What Centerfield Capital Partners does

Centerfield Capital Partners is an Indianapolis-based private equity firm founded in 2000 that provides debt and equity capital to lower middle market companies across the United States, with a Midwest focus. The firm operates two complementary strategies: Junior Capital, which delivers flexible debt and equity financing of $7-40M (or larger with co-investors) to equity sponsors, independent sponsors, business owners, and management teams pursuing leveraged buyouts, recapitalizations, add-on acquisitions, and growth capital for companies with EBITDA of $3-15M; and Control Equity (Centerfield Equity), which executes control buyouts of companies with $1.5-5M EBITDA in partnership with owners and management teams seeking liquidity, succession, or business transformation. Across its 26-year history, Centerfield has raised over $1 billion across six funds and completed 112 platform investments, with a team of approximately 15-20 professionals led by Managing Partner Faraz Abbasi, Senior Partners Michael Miller and Mark Hollis, and Partners Troy Clark and Augie Pence.

The firm's revenue model is that of a traditional private equity manager: recurring management fees on committed and/or invested fund capital, supplemented by carried interest realized from successful investment exits. Centerfield's distribution is relationship-driven — Partners and Principals originate deals directly from networks of equity sponsors, independent sponsors, intermediaries, and management teams, augmented by industry participation such as ACG Indiana leadership and a professional website. A notable structural differentiator is the embedding of bank limited partners in the fund base, enabling Centerfield to source senior debt capital from its own LP network and present itself as a one-stop financing provider up and down the capital structure. Recent activity includes the June 2024 acquisition of A.S.A.P. Garage Door Repair, a 2024 add-on acquisition of Affordable Garage Doors by the A.S.A.P. platform, and a March 2026 co-investment in KCI Telecommunications alongside Tricorner Group, Petra Capital Partners, and Source Capital.

Headquartered at 10 West Market Street, 3000 Market Tower, Indianapolis, Centerfield Capital Partners operates as an independent, partner-owned firm with no parent entity. The firm is registered as a private limited company domiciled in Indiana and does not disclose financials publicly. Its competitive positioning rests on a deep, cycle-tested team drawn from Eli Lilly, Jefferies, JPMorgan, Bear Stearns, McKinsey, Apollo, Evercore, and top MBA programs (Harvard, Duke, Purdue, Indiana/Kelley), combined with a 26-year track record and a dual-strategy product set that addresses both the non-control financing gap (junior/mezzanine + equity co-invest) and full control buyout needs of the lower middle market.

Name

Centerfield Capital Partners

Legal name

Centerfield Capital Partners

Website

https://centerfieldcapital.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Centerfield Capital Partners is an Indianapolis-based private equity firm providing debt and equity capital to lower middle market U.S. companies (EBITDA $1.5-15M) through two strategies: Junior Capital and Control Equity.

Ownership category

akta.pro rank

Product category

Private Equity & Middle Market Investing

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282), Investors, Nec (6799), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Private Credit / Direct Lending (FSAAAHAG)

akta.pro secondary industries

Middle-Market Lending (FSANADAI), Mezzanine / Subordinated Debt (FSANADAC), Direct Lending — Junior Capital (Second Lien & Mezzanine) (FSAHAJAC)

Keywords

• Private equity investing
• Junior capital financing
• Control equity investments
• Leveraged buyout financing
• Middle market capital

Headquarters

HQ city

Indianapolis

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, Technology or R&D, Others

Revenue model

1. Management Fees and Carried Interest: As a private equity firm, Centerfield generates returns through management fees on managed funds and carried interest (performance fees) from successful investment exits. The firm invests in lower middle market companies with EBITDA of $1.5-5M (Control Equity) or $3-15M (Junior Capital) seeking debt and equity financing for leveraged buyouts, recapitalizations, add-on acquisitions, and growth capital.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Centerfield Capital Partners is a private equity firm that invests debt and equity capital in lower middle market companies through two strategies. Junior Capital provides flexible debt and equity financing solutions ($7-40M or larger with co-investment partners) for leveraged buyouts, recapitalizations, add-on acquisitions, and growth capital. Control Equity (operated under the Centerfield Equity brand) acquires control positions in lower middle market businesses with $1.5-5M EBITDA pursuing owner liquidity, family succession, management buyouts, or corporate divestitures.

