Behrman Capital

Name

Behrman Capital

Legal name

Behrman Capital

Website

http://www.behrmancap.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Private Equity Investment Management

NAICS

Portfolio Management and Investment Advice (52394)

akta.pro primary industry

Large-Cap / Mega-Fund Buyout (FSANABAA)

Keywords

• Private equity investments
• Middle-market buyouts
• Leveraged buyouts
• Growth capital investing
• Portfolio management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others, Infrastructure, Technology or R&D

Revenue model

1. Management Fees: Private equity firms typically charge management fees on committed capital under management, usually 1.5-2% annually. Behrman Capital has raised seven private equity funds with combined capital of $4.3 billion.
2. Carried Interest (Performance Fees): The firm generates carried interest from successful portfolio company exits, typically 20% of profits above an 8% hurdle rate. The firm has completed 35+ platform company acquisitions and 90+ add-on acquisitions since founding.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Behrman Capital is a private equity investment firm that acquires control positions in growing middle-market companies headquartered in North America across three sectors: Defense & Aerospace, Healthcare, and Specialty Industrials. It invests equity of $25–100 million per transaction in companies with $50–200 million in revenue, pursues buyouts, leveraged buildups, recapitalizations, division spinoffs, and add-on acquisitions, and supports portfolio companies with operational expertise and board-level partnership. The firm has raised seven private equity funds with combined committed capital of $4.3 billion.

Product overview

Behrman Capital is a private equity investment firm, not a product company. The firm provides investment management services including management buyouts, leveraged buildups, and recapitalizations of established growth businesses. As such, it does not offer a unified product platform or modules. The company's core offering is investment capital and operational expertise, deployed through portfolio companies in three sectors: Defense & Aerospace, Healthcare, and Specialty Industrials.

Differentiator

Problem solved

Functional benefit

Products and services

• Behrman Capital Private Equity Funds (Series I-VII) Seven series of private equity funds that pursue control buyouts, leveraged buildups, recapitalizations, division spinoffs, and add-on acquisitions of growing middle-market companies headquartered in North America in Defense & Aerospace, Healthcare, and Specialty Industrials. Equity investments per transaction are typically $25–100 million in companies with $50–200 million in revenue. The funds are sold to institutional limited partners (pension funds, endowments, sovereign wealth funds, family offices) who commit capital for multi-year investment periods.
• Behrman Capital Fund VII The seventh vintage of Behrman Capital's flagship private equity fund, currently in its active investment period. Used to fund control investments in Defense & Aerospace, Healthcare, and Specialty Industrials companies including Metallizing Service Company and continuing add-on acquisition strategies across existing portfolio companies.
• Behrman Capital PEP L.P. (Continuation Fund) A multi-asset continuation fund closed in 2012 with approximately $1 billion in capital, used to provide extended ownership and liquidity for select Behrman Capital portfolio companies beyond the typical holding period of the flagship funds. Demonstrates the firm's capability to structure creative continuation vehicles for portfolio companies such as the ~$500 million Micross Components continuation fund in 2022.

Quantifiable outcome

• Since May 2005, generated gross proceeds of $1.4 billion across three funds (as of 2007)
• +6 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered platform and add-on.

