Carousel Capital

Carousel Capital is a private investment firm based in North Carolina, founded in 1996, that specializes in mid-market investments in the Southeastern United States. The firm focuses on three primary sectors: business services, consumer products and services, and healthcare services. Carousel Capital partners with management teams to build companies that aspire to achieve national and global presence. The firm is supported by a diverse investor base, which includes institutional investors and over one hundred current and former corporate Chief Executive Officers. These executives contribute by identifying investment opportunities and offering strategic guidance. Carousel Capital typically targets investments in businesses generating at least three million in EBITDA, with an investment horizon of three to five years.

Peter Clark Jr.

Partner

Ellen M. Dale

Associate

Daniel Eassa

CFO and CCO

M. Adam Elmore

Principal

Charles S. Grigg

Managing Partner

Jill D. Holthaus

Controller and Director of Taxation

Robert Kreidler

Chief Financial Officer and Chief Compliance Officer

Ellen D. Maxey

Senior Associate

Brandon R. Moores

Vice President

Reid T. Morin

Associate

Tyler Moses

Vice President

Dalton M. Nicholson

Senior Associate

Emma Park

Associate

L. Clayton Roberts

Associate

John S. Robinson

Associate

Everett F. Saslow

Associate

Jason C. Schmidly

Managing Partner

Nelson Schwab

Co-Founder and Senior Advisor

Jake Thompson

Senior Associate

Alan C. Welch Jr.

Partner

Christopher H. Wells

Vice President

28 past transactions

Transflo

Private Equity Round in 2021
Transflo is a software company that specializes in applications and services for the transportation industry. Based in Tampa, Florida, it offers a suite of mobile and cloud-based technologies that facilitate real-time communication among fleets, brokers, and commercial vehicle drivers. Transflo's platform digitizes nearly 500 million shipping documents annually, encompassing around $54 billion in freight bills. By providing solutions that enhance operating efficiency through electronic forms and workflow services, Transflo enables organizations within its client and partner network to streamline processes, improve cash flow, and reduce costs.

Landscape Workshop

Private Equity Round in 2020
Landscape Workshop LLC is a full-service grounds management company based in Birmingham, Alabama, specializing in grounds maintenance for commercial properties across the Southeast. Founded in 1984, the company offers a wide range of services including landscape construction, design, maintenance, irrigation, and facility services. Additional offerings encompass seasonal color programs, weed and insect control, arbor care, snow and ice removal, as well as power sweeping and pressure washing. Landscape Workshop serves various sectors including healthcare, municipalities, educational institutions, retail, office parks, multifamily facilities, and industrial clients. With branch locations in several Southeastern states, the company is dedicated to helping clients maintain property value and attract new customers through expert outdoor management services.

APEX Analytix

Private Equity Round in 2020
APEX Analytix works as a trusted advisor to clients in virtually every country in the world. That means they understand your culture and speak your language – wherever you do business. You’ll find they have the size, scope and experience demanded by even the most discerning procure-to-pay teams. Their highly skilled team of specialists has a proven proficiency to handle any linguistic assignment. - Global 1000 clients on 6 continents, in virtually every country in the world - Safeguarding $2.6 trillion in disbursements each year - Proprietary global supplier and supplier contact database (built on 7 million supplier communications each year) - Fluent in languages covering 98% of global trade

Armstrong Transport Group

Private Equity Round in 2019
Armstrong Transport Group, LLC is a transportation company based in Charlotte, North Carolina, founded in 2006. It specializes in freight transportation services worldwide, providing a comprehensive range of options including truckload, less than truckload, refrigerated, heavy haul, rail, expedited, air, and international transportation. The company operates as a third-party logistics provider, focusing on freight brokerage services through a network of independent agents and employees. In addition to transportation, Armstrong Transport Group offers logistics and consultancy services to assist clients in meeting the complex demands of their shipping needs.

Palmetto Infusion

Private Equity Round in 2019
Palmetto Infusion Services, LLC provides infusion medications, supplies, and teaching for home based specialty infusion therapies. The company also offers ambulatory infusion services at 17 facilities located throughout South Carolina. Palmetto Infusion Services, LLC was founded in 1999 and is based in West Columbia, South Carolina.

