Wareing & Company

What Wareing & Company does

Wareing & Company is a Houston, Texas-based family office investment firm founded in 1996 by the Wareing family, deploying perpetual (evergreen) capital to acquire and partner with founder- and family-owned businesses in the U.S. lower middle market. The firm targets companies with $10-150 million in revenue, $2-15 million in EBITDA, and transaction values of $10-125 million, providing patient capital without a predetermined hold horizon and eschewing typical fund-end liquidity pressure. Investment activities are managed by a lean team of approximately 5-8 personnel including Chairman Peter Wareing, Managing Partner Billy Wareing, Managing Director Matt Brejot, Vice President RC Renberg, CFO Chris Castle, Director of Accounting Laura Smith, and Executive Assistant Rosie Soto.

The firm does not operate a unified software or technology product. Instead, its core offering is investment capital combined with strategic, financial, and operational support for partner companies, delivered alongside personal capital co-investment that aligns interests with management. The firm does not charge traditional fund-style fees; its economics flow through equity ownership, capital appreciation, and realized exits from portfolio holdings. Marketing and deal origination are conducted primarily through direct relationships, board and civic networks of the leadership team, and referrals from prior partners — there is no evidence of digital marketing or third-party channel activity.

Wareing & Company manages a portfolio of 8-9 wholly-owned operating companies spanning specialty equipment rentals (Great Lakes Lifting Solutions), building and infrastructure products (Texas Concrete Partners, Gulf Coast Pre-Stress Partners, American Pre-Stress Concrete), cold storage solutions (Nordic Cold Storage, Union Ice Company), transportation and logistics (LSO/Lone Star Overnight), industrial services (B&E Resources), real estate (Bluebonnet), and a previously held healthcare investment (VasCare, now realized). These portfolio companies operate as independent businesses under their own brands, and the firm itself functions as a holding and value-creation entity rather than a product or service provider.

Name

Wareing & Company

Legal name

Wareing & Company

Website

https://wareing.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

1–10 employees

Short description

Wareing & Company is a Houston-based family office investment firm founded in 1996 that deploys perpetual capital to acquire founder- and family-owned U.S. lower middle market businesses with $10-150M in revenue and $2-15M in EBITDA.

Ownership category

akta.pro rank

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Investment Returns and Capital Appreciation: Generates returns through equity ownership in portfolio companies, realizing gains via exits, dividends, and appreciation of invested capital over the long-term holding period enabled by evergreen capital base.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Wareing & Company is a family office investment firm that deploys a perpetual, evergreen capital base to acquire equity stakes in U.S. founder- and family-owned lower middle market companies (revenue $10-150M, EBITDA $2-15M). The firm partners with management by providing patient capital, strategic and operational support, and preserving day-to-day autonomy over the long term without predetermined hold horizons.

Product overview

Wareing & Company is a family office investment firm, not a product/technology company. The firm does not offer a unified software product or platform. Instead, its core offering is investment capital and partnership services for established founder- and family-owned businesses. The company manages a portfolio of operating companies across diverse industries including specialty equipment rentals, building products, real estate, healthcare services, industrial services, cold storage, and logistics. The portfolio companies operate as independent businesses under their own brands and products, including Great Lakes Lifting Solutions, Texas Concrete Partners, Gulf Coast Pre-Stress Partners, Bluebonnet, VasCare, B&E Resources, Nordic, LSO, and Union Ice Company.

Differentiator

Problem solved

Functional benefit

Products and services

• Patient Equity Capital Partnership Long-term, evergreen equity capital partnership for U.S. founder- and family-owned lower middle market companies with $10-150M revenue and $2-15M EBITDA, with no predetermined hold horizon.
• Family Liquidity & Succession Solutions Buyouts, recapitalizations, and liquidity events for founder- and family-owned businesses seeking to monetize equity while preserving company culture and long-term vision.
• Growth Capital Financing Equity capital to fund the next phase of growth for established lower middle market companies, accompanied by strategic, financial, and operational support.
• Portfolio Company Operational & Strategic Support Strategic, financial and operational resources provided to portfolio companies while preserving day-to-day management autonomy.

Quantifiable outcome

• 25+ year track record since founding in 1996
• +2 more outcomes

Named customers5 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 indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Mason Wells: Mid-market PE firm focused on U.S. founder/family-owned businesses with $5-25M EBITDA. Comparable deal size, target company profile, and operating-partner model. Both firms target the lower middle market with a patient, partnership-oriented approach.
• Capstreet: Houston-based lower middle market PE firm focused on founder/family-owned businesses with $5-15M EBITDA. Similar deal size, geography (Texas/Gulf Coast), and target company profile. RC Renberg, Wareing's VP, previously worked at Capstreet.
• Trinity Hunt: Lower middle market PE firm focused on founder/family-owned businesses. Highly comparable deal size range, target company profile, and relationship-driven deal sourcing approach.
• Graycliff Partners: Lower middle market PE firm investing $10-75M in established, family/founder-led businesses. Comparable in target company size, perpetual capital-like flexibility, and partnership orientation toward sellers.
• Pelican Energy Partners: Houston-based lower middle market PE firm focused on energy services and industrial companies. Matt Brejot previously worked here, and the firm's Texas/Houston base and lower middle market focus make it a close structural peer.
• Turnbridge Capital Partners: Lower middle market PE firm targeting Texas/Southwest-based industrial, infrastructure, and business services companies. Matt Brejot previously worked at Turnbridge. Highly comparable to Wareing in geography, target company size, and sector focus.
• Shoreline Equity Partners: Lower middle market PE firm focused on industrial and specialty distribution businesses. Comparable deal size ($10-125M range) and lower middle market focus on founder-owned businesses.
• Huron Capital: Lower middle market PE firm focused on founder/family-owned businesses with $5-25M EBITDA. Similar deal size, target company characteristics, and operating-partner partnership model. Both firms emphasize alignment and long-term value creation.
• Centre Partners: Lower middle market PE firm focused on family/founder-owned consumer and business services businesses. Comparable deal size, target profile, and partnership-driven investment model.

Broad incumbents

• Main Street Capital: Publicly traded lower middle market PE and debt firm. Highly comparable to Wareing: invests in U.S. companies with $10-150M revenue and EBITDA typically $2-15M, focuses on founder/family-owned businesses, and operates with a permanent capital structure. Matt Brejot, Wareing's MD, previously worked at Main Street Capital.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/wareing-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries5 records

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 Wareing & Company