Lower middle market private equity and private credit firm

White Wolf Capital Group

At a glance

Assets under management$600M (as of Mar 2026) S1
EBITDA range$1M to $15M S2
Revenue range$10M to $150M S2
Deal typesPlatform, Add-on S2
GeographyUnited States, Canada S2
SectorsHVAC, Plumbing & Electrical, Construction Services, Industrial & Manufacturing, Distribution, Accounting & Professional Services

What White Wolf Capital Group buys

White Wolf Capital Group is a Miami firm, founded in 2011, that invests only in the lower middle market and managed about $600 million as of March 2026. Its private equity arm buys companies with $10 million to $150 million of revenue and $1 million to $15 million of EBITDA, in deals worth up to $100 million, in the U.S. and Canada. Target fields include aerospace and defense, government services, engineering and infrastructure services, critical power, fire and safety, security, industrial services, business services and technical staffing. It prefers majority stakes and likes sellers who keep a real share.

White Wolf grows its companies by buying more companies. Seacoast Service Partners, its Florida HVAC and plumbing platform, has made 15 acquisitions since 2023, and CEIS has added four energy infrastructure service firms. A separate hybrid capital arm provides debt and preferred equity to independent sponsors, as it did for AccuCast in May 2026, and the firm also commits money to other small funds. For a smaller owner, the usual route is selling into one of its platforms, such as Seacoast, as a follow-on purchase.

Recent deals

Announced in the 24 months before October 29, 2026.

DateCompanyTypeSectorSource
Jun 2026One Tech Engineering & PowerMinnesota utility field services and engineering consulting firm added to CEISAdd-onConstruction ServicesSource
May 2026AccuCastDebt and preferred equity from White Wolf Hybrid Capital for independent sponsor Investly Capital's purchase of the Texas waterworks products supplierInvestmentDistributionSource
Apr 2026Von Aire Air Conditioning & HeatingFamily-owned HVAC contractor in Holly Hill, Florida, founded in 1968; Seacoast Service Partners' fifteenth acquisitionAdd-onHVAC, Plumbing & ElectricalSource
Dec 2025Cool By DesignBroward County residential HVAC company added to Seacoast Service PartnersAdd-onHVAC, Plumbing & ElectricalSource
Nov 2025Always Air ServicesSouthwest Florida HVAC provider added to Seacoast Service PartnersAdd-onHVAC, Plumbing & ElectricalSource
Jun 2025DCCMInfrastructure engineering platform sold to Court Square Capital Partners after a partnership that began in January 2021ExitConstruction ServicesSource
Jun 2025Miller RefrigerationSarasota commercial refrigeration service company added to Seacoast Service PartnersAdd-onHVAC, Plumbing & ElectricalSource
Apr 2025GP PlumbingCape Coral plumbing company added to Seacoast Service PartnersAdd-onHVAC, Plumbing & ElectricalSource
Mar 2025Quality First Air ConditioningResidential HVAC company serving southern Palm Beach and northern Broward counties, added to Seacoast Service PartnersAdd-onHVAC, Plumbing & ElectricalSource
Dec 2024North County CoolingPalm Beach County residential HVAC company added to Seacoast Service PartnersAdd-onHVAC, Plumbing & ElectricalSource
Nov 2024Comfort ZonePalm Beach County residential HVAC company added to Seacoast Service PartnersAdd-onHVAC, Plumbing & ElectricalSource
Nov 2024The Norlee GroupElectrical and specialty services platform sold to Heartwood Partners after a partnership that began in July 2021ExitHVAC, Plumbing & ElectricalSource

Portfolio by sector

From the firm's portfolio page S4.

Corporate Private Equity

  • Seacoast Service Partners
  • CEIS
  • Delva Tool & Machine
  • Consulting Solutions
  • JS Global
  • Magenta
  • NSC Technologies
  • Weatherhaven

Flexible Capital Solutions

  • AccuCast
  • Stryker Electric
  • Wyoming Corporate Services

Past investments: Aero Precision, DCCM, THD, NMR, The Norlee Group

Greymont’s take

How White Wolf Capital Group fits a seller

White Wolf fits owners of service and niche industrial businesses who want a partner that will keep buying companies around them. Its Florida HVAC and plumbing platform shows how that works for a small shop: Von Aire, a family business founded in 1968, joined Seacoast in April 2026 as its fifteenth add-on. Founders who sell a platform should expect White Wolf to ask them to keep a meaningful stake, since the firm says it prefers sellers who stay invested.

White Wolf is a fund manager that does sell: it exited The Norlee Group in 2024 and DCCM in 2025, roughly three to five years after investing. An owner should ask how long White Wolf expects to hold the business, and whether the money would come from its private equity side or its hybrid capital arm, which backs independent sponsors with debt and preferred equity rather than owning the company itself.

Questions owners ask

What size company does White Wolf invest in?

Its private equity criteria call for $10 million to $150 million of revenue, $1 million to $15 million of EBITDA and a total deal value of up to $100 million, for companies in the U.S. or Canada.

Does White Wolf buy HVAC and plumbing companies?

Yes. Its Seacoast Service Partners platform, formed in 2023, has bought 15 Florida HVAC, plumbing and refrigeration businesses, most recently Von Aire Air Conditioning & Heating in April 2026.

Will the owner keep a stake after White Wolf invests?

Usually. White Wolf says it prefers deals where the seller keeps a meaningful equity stake, so owners and key managers share in the gains alongside the firm.

Does White Wolf only do buyouts?

No. Besides private equity buyouts, it provides debt and preferred equity to independent sponsors through its hybrid capital arm, and it commits money to other lower middle market funds, including SBIC funds.

Sources

  1. S1White Wolf Capital Group home page (founded 2011, AUM about $600 million as of March 31, 2026) Accessed October 29, 2026
  2. S2White Wolf: Equity strategy and investment criteria Accessed October 29, 2026
  3. S3White Wolf: Credit (Flexible Capital Solutions) criteria Accessed October 29, 2026
  4. S4White Wolf: Investments (portfolio by strategy and status) Accessed October 29, 2026
  5. S5White Wolf: News & Media Accessed October 29, 2026
  6. S6Seacoast Service Partners Acquires Von Aire Air Conditioning & Heating (April 14, 2026) Accessed October 29, 2026
  7. S7White Wolf Capital Group Announces Sale of DCCM (June 25, 2025) Accessed October 29, 2026
  8. S8White Wolf Announces Darren Blue as CEO of JS Global (April 6, 2026) Accessed October 29, 2026
  9. S9White Wolf: Funds (private fund investing) Accessed October 29, 2026

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

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