Montage Partners

What Montage Partners does

Montage Partners is a people-first private equity firm founded in 2004 and headquartered in Scottsdale, Arizona. The firm invests in established, founder-led businesses in the lower middle market, specifically targeting companies with $1.5 million to $7 million in EBITDA across four core verticals: technology and professional services, healthcare, industrial products and services, and consumer. Since inception, Montage has completed 21 investments with 11 realized exits, managing approximately $80 million in capital and operating a team of 11 professionals across offices in Scottsdale and Salt Lake City.

The firm generates revenue through conventional private equity mechanics: recurring management fees on committed capital and carried interest on successful portfolio company exits. Montage does not build proprietary technology products; its core offering is equity capital paired with the proprietary Montage Accelerate™ program, which delivers hands-on operational support in strategic planning, marketing, executive recruitment, M&A, and accounting through dedicated internal staff. Distribution is entirely relationship-driven: the investment team sources deals directly, reviewing over 800 opportunities annually through founder referrals and network relationships.

Montage's portfolio outcomes demonstrate a thesis of organic value creation: portfolio companies are reported to more than double EBITDA and revenue during the hold period, with recent exits including Southwest Data Products (sold to Nucor for $115 million at an 11.5x net MOIC) and Equity Methods (sold to HGGC after growing revenue over 10x in a 13-year hold). The firm has received five consecutive Inc. Founder-Friendly Investors recognitions and was awarded PE Hub Deal of the Year for the SWDP transaction.

Name

Montage Partners

Legal name

Montage Partners

Website

https://montagepartners.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Montage Partners is a people-first private equity firm founded in 2004 that invests in founder-led businesses with $1.5M-$7M EBITDA across technology, healthcare, industrial, and consumer sectors, pairing capital with its Montage Accelerate™ operational support program.

Ownership category

akta.pro rank

Product category

Private Equity Investment Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Independent Sponsor / Fundless Sponsor ETA (FSANALAB)

Keywords

• Private equity firm
• Lower middle market
• Growth capital investing
• Management buyouts
• Founder-led investments

Headquarters

HQ city

Scottsdale

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Management Fees and Carried Interest: Private equity revenue generated through management fees on committed capital and carried interest (performance fees) from successful portfolio company exits.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Montage Partners is a people-first private equity firm that invests equity capital in established, founder-led lower-middle-market companies with $1.5M-$7M in EBITDA across technology and professional services, healthcare, industrial products and services, and consumer sectors. The firm provides more than just capital, pairing each investment with the proprietary Montage Accelerate program, which delivers hands-on support in strategic planning, marketing, acquisitions, executive recruitment, and operations.

Product overview

Montage Partners is a people-first private equity firm, not a software product company. The firm does not offer a traditional product platform or software suite. Instead, its core offering is private equity investment and partnership, supplemented by the Montage Accelerate™ program—a proprietary value-add service providing operational support to portfolio companies. Montage Accelerate™ is the only named service/module in their portfolio, offering strategic planning, marketing, acquisitions, recruiting, and operational assistance to founder-led businesses.

Differentiator

Problem solved

Functional benefit

Brands

• Montage Accelerate™: A proprietary program designed to provide founders and management teams with hands-on resources and tools to build upon their successful foundation and scale their companies faster, focusing on strategic planning, marketing, accounting, acquisitions, executive recruitment, and operations.

Products and services

• Private Equity Investments Equity capital investments in founder-led, established businesses in the lower middle market with $1.5M to $7M in EBITDA, across technology and professional services, healthcare, industrial products and services, and consumer sectors. Targets include growth capital, founder liquidity events, management buyouts, and corporate spinouts.
• Montage Accelerate A proprietary value-add program providing portfolio company founders and management teams with hands-on support across strategic planning, marketing, accounting, acquisitions, executive recruitment, and operations, delivered by dedicated Montage team members.

Quantifiable outcome

• 21 successful investments with 11 successful exits since 2004
• +4 more outcomes

Named customers5 records

Segments5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor.

• RubinBrownminorImplementation/ SI/ Consulting Partner · 1 March 2026Accounting and advisory firm collaborated with Montage Partners on content about tax considerations when selling a business, including asset sale vs. stock sale structures, capital gains taxation, and deal structure implications.
• Snell & WilmerminorImplementation/ SI/ Consulting Partner · 1 June 2025Phoenix-based law firm collaborated on seller guide to post-closing terms including covenants, indemnities, purchase price adjustments, escrow arrangements, and representations and warranties insurance.
• Lincoln InternationalminorImplementation/ SI/ Consulting Partner · 1 September 2024Investment banking advisory firm partnered on content explaining how investment bankers help business owners sell their companies, including valuation, process guidance, and buyer relationships.
• National Bank of ArizonaminorStrategic or Co-development Partner · 1 April 2021Arizona-based bank partnered with Montage Partners to host virtual founder panel event on selling a business and taking on investors, featuring transaction experts and founders who had been through sale processes.

Scale indicators7 records

Recent moves2 records

Expansion highlights5 records

Direct peers

• Renovus Capital Partners: Lower middle market PE firm focused on knowledge-based services, business services, and education companies with comparable fund size and founder-friendly approach in adjacent sectors.
• Wynnchurch Capital: Lower middle market PE firm investing in industrial, business services, and consumer companies with overlapping EBITDA ranges and similar value-creation orientation through operational support.
• Clearview Capital: Stamford-based lower middle market PE firm investing in founder/family-owned businesses with $3M-$15M EBITDA in business services, consumer, and industrial sectors, with a partnership philosophy similar to Montage.
• CIVC Partners: Chicago-based lower middle market PE firm investing in founder-led business services, consumer, and industrial companies with similar EBITDA ranges ($3M-$15M) and a partnership-style approach closely comparable to Montage.
• Gauge Capital: Dallas-based lower middle market PE firm partnering with founder and family-owned businesses in similar sectors including industrial, business services, and healthcare with comparable EBITDA targets and collaborative approach.
• Atlantic Street Capital: Stamford-based lower middle market PE firm focused on founder/family-owned businesses with $3M-$15M EBITDA across business services, healthcare, and industrial, comparable to Montage's niche and approach.
• Trinity Hunt Partners: Dallas-based lower middle market PE firm investing in founder-led services and consumer companies in similar EBITDA ranges, with comparable partnership-style approach and value-add operational support.
• Graycliff Partners: Lower middle market PE firm focused on partnering with founder-led businesses in industrial, business services, and consumer with comparable EBITDA thresholds and emphasis on management retention.
• Platte River Equity: Denver-based lower middle market PE firm focused on industrial products and services, business services, and consumer products. Montage VP Greg Ogard previously worked at Platte River, and both firms pursue similar founder-led strategies in the Mountain West.

Others

• HGGC: Mid-market PE firm that acquired Equity Methods from Montage in 2025. Demonstrates the typical buyer profile for Montage's successful exits (larger PE firms acquiring Montage's grown portfolio companies).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCj7EjPpN2hPMLUxkBuC9r8w
• LinkedInlinkedin.com/company/3623061
• Xx.com/partnersmontage

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A8 records

Investments8 records

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

Frequently asked questions about Montage Partners