Carousel Capital

Carousel Capital is a private investment firm based in Charlotte, North Carolina, founded in 1996. The firm specializes in investing in companies located in the Southeastern United States, focusing on three key sectors: business services, consumer products and services, and healthcare services. Carousel Capital has built a strong reputation for partnering with management teams to develop and enhance companies with aspirations for national and global reach. Its investor base includes institutional investors and a distinguished group of over one hundred current and former Chief Executive Officers, who contribute valuable insights and strategic support while aiding in opportunity sourcing. As a Registered Investment Adviser, Carousel Capital is committed to fostering growth and innovation within its portfolio companies.

Peter Clark

Principal

Alan Welch

Partner

33 past transactions

O.R. Colan

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

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.

​Quality Automotive Services

Acquisition in 2022
​Quality Automotive Services is a franchisee of Valvoline Instant Oil Change.

Legacy Data Access

Private Equity Round in 2021
Legacy Data Access, LLC specializes in providing tools and solutions designed to assist healthcare organizations in managing their legacy data while reducing costs and improving operational efficiency. Established in 1999 and headquartered in Marietta, Georgia, the company focuses on the storage, maintenance, and management of data from various legacy systems, including mainframe and Unix platforms. It offers web-based access to retired data, ensuring that healthcare organizations can maintain clinical and financial information for extended periods. By linking legacy systems with modern web-enabled technologies, Legacy Data Access enables these organizations to comply with regulatory requirements and streamline data retrieval processes. The company aims to alleviate the complexities and expenses associated with data conversions, ultimately supporting healthcare CIOs in their efforts to enhance productivity and safeguard their investments in legacy systems.

Landscape Workshop

Private Equity Round in 2020
Landscape Workshop LLC is a full-service grounds maintenance company based in Birmingham, Alabama, with branch locations across the Southeast, including Tennessee, Arkansas, Kentucky, Mississippi, Georgia, and Florida. Established in 1984, the company specializes in providing landscaping services for a diverse range of clients, including healthcare facilities, educational institutions, municipalities, and commercial properties. Its offerings encompass landscape construction and installation, maintenance and design, irrigation services, and seasonal color programs. Additionally, Landscape Workshop provides services such as weed and insect control, arbor care, snow and ice removal, power sweeping, and pressure washing. Through its comprehensive services, the company aims to help clients enhance property value, maintain outdoor spaces, and attract new customers and tenants.

APEX Analytix

Private Equity Round in 2020
APEX Analytix, LLC provides audit services and technology solutions aimed at preventing overpayments and managing supplier relationships for retail and commercial clients globally. Founded in 1988 and headquartered in Greensboro, North Carolina, with additional offices in Hong Kong and the UK, the company offers proprietary software such as FirstStrike and SmartVM. FirstStrike helps prevent supplier overpayments and automates related processes, while SmartVM focuses on maintaining accurate and updated supplier information. APEX Analytix also specializes in accounts payable audits, fraud detection, procurement analytics, and dynamic discounting, serving a diverse range of sectors including healthcare, manufacturing, and utilities. With a global presence and a deep understanding of various cultures, APEX Analytix safeguards a substantial volume of disbursements and maintains an extensive supplier database, positioning itself as a trusted advisor for procure-to-pay teams worldwide.

Ethos Risk Services

Private Equity Round in 2020
Ethos Risk Services is a provider of investigative and risk mitigation services, specializing in claims management to assist clients in combating fraud. The company offers a comprehensive range of services, including fraud claims investigations, field surveillance, digital investigations, due diligence, background checks, and special investigations. Ethos Risk Services serves a variety of insurance clients, including those in workers' compensation, auto liability, homeowners, life and health, and disability sectors. With a focus on delivering essential information, the company enables its clients to make informed decisions and effectively manage risks.

Armstrong Transport Group

Private Equity Round in 2019
Armstrong Transport Group, LLC is a third-party logistics company based in Charlotte, North Carolina, established in 2006. The company specializes in freight transportation services globally, offering a comprehensive range of solutions including truckload, less than truckload, refrigerated, heavy haul, rail, expedited, air, and international transportation. It operates through a network of independent agents and employees, providing logistics expertise and reliable customer service. Armstrong Transport Group aims to assist clients in navigating the complexities of modern shipping demands while delivering tailored logistics solutions.