ProcessBarron

Acquisition in 2019
ProcessBarron is a leader in the design, manufacturing, installation, maintenance, and repair of air, gas, and material handling equipment for a variety of heavy industrial applications. Since its founding in 1981 as Process Equipment, Inc., ProcessBarron has expanded its service and production capabilities through strategic acquisitions, a long history of quality workmanship, and superior customer responsiveness. Over the past three decades, offerings have grown from fan repairs to "integrated solutions" that include all components related to the movement of air, gas, or materials to and from boilers, kilns, and furnaces. ProcessBarron offers a wide range of products and services to customers throughout the world in the pulp and paper, iron and steel, utility, cement, lime, wood products, textile, foundry and mining industries.

Huseby

Private Equity Round in 2018
Huseby Incorporated is a prominent provider of court reporting and litigation support services, catering to the legal community both in the United States and internationally. Established in 1928 and headquartered in Charlotte, North Carolina, Huseby offers a comprehensive range of services including national court reporting, legal videography, real-time interactive solutions, and online case management. The company specializes in trial support, providing expert consultants, electronic presentations, and courtroom installations. Additionally, Huseby facilitates mobile litigation support, enabling attorneys to manage depositions and schedules through their devices, ensuring accessibility to critical case materials such as transcripts and exhibits. With regional centers in major cities like Atlanta, Washington, New York, Houston, and Los Angeles, Huseby continues to adapt to the evolving needs of the legal profession.

CCG IQ

Private Equity Round in 2017
CCG is a leading provider of specialty claims investigation services, processing technology and data analytics to property and casualty insurance companies across the United States. Consolidated Claims Group processes residential and commercial HVAC and electronics claims through its HVAC Investigators and StrikeCheck brand names.

Advantage Sofware

Private Equity Round in 2017
Advantage is a software company that has successfully turned a passion into a profession.They are very well qualified to serve you now and well into the future. Advantage Software provides a suite of products with features you need to monitor and improve productivity and increase profitability.Advantage is perfect for full-service advertising agencies of all sizes, creative and production shops, public relations and marketing firms.

Pye-Barker Fire & Safety

Private Equity Round in 2016
Pye-Barker Fire & Safety is a construction company providing sprinkler installation & inspections and industrial cleaning services.

Joe Hudson’s Collision Centers

Private Equity Round in 2014
Joe Hudson’s Collision Centers are state of the art auto body repair shops dedicated to providing customers with outstanding customer service and a quality repair experience.

APEX Analytix

Private Equity Round in 2014
APEX Analytix works as a trusted advisor to clients in virtually every country in the world. That means they understand your culture and speak your language – wherever you do business. You’ll find they have the size, scope and experience demanded by even the most discerning procure-to-pay teams. Their highly skilled team of specialists has a proven proficiency to handle any linguistic assignment. - Global 1000 clients on 6 continents, in virtually every country in the world - Safeguarding $2.6 trillion in disbursements each year - Proprietary global supplier and supplier contact database (built on 7 million supplier communications each year) - Fluent in languages covering 98% of global trade

Caldwell and Gregory

Private Equity Round in 2013
Caldwell and Gregory, Inc. is a provider of commercial laundry equipment and laundry room solutions, catering to a diverse clientele that includes colleges, universities, apartments, condominiums, coin laundry stores, and various commercial and industrial sectors. The company specializes in offering both front load and top load washers, as well as single and stack dryers. In addition to equipment sales, Caldwell and Gregory provides on-premise commercial laundry services and repair support. Founded in 1990, the company is headquartered in Manakin Sabot, Virginia.

HEPACO

Private Equity Round in 2011
HEPACO is a high quality environmental service provider dedicated to exceeding the expectations of their clients. Established in 1984, HEPACO has evolved into one of the market leaders providing solutions to solve the environmental challenges of our clients. HEPACO’s value proposition is strongly focused on quality, reliability, safety, and client assurance. When it looks like things can’t get any worse, you can’t get any better!

Brasseler USA

Private Equity Round in 2008
Founded in 1976, Brasseler USA is an industry leader in medical and dental instrumentation. Brasseler USA Surgical Instrumentation developed and designed a comprehensive line of surgical power instruments, proprietary and replacement accessory products for use by Orthopaedic, Neuro, ENT, Cardiovascular, Podiatric and Oral-Maxillofacial Surgeons.

