Carousel Capital

Carousel Capital is a North Carolina-based private investment firm founded in 1996, specializing in mid-market investments primarily in the Southeastern United States. The firm focuses on three key growth sectors: business services, healthcare services, and consumer products and services. Carousel Capital has a proven record of collaborating with management teams to develop companies that achieve national and global prominence. Its investor base includes institutional investors and a distinguished group of over one hundred current and former corporate Chief Executive Officers, who contribute to the firm by sourcing investment opportunities and offering valuable industry insights and strategic guidance.

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

Ellen D. Maxey

Senior Associate

Reid T. Morin

Associate

Tyler Moses

Vice President

Dalton M. Nicholson

Senior Associate

Emma Park

Associate

L. Clayton Roberts

Associate

John S. Robinson

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

36 past transactions

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.

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.

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

Armstrong Transport Group

Private Equity Round in 2019
Armstrong Transport Group, LLC provides freight transportation services worldwide. It offers truckload, less than truckload, refrigerated, heavy haul, rail, expedited, air, and international transportation services. The company was founded in 2006 and is based in Charlotte, North Carolina with a network of offices in the United States.

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.

Transflo

Private Equity Round in 2021
Transflo develops software applications and services that deliver mobility, acceleration, and intelligent business processes to the transportation industry. The company provides real-time communications to fleets, brokers, and commercial vehicle drivers. Its mobile and cloud-based technologies digitize almost 500 million shipping documents each year, representing approximately $54 billion in freight bills. Organizations throughout its client and partner network use the solution suite to improve efficiency, improve cash flow, and reduce costs. Transflo is headquartered in Tampa, Florida.

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.

Caldwell and Gregory

Private Equity Round in 2013
Caldwell and Gregory, Inc. provides commercial laundry equipment and laundry rooms. The company provides front load and top load washers, and single and stack dryers for colleges, universities, apartments, condominiums, coin laundry stores, and commercial and industrial applications. The company also offers on-premise commercial laundry and repair services. Caldwell and Gregory, Inc. was founded in 1990 and is headquartered in Manakin Sabot, Virginia.

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.

Landscape Workshop

Private Equity Round in 2020
Landscape Workshop is a full-service grounds management company that has been providing professional service and expert maintenance for outdoor commercial spaces for more than 30 years. Our goal is to help our customers achieve their business goals, maintain their property value, and attract new customers and tenants.

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.

Armstrong Transport Group

Private Placement in 2019
Armstrong Transport Group, LLC provides freight transportation services worldwide. It offers truckload, less than truckload, refrigerated, heavy haul, rail, expedited, air, and international transportation services. The company was founded in 2006 and is based in Charlotte, North Carolina with a network of offices in the United States.

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

Huseby

Private Equity Round in 2018
Huseby is a global leader in court reporting, trial support services, interactive real-time technology and mobile litigation support services. Huseby empowers the on-the-go attorney by bringing your office to your mobile device. Take a deposition via web conference with HD capability using your laptop, iPad and even your iPhone. Use your iPhone, Blackberry or Android to access your calendar and make changes to your schedule, and access critical case transcripts and exhibits from anywhere, securely.

Jameson

Private Equity Round in 2007
Established in 1956, Jameson is a manufacturer and solutions provider. Jameson’s line-up of high quality, professional grade products are utilized in lighting applications, inside wiring, underground cabling and locating, aerial cabling, line clearance and tree trimming. In 2000, Jameson developed stringable fluorescent lights that revolutionized expeditionary shelter lighting with their light weight and efficiency. The line was further expanded with EMI hardened shelter lights to protect troops from detection and electronic equipment from interference. Today, Jameson is proud to offer LED, fluorescent and medical lighting for all branches of the U.S. military.

Process Equipment, Inc.

