Hermitage Equity Partners

What Hermitage Equity Partners does

Hermitage Equity Partners is a middle market private equity investment firm founded in 1996 and headquartered at 100 Crescent Court, Suite 700, Dallas, TX 75201. The firm executes control acquisitions of US-based companies with $10M to $250M in revenue across sector focuses including industrials, food processing, business services, healthcare, aerospace, oil and gas, and technology. It specializes in providing liquidity events to founders and owners of closely-held businesses through full exits, minority rollovers, or continuing involvement, then partners with recruited or incumbent management teams to drive operational improvement. Documented case-study outcomes include EBITDA growth from $5.5M to $13.0M over three years in a food processing investment and an EBITDA margin turnaround from negative 6.5% to positive 16.7% in an industrial manufacturing portfolio company.

The firm's go-to-market is relationship-driven, sourcing proprietary deal flow through decades-built networks of corporate executives, financing sources, intermediaries, and former portfolio company owners rather than intermediated auctions. Revenue is generated through standard private equity mechanics: ongoing management fees on portfolio companies and performance-based carried interest on successful exits. Differentiated operating support is delivered by Operating Partners with 150+ years of combined experience across multiple sectors, including former senior leaders from Carrier Corporation, Sysco/FreshPoint, Celanese, and Leggett & Platt, who sit on portfolio boards and execute value-creation projects. The active portfolio includes Bentec Medical (medical silicone fabrication, Woodland CA) and FlavorCraft (liquid food and beverage manufacturing, Louisville KY), with prior investments in Southern Quality Meats, Precision Boilers, Albertville, BFC, and Acclaim.

Name

Hermitage Equity Partners

Legal name

Hermitage Equity Partners

Website

http://www.hermitageequity.com/index.php

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

1–10 employees

Short description

Hermitage Equity Partners is a Dallas-based middle market private equity firm founded in 1996 that acquires control stakes in US companies with $10M-$250M in revenue, partnering with management teams across industrials, food processing, healthcare, and related sectors to provide liquidity events and operational improvement.

Ownership category

akta.pro rank

Headquarters

HQ city

Nashville

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, Others

Revenue model

1. Management Fees: Ongoing management fees charged to portfolio companies for operational support and oversight services.
2. Carried Interest: Performance-based carried interest from successful portfolio company exits, aligning firm and investor interests.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Hermitage Equity Partners is a middle market private equity investment firm that acquires control positions in privately-held US companies with $10M-$250M in revenue. The firm provides liquidity events for entrepreneurs and closely-held business owners through flexible transaction structures, including complete exits, minority rollovers, and going-private transactions. It partners with experienced management teams, providing growth capital and operating resources across preferred sectors including industrials, food processing, business services, healthcare, aerospace, oil and gas, and technology.

Product overview

Hermitage Equity Partners is a middle market private equity investment firm that offers investment management services rather than a traditional product platform. The firm provides liquidity events for entrepreneurs and closely-held businesses, partnering with management teams to build market-leading companies. Their investment portfolio includes current portfolio companies Bentec Medical (medical silicone fabrication) and FlavorCraft (liquid food and beverage manufacturing), along with prior investments in BFC, Acclaim, Albertville, Precision, and Southern Quality Meats. The firm also provides world-class operational support through operating partners specializing in food processing, industrials, healthcare, aerospace, oil and gas, and technology sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Liquidity Events for Business Owners Provides exit and liquidity solutions for owners of closely-held middle market companies through control acquisitions with flexible transaction terms, including complete exits, minority rollovers, or continuing involvement. Target customers are entrepreneurs, retiring owners without succession plans, and owners seeking diversification or discrete transaction execution.
• Growth Capital for Management Teams Provides capital infusion, strategic guidance, operational support, and equity participation opportunities to experienced management teams in portfolio companies. Management teams are invited to invest their own cash equity side-by-side with the firm's equity in each transaction.
• Control Acquisitions in Middle Market Companies Executes control-only acquisitions and add-on investments in US middle market companies with stable operating history and untapped growth potential across industrials, food processing, business services, healthcare, aerospace, oil and gas, and technology sectors.

Quantifiable outcome

• EBITDA increased from $5.5M to $13.0M in three years through organic growth in food processing investment
• +1 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Bentec MedicalcoreOthersCurrent portfolio investment in medical silicone fabrication company based in Woodland, CA. Transaction type: Founder-Owned. Management approach: Recruited Successor Management.
• FlavorCraftcoreOthersCurrent portfolio investment in manufacturer of liquid food and beverage products based in Louisville, KY. Transaction type: Operating Partner placed as CEO to lead the company.

Scale indicators4 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Highlander Partners: Dallas-based middle-market private equity firm focused on control acquisitions across diversified sectors including food, industrials, and business services. Geographic proximity and similar investment size and structure make it the closest regional comparable to Hermitage.
• Wynnchurch Capital: Middle-market private equity firm with sector specializations in industrials, food, and business services. Comparable to Hermitage in deal size range and operating-partner-driven value creation approach.
• Huron Capital Partners: Lower-middle-market private equity firm executing control investments in companies with $10M-$150M revenue. Closely aligned with Hermitage on deal size, sourcing approach, and relationship-driven execution.
• Kainos Capital: Dallas-based middle-market private equity firm with deep food and consumer sector specialization. Comparable in geographic footprint, lower-middle-market focus, and food industry operating expertise that overlaps with Hermitage's portfolio.
• Centre Partners: Middle-market private equity firm executing control investments in North American companies with $20M-$300M in revenue. Operates with a similar relationship-driven, operating-partner-supported model targeting closely-held businesses.
• Sterling Group: Houston-based middle-market private equity firm focused on industrial, distribution, and business services companies. Shares Hermitage's emphasis on operating expertise and sector-driven sourcing.
• TVV Capital: Nashville-based middle-market private equity firm with a sector-focused approach to control investments. Founder Jay Binkley previously worked at TVV, and the firm shares Hermitage's generalist lower-middle-market orientation with similar relationship-driven deal sourcing.

Broad incumbents

• GTCR: Chicago-based large private equity firm focused on sector-led control investments. Founder Jay Binkley previously worked at GTCR, and its Leaders Strategy approach parallels Hermitage's operator-led investment thesis at a much larger scale.
• Onex Corporation: Large diversified private equity firm where founder Jay Binkley previously held an operating role at portfolio company Sitel Corp. Comparable operating-driven approach but at materially larger scale than Hermitage.
• Charterhouse Group International: New York-based private equity firm with a middle-market, operationally focused approach to control investments. Founder Jay Binkley previously worked at Charterhouse, and it represents the institutional counterpart to Hermitage's boutique operating-partner model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments3 records

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

Frequently asked questions about Hermitage Equity Partners