Angeles Equity Partners

What Angeles Equity Partners does

Angeles Equity Partners is a Los Angeles-based private investment firm founded in 2014 that specializes in control equity investments (50%+ ownership) in industrial businesses across the U.S. and Canada lower middle market. The firm targets companies with EBITDA ranging from unprofitable to $40 million and enterprise values up to $375 million, deploying equity checks of up to $150 million. Its investment thesis centers on operational transformation and strategic repositioning of niche manufacturing, critical industrial services, and specialty distribution businesses across sub-sectors including aerospace/defense/space, auto and mobility, building products, capital goods, facilities management, industrial technology, packaging, specialty chemicals, and transportation and logistics.

The firm operates a thesis-driven, sector-focused model executed through a dedicated Angeles Operations Group staffed by senior operating partners drawn from McKinsey, Boston Consulting Group, GE Aerospace, and prior operating roles. The group provides post-close transformation, due diligence, and portfolio oversight. Angeles has raised approximately $1 billion across two oversubscribed funds — Fund I at $360 million in January 2017 and Fund II above $540 million in August 2023 — and has completed 60+ closed transactions over 20+ years of team continuity. The current portfolio spans roughly 13 active platforms with documented add-on acquisition programs and an emerging Asia-Pacific footprint through portfolio company Promera.

The firm generates revenue through traditional private equity mechanics: management fees on committed and invested fund capital, plus carried interest on realized exits. Reported realizations include American Construction Source (sold to US LBM in 2021 after doubling revenue through 10 acquisitions), APCT (sold to Industrial Growth Partners in 2021), and Xanitos (sold to Bessemer Investors in December 2025 after doubling revenue and frontline headcount). Capital is sourced from institutional LPs, with the firm maintaining UN Principles for Responsible Investment signatory status. Angeles has no parent company and is independently owned by its founders Tim Meyer and Jordan Katz.

Name

Angeles Equity Partners

Legal name

Angeles Equity Partners, LLC

Website

https://angelesequity.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Angeles Equity Partners is a Los Angeles-based private investment firm founded in 2014 that makes control equity investments in U.S. and Canadian industrial businesses with EBITDA up to $40 million, deploying approximately $1 billion across two funds and operating a dedicated in-house transformation group.

Ownership category

akta.pro rank

Product category

Private Equity Investment Management

NAICS

Other Investment Pools and Funds (5259), Other Financial Vehicles (525990)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Healthcare & Life Sciences Growth Equity (FSANACAB)

akta.pro secondary industry

Multi-Sector / Generalist Growth Equity (FSANACAO)

Keywords

• Private equity investment
• Industrial business acquisitions
• Lower middle market investing
• Operational transformation services
• Control equity investments

Headquarters

HQ city

Los Angeles

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, Others

Revenue model

1. Fund Management: Private equity firm generating returns through investment management fees and carried interest from its investment funds. Firm has raised Fund I ($360M in 2017) and Fund II (over $540M in 2023).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Angeles Equity Partners is a specialist private investment firm that makes control equity investments (50%+ ownership) in lower middle market industrial businesses, deploying capital through its private equity funds with equity checks up to $150 million, enterprise values up to $375 million, and target EBITDA up to $40 million. The firm pairs capital deployment with active operational transformation through its dedicated Angeles Operations Group, partnering with existing management or facilitating management transitions across niche manufacturing, critical industrial services, and specialty distribution sub-sectors.

Product overview

Angeles Equity Partners is a Los Angeles-based private investment firm that specializes in acquiring and transforming industrial businesses. The firm targets niche manufacturing, critical industrial services, and specialty distribution companies, deploying capital across the lower middle market with enterprise values up to $375 million. Rather than offering a technology product platform, Angeles provides investment capital, operational transformation expertise, and strategic repositioning to help portfolio companies realize their full potential. The firm's investment thesis focuses on control equity investments (50%+ ownership), partnering with existing management or facilitating management transitions, and deploying committed capital flexibly structured across the industrial landscape. Angeles operates across multiple industrial sub-sectors including aerospace/defense/space, auto/truck/mobility, building & infrastructure products, capital goods & equipment, facilities management, industrial technology, packaging, specialty chemicals & materials, and transportation & logistics. Business models include niche manufacturing, critical industrial services, and specialty distribution, with transaction types spanning corporate carve-outs, ownership transitions, recapitalizations, joint ventures, special situations, and public-to-private transactions.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Private Equity Investment Fund (Angeles Equity Partners Fund I) First private equity fund focused on control equity investments (50%+ ownership) in lower middle market industrial businesses, with $360M in capital commitments. Invests in niche manufacturing, critical industrial services, and specialty distribution businesses.
• Industrial Private Equity Investment Fund (Angeles Equity Partners Fund II) Second private equity fund focused on control equity investments in lower middle market industrial businesses, with over $540M in capital commitments. Continues the firm's thesis-driven approach across industrial sub-sectors.
• Angeles Operations Group Dedicated in-house operating partner group providing operational transformation, due diligence, and post-close value creation support for portfolio companies. Includes operating partners and transformation specialists from BCG, McKinsey, and GE Aerospace backgrounds.

