Firm at a glance
Stonehenge Partners is a platform private equity firm headquartered in Columbus, OH, per its own website [S1]. The firm reports over $1.4 billion of capital commitments and is currently investing from Fund V [S1].
What they buy
Based on publicly disclosed portfolio holdings, Stonehenge Partners appears to concentrate on middle-market companies across business services, distribution, and manufacturing sectors [S1]. The firm’s portfolio includes franchise concepts, specialty distribution businesses, and niche industrial manufacturers. Recent acquisitions suggest a focus on companies with established market positions in specialized verticals, including industrial products distribution and event services [S1][S2].
Portfolio
Business Services
Rita’s Italian Ice & Frozen Custard, Associated Graphics, Mashburn Outdoor, Curated Events (acquired August 2023), EcoSystems, The Sports Facilities Companies (acquired October 2022), Salon Freedom, and True North Asphalt [S1].
Distribution
Motion & Flow Control Products (acquired December 2024) and Stratus Surfaces (acquired October 2023) [S1].
Manufacturing
EXAIR and Cold Jet [S1].
Recent activity (last 24 months)
* December 2024: Acquired Motion & Flow Control Products [S2]
* October 2023: Acquired Stratus Surfaces [S2]
* August 2023: Acquired Curated Events [S2]
* July 2023: Exited PPM Technologies [S2]
How this firm fits a seller
Stonehenge Partners appears positioned for owner-operators in business services, distribution, and manufacturing who have built specialized market positions. The firm’s portfolio composition suggests experience with both consumer-facing franchise models and industrial B2B businesses. With approximately $1.4 billion in capital commitments and active deployment through Fund V, the firm demonstrates capacity for platform acquisitions in the middle market [S1]. The recent exit of PPM Technologies in July 2023 indicates the firm actively realizes investments [S2].
Sources
[S1] https://stonehengepartners.com (as of 2025-01-15)
[S2] https://stonehengepartners.com/news/ (as of 2025-01-15)
Frequently asked questions
Does Stonehenge Partners buy business services businesses?
Yes, business services represents a significant portion of Stonehenge Partners’ publicly disclosed portfolio. The firm holds at least eight business services companies including franchise concepts, event services, and specialty service providers [S1]. Recent acquisitions include Curated Events in August 2023 [S2].
What companies has Stonehenge Partners acquired recently?
Stonehenge Partners’ most recent disclosed acquisitions include Motion & Flow Control Products in December 2024, Stratus Surfaces in October 2023, and Curated Events in August 2023 [S2]. These transactions span distribution and business services sectors.
Where is Stonehenge Partners based and how big is the firm?
Stonehenge Partners is based in Columbus, OH [S1]. The firm reports over $1.4 billion of capital commitments and is currently investing from Fund V, per its website as of January 2025 [S1].
Is Stonehenge Partners still actively acquiring?
Yes, Stonehenge Partners appears actively acquiring based on its December 2024 acquisition of Motion & Flow Control Products [S2]. The firm is currently deploying capital from Fund V [S1].
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.