Peterson Partners revealed that its private equity business, Peterson Private Equity, has closed $265 million in Fund X. Fund X is focused on investing $10 million to $25 million in entrepreneurs and management teams in profitable and growth-oriented companies.
Peterson Private Equity is one of the earliest funds based in the Mountain West area. For the past two decades, it has actively invested in software, business services, healthcare, and consumer, including in companies like Packsize, NMA, Solid Core, and Blue Raven Solar.
With the closing of Fund X, Peterson Private Equity plans to make approximately 12 investments and has already invested in three companies Dura Software (a software aggregator of niche B2B SaaS companies), Packsize (a sustainable and smart packaging provider for e-commerce and retailers), and Kelso (a leader in commercial mechanical, electric, and plumbing services).
KEY QUOTES:
“Our passion is helping great people build great businesses. We are grateful for the active support of our investors, many of whom have been with us for more than twenty years, and many of whom have also been CEOs with us.”
- Clint Peterson, Managing Partner of Peterson Partners
“As most of our investments are sourced from CEOs and investors in the Peterson network, we have deep insights into the people we’re backing and the ways in which we can add value. In a world where capital is often a commodity, we find ways to accelerate growth by applying lessons from more than 300 companies and management teams we’ve backed over the years.”
- Brett Stohlton, Partner at Peterson Private Equity
“Kelso is a good example of what Peterson Partners is all about: helping an exceptional entrepreneur do the hard work of scaling a business while also maintaining its distinctive culture. We are grateful for our partnership with Steve Carroll, CEO of Kelso, and the incredible work he and his team are doing.”
- Spencer Clawson, Partner at Peterson Private Equity
“The support from Peterson goes far beyond their capital. We ultimately chose Peterson as our partner because of their track record of supporting entrepreneurs, especially in hard times.”
- Steve Carroll