Product overview

Centerfield Capital Partners operates two primary investment strategies: Junior Capital and Control Equity (Centerfield Equity). Junior Capital provides flexible debt and equity financing solutions for equity sponsors, independent sponsors, business owners, and management teams seeking leveraged buyouts, recapitalizations, add-on acquisitions, and growth capital. Control Equity is the firm's lower middle market control equity investing arm that collaborates with business owners and management teams seeking change of control transactions to accelerate business transformation. The firm focuses on businesses with $1.5-5 million EBITDA for control equity and $3-15 million investment sizes for junior capital across business services, consumer products, healthcare, manufacturing, and value-added distribution industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Junior Capital Flexible debt and equity financing solutions ranging from $7-40M or larger with co-investment partners for leveraged buyouts, recapitalizations, add-on acquisitions, and growth capital, targeting lower middle market companies with EBITDA of $3-15M and experienced management teams. Designed for equity sponsors, independent sponsors, business owners, and management teams seeking tailored financing solutions across the capital structure, including subordinated debt and one-stop financing.
• Control Equity (Centerfield Equity) Lower middle market control equity investing focused on change-of-control transactions such as owner liquidity events, family succession, management buyouts, and corporate divestitures. Targets businesses with EBITDA of $1.5-5M and margins generally greater than 10%, with experienced management teams typically continuing under Centerfield's ownership to accelerate business transformation and value creation while preserving company legacy.

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Operating Partners and ConsultantsminorOthersCenterfield can tap its external network of third-party providers and advisors, including operating partners, co-investors, lenders, and consultants to provide strategic consultation and resources supporting growth initiatives for portfolio companies.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Wynnchurch Capital: Middle market PE firm operating control buyout and special situations strategies. While Wynnchurch targets larger EBITDA ranges, its operationally intensive value creation playbook in industrial/services businesses is comparable to Centerfield's Control Equity approach.
• Trinity Hunt Partners: Lower middle market private equity firm investing debt and equity in U.S. businesses with EBITDA typically $3-20M. Closely comparable to Centerfield in deal size, sponsor-backed/non-sponsored flexibility, and focus on family/founder-owned businesses.
• Centre Partners: Middle market private equity firm with a long-tenured lower middle market franchise pursuing control and structured equity investments. Similar vintage depth, multi-fund platform, and target customer profile of founder/family-owned businesses.
• Lariat Partners: Lower middle market PE firm providing debt and equity capital to companies in the western U.S. with similar revenue and EBITDA ranges. Comparable hybrid debt/equity structures and target customer base of owner-operators and independent sponsors.
• Prospect Partners: Lower middle market PE firm focused on control investments and non-control recapitalizations in businesses with $1-5M EBITDA. Highly comparable in check size and strategy; Augie Pence of Centerfield previously worked at Prospect Partners, signaling direct operational lineage.
• Industrial Opportunity Partners: Lower middle market PE firm focused on industrial and manufacturing businesses, typically with $4-15M EBITDA. Comparable in industry focus, deal size, and operational/value-creation orientation to Centerfield's Control Equity strategy.
• NXT Capital: Middle market private credit firm providing senior debt and unitranche financing. Highly comparable to Centerfield's Junior Capital strategy on the credit side; CFO Tyler Hamacher previously served as VP of Finance at NXT Capital, evidencing operational familiarity.
• Boyne Capital Partners: Lower middle market PE firm making control and non-control investments in companies with $3-25M EBITDA. Overlapping deal size, industry verticals (services, distribution, manufacturing), and Midwest-adjacent geographic footprint make it a strong direct comparable.

Emerging players

• Gladstone Capital Corporation: Public BDC providing debt and equity capital to lower middle market companies, typically $3-30M EBITDA. Directly comparable on the Junior Capital side; as a public BDC it has a structurally different funding model but similar customer base and underwriting approach.
• Saratoga Investment Corp: Public BDC providing leveraged loans and equity to lower middle market companies. Comparable in target customer profile (sponsor-backed and non-sponsored businesses) and credit orientation to Centerfield's Junior Capital strategy.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/centerfield-indianapolis

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments13 records

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

Frequently asked questions about Centerfield Capital Partners