Northrim Horizon

What Northrim Horizon does

Northrim Horizon is a private, permanent-capital investment firm headquartered in Mesa, Arizona that acquires and operates profitable recurring-revenue businesses across four verticals: Healthcare Services, Business Services, Consumer Services, and Tech-Enabled Services & Software. The firm manages $575M+ in Assets Under Management and has completed 75+ transactions, holding 17 wholly-owned portfolio companies rather than pursuing traditional 3-5 year PE exits. Its stated model is to own businesses indefinitely and reinvest earnings back into companies and people.

The firm sources deals through direct outreach to founders and owners seeking liquidity, supported by a dedicated origination team and relationships with M&A advisors, investment bankers, and business brokers. Northrim differentiates through a 'permanent home' positioning, a 7-day offer turnaround promise, flexible deal structures, and the option for founders to retain operating roles post-transaction. Portfolio companies span software (Solutions360, TX3 Tech, VLogic Systems, Wizard Software, FacilityONE), healthcare (Noble Hospice, Pathways for Life, Alani Skin MD, Sole Horizon), business services (ACG Systems, All Pro Security, Genesis Landscape, Polaris Pest Group), and consumer services (Horizon Commercial Pools, Elevate Trampoline Park, Northstar Preschools, Revolve Property Solutions).

The investment team is led by Managing Partner Brad Gulbrandsen (formerly CD&R and Morgan Stanley) with Partners Tyler Duke and Brad Johnson, supported by Principals, Corporate Development VPs, and shared-services staff in finance, legal, integration, and go-to-market. Each portfolio company operates under a dedicated CEO sourced from top-tier consulting and operating backgrounds. Northrim generates revenue through management fees on AUM and carried interest on portfolio realizations; specific revenue figures are not publicly disclosed.

Name

Northrim Horizon

Legal name

Northrim Horizon

Website

https://northrimhorizon.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Northrim Horizon is a Mesa, Arizona-based permanent-capital private equity firm that acquires and indefinitely owns profitable recurring-revenue businesses across healthcare, business services, consumer services, and tech-enabled services, managing $575M+ in AUM across 17 portfolio companies.

Ownership category

akta.pro rank

Product category

Private Equity / Permanent Capital Investment

NAICS

All Other Financial Investment Activities (52399), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282)

akta.pro primary industry

Strategic / Balance-Sheet CVC (On-balance-sheet investing) (FSANAHAA)

akta.pro secondary industry

Captive CVC Fund (Dedicated corporate fund structure) (FSANAHAB)

Keywords

• Private equity acquisitions
• Permanent capital investing
• Lower middle market buyouts
• Recurring revenue business investing
• Business succession acquisitions

Headquarters

HQ city

Mesa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Portfolio Company Performance: Northrim generates returns through the operational performance and value appreciation of its portfolio companies. They reinvest earnings back into businesses over decades rather than pursuing short-term exits.
2. Capital Appreciation: Long-term value creation through strategic acquisitions and operational improvements across the portfolio, with indefinite ownership horizon for portfolio companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Northrim Horizon is a permanent capital private equity firm that acquires and operates well-run, profitable recurring-revenue businesses in business services, software and tech-enabled services, healthcare, and consumer services. It intends to own portfolio companies indefinitely, reinvesting earnings back into the businesses and partnering with founders on legacy-preserving transitions. The firm manages $575M+ in assets across 17 wholly-owned portfolio companies and has completed 75+ transactions.

Product overview

Northrim Horizon operates a portfolio of 17 acquired businesses across multiple sectors including Tech-Enabled Services & Software, Healthcare Services, Business Services, and Consumer Services. The Tech-Enabled Services segment includes five software companies: Solutions360 (ERP software for systems integrators), TX3 Tech (home inspection workflow software), VLogic Systems (workplace management software), Wizard Software Solutions (construction project management), and FacilityONE (facilities management). Healthcare portfolio includes Noble Hospice, Pathways for Life, Alani Skin MD, and Sole Horizon. Business Services includes ACG Systems (wireless communications), All Pro Security, Genesis Landscape Solutions, and Polaris Pest Group. Consumer Services includes Horizon Commercial Pools, Elevate Trampoline Park, Northstar Preschools, and Revolve Property Solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Solutions360 Enterprise resource planning and end-to-end business management software for systems integrators, offering modules for financial management, project tracking, and operational automation.
• TX3 Tech B2B software business providing mission-critical workflow solutions used in thousands of home inspections each year.
• VLogic Systems Integrated workplace management software solutions for corporate, healthcare, higher education, and government clients.
• Wizard Software Solutions Capital program management and construction project management software solutions.
• FacilityONE Facilities management and asset management software provider.
• ACG Systems Technical integration and maintenance services for radio frequency and wireless communications systems serving aerospace, government, and commercial customers.
• All Pro Security Security guard, mobile patrol, remote monitoring, and constable services to commercial and government clients.
• Noble Hospice and Palliative Care Compassionate and comprehensive end-of-life care for older adults.
• Pathways for Life Non-medical home care and community-based services to individuals with intellectual and developmental disabilities.
• Alani Skin MD Full range of minimally-invasive aesthetic treatments at premium locations across the U.S.
• Sole Horizon Management services organization, formed with Foot & Ankle Specialists of Arizona, offering comprehensive podiatric and regenerative treatments across multiple Southwest locations.
• Genesis Landscape Solutions Landscape maintenance and enhancement services to commercial properties, HOA communities, schools, and other properties.
• Horizon Commercial Pools Commercial pool services, chemicals, and equipment for apartments, hotels, municipalities, schools, gyms, and water parks.
• Polaris Pest Group Cadre of pest control companies in the Southwest focused on building long-term equity through acquisitions and operating improvements.
• Revolve Property Solutions Full apartment turns, valet trash, housekeeping, and capital projects services.
• Northstar Preschools Early childhood education services.
• Elevate Trampoline Park Indoor family entertainment concept with trampolines, ninja courses, bounce sports, rock walls and other attractions across the U.S.

