New State Capital Partners
A private investment firm that provides flexible capital solutions to leading middle market companies.
- Company typePrivate
- Founded2013
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What New State Capital Partners does
New State Capital Partners, LLC, is a private investment firm that provides flexible capital solutions to leading middle market companies in the business services, healthcare services and industrial industries to support their growth via minority or majority investments. The firm brings deep investment experience, including the structuring of control and growth buyouts, co-investments/shared governance, corporate carve-outs, preferred/junior debt, and restructurings. New State invests up to $35 million of equity per transaction.
New State Capital Partners firmographics
Firmographics- Name
- New State Capital Partners
- Legal name
- NEW STATE CAPITAL PARTNERS LLC
- Website
- http://www.newstatecp.com/
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- A private investment firm that provides flexible capital solutions to leading middle market companies.
- Ownership category
- akta.pro rank
New State Capital Partners industry classification
Industry- Product category
- Private Equity
- NAICS
- Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Corporate Finance & Capital Advisory (BPAHADAB)
Keywords
Where New State Capital Partners is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
New State Capital Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Fund Management: Private equity firm generating returns through management fees and carried interest from fund investments. They manage Fund IV and have completed multiple platform investments and corporate carve-outs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Equity investments with control or minority positions |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
New State Capital Partners product offering
Product offeringCore offering
New State Capital Partners is a private equity firm that provides flexible equity capital and operational partnership to middle market companies, primarily founder-owned businesses, independent sponsors, and management teams seeking buyouts, ESOP transitions, or growth capital. The firm invests $10-100 million in companies with $8-40 million of EBITDA, supports add-on acquisitions, and pairs capital with an in-house operating team across human capital, revenue, operations, AI, and technology enablement.
Product overview
New State Capital Partners is a private equity firm that operates as a single unified investment platform rather than a product-based technology company. The firm's primary offering is investment capital and operational partnership services. The portfolio consists of multiple independently-operated companies across diverse sectors including business continuity (Agility), aviation services (The Blackhawk Group), events and trade shows (The Expo Group), mechanical contracting (Harrell-Fish), roofing and exterior services (PAX Services Group), rotating equipment services (Universal Plant Services), coworking franchises (Vast Coworking), low-voltage infrastructure (ComNet), and educational services (Unlimited Instruction). Each portfolio company operates as a distinct business entity with its own products and services.
Differentiator
Problem solved
Functional benefit
Brands
- Forge Select: Non-control investment strategy dedicated to partnering with independent sponsors
Products and services
- Middle Market Private Equity Investment Services Private equity investment services providing flexible equity capital and operational partnership to founder-owned middle market companies with $8-40 million of EBITDA, investment sizes of $10-100 million, and transaction values of $25-250 million. Includes control buyouts, non-control investments, ESOP strategies, and add-on acquisitions, paired with an in-house operating team.
- Forge Select (Non-Control Investment Strategy) Non-control investment strategy dedicated to partnering with independent sponsors, designed to serve the growing number of pedigreed spinouts choosing to invest on a deal-by-deal basis while building institutional platforms.
- ESOP Strategy Services Specialized ESOP conversion and employee ownership strategy support for founder-owned and family-owned companies, demonstrated through completed conversions at Gautier Steel (2017) and Klein Hersh (2022).
Quantifiable outcome
- Executed more than 20 add-on acquisitions, averaging more than one per platform company
- +2 more outcomes
Companies that use New State Capital Partners
Customer profileNamed customers11 records
Segments4 records
Ideal customer profiles4 records
New State Capital Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
New State Capital Partners partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor.
- Boxwood PartnersminorServed as exclusive financial advisor to United Franchise Group on the sale of Vast Coworking Group to New State Capital Partners.
- GLC Advisors & Co.minorServed as exclusive financial advisor to Harrell-Fish Inc. in its majority investment from New State Capital Partners and Amethyst Capital Group.
