as partners.

Sources

  1. S1Saturn Five home page Accessed November 3, 2026
  2. S2Saturn Five: About Accessed November 3, 2026
  3. S3Saturn Five: Portfolio Accessed November 3, 2026
  4. S4Saturn Five 2026 annual letter: Spaghetti for Breakfast (February 2026) Accessed November 3, 2026
  5. S5Saturn Five 2025 annual letter: Being "A Company" Accessed November 3, 2026
  6. S6Saturn Five 2024 annual letter: An Introduction Accessed November 3, 2026
  7. S7Saturn Five: Annual Letter Archive Accessed November 3, 2026
  8. S8Collins Land Services home page 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 Saturn Five. Figures are as reported on the dates shown and may have changed. Request a correction

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