Azalea Capital

Azalea Capital is a private equity firm based in Greenville, South Carolina, founded in 1995. The firm specializes in investing in lower middle-market companies, focusing on management buyouts, recapitalizations, divestitures, and growth capital investments. It targets firms with annual revenues between $10 million and $100 million and EBITDA ranging from $1 million to $10 million. Azalea Capital primarily invests in sectors such as business services, industrial services, manufacturing, healthcare, consumer products, and aerospace, with a particular emphasis on companies located in the Southeastern United States. The firm seeks to acquire both majority and minority stakes and typically prefers to hold a board position in its portfolio companies. Azalea Capital invests in privately held operating companies through common and preferred equity, and it also engages in add-on investments without a minimum size requirement.

Marshall Cole III

Managing Partner & Chief Financial Officer

Patrick Duncan

Co-Founder & Managing Partner

Todd Littleton

Operating Partner

William Lucas

Senior Associate

Vicki Sorbin

Investor Relations Manager

Ben Wallace

Partner

19 past transactions

Muffin Mam

Private Equity Round in 2018
The Muffin Mam, Inc. manufactures and distributes baked goods to retailers and food service outlets. The company’s products include crème cakes, muffins, pound cakes, brownies, and angel food cakes. It also provides customize packaging solutions. The Muffin Mam, Inc. was founded in 1990 and is headquartered in Simpsonville, South Carolina.

Ark Naturals

Private Equity Round in 2017
Operator of natural products company intended for pets and companion animals. The company offers dental care, skin care, joint care and wellness product line that addresses remedy, health and lifestyle for dogs and cats and are developed in conjunction with leading holistic pet veterinarians, thereby giving them distinct points of differentiation in the marketplace.

Jones Natural Chews

Private Equity Round in 2016
The Jones history as meat cutters and butchers in the USA can be traced back sixteen decades to Stephen Jones, meat cutter in 1859 in Rome, New York, It moves down each generation from Jay W. Jones, meat cutter, moving to Clinton, Wisconsin in 1870, to Jay E. Jones, meat cutter, moving to Harvard, Illinois in 1902, to Robert M. Jones, meat cutter, opening Jones Packing Company in 1952 in Harvard, Illinois. With each new generation being trained in meat cutting and passing down the family tradition, Robert L. Jones worked in his father's meat packing plant until 1970.

ACL Airshop

Private Equity Round in 2016
ACL AirShop Inc. specializes in leasing, selling, repairing, and managing unit load devices (ULD) for air carriers across various regions, including Europe, North America, South America, Africa, and Australia. The company offers a diverse range of products such as pallets, containers, fire containment covers, and pallet stackers, as well as manufacturing cargo nets and straps. Headquartered in Greenville, South Carolina, ACL AirShop operates manufacturing facilities in the United States and Europe, supported by a strong operational presence in North America, Latin America, and Europe. The company serves numerous prominent passenger and air cargo carriers, delivering unique products and services tailored to the needs of the aviation industry.

InTech Aerospace

Private Equity Round in 2015
InTech Aerospace LLC provides aviation technical/concierge services to airlines and government customers. It offers maintenance, repair, and operation services in the areas of on-site interior removals and installations, seat shops, soft goods, commercial and military interior components, lav assemblies, coffee makers, plastics, owner produced parts, capability developments, and build to print aspects. The company is headquartered in Houston, Texas.

Power Services Group

Private Equity Round in 2012
Power Services Group, Inc. is a holding company based in Garden City, Georgia, that operates through its subsidiaries to provide a range of services for power plants. Established in 2012, the company specializes in the repair and maintenance of power generation equipment and machinery, ensuring optimal performance and reliability for its clients in the energy sector.

Modus LLC

Acquisition in 2012
Modus LLC is a technology service provider based in Washington, D.C., specializing in support for corporate law departments and law firms. The company offers a comprehensive range of services that includes both onsite and remote data collection, encompassing evidence identification, harvesting, forensic imaging, and live data acquisitions. Additionally, Modus provides processing services that involve data analysis, metadata extraction, and quality control, among other tasks. The firm also facilitates hosting services, ensuring immediate data availability and advanced text analysis, while maintaining user security and project management capabilities. Modus LLC operates as a subsidiary of IVIZE Services, Inc.

5 Star Packaging

Private Equity Round in 2011
5 Star Packaging is a provider of flexographic printing, converting, and laminating for both the industrial and consumer packaging markets. Chipboard boxes are the most widely used style of box for retail products. They implement digital printing technology for all types of products.

