Breck Partners

What Breck Partners does

Breck Partners is a Dallas-based private equity firm founded in January 2019 by Brad Brenneman and Brian Steinbrueck, both veterans of Wingate Partners. The firm makes control equity investments in lower middle-market industrial companies, targeting businesses with $75M–$250M in revenue, $40M–$100M in enterprise value, and requiring $20M–$50M of equity. Breck pursues complex "story" situations — underperforming companies, corporate carve-outs, broken auctions, and businesses in difficult or out-of-favor industries — across manufacturing, distribution, and industrial services subsectors. The firm concentrates capital in only 3–5 portfolio companies per fund and partners with management to improve execution and margins before pursuing organic growth and add-on acquisitions.

The firm is operationally lean, with two co-founders supported by a Senior Associate (Guy Roecker) and a Director of Business Development (John Kaserman, hired December 2023), augmented by an Advisory Board of industrial operating executives. Breck raised its inaugural fund, Breck Partners I, LP, through three closings — $68M (June 2019), a second close above 80% of hard cap (November 2019), and a final close at $115M (July 2020). Through this fund the firm has disclosed three platform investments: Essential Cabinetry Group (January 2022, building products), Alloy Wheel Repair Specialists (June 2023, auto aftermarket services), and NPX One (May 2024, food packaging), with additional prior investments attributable to the founders' tenure at Wingate Partners (Dunn Paper, Industrial Container Services, Nekoosa Coated Products, S&N Communications, Sunrise Oilfield Supply, Binswanger Glass). The firm has two offices — Dallas (headquarters at 4514 Cole Avenue) and Frisco (6160 Warren Pkwy).

Breck's revenue model is typical of a small-cap buyout firm: management fees on committed/invested capital, plus carried interest on realized gains above an LP hurdle. With $115M of AUM and a 3–5 company concentration mandate, fee-related revenue is modest; profitability depends on realization events. The firm does not sell products or services externally, has no technology platform, and discloses no AI/ML capabilities. Deal sourcing is driven by the founders' industry relationships, their Wingate Partners alumni network, and proprietary deal flow rather than a formal channel infrastructure.

Name

Breck Partners

Legal name

Breck Partners LLC

Website

https://breckpartners.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Breck Partners is a Dallas-based private equity firm founded in 2019 that makes control equity investments of $20M–$50M in lower middle-market industrial companies ($75M–$250M revenue) in manufacturing, distribution, and industrial services, deploying $115M across 3–5 companies per fund.

Ownership category

akta.pro rank

Product category

Private Equity Investment Management

NAICS

Portfolio Management and Investment Advice (52394), All Other Financial Investment Activities (52399)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Business Services (B2B) Growth Equity (FSANACAD)

Keywords

• Private equity investment
• Lower middle market
• Control equity investments
• Industrial buyouts
• Middle-market acquisitions

Headquarters

HQ city

Frisco

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Marketing or Sales

Marketing channels2 records

Core offering

Breck Partners is a private equity firm that makes control equity investments in lower middle-market industrial companies with revenues of $75M-$250M, enterprise values of $40M-$100M, and equity checks of $20M-$50M. The firm partners with management teams to improve operational execution and margins, then pursues growth through organic expansion and add-on acquisitions, typically holding 3-5 portfolio companies per fund lifecycle.

Product overview

Breck Partners is a Dallas-based private equity firm (not a technology product company) offering investment management services through a focused approach, typically investing in 3 to 5 companies per fund. The firm targets lower middle-market industrial companies with revenues of $75M-$250M and enterprise values of $40M-$100M. Their current portfolio includes three distinct portfolio companies: Alloy Wheel Repair Specialists (automotive aftermarket services), Essential Cabinetry Group (building products manufacturing), and NPX One (food packaging solutions). Prior investments included Dunn Paper, Industrial Container Services, Nekoosa Coated Products, S&N Communications, and Sunrise Oilfield Supply. The firm follows a two-phase investment approach: first building operational foundations to maximize profitability, then pursuing growth through organic expansion and add-on acquisitions.