Quantifiable outcome

• $575M+ in Assets Under Management
• +1 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• Solutions360coreStrategic or Co-development Partner · 14 October 2025Northrim Horizon made a strategic growth investment in Solutions360, a provider of ERP software for systems integrators. The investment will fund AI and automation capabilities development, extend platform capabilities, and strengthen ecosystem partnerships. Northrim appointed Nate Gardner as CEO with founder Brad Dempsey transitioning to CTO.
• ACG SystemscoreStrategic or Co-development Partner · 29 September 2025Northrim Horizon acquired ACG Systems, a Maryland-based systems integrator specializing in mission-critical wireless communication systems for defense, federal, and commercial industries. Thomas Montalbano was appointed as CEO. The transaction represents Northrim's third platform acquisition under Fund III, with recent domestic wireless infrastructure legislation cited as a growth driver.
• Horizon Commercial Pool Supply (Aqua Source acquisition)minorStrategic or Co-development Partner · 5 September 2025Horizon Commercial Pool Supply, a portfolio company of Northrim Horizon, acquired Aqua Source, Inc. Aqua Source is a commercial aquatic facility solutions provider operating across California and Nevada with over 30 years of industry experience.
• Allure MedspacoreStrategic or Co-development Partner · 30 August 2024Northrim Horizon completed acquisition of Allure Medspa, a multi-location aesthetic treatment provider in the Phoenix area, as part of Fund II strategy. Kylie Tan was appointed CEO to lead growth in the medical aesthetics market, with plans to build through strategic acquisitions.
• Noble Hospice and Palliative CarecoreStrategic or Co-development Partner · 12 June 2024Northrim Horizon acquired Noble Hospice and Palliative Care in Arizona. This transaction is part of Northrim's effort to expand its home-based care platform, with plans for more hospice acquisitions.
• Portfolio Companies (ITC Personal Care, Total Apartment Solutions, Genesis Landscape Solutions, Budget Brothers, Northstar Preschools)coreStrategic or Co-development PartnerNorthrim Horizon partners with and operates multiple portfolio companies across diverse service sectors including personal care, apartment solutions, landscape services, pest control, and preschool education. Each portfolio company has dedicated leadership with Northrim operating partner support.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Alpine Investors: Lower-middle-market PE firm that pioneered a permanent-capital / founder-friendly model (often via search funds and Executive Quality of Life programs), targeting recurring-revenue services and software companies. Closest direct comparable in structure and seller approach to Northrim Horizon.
• HGGC: Lower-middle-market PE firm founded by former Huntsman Gay executives that pursues founder-friendly control investments in tech-enabled services, business services, and consumer. Comparable to Northrim in check size, sector mix, and partnership-oriented sourcing.
• JMI Equity: Software and tech-enabled services PE firm that is one of the prior employers of Northrim's Partner Tyler Duke. Highly comparable on the software/tech-enabled services investing vertical within Northrim's portfolio.
• Vector Capital: Tech-focused PE firm investing in middle-market software and tech-enabled services businesses. Comparable on the software holding-company style approach Northrim takes with Solutions360, TX3 Tech, VLogic, FacilityONE, and Wizard Software.
• Newlight Partners: Permanent-capital PE affiliate of the David Koch estate that invests in control and partnership-style transactions in business services and healthcare. Highly comparable permanent-capital model with Northrim's long-duration holding approach.

Broad incumbents

• Genstar Capital: Larger lower-middle-market PE firm with a diversified portfolio across software, business services, and financial services. Comparable sector overlap and recurring-revenue thesis, though materially larger AUM and broader platform.
• The Riverside Company: Globally diversified lower-middle-market PE firm investing in business services, healthcare, and tech-enabled services. Comparable in size of portfolio and sector breadth, with similar focus on founder/family-owned businesses.
• Audax Group: Large lower-middle-market PE firm known for buy-and-build strategies across business services and healthcare. Comparable in sector mix and add-on acquisition playbook (e.g., Horizon Commercial Pools' rollup of Aqua Source).
• Platinum Equity: Operations-focused PE firm acquiring diversified services, technology, and telecom businesses with operational improvement theses. Comparable in operational orientation and portfolio breadth, though at materially larger scale.

Regional players

• Freeman Spogli & Co. Lower-middle-market PE firm focused on consumer and services businesses, historically with strong West Coast/Southwest US footprint. Comparable in sector tilt toward consumer services and geographic proximity to Northrim's Mesa, Arizona base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles29 records

Subsidiaries17 records

Funding overview

Funding rounds

Investors

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

M&A3 records

Investments2 records

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

Frequently asked questions about Northrim Horizon