KLMK group

Private Equity Round in 2010
KLMK group provides health care construction services.The Company offers planning, analysis, implementation, management, and consulting services for health care facility construction projects. KLMK Group serves customers throughout the United States

Sage Automotive Interiors

Private Equity Round in 2009
Sage Automotive Interiors develops and manufactures innovative automotive bodycloth and headliners preferred by automotive manufacturers around the world. They have established a reputation for being on the cutting edge of design and engineering, with technical capabilities supported by world-class manufacturing. With Sage Automotive Interiors, you'll get the same quality products, experienced people, outstanding service and technological know-how you'd expect, plus a new outlook, new options and a fresh commitment to being a truly global organization, servicing customers in every hemisphere and every time zone.

Etak

Private Equity Round in 2007
ETAK Systems Inc. provides battery, DC power, DAS, drone flights, LTE and small cell installation and testing services, as well as site audit services for wireless carriers in the United States. The company’s battery services include battery visual inspections, conductance and resistance measurements, site photography, analysis and reporting, neutralizing, cleaning, battery strap tear downs, and power alarm testing services. It offers power plant installation, LTE deployment, new build, hot swap, and other works inside/outside of the maintenance window; drone flight services for wireless and energy industries, including inventory/warranty audits, pre-installations audits, post-installation audits, and real estate surveys; installation, fiber jumpers handling, and PIM testing services for LTE systems; and servicing and installing small cells. ETAK Systems Inc. was founded in 1997 and is headquartered in Charlotte, North Carolina. It has operations in Atlanta, Georgia; Charlotte, North Carolina; Chicago, Illinois; Columbus, Ohio; Los Angeles, California; DC/Baltimore, Maryland; Richmond, Virginia; and Seattle/Portland, Washington.

Sunbelt Chemicals

Private Equity Round in 2007
Sunbelt Chemicals is a distributor of branded and private label chemicals for the consumer and professional market. It offers products and chemicals for all commercial and residential pools as well as a broad range of detergents, cleaners, surface treatment, and preparation products for the home improvement, grocery, and automotive markets. The company was founded in 1982 and is based in Palm Coast, Florida.

5 Star Packaging

Private Equity Round in 2006
5 Star Packaging is a provider of flexographic printing, converting, and laminating for both the industrial and consumer packaging markets. Chipboard boxes are the most widely used style of box for retail products. They implement digital printing technology for all types of products.

Spartan Foods of America

Private Equity Round in 2005
Spartan Foods of America, Inc., operating under the brand Mama Mary's, specializes in the production of gourmet pizza crusts and related products. Founded in 1986 and based in Spartanburg, South Carolina, the company offers a variety of pizza crusts, including flatbread, stone-fired, and gluten-free options, as well as pizza sauces and gourmet pepperoni. Its products are distributed through supermarkets across the United States, the Caribbean, Mexico, and Canada. As of mid-2015, Spartan Foods operates as a subsidiary of B&G Foods Inc.

Canterbury Engineering

Private Equity Round in 2003
Canterbury Engineering is a supplier of engineered parts used by manufacturers of plastic and rubber products. The company's products consist of replacement parts and include feed screws, barrels, crossheads, and tools for wire and cable, medical tubing, and plastic pipe and hose extrusion, as well as feed screws and barrels for injection molding.

Power Equipment Maintenance

Private Equity Round in 2003
Power Equipment Maintenance providers of maintenance and modification services to the power generation industry. President and CEO Keith W. Ravan founded Power Equipment Maintenance in Anderson, South Carolina in 1996 with a vision of being a quality, performance driven provider of solutions with an end result of customer satisfaction. PEM has experienced exceptional growth and success in providing high quality services, safely to the power generation industry. PEM has developed into a full service provider to the power generation industry in four core business areas: Nuclear Fossil Hydro Wind Specialized services offered to their customers include turbine / generator inspection and repair, turnkey projects, contract maintenance, staff augmentation, equipment repair & refurbishment and installations. Their core capabilities include outage execution services, turbine / generator services, staff and technical augmentation, balance of plant services, equipment repairs and refurbishing, process piping, equipment installations, total scope and supplemental maintenance.

Tekgraf

Private Equity Round in 2001
Tekgraf is a master distributor for products from Epson, HP, Canon and others and serving a base of some 150 resellers.

Industrial Specialty Fabrics

Private Equity Round in 2001
Industrial Specialty Fabrics is a manufacturer of engineered, wide woven substrates to the mechanical rubber goods market.