Differentiator

Problem solved

Functional benefit

Products and services

• Breck Partners I, LP (Inaugural Fund) Closed-end private equity fund that invests control equity ($20M-$50M per deal) in lower middle-market US industrial companies (revenue $75M-$250M, enterprise value $40M-$100M), targeting complex "story" deals such as underperformers, carve-outs, and broken auctions. Offered to limited partners as a fund commitment.
• Control Equity Investment in NPX One Control equity acquisition of NPX One, a fresh protein packaging solutions provider serving food processors, distributors, and supermarkets, to support growth and innovation in food packaging. The investment is offered to selling shareholders and management partners as a control equity transaction.

Quantifiable outcome

• Fund size of $115 million with focused investment in 3-5 companies per fund

Named customers8 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• NPX One Management (Rudy Cuellar)coreStrategic or Co-development Partner · 2 May 2024Breck Partners partnered with NPX One's management team, led by Rudy Cuellar, to acquire ownership interests in NPX One, LLC. The deal supports growth and innovation in food packaging solutions. NPX One is a leading provider of fresh protein packaging solutions operating from two SQF certified facilities.
• Alloy Wheel Repair Specialists (AWRS) ManagementcoreStrategic or Co-development Partner · 1 June 2023Breck Partners acquired AWRS to support the company's growth and extend its national reach through franchise and company-owned operations. AWRS is the leading provider of light vehicle alloy wheel repair, remanufacturing, and wholesale services in the United States.
• Essential Cabinetry GroupcoreStrategic or Co-development Partner · 1 January 2022Breck Partners acquired Essential Cabinetry Group, a cabinetry manufacturer headquartered in South Carolina. ECG manufactures custom, semi-custom, and stock-plus cabinetry sold through a growing network of kitchen and bath dealers.

Scale indicators6 records

Recent moves4 records

Direct peers

• Wingate Partners: Dallas-based lower-middle market PE firm where both Breck co-founders previously served as partners. Closest comparable given shared DNA, geography, sector focus, and overlapping portfolio themes (paper, packaging, industrial).
• Wynnchurch Capital: Lower middle-market PE firm focused on industrial, manufacturing, distribution, and business services companies with operational restructuring capabilities — highly comparable mandate and deal size to Breck.
• Platte River Equity: Denver-based lower middle-market PE firm investing in industrial, consumer, and services companies with revenues typically $30M-$250M — directly mirrors Breck's enterprise value, revenue, and equity check size band.
• Incline Equity Partners: Pittsburgh-based lower-middle market PE investor in distribution, business services, and manufacturing — operates in the same industrial niche and deal-size sweet spot as Breck.
• Frontenac Company: Chicago-based lower-middle market PE firm focused on industrial, consumer, and business services companies — comparable deal-size range and operating partnership approach.
• Argonaut Private Equity: Oklahoma-based lower-middle market PE firm targeting manufacturing, distribution, and industrial services — comparable geography (regional US heartland) and operating focus.
• Stonebridge Partners: Lower-middle market PE firm investing in industrial, consumer, and business services with typical equity checks of $15M-$50M — comparable deal size and operating model.
• HKW (Halstead Kowalewski & Partners): Lower-middle market PE firm focused on industrial, distribution, and business services companies — directly matches Breck's lower-middle market industrial mandate.

Regional players

• Mainsail Partners: Austin-based lower-middle market PE firm. While it tends to focus more on software/services, its geographic and scale profile (similar fund size/team size) makes it a reasonable adjacent comparable for a Texas-based lower-middle market sponsor.

Broad incumbents

• Heartland Industrial Partners: Larger industrial-focused PE firm covering the broader industrial sector including aerospace, automotive, and manufacturing — useful to gauge the range of industrial PE competitors operating one level above Breck's sweet spot.

Market position

Strengths5 records

Weaknesses5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/breckpartners

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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

M&A2 records

Investments

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

Frequently asked questions about Breck Partners