Pearl Street Capital Partners

What Pearl Street Capital Partners does

Pearl Street Capital Partners is a New York-based private investment firm founded in 2023 that targets $2-10M EBITDA lower middle market companies owned by families or private operators in the United States. The firm invests its own family-office capital, which supports longer hold periods and structuring flexibility relative to traditional fund vehicles. Its stated focus on family-owned and privately held American businesses positions the firm as a perpetual-capital partner rather than a fixed-life fund manager.

The firm operates as a multi-platform holding company, having launched or acquired four operating platforms in trades and infrastructure services: Panther Service Group (plumbing, HVAC, and electrical services across Florida), Aligned Exteriors Group (roofing services across Minnesota and Illinois), Measurement Control Systems (measurement and control infrastructure for natural gas and water utilities in California), and American Utility Technologies (measurement and control solutions for utility and industrial customers). Each platform pursues a buy-and-build strategy, evidenced by ongoing partnerships and add-on acquisitions including Apex Plumbing, Whitney Roofing, Fargo Roofing, and a Graycliff co-investment.

Pearl Street is led by Managing Partners Alexander Study and Paul Finnegan, with a reported headcount of 1-10 employees. The firm generates revenue through management fees on committed capital and potential carried interest, while its portfolio companies earn revenue through recurring and project-based service contracts in their respective end markets, including regulated utility infrastructure and competitive residential and commercial services.

Name

Pearl Street Capital Partners

Legal name

Pearl Street Capital Partners

Website

https://pearlstreetcp.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Pearl Street Capital Partners is a New York-based private investment firm founded in 2023 that uses family-office capital to acquire and build out $2-10M EBITDA family-owned businesses in U.S. trades and infrastructure services.

Ownership category

akta.pro rank

Product category

Lower Middle Market Private Equity

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282), Finance Services (6199)

akta.pro primary industry

Business Services (B2B) Growth Equity (FSANACAD)

akta.pro secondary industries

Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH), Micro-PE / Lower Middle Market ETA Funds (FSANALAG)

Keywords

• Lower middle market investing
• Private equity firms
• Family-owned business investments
• Control buyout investments
• Growth capital partnerships

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Investment Returns: Generates returns through equity investments in lower middle market companies, capital appreciation, and operational improvements to portfolio companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Pearl Street Capital Partners is a private equity firm that makes control equity investments in family-owned and privately held U.S. businesses generating $2-$10M in EBITDA. The firm partners with business owners seeking succession planning, growth capital, or strategic exits, providing patient family office capital, flexible deal structures with seller co-invest options, and operational support through add-on acquisitions. Its portfolio spans business services, consumer services (home services, roofing), technology services, and industrial sectors.

Product overview

Pearl Street Capital Partners is a lower middle market private equity firm that operates as a multi-platform investment company. The firm invests in portfolio companies across several sectors including home services (plumbing, HVAC, electrical), roofing and exteriors, and utility technologies. The main portfolio platforms include Panther Service Group (plumbing, HVAC, electrical services in Florida), Aligned Exteriors Group (roofing companies), and American Utility Technologies (measurement and control solutions). Each platform consists of multiple operating companies that the firm partners with and supports for growth and expansion.

Differentiator

Problem solved

Functional benefit

Products and services

• Panther Service Group A plumbing, HVAC, and electrical services platform that partners with leading service companies to provide resources and expertise for growth and expansion while maintaining their unique cultures.
• Aligned Exteriors Group A platform that partners with top roofing companies to provide resources, support, and expertise needed to scale and succeed in the residential roofing sector.
• American Utility Technologies Provides essential measurement, control, and automation solutions to utility and industrial customers.
• Measurement Control Systems California-based distributor of natural gas and water infrastructure products supplying critical components for natural gas and water distribution networks across the US.

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered minor and core.

