Investments

Sier Capital Partners, led by seasoned sponsor Kevin Ramsier, recently closed a majority investment in Maspeth Supply, a 40-year-old provider of water main replacement, sewer repair, storm sewer construction, utility work, and street paving across New York City. Operating in an essential, regulation-driven industry with strong long-term infrastructure tailwinds, Maspeth Supply brings a history of consistent profitability, a record-high backlog, and a newly appointed CEO who previously helped scale the company’s largest competitor.

Jeff Reamer and Madden Media have completed the acquisition of Karsh Hagan, a Colorado-based digital marketing agency serving leading state, city, and regional tourism boards. With decades of industry experience and strong client relationships, Karsh Hagan is a highly strategic add-on that deepens Madden’s presence in the $1.25B destination marketing ecosystem. Minds Capital is an equity investor in this transaction, which strengthens the combined platform and accelerates its path toward a market-leading position.

Guideboat Capital Partners, led by Mike Sutton, has acquired P3CA, a cost-reduction consulting firm that helps businesses lower recurring operational expenses through shared-savings audits across utilities, telecom, waste, and more. Founded in 1991, P3CA operates a scalable, asset-light franchisor model and benefits from a large, durable TAM. Minds Capital is an equity investor in the deal, building on our long-standing relationship with Mike through prior partnerships.

LP First Capital, led by independent sponsor Thomas Ince, has acquired Icon Restoration, a Michigan-based rapid-response home restoration business specializing in fire, water, mold, and storm damage. Icon is a strong platform in a large, fragmented sector, known for seamless insurance coordination and high-quality emergency work. Minds Capital is an equity investor in the deal, which LP First specifically opened to us to begin a long-term partnership.

Bloom Equity, led by Bart Macdonald, recently closed a carve-out acquisition of DTC, a global cyber security consulting and testing firm specializing in regulatory compliance, breach resilience, digital privacy, and penetration testing. The company operates across the UK, Ireland, Japan, and the US, serving primarily mid-market organizations with recurring regulatory needs in a rapidly growing sector.

Alpine Crest Capital, a privately held investment firm with an entrepreneurial, long-term approach, recently closed a majority investment in HerScan. This is a nationally recognized, innovative healthcare company that provides convenient, affordable ultrasound screening services for the early detection of breast cancer. Minds Capital is an equity investor, and this opportunity was a referral by someone in our network.

Axo Equity, led by Ben Rollins and Daniel Bruton, recently closed a majority investment in Eyenavision. This is an innovative eyewear technology company that develops AI-powered products to simplify the work of eye care professionals and serves customers across the optical industry. Minds Capital is an equity investor, and this opportunity was a referral by someone in our network.

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Breakwater Management and independent sponsor Jeff Goldstein, a seasoned executive and operator, recently closed a majority investment in Chemistry. This is a nationally recognized, award-winning independent marketing agency that blends creative, digital, and multicultural capabilities into one full-service platform. Minds Capital is an equity investor, and this opportunity was a referral by someone in our network.

Newbury Franklin, led by Mark Anderegg, Kevin Brady, and Joe Graves, established Newbury Franklin Pet Services (NFPS) and completed the first set of acquisitions. NFPS is a Nashville-based platform focused on acquiring and building pet resort businesses, aiming to become the most trusted pet services company in the US. Minds Capital is an equity investor, and this opportunity was sourced through one of Minds’ LPs.

Chris Kirsch, Ian Reynolds, and the team at Thesis Capital recapitalized Cadillac Uniform & Linen Supply, a market leading provider of uniform rental and laundry services across various industries, including healthcare, pharmaceuticals, and food and beverage. Sourced through one of Minds’ LPs.

Edgehill Management, led by Daniel Khazzam and Ben Rapaport, acquired Life Science Connect. LSC is a leading digital media network dedicated to connecting professionals across life science communities to accelerate research, development, and the application of innovations. Sourced through one of Minds’ LPs.

Level Capital Partners, led by Steven McGrath, acquired Tap Mango. TapMango is a SaaS solution for cafes and other retail to manage customer loyalty and online ordering. To grow EV, the plan is to focus BD on the US market and professionalize sales & marketing. Sourced through LCS, who did the QoE.

William Boffa, Darren Fultz, and the team at Willistown Capital acquired Project Grace, , a leading provider of specific furniture to hospitality client. To grow EV, the plan is to complete add-on acquisitions (a major one closed shortly after the platform), drive cost synergies, and systemize business development to grow market share. Sourced through Minds’ website form.

Guideboat Capital Partners, led by Mike Sutton, closed on The Light Park, a Christmas drive-through light show business with six parks throughout Texas. To grow EV, the plan is to add more parks, acquire adjacent holiday-themed business concepts, and mitigate seasonality by offering new concepts. Sourced through our general network.

Yan Vinarskiy has acquired Floorguard, a manufacturer of premium concrete floor coatings. Yan is an outstanding operator with deep vertical niche expertise,  and Floorguard is a trailblazer within a product group experiencing strong growth from increased mainstream adoption. Yan assembled an incredible governance team of industry experts and will be hands-on in taking Floorguard to the next level.

Bloom Equity Partners, led by Bart Macdonald, acquired GRC International in a take-private transaction. GRCI is an international governance, risk mgmt., and compliance company focusing on cyber security. Bart leads a team of savvy and sharp dealmakers, and Bloom specializes on hairy transactions, which enables them to acquire quality assets at competitive valuations. They have a best-in-class team to take GRCI to the next level.

DVG Partners, led by Jeff Reamer, closed on Madden Media, a digital marketing agency servicing local tourism boards (i.e., Visit Colorado). The long-time CEO of Madden contacted Jeff, who specializes on positioning veterans as business operators, to buy out the former owners. We have known Jeff for several years and are hugely impressed with him. On this deal we loved that Madden owns its niche and that the already-successful CEO is the driver behind this acquisition.