Named customers17 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core, major, notable and minor.

• Simpson Thacher & Bartlett LLPcoreImplementation/ SI/ Consulting PartnerPrimary legal advisor for Angeles Equity Partners on transactions. Served as legal advisor for multiple acquisitions including Freymiller, RōBEX, and others.
• Houlihan LokeycoreImplementation/ SI/ Consulting PartnerFinancial advisor to Primus Aerospace for its sale transaction. Served as financial advisor on transactions.
• Clearlake Capital GroupmajorStrategic or Co-development PartnerCo-invested with Angeles in American Construction Source (ACS) platform in 2018, forming a leading LBM distribution platform. ACS completed 10 transactions before being sold to US LBM in 2021.
• KJM CapitalnotableStrategic or Co-development PartnerPartnered with KJM Capital to acquire majority stake in Freymiller in June 2022 for temperature-controlled transportation services expansion.
• Bison CapitalnotableStrategic or Co-development PartnerCo-invested with Bison Capital and Brian Nelson to acquire Precision Surfacing Solutions in October 2022.
• Soundcore CapitalnotableStrategic or Co-development PartnerAcquired Custom Goods from Soundcore Capital in August 2023, enhancing Angeles' portfolio of asset-light, value-added logistics providers.
• Boston Consulting GroupminorStrategic or Co-development PartnerEric Dunn, VP at Angeles Operations Group, joined from BCG where he was a partner in the operations practice.
• United Nations Principles for Responsible Investment (PRI)notableStrategic or Co-development PartnerAngeles Equity Partners is a signatory to the UN PRI, demonstrating commitment to responsible investing principles.
• PromeracoreStrategic or Co-development PartnerAngeles portfolio company Promera acquired Data Clean Asia in May 2026, establishing Promera's first Asia-Pacific presence and supporting global expansion strategy.
• O'Hara's Son RoofingcoreStrategic or Co-development PartnerOSR platform acquired CP Rankin in January 2026 (third addition) and Total Systems Roofing in June 2025 (second acquisition), building national commercial roofing platform.

Scale indicators4 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Quad-C Management: Quad-C Management is a middle-market private equity firm investing in industrial and consumer services businesses. Comparable to Angeles in lower middle-market positioning, control-equity transactions, and operational transformation orientation.
• Aterian Investment Partners: Aterian Investment Partners is a private investment firm focused on acquiring and building lower middle-market industrial and business services companies. Comparable to Angeles in control-equity thesis, EBITDA range, add-on platform approach, and industrial sub-sector orientation.
• Wynnchurch Capital: Wynnchurch Capital is a lower middle-market private equity firm focused on complex carve-outs, recapitalizations, and operational improvement in industrial businesses. Directly comparable to Angeles on transaction types, deal sizing, and industrial sub-sector coverage.
• Platte River Equity: Platte River Equity is a Denver-based private equity firm investing in lower middle-market industrial companies. Highly comparable to Angeles on sector focus, control-equity strategy, and partnership with existing management teams in industrial niches.
• Arsenal Capital Partners: Arsenal Capital Partners is a specialized private equity firm investing in lower middle-market industrial and healthcare companies. Highly comparable to Angeles in sector focus, deal size, and operational transformation playbook; Angeles even hired an Arsenal principal (Chris Huetsch) onto its investment team.
• High Road Capital Partners: High Road Capital Partners is a lower middle-market private equity firm focused on industrial and business services companies. Comparable to Angeles in fund size, EBITDA target range, and value-creation via operational improvement and add-on acquisitions.
• SK Capital Partners: SK Capital Partners is a private investment firm focused on the specialty materials, chemicals, and pharmaceuticals sectors. Comparable to Angeles in lower middle-market industrial specialization, operational transformation approach, and sub-sector depth.
• Industrial Growth Partners: Industrial Growth Partners is a private equity firm focused exclusively on industrial growth and consolidation investments in the lower middle market. Closely comparable to Angeles in target EBITDA range, sub-sector focus (industrial manufacturing, specialty distribution, industrial services), and value-creation approach via operational improvement.

Broad incumbents

• Stonepeak Partners: Stonepeak is a large alternatives-focused investment firm specializing in infrastructure and industrial businesses. Comparable as a broader incumbent operating in adjacent industrial sub-sectors with overlapping capabilities in transportation, logistics, and industrial services.
• Clearlake Capital Group: Clearlake Capital is a much larger multi-strategy private investment firm with broad sector coverage. Comparable as a co-investment partner (Angeles co-invested with Clearlake on American Construction Source in 2018) and as a broader incumbent in industrial and business services PE.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/angeles-equity-partners-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries13 records

Funding overview

Funding rounds

Investors

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

M&A16 records

Investments1 record

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

Frequently asked questions about Angeles Equity Partners