Warren Equity Partners
Warren Equity Partners is a Jacksonville Beach, Florida-based private equity firm founded in 2015 that invests in middle-market companies providing mission-critical products and services to six infrastructure verticals, executing buyouts and recapitalizations across North America and Europe with over $7 billion raised.
- Company typePrivate
- Founded2015
- HeadquartersJacksonville Beach, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Warren Equity Partners does
Warren Equity Partners is a Jacksonville Beach, Florida-based private equity firm founded in 2015 that invests in North American and European middle-market companies providing mission-critical products and services to infrastructure and facility end markets. The firm operates a sector-specialized model focused on six infrastructure verticals: Transportation, Power & Utilities, Buildings & Facilities, Digital Infrastructure, Water & Wastewater, and Waste, executing buyouts, carve-outs, and recapitalizations with target enterprise values of $20 million to $500 million. It runs four investment vehicles—Fund III ($673 million closed May 2021), Fund IV ($1.4 billion+ closed April 2023, hard cap), an oversubscribed Small Cap Fund ($550 million+ closed April 2024), and Fund V (targeting at least $2.3 billion in 2025)—bringing total capital raised to approximately $7.0 billion.
The firm earns revenue through the standard private equity model: recurring management fees on committed capital under management, carried interest on investment returns above specified thresholds, and transaction/advisory fees from portfolio company add-on acquisitions and divestitures. Its go-to-market depends on direct relationships with management teams, sector-specialist deal sourcing, intermediary relationships, and LP engagement via a dedicated investor portal; the firm has executed 213 total transactions across 38 platform investments and oversees 17,490+ employees across portfolio companies. Distribution/GTM is concentrated through field-level direct engagement rather than any productized channel, with offices in Jacksonville Beach, New York, Houston, and London supporting North American and European deal flow.
Differentiators include a dedicated full-time Operations Group, a proprietary WEP Operating System, and a management development program that the firm deploys across portfolio companies. Leadership is anchored by three co-founders—Steven Wacaster, Scott Bruckmann, and Henrik Dahlback—with deep backgrounds at Pegasus Capital Advisors and Credit Suisse, supplemented by seasoned operators from Honeywell and senior investment professionals from EIG, BC Partners, Sentinel, Riverside, and TDR Capital. Recent portfolio activity includes the $40M-EBITDA USG Water Solutions acquisition (June 2026), the MoboTrex traffic/mobility acquisition (July 2024), the Meridian Waste platform (37 acquisitions since April 2018), and exits including StormTrap (to PSP Capital) and USA Water (to Levine Leichtman Capital Partners).
Warren Equity Partners firmographics
Firmographics- Name
- Warren Equity Partners
- Legal name
- Warren Equity Partners Manager, L.P.
- Website
- http://www.warrenequity.com/
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Warren Equity Partners is a Jacksonville Beach, Florida-based private equity firm founded in 2015 that invests in middle-market companies providing mission-critical products and services to six infrastructure verticals, executing buyouts and recapitalizations across North America and Europe with over $7 billion raised.
- Ownership category
- akta.pro rank
Warren Equity Partners industry classification
Industry- Product category
- Private Equity Investment Management
- NAICS
- Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)
- SIC
- Investment Advice (6282), Investors, Nec (6799)
- akta.pro primary industry
- Telecom, Networking & Infrastructure Growth Equity (FSANACAJ)
- akta.pro secondary industry
- Multi-Sector / Generalist Growth Equity (FSANACAO)
Keywords
Where Warren Equity Partners is headquartered
LocationHeadquarters
- HQ city
- Jacksonville Beach
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Warren Equity Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Management Fees: Private equity firms typically charge management fees on committed capital under management to cover operational expenses and investment sourcing activities.
- Carried Interest: Performance-based fees earned when investment returns exceed specified thresholds, aligning investor and fund manager interests.
- Transaction/Advisory Fees: Fees generated from portfolio company add-on acquisitions, divestitures, and other transaction activities.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Warren Equity Partners product offering
Product offeringCore offering
Warren Equity Partners is a private equity firm that invests in small and middle-market operating companies, primarily in six infrastructure sectors (Transportation, Power & Utilities, Buildings & Facilities, Digital Infrastructure, Water & Wastewater, and Waste). The firm manages multiple private equity funds (Fund III, Fund IV, Small Cap Fund, and Fund V) that acquire control positions via buyouts, corporate carve-outs, and recapitalizations, then support portfolio companies with capital, a dedicated Operations Group, and a buy-and-build M&A strategy.
Product overview
Warren Equity Partners is a private equity investment firm (not a software product company) that operates multiple investment funds including Fund III ($673M), Fund IV ($1.4B+), a Small Cap Fund ($550M+), and Fund V (targeting $2.3B+). The firm focuses on six infrastructure and industrial sectors: Transportation, Power & Utilities, Buildings & Facilities, Digital Infrastructure, Water & Wastewater, and Waste. Their investment approach encompasses four business models: Industrial Services, Industrial Products, Business Services and Technology, and Distribution. The firm provides capital and operational support to middle-market companies, utilizing a dedicated Operations Group and a WEP Operating System to professionalize portfolio companies. The firm has completed 213 total transactions across 38 platform investments, with over 17,490 employees at portfolio companies and $7.0 billion in total capital raised.
Differentiator
Problem solved
Functional benefit
Products and services
- Fund III (Private Equity Fund) Closed private equity fund of $673 million deployed for buyouts, corporate carve-outs, and recapitalizations of middle-market companies providing mission-critical products and services into infrastructure and facility markets.
