Crossplane Capital
Crossplane Capital is a Dallas-based private equity firm making control equity investments in lower middle market industrial business services, niche manufacturing, and value-added distribution businesses, primarily targeting family-owned companies and complex transactions with $40-200M in revenue.
- Company typePrivate
- Founded2018
- HeadquartersDallas, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Crossplane Capital does
Crossplane Capital is a Dallas-based private equity firm founded in 2018 by Brian Hegi and Ben Eakes, both former Prophet Equity executives. The firm makes control equity investments in industrial business services, niche manufacturing, and value-added distribution businesses, with a stated focus on family-owned and founder-owned businesses and complex situations (corporate carve-outs, restructurings, and bankruptcies) in the lower middle market. Investment criteria target US or Canadian companies with $40 to $200 million in revenue and $5 to $20 million of EBITDA, with initial platform investments up to $150 million and no size constraints on add-on acquisitions.
The firm generates revenue through two primary streams: management fees charged to limited partners of its investment funds, and carried interest from successful portfolio company exits. Since raising its initial institutional capital in 2019, Crossplane has completed nine platform investments and 31 add-on acquisitions, building a portfolio of 11 active companies spanning disaster restoration, specialty distribution, equipment rental, blast-resistant buildings, steel fabrication, millwork manufacturing, and HVAC and portable storage rentals. The firm does not charge portfolio companies monitoring fees, instead aligning incentives through significant management rollover and partnership with founders, as demonstrated by the Sims family's retained minority stake following Apollo Impact's 2023 acquisition of Accent Family of Companies.
Crossplane's operating model emphasizes hands-on value creation through a senior team with collective experience as operating executives, consultants, and restructuring advisors. The team implements a proven playbook around net working capital management, cost optimization, and revenue growth, supported by dedicated operating partners and functional specialists in IT/cybersecurity, portfolio talent, and finance. The firm partners with intermediary advisors and directly sources deals through Managing Director Katie (Oswald) Hutchins's business development efforts.
Crossplane Capital firmographics
Firmographics- Name
- Crossplane Capital
- Legal name
- Crossplane Capital
- Website
- https://crossplanecapital.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Crossplane Capital is a Dallas-based private equity firm making control equity investments in lower middle market industrial business services, niche manufacturing, and value-added distribution businesses, primarily targeting family-owned companies and complex transactions with $40-200M in revenue.
- Ownership category
- akta.pro rank
Crossplane Capital industry classification
Industry- Product category
- Private Equity / Investment Management
- NAICS
- Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Late-Stage Venture Capital (Series C+) (FSANAAAC)
Keywords
Where Crossplane Capital is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Crossplane Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Management Fees: Private equity fund management fees charged to limited partners for managing the firm's investment funds.
- Carried Interest: Performance-based carried interest from successful portfolio company exits, aligning investor and firm incentives.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Crossplane Capital product offering
Product offeringCore offering
Crossplane Capital is a Dallas-based private equity firm that invests control equity in industrial business services, niche manufacturing, and value-added distribution businesses. The firm partners with family-owned and founder-owned companies and pursues complex transactions (carve-outs, restructurings, bankruptcies) in the lower middle market, targeting businesses with $40 to $200 million in revenue and $5 to $20 million of EBITDA and providing operational, financial, and strategic resources across the investment lifecycle.
Product overview
Crossplane Capital is a private equity firm offering investment management services to industrial companies. Rather than a unified product platform, the firm operates as a control equity investor with a portfolio of industrial businesses spanning disaster restoration services (Mooring USA), specialty wire and cable distribution (Distributor Wire & Cable), HVAC rentals (1Source Rentals), portable storage (Mobile Box), steel fabrication (Hynes Industries), millwork manufacturing (Kaemark), blast resistant building rentals (Hunter Onsite), fence rentals and installation (Viking Fence), equipment rental (RG Empower Rental Group), fluid management (Griffin Fluid Management), and baling wire distribution (Accent Family of Companies). The firm provides operational expertise, financial resources, and strategic guidance to portfolio companies across their investment lifecycle.
Differentiator
Problem solved
Functional benefit
Products and services
- Control Equity Investment Services Long-term control equity investments in family-owned and founder-owned lower middle market industrial businesses, with transaction sizes up to $150 million for initial platform investments and no size constraint for add-on acquisitions.
- Complex Transaction Investment Services Investments targeting complex transactions including corporate carve-outs, restructurings, bankruptcies, and other special situations where speed and certainty to close are critical.
- Portfolio Operations and Value Creation Services Operational improvement, financial management, strategic guidance, and execution support provided to portfolio company management teams through Crossplane's investment team and operating partners, using a value creation playbook centered on net working capital management, cost optimization, and revenue growth.
