Non-control junior capital investor (subordinated debt and equity)
Seacoast Capital
- HeadquartersDanvers, MA S1
- Founded1994 S3
- Websiteseacoastcapital.com
- Last verifiedOctober 26, 2026
At a glance
| Latest fund | Seacoast Capital Partners V, $280M (August 2023) S9 |
|---|---|
| EBITDA range | $2M+ S4 |
| Revenue range | $10M+ S4 |
| Check size | $5M to $30M S4 |
| Deal types | Minority, Growth S2 |
| Geography | United States S4 |
| Sectors | Landscaping, Industrial & Manufacturing, Healthcare Services, Education, Consumer & Food, Transportation & Logistics, IT Services & MSP |
What Seacoast Capital buys
Seacoast Capital, founded in 1994 and based north of Boston with a second office in San Francisco, does not buy companies. It supplies junior capital, a blend of subordinated debt, preferred equity and common equity or warrants, to owners and managers of established lower middle market businesses who want to stay in charge. The money typically pays for growth, an acquisition, buying out a partner or relative, refinancing, or a dividend to the owners without a sale. It says it has put more than $1 billion into over 90 companies across five funds, the latest a $280 million fund.
Most deals call for $5 million to $30 million, in companies with revenue above $10 million, EBITDA above $2 million, at least five to ten years of history and modest senior debt. Seacoast is open to most industries but has leaned toward specialty manufacturing, distribution, commercial and consumer services, logistics, environmental services, health and wellness, and consumer businesses. Lately most of its deals have backed independent sponsors and smaller buyout firms that are buying or recapitalizing a company.
Recent deals
Announced in the 24 months before October 26, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Oct 2026 | Bus Services, Inc. (BSI)Subordinated debt and preferred equity for a recapitalization and acquisition at the ADA bus and van dealer, which Timmerman Capital majority owns | Minority | Source | |
| Sep 2026 | NE Landscape HoldingSubordinated debt and preferred equity to recapitalize Anvil Capital's Boston-area landscaping group and buy out some shareholders | Minority | Landscaping | Source |
| Aug 2026 | AaristaSubordinated debt to refinance existing loans at the senior primary care platform in Bellingham, Washington | Investment | Healthcare Services | Source |
| Apr 2026 | Museum of Illusions GroupUnitranche debt and an equity co-investment backing Brightwood Capital's purchase of the attractions chain | Minority | Consumer & Food | Source |
| Jan 2026 | Stellar EducationUnitranche debt and an equity co-investment for ECY Partners' first early childhood center purchase in Massachusetts, giving the founders liquidity | Minority | Education | Source |
| Oct 2025 | Serpico LandscapingRedeemable preferred stock to fund Integrity Landscape's purchase of the Bay Area HOA landscaper | Add-on | Landscaping | Source |
| Sep 2025 | Mail AmericaSubordinated debt and an equity co-investment in Wildwood Capital's recapitalization of the direct mail firm, buying out founding shareholders | Minority | Source | |
| Feb 2025 | Superior Fruit EquipmentUnitranche debt and preferred equity alongside Bochi Investments for the pruning tool and harvest equipment maker | Minority | Industrial & Manufacturing | Source |
| Jan 2025 | Cadillac ServicesUnitranche debt and preferred equity in Thesis Capital's recapitalization of the Puerto Rico uniform rental and laundry provider | Minority | Source |
Portfolio by sector
From the firm's portfolio page S8.
Commercial & Consumer Services
- Cadillac Services Current
- Focus Technology Solutions Current
- Groome Industrial Service Group Current
- Mail America Current
- NE Landscape Holding Current
- Stellar Education Current
Consumer
- Museum of Illusions Current
Consumer & Food
- Fitness Holdings North America Current
Education
- Avenger Flight Group Current
Health & Wellness
- Aarista Current
Healthcare Services
- SkinCure Oncology Current
Industrial & Manufacturing
- The WING Group Current
Landscaping
- CityLeaf Current
Specialty Manufacturing
- BSI Current
- Diamond R Industries Current
- Superior Fruit Equipment Current
Transportation & Logistics
- Deliver-iT Overnite Current
Greymont’s take
How Seacoast Capital fits a seller
Seacoast fits an owner who wants cash or growth money without giving up control. Its capital can fund an acquisition, buy out a partner, or pay the owner a dividend while the family keeps the majority. The trade-off is cost: Seacoast aims for a current yield of at least 8% on its money plus some equity upside, and it is usually repaid or bought out at a negotiated value after five to seven years.
In practice, most of its 2025 and 2026 deals sat alongside a sponsor that owns or was buying the company, such as Timmerman Capital, BSI's majority owner, and Brightwood Capital at Museum of Illusions. So an owner selling to a small buyout firm may meet Seacoast as that buyer's financing partner. Questions to ask: how the deal splits between debt and equity, what the yield and maturity are, and what Seacoast can do if results fall short of plan.
Questions owners ask
Will Seacoast Capital buy my company?
No. Seacoast says plainly that it does not buy companies. It provides non-control capital, usually a mix of debt and equity, to owners and managers who want to keep running and owning the business.
What size company does Seacoast invest in?
Its criteria call for revenue above $10 million, EBITDA above $2 million and total leverage of no more than 4.0 times including its own capital. Most investments fall between $5 million and $30 million, and it can bring co-investors for larger needs.
Does Seacoast take equity or only lend?
Both. In 2026 it paired subordinated debt with preferred equity for BSI and NE Landscape Holding, and paired unitranche debt with an equity co-investment for Stellar Education and Museum of Illusions. Its August 2026 Aarista deal was subordinated debt only.
Has Seacoast backed landscaping or IT services companies?
Yes. It recapitalized NE Landscape Holding in September 2026, funded Integrity Landscape's purchase of Serpico Landscaping in October 2025, and financed the November 2023 management buyout of managed IT provider Focus Technology Solutions.
Sources
- S1Seacoast Capital home page (offices) Accessed October 26, 2026
- S2Seacoast Capital: Who We Are Accessed October 26, 2026
- S3Seacoast Capital: History (funds I to V) Accessed October 26, 2026
- S4Seacoast Capital: Investment Criteria Accessed October 26, 2026
- S5Seacoast Capital: What We Do (securities and yield) Accessed October 26, 2026
- S6Seacoast Capital: Industries We Target Accessed October 26, 2026
- S7Seacoast Capital: What We Look For Accessed October 26, 2026
- S8Seacoast Capital: Our Portfolio (Current Investments filter) Accessed October 26, 2026
- S9Seacoast Announces Investment in Focus Technology Solutions, Fund V Closing (November 29, 2023) Accessed October 26, 2026
- S10Seacoast Announces Investment in Bus Service, Inc. (October 6, 2026) Accessed October 26, 2026
- S11Seacoast Announces Investment in NE Landscape Holding (September 2, 2026) Accessed October 26, 2026
- S12Seacoast Announces Investment in Museum of Illusions Group (April 15, 2026) Accessed October 26, 2026
- S13Seacoast Capital: How We Help Accessed October 26, 2026
- S14Seacoast Capital: News 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 Seacoast Capital. Figures are as reported on the dates shown and may have changed. Request a correction