Shore Capital Partners

What Shore Capital Partners does

Shore Capital Partners is a Chicago-headquartered private equity firm exclusively focused on lower middle market investments across Healthcare, Industrials, Business Services, Food & Beverage, Real Estate, and Search Fund vehicles, with approximately $17 billion in assets under management deployed across 86 platform investments and 50+ current portfolio companies. The firm runs dedicated industry-focused funds (Healthcare Fund VI with $625M+, Healthcare Advantage Fund targeting $100M+ revenue / $10-50M EBITDA platforms, Industrials Fund II with $400M+, Business Services, Food & Beverage, Real Estate, and Search Fund II at $225M), applying a buy-and-build playbook refined across 1,300+ historical partnerships to companies with $5-$100M in revenue and $1-$10M EBITDA. Its operational platform consists of the Portfolio Performance Group (Centers of Excellence in Revenue Cycle, Commercial Excellence, Payor Strategy, Data & Analytics, Technology), a Shore Resource Team that executes a 100-Day Plan, Partnership Development Managers who source add-on M&A, and Shore University leadership programs (Executive Leadership Academy, Portfolio Leadership Academy, CXO Executive Program) backed by a network of 303+ Operating Partners.

Shore generates revenue through standard private equity fund economics: management fees on committed/invested capital across multiple fund vintages plus carried interest on realizations, supplemented by a Real Estate Partners fund that invests 'covenant-lite' capital into single-tenant net lease properties of Shore-affiliated portfolio companies. Go-to-market is research-led and proprietary: the firm identifies fragmented industry niches using in-house scorecards, recruits all-star boards, then partners with founders to launch or back platform companies, with investment teams of 3-5 working alongside management for the life of each partnership. The firm's technology stack includes an in-house Data function (Chief Data Officer), an AI Solutions team (Director of AI, Head of AI for Healthcare, multiple Managers), and proprietary portfolio operational tooling that supports deal sourcing, diligence, and value creation across its healthcare and industrial verticals. Recent activity demonstrates an aggressive capital formation cadence (over $1.49 billion raised across two fund closes in late 2025 and early 2026) and a busy platform-building and add-on M&A engine (Produce One, Maintera Facility Services, Reliant/Care Fusion infusion platform, Empower Aesthetics expansion, ONDEX Automation buy-and-build).

Name

Shore Capital Partners

Legal name

Shore Capital Partners

Website

https://shorecp.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

251–500 employees

Short description

Shore Capital Partners is a Chicago-based private equity firm exclusively focused on lower middle market healthcare, industrial, business services, food & beverage, real estate, and search fund investments, managing approximately $17 billion in AUM across 86 platform investments via a buy-and-build playbook supported by an in-house Portfolio Performance Group.

Ownership category

akta.pro rank

Product category

Private Equity (Lower Middle Market)

NAICS

Other Financial Vehicles (525990), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

Large-Cap / Mega-Fund Buyout (FSANABAA)

akta.pro secondary industry

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)

Keywords

• Private equity investments
• Lower middle market
• Healthcare buy-and-build
• Microcap platform investing
• Growth equity partnerships

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Private Equity Fund Management: Shore Capital Partners generates revenue through management fees and carried interest (carried interest) from its private equity funds. The firm manages dedicated industry-focused funds across Healthcare (now on Fund VI, $625M+), Industrials (Fund II, $400M+), Business Services, Food & Beverage, Real Estate, and Search Fund II ($225M). The firm also manages a Healthcare Advantage Fund targeting larger platforms with $100M+ revenue and $10M-$50M EBITDA.
2. Real Estate Investment Income: Shore Capital Real Estate Partners invests 'covenant-lite' capital in single-tenant, net lease properties of Shore-affiliated companies, providing recession-resilient, income-producing real estate investment exposure. Manages Shore Capital Real Estate Partners Fund I.
3. Limited Partner Capital Commitments: Capital raised from existing investors, university endowments, financial institutions, family offices, and the firm's own partners across multiple fund vintages, with assets under management exceeding $14 billion as of October 2025 and approximately $17 billion more recently

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels8 records

Core offering

Shore Capital Partners is a Chicago-based private equity firm that invests exclusively in the U.S. lower middle market through industry-focused funds spanning Healthcare, Industrials, Business Services, Food & Beverage, Real Estate, and Search Funds. The firm deploys capital as platform investments ($5–$100M revenue, $1–$10M EBITDA) and add-on acquisitions, while providing portfolio companies with the Portfolio Performance Group's operational resources, Centers of Excellence, and a network of 303+ Operating Partners to execute buy-and-build strategies.

