Silver Oak Services Partners
Silver Oak Services Partners is a lower middle market private equity firm founded in 2005 that makes control investments in business, healthcare, and consumer services companies with $15–150M revenue and $4–25M EBITDA. The firm manages $1.8B+ AUM across four funds and partners with management teams on platform and add-on acquisitions.
- Company typePrivate
- Founded2005
- HeadquartersEvanston, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Silver Oak Services Partners does
Silver Oak Services Partners is a lower middle market private equity firm founded in 2005 and headquartered in Evanston, Illinois. The firm makes control investments in business, healthcare, and consumer services companies with $15–150 million in revenue and $4–25 million in EBITDA, deploying equity checks of $10–50 million. Since inception, Silver Oak has raised $1.4 billion of capital commitments across four funds and three special purpose vehicles and currently invests out of a $500 million Fund IV, executing more than 40 platform investments and 250+ add-on acquisitions across the U.S. and Canada.
The firm differentiates itself through a research-driven, proactive sourcing model that emphasizes partnership with management teams who retain meaningful equity stakes. Its current portfolio spans commercial services (Beary Landscaping, CCS Facility Services, Quality Liaison Services), healthcare services (Physical Rehabilitation Network, DASCO Home Medical Equipment, SmilePartners-USA, Geriatric Medical), and consumer services (VASA Fitness, Drive Automotive Services, Caring People), with selected technology-adjacent exposures such as Summit (cloud/data center). Recent realized exits include the $1.115 billion sale of Integrated Oncology Network to Cardinal Health in February 2025, the sale of Legacy Farms in February 2026, and the sale of Keystone Partners to Careerminds in February 2026.
Silver Oak generates revenue through standard private equity management fees on committed capital under management and carried interest on successful realizations. Its investment team is led by Co-Founders Greg Barr and Dan Gill and Managing Partner Wade Glisson (promoted October 2025), with Partners Danielle Glines, Dan Wellman, and Andrew Gustafson; firm-wide, investment professionals average over 27 years of private equity experience with dedicated services sector focus. The firm reports $1.8B+ in regulatory AUM and remains actively investing with no parent company or institutional ownership.
Silver Oak Services Partners firmographics
Firmographics- Name
- Silver Oak Services Partners
- Legal name
- Silver Oak Services Partners, LLC
- Website
- https://silveroaksp.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Silver Oak Services Partners is a lower middle market private equity firm founded in 2005 that makes control investments in business, healthcare, and consumer services companies with $15–150M revenue and $4–25M EBITDA. The firm manages $1.8B+ AUM across four funds and partners with management teams on platform and add-on acquisitions.
- Ownership category
- akta.pro rank
Silver Oak Services Partners industry classification
Industry- Product category
- Lower Middle Market Private Equity
- NAICS
- Other Financial Vehicles (52599)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Lower Mid-Market Buyout (FSANABAC)
- akta.pro secondary industry
- Business Services (B2B) Growth Equity (FSANACAD)
Keywords
Where Silver Oak Services Partners is headquartered
LocationHeadquarters
- HQ city
- Evanston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Silver Oak Services Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Revenue model
- Management Fees: Standard private equity management fee structure charged on committed capital under management
- Carried Interest: Performance-based carried interest from successful fund investments and realizations
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Silver Oak Services Partners product offering
Product offeringCore offering
Silver Oak Services Partners is a lower middle market private equity firm that makes control investments, recapitalizations, and build-up acquisitions in leading business, healthcare, and consumer services companies. The firm invests $10-50M of equity in companies with $15-150M revenue and $4-25M EBITDA, partnering with management teams who retain meaningful equity stakes. Silver Oak operates four private equity funds (Fund I through Fund IV, totaling $1.8B+ in regulatory AUM) and three special purpose vehicles.
Product overview
Silver Oak Services Partners is a lower middle market private equity firm that operates as a multi-sector investment platform rather than a single unified product company. The firm manages four private equity funds (Fund I through Fund IV) and three special purpose vehicles (SPVs), currently investing out of its $500 million fourth fund. The firm focuses on three primary service sectors: Business Services (including facility services, logistics, professional services), Healthcare Services (including dental service organizations, medical equipment, oncology, rehabilitation), and Consumer Services (including fitness, automotive care, pet care, landscaping). The company's investment offering includes control investments, recapitalizations, and build-up strategies targeting companies with $15-150 million revenue and $4-25 million EBITDA. The firm has executed more than 40 platform investments and 250+ add-on acquisitions since inception. Notable portfolio companies include Beary Landscaping, VASA Fitness, CCS Facility Services, DASCO Home Medical Equipment, Summit (cloud hosting), Quality Liaison Services, and Integrated Oncology Network (sold to Cardinal Health for $1.115 billion in 2025).
Differentiator
Problem solved
Functional benefit
Products and services
- Silver Oak Fund IV
- Silver Oak Fund I, II, and III
- Silver Oak Special Purpose Vehicles (SPVs)
Quantifiable outcome
- 40+ platform investments and 250+ add-on acquisitions completed since inception
- +2 more outcomes
Companies that use Silver Oak Services Partners
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles2 records
Silver Oak Services Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Silver Oak Services Partners partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered major exit partner, core and minor.
- Agribusiness Focused Private Investormajor exit partnerSilver Oak completed the sale of Legacy Farms to an agribusiness focused private investor. Legacy Farms is a leading specialty distributor of fresh fruits and vegetables serving retail and foodservice channels, founded in 2000 and headquartered in Anaheim, CA.
- Careermindsmajor exit partnerSilver Oak completed the sale of Keystone Partners to Careerminds. Keystone is a leading provider of outplacement, career management, executive coaching, and leadership development services founded in 1982 and headquartered in Boston, MA.
