Align Capital Partners, a Dallas, TX and Cleveland, OH-based private equity firm, closed its second private equity investment fund, at $450m.
Led by Managing Partners Steve Dyke, Rob Langley and Chris Jones, ACP remains dedicated to the lower middle market with a tailored, growth-focused approach for companies with less than $150m of enterprise value. ACP is continuing to invest in B2B business services, specialty manufacturing, and value-added distribution companies with attractive core attributes and strong growth potential.
The inaugural $325m fund closed in September 2016. Since then, the firm has acquired eight platforms and closed 16 add-on investments to allow platform companies significantly scale.
With the closing of ACP II, Align Capital Partners has raised more than $775m since founding in 2016. The firm now has 18 team members in Dallas and Cleveland.