Product overview

Shore Capital Partners operates a platform-plus-modules architecture centered on its industry-focused private equity fund franchise (Business Services, Food & Beverage, Healthcare Advantage, Healthcare Partners/Healthcare Fund VI, Industrials Fund II, Real Estate, and Search Fund II), supplemented by the Portfolio Performance Group (PPG) operational support service — including Centers of Excellence, Shore Resource Team, and Partnership Development Managers — and the Shore University leadership development programs (Executive Leadership Academy, CXO Executive Program, Portfolio Leadership Academy). The core platform is its investment thesis-driven 'buy-and-build' playbook refined over 1,300+ partnerships, which the firm applies across its 50+ portfolio companies and 86 platform investments backed by approximately $17 billion in assets under management. Underlying services such as the PPG Centers of Excellence in Revenue Cycle, Data and Analytics, and Technology, alongside an in-house AI Solutions and Data team, provide functional support that ties the funds and portfolio companies together.

Differentiator

Problem solved

Functional benefit

Brands

• Shore Capital Healthcare Partners Fund: Healthcare-focused lower middle market private equity fund; on its 6th fund vintage as of recent reporting, investing in healthcare services with platform investments of $5–$200M in revenue.
• Healthcare Advantage Fund (Shore Capital Healthcare Advantage Fund)
• Shore Capital Industrials Partners Fund
• Shore Capital Food & Beverage Partners Fund
• Shore Capital Business Services Partners Fund
• Shore Capital Real Estate Partners Fund
• Shore Search Partners

Products and services

• Shore Capital Healthcare Partners Fund (Healthcare Fund VI) Healthcare-focused lower middle market private equity fund now on its 6th fund vintage with over $625 million in commitments, led by Founding Partner Ryan Kelley. The fund has completed over 1,000 microcap partnerships and targets platform investments of $5-$200M in revenue and $1M-$10M EBITDA across healthcare services, payor services, products, and distribution markets.
• Shore Capital Healthcare Advantage Fund Healthcare-focused lower middle market private equity fund led by Founding Partners Mike Cooper and John Hennegan. Targets platform investments of $100M+ in revenue and $10M-$50M EBITDA across bioanalytical services, lab services, home health/hospice, applied behavior analysis, and medical devices for larger microcap platforms.
• Shore Capital Industrials Partners Fund II Lower middle market private equity fund focused on industrial companies, with $400M+ in capital commitments. Targets platform investments of $5-$100M in revenue and $1-$10M EBITDA, with add-on investments of $1M. Focus areas include residential overhead doors, utility services, environmental services, flow control, aviation MRO, and commercial roofing.
• Shore Capital Business Services Partners Fund Lower middle market private equity fund focused on partnering with business services companies, targeting platform investments of $5-$50M in revenue and $1-$10M EBITDA, with add-on investments of $1M+ and no minimum EBITDA requirement. Focus areas include System Integrators (Data & AI), Outsourced Customer Experience, Outsourced Procurement, ServiceNow System Integrators, Technology Advisory, Insurance Distribution, Accounting Services, Youth Sports, and Pest Control.
• Shore Capital Food & Beverage Partners Fund Lower middle market private equity fund focused on partnering with food and beverage companies, targeting platform investments of $5-$100M in revenue. Focus areas include packaging, commercial services, managed logistics, cold storage, artisan bread, specialty ingredients, vending, condiments, foodservice facility management, and ethnic foods.
• Shore Capital Real Estate Partners Fund Real estate fund exclusively dedicated to acquiring single-tenant, net lease properties of Shore-affiliated operating companies, providing sellers with cash liquidity, a real estate succession option, and tax-deferred equity ownership at the Shore portfolio level. Manages Shore Capital Real Estate Partners Fund I.
• Shore Search Partners (Search Fund Accelerator Program) Search fund accelerator program with over $225 million committed through Search Fund II. Provides processes, systems, institutional knowledge, and operational playbooks to help searchers acquire and scale microcap companies, with access to Shore's network of 50+ companies and 35,000+ employees to de-risk the leap to CEO.

Quantifiable outcome

• Top 1% of PE firms in returns
• +8 more outcomes

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature6 records

Partnerships

18 partnerships are on record, tiered flagship platform partnership, core add-on acquisition, major potential partnership, major real estate transaction, core platform investment, core portfolio company, flagship healthcare platform, core platform formation, core portfolio addition, core platform expansion, add-on acquisition, major platform formation, core healthcare investment, key executive operating partner and search fund led investment.