- Wade Glisson (Promoted to Managing Partner)coreWade Glisson promoted to Managing Partner alongside Co-Founders Greg Barr and Dan Gill. Glisson joined Silver Oak in 2009 with 20+ years of private equity experience.
- Beary LandscapingcoreSilver Oak Services Partners backs Beary Landscaping as a platform investment. Beary Landscaping acquired Sun Valley Landscape and Snow as part of its growth strategy under Silver Oak's ownership.
- MJS Landscaping ServicesminorBeary Landscaping (a Silver Oak portfolio company) acquired MJS Landscaping Services to strengthen its landscaping services across the Midwest. MJS, based in Wisconsin, serves commercial clients in southern Wisconsin.
- Cardinal Healthmajor exit partnerSilver Oak completed the sale of Integrated Oncology Network (ION) to Cardinal Health for $1.115 billion. ION is a national provider of community-based oncology with 50+ practice locations across 10 states. Silver Oak originally invested in ION in October 2018.
- Beary Landscaping Management TeamcoreSilver Oak led the recapitalization of Beary Landscaping in partnership with management. Founder and CEO Brian Beary and senior management invested alongside Silver Oak and retained significant ownership stake. Beary provides landscaping and snow removal services to commercial end markets.
- Summit (Portfolio Company)coreSummit, backed by Silver Oak, acquired Deft (a data center and managed cloud services provider). This was Summit's third acquisition in 18 months, following acquisitions of Handy Networks and Tech Commandos in 2022.
- Quality Liaison Services Management TeamcoreSilver Oak led the recapitalization of Quality Liaison Services (QLS) in partnership with management and co-investors. QLS is a provider of representation and quality assurance services for OEMs and suppliers across diverse end markets.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Silver Oak Services Partners competitors and assessment
Company assessmentDirect peers
- NewSpring Capital: NewSpring Capital is a lower middle market private equity firm that invests in business services, healthcare, and consumer companies, with comparable fund size and add-on acquisition orientation to Silver Oak.
- LLR Partners: LLR Partners is a lower middle market private equity firm that invests in business and healthcare services companies with EBITDA of $5-50M, making it one of the closest direct comparables to Silver Oak in size, sector focus, and investment style.
- Trinity Hunt Partners: Trinity Hunt Partners is a lower middle market private equity firm focused on business and consumer services companies in the $3-15M EBITDA range, with a similar services-only investment thesis to Silver Oak.
- The Sterling Group: The Sterling Group is a lower middle market private equity firm that invests in business services, industrial services, and value-added distribution companies, overlapping with Silver Oak's business services and add-on acquisition strategy.
- Shore Capital Partners: Shore Capital Partners is a lower middle market private equity firm specializing in healthcare services, business services, and consumer products investments, closely mirroring Silver Oak's three-sector focus and EBITDA target range.
- Hammond, Kennedy, Whitney & Company: HKW is a lower middle market private equity firm investing in business services and healthcare companies with EBITDA typically between $3-25M, a near-direct comparable to Silver Oak's investment criteria and sector focus.
- Audax Group: Audax is one of the largest lower middle market private equity firms with a sector-agnostic, buy-and-build strategy that overlaps with Silver Oak's services platform and add-on acquisition engine, although at meaningfully greater scale.
- Lightyear Capital: Lightyear Capital is a middle market private equity firm focused on financial and business services companies, providing a comparable services-only investment thesis at a slightly larger fund size than Silver Oak.
Broad incumbents
- KKR: KKR is a global alternative asset manager with a sizable Americas private equity franchise that increasingly competes in the lower middle market services segment where Silver Oak operates, making it a relevant incumbent peer.
- Bain Capital: Bain Capital operates a diversified private equity platform including North American funds that invest in services businesses, serving as a broad incumbent whose mid-market activity overlaps with Silver Oak's deal universe.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Silver Oak Services Partners social profiles
Digital presenceSilver Oak Services Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Silver Oak Services Partners leadership team
Management profileNumber of profiles
Profiles11 records
Silver Oak Services Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Silver Oak Services Partners M&A and investment
M&A and investmentM&A3 records
Investments7 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Silver Oak Services Partners
What does Silver Oak Services Partners do?
Silver Oak Services Partners is a lower middle market private equity firm that makes control investments, recapitalizations, and build-up acquisitions in leading business, healthcare, and consumer services companies. The firm invests $10-50M of equity in companies with $15-150M revenue and $4-25M EBITDA, partnering with management teams who retain meaningful equity stakes. Silver Oak operates four private equity funds (Fund I through Fund IV, totaling $1.8B+ in regulatory AUM) and three special purpose vehicles.
Is Silver Oak Services Partners a public or private company?
Silver Oak Services Partners is a private company. It is classified as management employee owned and is currently operating.
When was Silver Oak Services Partners founded?
Silver Oak Services Partners was founded in 2005. It employs 11 to 50 people.
Where is Silver Oak Services Partners based?
Silver Oak Services Partners is headquartered in Evanston, United States, in the North America region.
How does Silver Oak Services Partners make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest.
Who are Silver Oak Services Partners's main competitors?
Direct peers on record are NewSpring Capital, LLR Partners, Trinity Hunt Partners, The Sterling Group, Shore Capital Partners, Hammond, Kennedy, Whitney & Company, Audax Group and Lightyear Capital. Broad incumbents are KKR and Bain Capital.
Does Silver Oak Services Partners have an API?
No public API is recorded for Silver Oak Services Partners.
What industry is Silver Oak Services Partners in?
Silver Oak Services Partners's product category is Lower Middle Market Private Equity. Its primary akta.pro industry code is FSANABAC, Lower Mid-Market Buyout, with a secondary code of FSANACAD, Business Services (B2B) Growth Equity. Its NAICS code is 52599 and its SIC code is 6799.