- Fund IV (Flagship Private Equity Fund) Flagship private equity fund of over $1.4 billion backing smaller infrastructure and industrial services businesses in North America and Europe.
- Small Cap Fund Oversubscribed small-cap private equity fund of over $550 million targeting smaller middle-market infrastructure and industrial services investments.
- Fund V (Infrastructure Services Fund) Targeted infrastructure services private equity fund of at least $2.3 billion backing smaller infrastructure and industrial services businesses in North America and Europe.
- Industrial Services Platform Investment platform covering infrastructure services, building and facility services, utility services, waste and environmental services, and rental services.
- Industrial Products Platform Investment platform covering manufacturers and distributors of infrastructure products, maintenance-oriented products, and industrial technology products and applications.
- Business Services and Technology Platform Investment platform covering professional services, information services, tech-enabled services, data management, IT services, and software companies serving infrastructure end markets.
- Specialty Distribution Platform Investment platform covering value-added distributors of industrial products serving industrial and infrastructure markets.
Quantifiable outcome
- 17,490+ employees at portfolio companies
- +3 more outcomes
Companies that use Warren Equity Partners
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles2 records
Warren Equity Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Warren Equity Partners partnerships and signals
Strategic signalScale indicators11 records
Recent moves10 records
Expansion highlights5 records
Warren Equity Partners competitors and assessment
Company assessmentDirect peers
- Gridiron Capital: Middle-market private equity firm focused on industrial, consumer, and business services. Gridiron partnered with M&D Distributors (a Warren Equity-backed entity) and competes for similar middle-market industrial services deals.
- Energy Capital Partners: Infrastructure-focused private equity firm with $20B+ AUM investing across power generation, utilities, and energy infrastructure. Comparable to Warren Equity's Power & Utilities and Digital Infrastructure verticals with similar buy-and-build execution.
- AE Industrial Partners: Middle-market private equity firm with $5B+ AUM focused on aerospace, defense, and industrial services. Brian Hess joined Warren Equity from AE Industrial, indicating close operational overlap in lower middle-market industrial services investing.
- Quad-C Management: Middle-market private equity firm investing across consumer, industrial, and business services. Quad-C acquired Warren Equity's Industrial Services Platform (O6 Environmental) in 2025, evidencing directly overlapping investment criteria in industrial services.
- American Industrial Partners: Industrial-focused middle-market private equity firm that invests in industrial products, services, and distribution businesses. Closely comparable to Warren Equity's industrial services, industrial products, and distribution verticals with similar buy-and-build approach.
- The Riverside Company: Middle-market private equity firm with $6B+ AUM investing across diversified industries. Billy McCormick joined Warren Equity from Riverside, indicating similar lower middle-market origination, execution, and value-creation playbook.
- Levine Leichtman Capital Partners: Middle-market private equity firm investing in established businesses. Levine Leichtman acquired USA Water from Warren Equity in 2024, illustrating directly comparable investment style in U.S. industrial services and infrastructure platforms.
- Bernhard Capital Partners: Infrastructure-focused private equity firm investing in middle-market energy, utility services, and infrastructure companies. Highly comparable to Warren Equity given its overlapping focus on industrial services platforms and buy-and-build strategy in infrastructure end markets.
- Sentinel Capital Partners: Lower middle-market private equity firm with $2.6B+ AUM focused on differentiated businesses. Michael Zhang joined Warren Equity from Sentinel, suggesting highly comparable investment size, structure, and approach.
Regional players
- TDR Capital: London-based private investment firm with €15B+ AUM. Iain Kennedy, Warren Equity's Head of Europe, came from TDR Capital, indicating comparable European mid-to-large cap infrastructure and services investing playbook.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Warren Equity Partners social profiles
Digital presenceWarren Equity Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Warren Equity Partners leadership team
Management profileNumber of profiles
Profiles19 records
Warren Equity Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Warren Equity Partners M&A and investment
M&A and investmentM&A15 records
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Warren Equity Partners
What does Warren Equity Partners do?
Warren Equity Partners is a private equity firm that invests in small and middle-market operating companies, primarily in six infrastructure sectors (Transportation, Power & Utilities, Buildings & Facilities, Digital Infrastructure, Water & Wastewater, and Waste). The firm manages multiple private equity funds (Fund III, Fund IV, Small Cap Fund, and Fund V) that acquire control positions via buyouts, corporate carve-outs, and recapitalizations, then support portfolio companies with capital, a dedicated Operations Group, and a buy-and-build M&A strategy.
Is Warren Equity Partners a public or private company?
Warren Equity Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Warren Equity Partners founded?
Warren Equity Partners was founded in 2015. It employs 51 to 100 people.
Where is Warren Equity Partners based?
Warren Equity Partners is headquartered in Jacksonville Beach, United States, in the North America region.
How does Warren Equity Partners make money?
Three revenue lines are on record. Management Fees are the primary driver. The others are carried Interest and transaction/Advisory Fees.
Who are Warren Equity Partners's main competitors?
Direct peers on record are Gridiron Capital, Energy Capital Partners, AE Industrial Partners, Quad-C Management, American Industrial Partners, The Riverside Company, Levine Leichtman Capital Partners, Bernhard Capital Partners and Sentinel Capital Partners. TDR Capital is listed as a regional player.
Does Warren Equity Partners have an API?
No public API is recorded for Warren Equity Partners.
What industry is Warren Equity Partners in?
Warren Equity Partners's product category is Private Equity Investment Management. Its primary akta.pro industry code is FSANACAJ, Telecom, Networking & Infrastructure Growth Equity, with a secondary code of FSANACAO, Multi-Sector / Generalist Growth Equity. Its NAICS code is 5259 and its SIC code is 6282.