• Metallizing Service Company (MSC)platformStrategic or Co-development Partner · 22 April 2026Behrman Capital acquired Metallizing Service Company Holdings, a leading provider of engineered thermal spray coatings and finishing services for aerospace and industrial applications. Founded in 1940 and headquartered in West Hartford, Connecticut, MSC serves commercial aerospace, military, and industrial customers.
• Applied Composite Technology Aerospace (ACT)add-onStrategic or Co-development Partner · 3 February 2025The Thermal Group, a Behrman Capital portfolio company, acquired Applied Composite Technology Aerospace (ACT), a leading manufacturer of advanced composite structures for the aerospace and defense industry. ACT is headquartered in Gunnison, Utah with 150,000+ sq. ft. facility.
• Integra Technologiesadd-onStrategic or Co-development Partner · 16 January 2025Micross Components, a Behrman Capital portfolio company, acquired Integra Technologies, a leading U.S.-based provider of comprehensive semiconductor assembly, testing, and qualification services headquartered in Wichita, Kansas. This acquisition positions Micross as a leader in U.S.-based OSAT services.
• US Tarpadd-onStrategic or Co-development Partner · 16 August 2024Shur-Co, a Behrman Capital portfolio company, acquired US Tarp, expanding its product portfolio in the cargo covering and control systems industry.
• AB Airbagsadd-onStrategic or Co-development Partner · 22 May 2024Shur-Co, a Behrman Capital portfolio company, acquired AB Airbags, Inc., a supplier of high-quality dunnage airbags, accessory tools, and cargo securement products. AB Airbags is headquartered in Carlsbad, California and was founded in 2012.
• Vista ApexplatformStrategic or Co-development Partner · 10 April 2024Behrman Capital acquired Vista Apex, a vertically integrated manufacturer of consumable dental products headquartered in Racine, Wisconsin. Founded in 1997, Vista Apex serves dental clinicians globally through a network of distribution partners.
• George IndustriesplatformStrategic or Co-development Partner · 17 August 2022Behrman Capital acquired George Industries, a manufacturer of thermal management products for defense, aerospace, and industrial sectors. The acquisition leverages George Industries' engineering expertise for growth through organic initiatives and acquisitions.
• Shur-CoplatformStrategic or Co-development Partner · 7 July 2021Behrman Capital acquired Shur-Co, a manufacturer specializing in cargo covering and control systems for the transportation industry. The acquisition supports Shur-Co's growth strategy as the company continues operations under existing management.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• The Sterling Group: Houston-based middle-market private equity firm focused on industrial and specialty industrials buyouts. Directly comparable to Behrman's specialty industrials vertical, and explicitly named in team member Kern Vijayvargiya's prior experience as Vice President.
• American Industrial Partners: Middle-market PE firm specializing in industrial businesses, with a similar focus on highly engineered manufacturing and specialty industrial companies. Closely parallels Behrman's Specialty Industrials sector focus and $25-100M equity check approach.
• Wynnchurch Capital: Middle-market PE firm executing control investments across industrials, business services, and niche sectors. Similar fund size and sector breadth to Behrman, with comparable partnership-model investment approach.
• Audax Group: Middle-market PE firm known for its systematic build-up strategy of acquiring and adding to platform companies — directly mirroring Behrman's 90+ add-on acquisition engine and sector-focused vertical approach.
• Industrial Growth Partners: Middle-market PE firm focused exclusively on industrial and business services companies. Directly comparable to Behrman's Specialty Industrials and Defense & Aerospace verticals; named in Behrman Vice President Aidan Fox's prior experience.
• Centre Partners: Middle-market PE firm focused on control buyouts and leveraged recapitalizations. Comparable to Behrman's investment approach and named in Behrman Partner Calvert Thomas's prior experience.
• Sun Capital Partners: Middle-market PE firm with comparable fund size, multi-sector diversification, and operational orientation. Similar middle-market buyout focus with multiple vertical specializations.
• High Road Capital Partners: Middle-market PE firm focused on control buyouts of niche manufacturing and service companies. Closely comparable to Behrman's middle-market, multi-sector approach; named in Behrman's Matt Hadley prior experience.
• New Mountain Capital: Growth-oriented middle-market PE firm with sector specialization in healthcare, industrials, and business services. Recent counterparty to Behrman in the Waterline Renewal Technologies exit, indicating directly comparable deal universe.

Broad incumbents

• Platinum Equity: Larger, established PE firm with significant operations, industrials, and specialty manufacturing activity. While broader and larger than Behrman, it competes for similar middle-market carve-outs and corporate divestitures across industrial and aerospace-adjacent sectors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/behrman-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

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

M&A15 records

Investments7 records

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

Frequently asked questions about Behrman Capital