• Premier ProduceOneflagship platform partnershipStrategic or Co-development PartnerStrategic partnership formed Produce One platform (February 2026), combining Premier ProduceOne's Ohio-based distribution operations with Native Maine Produce's Northeast footprint spanning Maine, Connecticut, and New York. Mike Graham, Dan Madsen, Joe Rosenberg, Scott Sanders, and Rob Slotnick serve on Premier ProduceOne's board.
• Native Maine Producecore add-on acquisitionStrategic or Co-development PartnerAcquired by Shore Capital Partners to combine with Premier ProduceOne's Ohio-based distribution operations into the Produce One platform (February 2026). Native Maine provides Northeast distribution network spanning Maine, Connecticut, and New York.
• Northwestern Medicinemajor potential partnershipStrategic or Co-development PartnerShore Capital confirmed deal to acquire 47-acre Amtrak rail yard in Chicago and is exploring a potential partnership with Northwestern Medicine for a healthcare facility and medical innovation hub on the site, linked to the nearby 78 megaproject.
• Amtrakmajor real estate transactionOthersJustin Ishbia's firm under contract to acquire Amtrak's 47-acre 14th Street Coach Yard in Chicago, which may be developed into a mixed-use district possibly including a stadium and medical innovation hub. Linked to the nearby 78 megaproject and new White Sox stadium deal.
• Comfort Temp Companycore platform investmentStrategic or Co-development PartnerGrowth partnership announced September 25, 2025 with Florida-based mechanical and plumbing contractor founded over 40 years ago. Operates in Gainesville, Tampa, Orlando, and Jacksonville serving education, healthcare, government, commercial, and residential markets. Plans expansion through add-on acquisitions throughout Florida and the broader Southeast.
• Sweetmore Bakeriescore portfolio companyStrategic or Co-development PartnerShore Capital Partners invested through recapitalization to support Sweetmore Bakeries' growth and acquisitions. Sweetmore was formed in 2022 from multiple bakery brands and has expanded its portfolio with recent acquisitions in Atlanta and Phoenix.
• Empower Aestheticsflagship healthcare platformStrategic or Co-development PartnerNational medical aesthetics platform backed by Shore Capital Partners with 11-12 partner practices across six states. Shore led platform expansion through partnerships with Revitalize SkinMD, GLOW Medical Spa, Glow Medical Aesthetics, SeaMist MedSpa, and Livio Med Spa. CEO transitioned from Alyssa Rapp to Chidinma Asonye in May 2026.
• Roaming Hunger Inc.core portfolio companyStrategic or Co-development PartnerStrategic partnership announced in June 2023 to expand food truck operator platforms. Shore Capital is the majority owner. Roaming Hunger later acquired Cater2.me in December 2024, combining its 20,000+ food truck network with Cater2.me's in-office catering technology and restaurant partnerships.
• Innovate 32core platform formationStrategic or Co-development PartnerNashville-based dental services organization founded through strategic partnership with Dr. Clint Newman and his group of three dental practices (July 2024). Plans aggressive growth throughout the South and Mid-Atlantic by partnering with independent dental practices. CEO Josh Johnson leads the management team.
• ACTION Termite & Pest Controlcore portfolio additionStrategic or Co-development PartnerPartnership announced December 2023 to expand the pest management business under Shore Capital's ownership.
• Mantality (acquired by Agentis Longevity)core platform expansionStrategic or Co-development PartnerAgentis Longevity, a healthcare platform backed by Shore Capital Partners, acquired Mantality, a provider of hormone replacement therapy and medical weight loss services operating clinics across the Midwest (Missouri, Iowa, Wisconsin, Nebraska, Michigan, Ohio, and Pennsylvania) in March 2025. Deal facilitated by Agenda Health.
• Morrow Engineering (acquired by Guidant Power)add-on acquisitionStrategic or Co-development PartnerGuidant Power, a provider of electrical safety, reliability and training services backed by Shore Capital Partners, acquired Morrow Engineering (February 2026). Morrow Engineering was founded in Wichita, Kansas with an additional office in Colorado Springs, specializing in facility electrical upgrades, retrofit planning and power studies.
• The Fitch Company (acquired by ONDEX Automation)add-on acquisitionStrategic or Co-development PartnerONDEX Automation acquired The Fitch Company, a Maine-based electrical engineering and process automation firm, marking ONDEX's sixth acquisition since April 2024. Brings approximately 30 employees, expanding ONDEX's workforce to over 150 team members across 10 locations nationwide. Part of buy-and-build strategy backed by Shore Capital to consolidate fragmented industrial automation market.
• Maintera Facility Services (Commercial Asset Preservation / TCG Services)major platform formationStrategic or Co-development PartnerShore Capital Partners announced formation of Maintera Facility Services (January 2026), a national platform for outsourced commercial facility management and vacant property services, combining TCG Services (on-demand break-fix solutions) with CAP's vacant property expertise under unified leadership. Maintera simultaneously acquired Commercial Asset Preservation (CAP).
• Point Ccore healthcare investmentStrategic or Co-development PartnerRecapitalization announced January 2026 through Healthcare Advantage Fund. Point C is a third party administrator for medical benefits based in Chicago. Investment aims to leverage rising healthcare costs and self-funding growth trends to boost Point C's market position.
• Aurelio Banda (Turck USA / Motion Industries veteran)key executive operating partnerOthersHired as Executive Operating Partner (May 2026) to lead Shore Capital's new industrial automation distribution platform strategy. Brings over 35 years of automation industry experience, most recently as President and CEO of Turck USA, and prior automation division leadership at Motion Industries. Will source acquisition targets and develop commercial strategy. Has served on ONDEX Automation board since 2024.
• Aton Healthsearch fund led investmentStrategic or Co-development PartnerSeries A growth investment led by Shore Search Partners (June 2026), a Chicago-based private equity firm. Funding supports expansion of TrialSight and CareSight platforms beyond gastroenterology into additional specialties. Platforms currently screen tens of thousands of patients monthly with over 5,000 patients enrolled across studies.
• Anmar Foods (acquired by Whetstone Distribution)add-on acquisitionStrategic or Co-development PartnerWhetstone Distribution acquired Anmar Foods, a Chicago-based meat purveyor founded in 1994, marking Whetstone's third acquisition in the Chicago market (November 2024). Shore Capital Partners confirmed its support for the acquisition as Whetstone's investor partner.