- TKO MillerminorServed as exclusive investment banking advisor to Trachte Building Systems on its acquisition of MakoRabco from New State Capital Partners.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
New State Capital Partners competitors and assessment
Company assessmentDirect peers
- Audax Group: Long-standing lower middle-market buy-and-build PE firm focused on founder-owned companies with EBITDA in the same $5–50M range and a similar repeatable add-on strategy. Direct competitor for New State's core platform deals.
- Monomoy Capital Partners: Operationally focused middle-market PE firm investing in industrial and distribution businesses. Highly comparable mandate and structure; notably, New State's CFO Andrea Cipriani previously served as CFO/CCO at Monomoy.
- Wynnchurch Capital: Middle-market PE firm pursuing control investments in lower middle-market companies, often through corporate carve-outs and partnerships with independent sponsors — directly comparable to New State's thesis and structuring.
- CIVC Partners: Lower middle-market PE firm with a similar founder-friendly, operationally intensive approach and a long history of partnering with independent sponsors for platform and add-on acquisitions.
- Trinity Hunt Partners: Lower middle-market PE firm investing in founder-owned business services and industrial services companies with check sizes that overlap New State's $10–100M range.
- Pfingsten Partners: Operationally focused lower middle-market PE firm pursuing control buyouts of industrial, business services and consumer products companies — closely mirrors New State's mandate.
- Sole Source Capital: Lower middle-market PE firm investing in industrial and manufacturing businesses; New State's Operating Partner Ivan Gataric previously served as SVP of Operations at Sole Source.
- Compass Group Equity Partners: Lower middle-market PE firm with an industrial and business-services focus; New State associate Drew Croghan joined from Compass, indicating comparable sector and transaction profiles.
- Aterian Investment Partners: Operationally focused lower middle-market PE firm that partners with founders and independent sponsors on industrial and consumer businesses — direct mandate overlap with New State.
- Atlantic Street Capital: Lower middle-market PE firm investing alongside founders, independent sponsors and management teams in business services and industrial companies — comparable in check size, structure and sponsor-led origination.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
New State Capital Partners social profiles
Digital presenceNew State Capital Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
New State Capital Partners leadership team
Management profileNumber of profiles
Profiles23 records
New State Capital Partners subsidiaries and ownership
Company hierarchySubsidiaries18 records
New State Capital Partners funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
New State Capital Partners M&A and investment
M&A and investmentM&A15 records
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about New State Capital Partners
What does New State Capital Partners do?
New State Capital Partners is a private equity firm that provides flexible equity capital and operational partnership to middle market companies, primarily founder-owned businesses, independent sponsors, and management teams seeking buyouts, ESOP transitions, or growth capital. The firm invests $10-100 million in companies with $8-40 million of EBITDA, supports add-on acquisitions, and pairs capital with an in-house operating team across human capital, revenue, operations, AI, and technology enablement.
Is New State Capital Partners a public or private company?
New State Capital Partners is a private company. It is classified as management employee owned and is currently operating.
When was New State Capital Partners founded?
New State Capital Partners was founded in 2013. It employs 11 to 50 people.
Where is New State Capital Partners based?
New State Capital Partners is headquartered in New York, United States, in the North America region.
How does New State Capital Partners make money?
One revenue line is on record: fund Management.
Who are New State Capital Partners's main competitors?
Direct peers on record are Audax Group, Monomoy Capital Partners, Wynnchurch Capital, CIVC Partners, Trinity Hunt Partners, Pfingsten Partners, Sole Source Capital, Compass Group Equity Partners, Aterian Investment Partners and Atlantic Street Capital.
Does New State Capital Partners have an API?
No public API is recorded for New State Capital Partners.
What industry is New State Capital Partners in?
New State Capital Partners's product category is Private Equity. Its primary akta.pro industry code is BPAHADAB, Corporate Finance & Capital Advisory. Its NAICS code is 523940 and its SIC code is 6282.