Citadel Capital Management

What Citadel Capital Management does

Citadel Capital Management, Inc. is a private equity umbrella company founded in 1986 and domiciled in Winter Park, Florida, that coordinates investments for principal David Butler. The firm pursues majority interest development-stage investment opportunities across two portfolios: a corporate private equity book built on the acquisition and operational turnaround of operating companies (historically including BioDental Technologies, Citadel Group, and Visia Communications), and a real estate portfolio spanning urban core, historic rehabilitation, suburban office/retail, and senior housing developments across California, Texas, Florida, and Maine.

The corporate PE track record is anchored by three documented value-creation cycles: the 1986 asset purchase of BioDental Technologies from near-bankruptcy (revenues grown from $500,000 to $50+ million; NASDAQ IPO 1990; 1996 merger with Zila, Inc. for approximately $44 million in an all-stock transaction), the 1993 acquisition of Citadel Group (revenue run-rate from $1 million to $108+ million; 2000 merger with CompuCredit for over $64 million), and the 2000 acquisition and 2003 profitable divestiture of Visia Communications (accounts grown from 10,000 to over 50,000). The Denticator disposable prophy angle patent was filed on behalf of the BioDental portfolio company.

The real estate portfolio comprises more than 25 named properties across four asset classes, with concentrations in Sacramento, Dallas, and Florida. Distribution is principal-led via direct outreach (phone 386.795.4900, [email protected], website contact form); no institutional LP base, fund vehicles, or fee streams are disclosed. The firm operates with 11-50 employees and has no proprietary technology platform.

Name

Citadel Capital Management

Legal name

Citadel Capital Management, Inc.

Website

https://citadelcm.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

Citadel Capital Management is a Winter Park, Florida private equity firm founded in 1986 that coordinates majority-interest development-stage investments for principal David Butler across operating company acquisitions and a multi-state real estate portfolio.

Ownership category

akta.pro rank

Product category

Private Equity Management

NAICS

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

SIC

Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

akta.pro secondary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

Keywords

• Private equity management
• Development-stage investing
• Real estate investment
• Majority interest acquisitions
• Corporate buyouts

Headquarters

HQ city

Winter Park

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Private Equity Investment Returns: Generates returns through majority interest development-stage investments in operating companies, including asset purchases, turnarounds, and growth equity investments in portfolio companies.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Citadel Capital Management is a private equity umbrella company that coordinates investments for its Principal, David Butler, deploying capital into majority-interest development-stage investment opportunities. It operates two portfolios: a real estate portfolio spanning urban core, historic rehabilitation, suburban office/retail, and senior housing, and a corporate private equity portfolio comprising holdings in BioDental Technologies, Citadel Group, and Visia Communications.

Product overview

Citadel Capital Management is a private equity umbrella company that coordinates investments for David Butler, focusing on majority interest development-stage investment opportunities. The company operates two primary investment portfolios: a Real Estate portfolio encompassing Urban Core Development, Historic Rehabilitation Development, Suburban Office & Retail Development, and Senior Housing Development properties across California, Texas, Florida, and Maine; and a Private Equity/Corporate portfolio consisting of acquired and revived operating companies including Biodental Technologies (dental devices), Citadel Group (financial services), and Visia Communications (telecommunications).

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Investment Portfolio Coordinated real estate investment portfolio spanning urban core assets, historic rehabilitation projects, suburban office and retail properties, and senior housing developments, deployed through Citadel Capital Management under Principal David Butler.
• BioDental Technologies Investment Controlling investment by Citadel Capital Management in BioDental Technologies, a corporate private equity portfolio company.
• Citadel Group Investment Controlling investment by Citadel Capital Management in Citadel Group, a corporate private equity portfolio company within the firm's operating-company holdings.
• Visia Communications Investment Controlling investment by Citadel Capital Management in Visia Communications, a corporate private equity portfolio company.

Quantifiable outcome

• Revenues increased from $500,000 to $50+ million (100x) for BioDental Technologies over 10 years
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• ACON Investments: Private equity firm investing across operating companies and real estate with flexible capital structures. Comparable dual-asset platform and majority-control investment style.
• Audax Group: Mid-market private equity firm that invests in both corporate buyouts and real estate. Directly comparable to Citadel's dual corporate-PE and real estate mandate, though at materially larger scale.
• H.I.G. Capital: Global alternative investment firm with both private equity (operating company buyouts/take-privates) and real estate strategies. Highly comparable dual-asset platform similar to Citadel's structure.
• Palladium Equity Partners: Middle-market private equity firm focused on operating company investments with operations across multiple sectors. Comparable to Citadel's development-stage, majority-interest investment approach.
• Crow Holdings Capital: Real estate-focused investment manager with development, acquisition, and operating capabilities across multiple property types. Closely matches Citadel's real estate development portfolio strategy.
• Centre Partners: Middle-market private equity firm executing control investments in operating companies. Similar to Citadel's majority-interest, development-stage approach in the corporate PE portfolio.
• Trinity Hunt Partners: Middle-market private equity firm focused on founder-led and family-owned businesses. Comparable to Citadel's operationally-engaged, development-stage investment style.
• Seidler Equity Partners: Private equity firm focused on lower middle-market operating company investments with operational involvement. Similar to Citadel's hands-on turnaround and growth approach.

Broad incumbents

• Stone Point Capital: Larger private equity firm focused on financial services and real estate investments. Broader incumbent comparable to Citadel's Citadel Group-style financial services and real estate portfolio focus.
• The Jordan Company: Established middle-market private equity firm with diversified operating company investments across sectors. Larger incumbent with comparable majority-interest investment approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/citadel-capital-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Citadel Capital Management