Scale indicators13 records

Recent moves12 records

Expansion highlights7 records

Direct peers

• Welsh, Carson, Anderson & Stowe: Healthcare-focused U.S. private equity firm investing across services, healthcare IT, and consumer health — directly comparable to Shore's Healthcare Fund VI and Healthcare Advantage Fund strategy. WCAS is named alongside Shore in Dakota's top healthcare PE rankings.
• Audax Group: Lower-middle-market private equity firm executing buy-and-build strategies across healthcare, business services, and industrials — closely comparable to Shore's microcap platform-and-add-on investment approach and dedicated industry funds.
• Webster Equity Partners: Boston-based healthcare-services-focused private equity firm investing in lower-middle-market healthcare platforms — directly comparable to Shore's healthcare services thesis (ABA, infusion, aesthetics, dental services, behavioral health).
• Trinity Hunt Partners: Lower-middle-market private equity firm focused on healthcare, business services, and consumer — directly comparable to Shore's strategy of building platforms in fragmented industries through add-on acquisitions.
• Graham Partners: Industrial-focused private equity firm investing in lower-middle-market manufacturing and industrial technology companies — directly comparable to Shore Capital Industrials Partners Fund II strategy.
• Linden Capital Partners: Chicago-based healthcare-only private equity firm investing in lower-middle-market healthcare companies — directly comparable to Shore's healthcare franchise and named alongside Shore in Dakota's top healthcare PE rankings.
• Kainos Capital: Lower-middle-market private equity firm specializing in food, beverage, and consumer products — directly comparable to Shore Capital Food & Beverage Partners Fund and similar revenue/EBITDA investment parameters.
• Garnett Station Partners: Lower-middle-market private equity firm focused on business services and consumer-services platforms — comparable to Shore's Business Services Partners Fund investment parameters and platform-building approach.
• Compass Group Management: Lower-middle-market private equity firm focused on healthcare services and consumer — comparable in scale, sector focus, and microcap platform-build approach to Shore's healthcare and consumer-adjacent investments.

Broad incumbents

• H.I.G. Capital: Large global alternative investment firm with significant lower-middle-market buyout activity across healthcare, industrials, business services, and consumer — a broader incumbent operating with overlapping niche focus and similar revenue/EBITDA investment parameters.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/shore-capital-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments11 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shore Capital Partners