Palmetto Infusion

Private Equity Round in 2019
Palmetto Infusion Services, LLC, founded in 1999 and based in West Columbia, South Carolina, specializes in providing comprehensive infusion therapies for patients with acute and chronic illnesses. The company operates 17 facilities throughout South Carolina, offering both ambulatory and home-based infusion services. These services include the administration of infusion medications, the provision of necessary supplies, educational support, and access to specialty drugs. In addition to medical treatment, Palmetto Infusion emphasizes emotional support, aiming to enhance patients' well-being and overall quality of life through high-touch care and personalized solutions.

Huseby

Private Equity Round in 2018
Huseby Incorporated is a prominent provider of court reporting, trial presentation, and litigation support services for the legal community in the United States and internationally. Founded in 1928 and headquartered in Charlotte, North Carolina, Huseby offers a comprehensive range of services, including national court reporting, legal videography, real-time solutions, online case management, and secure repositories for transcripts and exhibits. The company's trial support services encompass expert consultations, electronic presentations, pre-trial digitizing, and courtroom installations. Huseby also facilitates mobile access for attorneys, enabling them to conduct depositions and manage schedules through various devices. With additional regional offices in major cities, Huseby is equipped to meet the diverse needs of law firms and corporate legal departments effectively.

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 Software 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 specializing in fire protection equipment and services for businesses of all sizes. The company offers a comprehensive range of products, including fire extinguishers, fire suppression systems, fire alarms, fire sprinklers, and backflow preventers. In addition to product sales, Pye-Barker provides essential services such as monitoring, inspection, maintenance, and repair, ensuring that clients can maintain a safe environment. The company's expertise in sprinkler installation and inspections, along with industrial cleaning services, further enhances its capability to address the diverse safety needs of its customers.

Expedited Travel

Private Equity Round in 2016
Expedited Travel, LLC is a provider of passport and travel visa expediting services based in West Palm Beach, Florida, with additional offices in several major cities across the United States. Founded in 2007, the company specializes in facilitating various passport services, including new applications, renewals, and assistance with lost, stolen, or damaged passports, as well as child passports and name changes. Expedited Travel distinguishes itself by offering rapid processing of travel documents, often completing requests within 24 hours, in contrast to the standard government processing time, which can take up to three months. The company serves both individual clients through user-friendly online portals and corporate clients requiring efficient travel documentation solutions.

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, LLC provides audit services and technology solutions aimed at preventing overpayments and managing supplier relationships for retail and commercial clients globally. Founded in 1988 and headquartered in Greensboro, North Carolina, with additional offices in Hong Kong and the UK, the company offers proprietary software such as FirstStrike and SmartVM. FirstStrike helps prevent supplier overpayments and automates related processes, while SmartVM focuses on maintaining accurate and updated supplier information. APEX Analytix also specializes in accounts payable audits, fraud detection, procurement analytics, and dynamic discounting, serving a diverse range of sectors including healthcare, manufacturing, and utilities. With a global presence and a deep understanding of various cultures, APEX Analytix safeguards a substantial volume of disbursements and maintains an extensive supplier database, positioning itself as a trusted advisor for procure-to-pay teams worldwide.

HEPACO

Private Equity Round in 2011
HEPACO is a provider of essential environmental and emergency services focused on environmental remediation. The company specializes in emergency response, environmental remediation, maritime services, wastewater treatment, and various industrial services. It serves a diverse range of end markets, assisting clients in effectively responding to environmental contamination incidents and mitigating potential threats. Through its comprehensive offerings, HEPACO plays a crucial role in managing and addressing environmental challenges.

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.

Mergent

Private Equity Round in 2008
Mergent, Inc. is a prominent provider of business and financial information on both public and private companies globally. With a history dating back to 1900, the company offers a range of research solutions, including Mergent Online for comprehensive company and industry insights, Mergent Intellect for worldwide business information, and Mergent Bondviewer for bond data. Additionally, Mergent provides industry reports through First Research and access to competitive benchmarking data via Dun & Bradstreet Key Business Ratios. Its offerings extend to analytics, data feeds, cloud-based applications, and investor relations solutions. Mergent serves a diverse clientele, including academic, corporate, and financial institutions, as well as public libraries worldwide. The company is headquartered in Fort Mill, South Carolina, and has additional offices in various international locations. Mergent operates as a subsidiary of the London Stock Exchange Group plc.