Quantifiable outcome
- Closed 9 platform investments and 31 add-on acquisitions since 2019
- +1 more outcomes
Companies that use Crossplane Capital
Customer profileNamed customers11 records
Segments3 records
Ideal customer profiles2 records
Crossplane Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Crossplane Capital partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Hunter Onsite (Portfolio Company)coreHunter Onsite, a portfolio company of Crossplane Capital, launched a shared ownership program for its workforce in collaboration with Ownership Works. The program provides employees with ownership stakes aligned with company performance, enhancing employee engagement and operational performance.
- Ownership WorkscoreCrossplane Capital partnered with Ownership Works, a nonprofit organization that helps companies and investors provide all employees with opportunities to build wealth at work. Crossplane joined Ownership Works' consortium of prominent foundations, corporations, labor advocates, investors, and pension fund leaders as one of its first lower middle-market private equity partners. The collaboration aims to gradually introduce shared ownership programs with selected portfolio companies.
Scale indicators3 records
Recent moves6 records
Expansion highlights7 records
Crossplane Capital competitors and assessment
Company assessmentDirect peers
- AE Industrial Partners: Lower middle market PE firm investing in aerospace, industrial, and government services. Overlaps with Crossplane's industrial verticals and complex situation focus, though generally operating at larger check sizes.
- Gauge Capital: Dallas-based lower middle market PE firm investing in family/founder-owned industrial, business services, and specialty consumer companies with similar revenue and EBITDA targets. Katie Oswald (Crossplane's MD of Business Development) previously worked at Gauge, indicating direct talent and strategy overlap.
- Huron Capital: Lower middle market PE firm focused on business services, consumer, and specialty industrial companies with $20-200M revenue. Pursues buy-and-build strategies in fragmented niches, directly overlapping with Crossplane's approach to add-on acquisitions.
- Hammond, Kennedy & Company: Lower middle market PE firm investing in industrial and business services companies with operational improvement theses. Directly comparable in target size, industrial focus, and founder/family-owned company orientation.
- Wynnchurch Capital: Lower middle market PE firm specializing in industrial, business services, and value-added distribution companies with complex situations and operational improvement theses. Highly comparable investment criteria and value creation playbook to Crossplane.
- SunTx Capital Partners: Lower middle market PE firm where co-founder Ben Eakes previously worked as a Principal. Targets industrial distribution, building products, and business services companies with similar revenue/EBITDA profiles to Crossplane's targets.
- Prophet Equity: Where Crossplane's founders Brian Hegi and Ben Eakes previously worked as Managing Directors. Prophet Equity targets control equity investments in industrial, consumer, and business services companies with similar value-creation through operational improvement. Most directly comparable firm in strategy and DNA.
- HCI Equity Partners: Lower middle market PE firm focused on industrial, business services, and consumer products with $20-150M revenue. Pursues family-owned and complex situation investments with operational improvement strategies directly comparable to Crossplane.
Broad incumbents
- Apollo Global Management: Large diversified alternative asset manager. Apollo Impact acquired Accent Family of Companies from Crossplane in 2023, representing a documented exit relationship. Broader incumbent operating across PE, credit, and real assets.
Others
- Ownership Works: Nonprofit organization that partnered with Crossplane Capital in January 2024 as one of its first lower middle market PE partners to expand employee ownership programs. Ecosystem/thematic partner rather than direct competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights7 records
Customer concentration
Crossplane Capital social profiles
Digital presenceCrossplane Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Crossplane Capital leadership team
Management profileNumber of profiles
Profiles10 records
Crossplane Capital subsidiaries and ownership
Company hierarchySubsidiaries11 records
Crossplane Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Crossplane Capital M&A and investment
M&A and investmentM&A7 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Crossplane Capital
What does Crossplane Capital do?
Crossplane Capital is a Dallas-based private equity firm that invests control equity in industrial business services, niche manufacturing, and value-added distribution businesses. The firm partners with family-owned and founder-owned companies and pursues complex transactions (carve-outs, restructurings, bankruptcies) in the lower middle market, targeting businesses with $40 to $200 million in revenue and $5 to $20 million of EBITDA and providing operational, financial, and strategic resources across the investment lifecycle.
Is Crossplane Capital a public or private company?
Crossplane Capital is a private company. It is classified as management employee owned and is currently operating.
When was Crossplane Capital founded?
Crossplane Capital was founded in 2018. It employs 11 to 50 people.
Where is Crossplane Capital based?
Crossplane Capital is headquartered in Dallas, United States, in the North America region.
How does Crossplane Capital make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest.
Who are Crossplane Capital's main competitors?
Direct peers on record are AE Industrial Partners, Gauge Capital, Huron Capital, Hammond, Kennedy & Company, Wynnchurch Capital, SunTx Capital Partners, Prophet Equity and HCI Equity Partners. Apollo Global Management is listed as a broad incumbent. Ownership Works is listed as an others.
Does Crossplane Capital have an API?
No public API is recorded for Crossplane Capital.
What industry is Crossplane Capital in?
Crossplane Capital's product category is Private Equity / Investment Management. Its primary akta.pro industry code is FSANAAAC, Late-Stage Venture Capital (Series C+). Its NAICS code is 52394 and its SIC code is 6282.