Merger/Acquisition in 2019
Process Equipment, Inc., doing business as ProcessBarron, designs, manufactures, installs, maintains, and repairs bulk material handling, air handling, and ash handling equipment for various heavy industrial applications. Its air handling products include industrial fans, such as airfoil, forward curved, backward curved, backward inclined, radial blade, and radial tip fans; dampers, including louver, butterfly, vortex, stack cap, and slide gates and guillotine dampers, as well as flow diverters, goggle valves, and isolation doors; metal and fabric expansion joints; dust collectors, including upgrades and replacements, and dust collector tubes; ducts and stacks; and overfire air and flue gas recirculation systems. The company’s material handling products include bulk material handling systems; reclaim systems, such as screw metering bins, as well as drag chain, circular screw, and traveling screw reclaimers for storage and metering; custom material handling conveyors, including drag chain, screw, and belt conveyors; materials screening and classifying products; and material handling components and spare parts. Its ash handling products include fly ash conveyor systems, bottom ash conveyor systems, recovery boiler salt cakes, rotary feeders, and double dump valves, as well as ash silos, conditioners, and unloaders. The company also offers auxiliary equipment, including custom equipment, access doors, boiler retrofits and upgrades, kiln seals and seal leaves, and air heaters and economizers. In addition, it provides emergency repair, onsite technical, construction, turnkey, and preventive maintenance services. The company serves biomass, power, cement and lime, steel and metals, and paper industries in North and South America. It offers its products through sales representatives in the United States, Canada, and Latin America. Process Equipment, Inc. was founded in 1981 and is based in Pelham, Alabama.

Landscape Workshop

Merger/Acquisition in 2020
Landscape Workshop is a full-service grounds management company that has been providing professional service and expert maintenance for outdoor commercial spaces for more than 30 years. Our goal is to help our customers achieve their business goals, maintain their property value, and attract new customers and tenants.

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.

Reliance Partners

Private Equity Round in 2022
Reliance Partners was incorporated in 2009 by a group of individuals with a common goal: to be the best independent agency in the insurance industry. Although the US economy was unsteady at the time, Reliance Partners’ foundation– an entrepreneurial spirit coupled with a sound financial mind– was solid. In a short time, Reliance Partners has become a leading insurance brokerage and consultant for the transportation, logistics, hospitality, and manufacturing industries. With a sharp eye on an ever-changing marketplace, Reliance Partners provides its customers with the best coverage at the most cost-efficient pricing. Rather than simply selling insurance products, Reliance Partners offers solutions-based resources aimed at promoting the success and financial well-being of our clients.

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.

Mergent

Private Equity Round in 2008
Mergent, Inc. has been a leading provider of business and financial information on public and private companies globally. Mergent is known to be a trusted partner to corporate and financial institutions, as well as to academic and public libraries. Today we continue to build on a century of experience by transforming data into knowledge and combining our expertise with the latest technology to create new global data and analytical solutions for our clients. With advanced data collection services, cloud-based applications, desktop analytics and print products, Mergent and its subsidiaries provide solutions from top down economic and demographic information, to detailed equity and debt fundamental analysis.

Nestor Sales

Private Equity Round in 2005
Nestor Sales is a national tool and equipment distribution company that operates under the mission of making Their customers, employees and vendor partners more successful. Established in 1971, and headquartered in Largo, Florida, Nestor Sales has grown steadily over the years in its accomplishment of that mission. The company’s targeted market segments include transportation and fleet maintenance, marine and composites, industrial manufacturers, RV and manufactured housing, and the automotive marketplace. The company focuses its efforts on these segments through its independent divisions, Ace Tool Company, Eastern Tool Warehouse (ETW), Tool Specialists, ALCO Tool Supply (ATS), AIM Supply, and Alco Tool Supply.

AgData

Private Equity Round in 2006
AGDATA, an AgKnowledge Company, is the leading provider of strategic data and analytical solutions to the world’s largest agricultural crop protection and animal health manufacturers. Our company maintains direct connectivity to more than 9,500 industry retailers and distributors, representing more than 90% of the U.S. market. Based in Charlotte, North Carolina, AGDATA operates throughout the United States and Canada. AGDATA provides mission-critical strategic data solutions, including outsourced database management, marketing program administration, data collection, and data analysis 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.

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.

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!

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.

Huseby

Private Placement in 2018
Huseby is a global leader in court reporting, trial support services, interactive real-time technology and mobile litigation support services. Huseby empowers the on-the-go attorney by bringing your office to your mobile device. Take a deposition via web conference with HD capability using your laptop, iPad and even your iPhone. Use your iPhone, Blackberry or Android to access your calendar and make changes to your schedule, and access critical case transcripts and exhibits from anywhere, securely.

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.

Palmetto Infusion

Merger/Acquisition 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.

O.R. Colan

Private Equity Round in 2024
O.R. Colan is a real estate agency based in the state of North Carolina.

Copac

Private Equity Round in 2009
Copac provides packaging services to domestic and global customers in specific niche markets, focusing on high-end folding cartons, labels, inserts, hanging tags, and envelopes.