Mergent

Private Equity Round in 2008
Mergent, Inc. is a prominent provider of business and financial information on public and private companies worldwide. Headquartered in Fort Mill, South Carolina, the company offers a range of research solutions that include Mergent Online for in-depth company and industry research, and Mergent Intellect, a web-based application featuring comprehensive global business information. Mergent also provides specialized tools such as Mergent Bondviewer, which offers detailed bond data, and First Research industry reports. Additionally, Mergent supports clients with data feeds, analytics, cloud-based applications, and investor relations solutions. The company serves a diverse clientele, including corporate and financial institutions, academic organizations, and public libraries, leveraging over a century of expertise to deliver innovative data and analytical solutions. Founded in 1900, Mergent was previously known as Financial Communications Company, Inc. and has undergone several changes, including becoming a subsidiary of the London Stock Exchange Group plc.

Driven Brands

Private Equity Round in 2008
Collectively, Driven Brands have been providing services to businesses and consumers alike for more than 130 years. Their brands successfully operate under the veteran leadership of their senior executive teams and are also highly influenced and challenged by our high-tech and state-of-the-art support team. As a result, their brands operate proven business systems using the latest in today's technologies and applications.

Jameson

Private Equity Round in 2007
Jameson LLC, established in 1956 and based in Clover, South Carolina, specializes in providing high-quality lighting solutions and tools primarily for the telecommunications, electrical, utility, tree care, mining, and military sectors. The company offers a diverse range of products, including inside wiring tools, underground cabling and locating equipment, aerial cabling tools, and line clearance and tree trimming implements. Notably, Jameson has made significant advancements in military lighting, having developed stringable fluorescent lights and EMI-hardened shelter lights to enhance efficiency and concealment for troops. Their extensive product lineup also features work lights, LED equipment lights, and specialized tools for various applications. Operating as a subsidiary of Huskie Tools, Inc. since December 2015, Jameson continues to innovate and serve a global market with effective solutions tailored to industry needs.

AgData

Private Equity Round in 2006
AgData, an AgKnowledge Company based in Charlotte, North Carolina, specializes in providing strategic data and analytical solutions to major agricultural crop protection and animal health manufacturers. With direct connections to over 9,500 industry retailers and distributors, the company serves more than 90% of the U.S. market. AgData offers a wide range of services, including outsourced database management, marketing program administration, data collection, and data analysis. Additionally, the company enables growers to self-verify their industry profiles and assists retailers in reviewing, reporting, and managing transactions and licenses related to growers. Operating throughout the United States and Canada, AgData plays a crucial role in supporting the agricultural sector with comprehensive data management and intelligence solutions.

Axium Healthcare Pharmacy

Private Equity Round in 2006
Axium Healthcare Pharmacy Inc. is a nationwide, privately held clinical specialty pharmacy licensed to operate in all 50 states. Based in Lake Mary, Florida, Axium specializes in providing physicians, patients, health plans, and other health care providers with injectable and oral brand-name products, as well as compounded pharmaceutical products. Axium’s vision is to “Improve outcomes one relationship at a time.” Axium achieves this through an experienced patient care team comprised of doctors of pharmacy, registered nurses, reimbursement specialists, and dedicated patient care coordinators; all of whom deliver the highest level of comprehensive care and clinical support with every prescription.

Nestor Sales

Private Equity Round in 2005
Nestor Sales, LLC is a national distributor of tools and equipment based in Largo, Florida, established in 1971. The company serves various market segments, including automotive, marine and composites, industrial manufacturing, and fleet maintenance. It offers a wide range of products, such as abrasives, power tools, adhesives, safety equipment, and maintenance supplies. Nestor Sales operates through multiple independent divisions, including Ace Tool Company and Eastern Tool Warehouse, and distributes its products via an online store and sales representatives. With sales and distribution centers located across several states, Nestor Sales aims to enhance the success of its customers, employees, and vendor partners by providing both products and technical assistance for business setup.
Express Oil Change & Tire Engineers is one of the leading automotive service providers in the South with nearly 300 locations across 14 states. Throughout our 37-year history, our oil change process has been refined to give our customers the quickest oil change around while still providing the highest quality service and premium vehicle maintenance checks.

NewSouth Communications

Private Equity Round in 2000
NewSouth Communications is a South Carolina-based broadband internet content provider. The company offers a variety of communications services to business customers. It was founded in 1997 and is headquarters in Greenville, South Carolina.

Carolina BroadBand

Private Equity Round in 2000
Carolina BroadBand Inc. is a new, privately-held company offering Carolina residents and businesses a choice in providers for broadband multi-media service, including bundled local cable, Internet access and digital local and long-distance telephone services.