• Apex PlumbingminorStrategic or Co-development Partner · 29 April 2026Apex Plumbing and affiliated brands (Garrett Plumbing, Mason Air Conditioning and Heating, Green Light Electric Services) partnered with Panther Service Group, serving the Tampa Bay market. PSG provides resources and expertise to help partner companies accelerate growth while maintaining their unique cultures.
• Panther Service GroupcoreStrategic or Co-development Partner · 1 April 2026Panther Service Group is a newly launched plumbing, HVAC and electrical services platform backed by Pearl Street Capital Partners, targeting the Florida market. The platform seeks to partner with and acquire established service companies to build a local champion with a focus on people, partnership, and performance.
• Whitney RoofingminorStrategic or Co-development Partner · 15 October 2025Whitney Roofing partnered with Aligned Exteriors Group, expanding residential roofing services into the Illinois market. Kalen Whitney, owner and president, remains in his current role overseeing day-to-day operations as part of the deal.
• Measurement Control SystemscoreStrategic or Co-development Partner · 18 March 2024Measurement Control Systems (MCS), a California-based distributor of natural gas and water infrastructure products, was acquired by Pearl Street Capital Partners. MCS supplies critical components for natural gas and water distribution networks across the US and plans to leverage the strategic partnership for growth. Andy Spotts, Owner & CEO, noted Pearl Street has been a valued addition to the team supporting expansion into new markets.
• Aligned Exteriors GroupcoreStrategic or Co-development Partner · 1 January 2024Aligned Exteriors Group is a roofing services platform financially backed by River Sea Network and Pearl Street Capital Partners. The platform partners with top roofing companies to provide resources, support, and expertise to scale and succeed. Kim Miramontes, CEO, noted Pearl Street's values-based approach makes them a great partner for business owners.
• American Utility TechnologiescoreStrategic or Co-development Partner · 1 January 2023American Utility Technologies provides essential measurement, control and automation solutions to utility and industrial customers. Part of Pearl Street Capital Partners portfolio since 2023, with Measurement Control Systems as a partner company under the platform.
• Fargo Roofing & SidingminorStrategic or Co-development PartnerFargo Roofing & Siding is a portfolio company under Aligned Exteriors Group. Owner Mike Wolsky noted partnership with Pearl Street has provided resources and support to take the business to the next level.

Recent moves7 records

Expansion highlights4 records

Direct peers

• Graycliff Partners: Lower middle market PE firm focused on family/founder-led businesses in the U.S. Active co-investor with Pearl Street in Panther Service Group, making it a directly comparable sponsor with overlapping deal size, sector, and strategy.
• Bertram Capital: Lower middle market PE firm investing in family-owned and entrepreneur-led U.S. businesses, where Paul Finnegan previously worked. Highly comparable on check size, hold philosophy, and operating-value-add playbook.
• Cortec Group: Lower middle market PE firm making control investments in family/founder-owned businesses, frequently in services and consumer end markets. Directly comparable on target profile, EBITDA range, and growth-via-add-on approach.
• Pfingsten Partners: Lower middle market PE firm focused on family and founder-led businesses, including platforms in distribution and services. Comparable deal sourcing and sector mix with Pearl Street, especially in industrial distribution.
• Trinity Hunt Capital Partners: Lower middle market growth-oriented PE firm making control investments in business and consumer services companies. Closely comparable on check size, sector mix, and partnership with founder/seller operators.
• NewSpring Capital: Lower middle market PE firm with a multi-strategy platform covering family/founder-led business buyouts in services and industrial end markets. Comparable on fund structure and growth-via-add-on playbook.
• Blue River Partners: Lower middle market PE firm focused on founder/family-owned businesses in services and specialty industrial. Similar EBITDA range and add-on acquisition strategy as Pearl Street.
• Stone-Goff Partners: Lower middle market PE firm partnering with founder and family-owned businesses across business services, consumer services, and industrial end markets. Highly comparable on check size and operating partner model.
• Growth Street Partners: Lower middle market PE firm backing family- and founder-owned companies with flexible structures and seller co-invest options. Direct strategic overlap with Pearl Street's relationship-driven, partnership-oriented approach.
• Centre Partners: Lower middle market PE firm focused on family/founder-led businesses in consumer, services, and healthcare. Comparable on target company profile, partnership model, and use of add-on acquisitions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pearl-street-capital-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries14 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Pearl Street Capital Partners