Driven Brands

Private Equity Round in 2008
Driven Brands is an automotive services company based in North America, specializing in a broad spectrum of consumer and commercial automotive needs. The company offers services that include paint, collision repair, glass replacement, and vehicle maintenance, as well as high-frequency services such as oil changes and car washes. As the parent company of several well-known automotive service brands, including Take 5 Oil Change, Meineke Car Care Centers, Maaco, 1-800-Radiator & A/C, and CARSTAR, Driven Brands operates over 4,100 centers across 15 countries and services more than 50 million vehicles each year. The company's extensive network generates significant revenue, reflecting its strong presence in the automotive service industry.

Axium Healthcare Pharmacy

Private Equity Round in 2006
Axium Healthcare Pharmacy Inc. is a nationwide clinical specialty pharmacy based in Lake Mary, Florida, licensed to operate in all 50 states. The pharmacy focuses on providing physicians, patients, health plans, and other healthcare providers with a range of injectable and oral brand-name medications, alongside compounded pharmaceutical products. Axium is committed to enhancing health outcomes through a comprehensive approach, facilitated by a skilled patient care team that includes doctors of pharmacy, registered nurses, reimbursement specialists, and dedicated patient care coordinators. This team is dedicated to delivering high-quality care and clinical support with each prescription, ensuring that patients receive the necessary guidance and assistance throughout their treatment process.

AGDATA

Private Equity Round in 2006
AgData, an AgKnowledge Company based in Charlotte, North Carolina, offers strategic data and analytical solutions primarily to the agricultural crop protection and animal health sectors. The company connects directly with over 9,500 industry retailers and distributors, covering more than 90% of the U.S. market. AgData provides a variety of services including outsourced database management, marketing program administration, data collection, and analysis. Its comprehensive suite of solutions enables manufacturers to effectively manage data intelligence and marketing programs, while also allowing growers to verify their industry profiles. Retailers benefit from tools to review, report, and manage transactions and licenses associated with growers, ensuring streamlined operations within the agricultural sector.

Express Oil Change & Tire Engineers

Venture Round in 2005
Express Oil Change & Tire Engineers has been a prominent provider of automotive services in the United States since its inception in 1979. With over 300 locations across 19 states, the company specializes in quick and efficient oil changes, boasting a signature 10-minute process. In addition to oil changes, Express Oil Change & Tire Engineers offers a comprehensive range of mechanical services, including tire sales, brake services, alignments, and other maintenance and repair solutions. The company is committed to delivering high-quality service and total car care, ensuring that customers can receive all necessary vehicle maintenance in a single, convenient location.

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.

Meineke Car Care Center

Private Equity Round in 2003
Meineke Car Care Center in Apopka, FL has a variety of oil change coupons including special offers like Roadside Assistance and savings on synthetic oil changes. Meineke provides complete car care and regular maintenance services like oil changes. Meineke Car Care Center in Apopka, FL guarantees your satisfaction. Quality workmanship, a friendly professional staff and quality parts are the reasons why our customers rely on Meineke to protect their cars year after year. Meineke Car Care Center, Meineke, Apopka, FL, Florida, Auto Repair, Auto Parts, ABS, Brake Service, Air Conditioning, Service, Batteries, Belts, Brake Fluid Flush, Brakes, Clutches, Cooling System, Engine Diagnostics, Exhaust, Front End Repair, Fuel Injection, Engine Repair, Oil Change Service, Safety Inspection, Ride Control, Se Habla Espanol, Shuttle Service, Tire Rotation, Tires, Transmission Fluid Service, Tune-ups, Wheel Alignment, Wheel Balancing, Wiper Blades

NewSouth Communications

Private Equity Round in 2000
NewSouth Communications is a broadband internet content provider based in Greenville, South Carolina. Founded in 1997, the company specializes in delivering a range of communications services tailored for business customers. Its offerings include data, internet, and voice products, along with other advanced communications solutions designed to meet the diverse needs of its clientele. Through its comprehensive service portfolio, NewSouth Communications aims to enhance connectivity and support business operations across various sectors.

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.

Simpson Performance Products

Acquisition in 1998
Simpson Performance Products designs and manufactures racing safety equipment for the motorsports industry. The company offers head and neck restraints, helmets, racing suits, custom racing suits, twisted stitch off road seats, gloves, shoes, drag parachutes, child safety seats, headwear, logo apparel, apparel and bags, and underwear and accessories. It also offers team gear, including apparel, aprons, gear bags, gloves, shoes, custom embroidery products, and custom sublimated products. The company offers its products for various sports, such as circle track, dirt track, drag, karting, off road, motorcycle, and road racing sports. It sells its products through its retail stores and online. Simpson Performance Products was founded in 1959 and is headquartered in New Braunfels, Texas.
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