Plexus Capital

Plexus Capital is a private investment firm that provides flexible capital solutions to lower middle-market companies across the United States. The firm employs a multi-strategy approach, encompassing both structured capital and control equity buyout investments. Their structured capital strategy typically involves a combination of debt and equity, while their buyout strategy focuses on acquiring control positions in businesses. Plexus Capital targets profitable companies with revenues generally ranging from $10 million to $100 million and EBITDA between $2 million and $15 million. The firm aims to be a long-term partner, supporting growth, recapitalizations, management buyouts, and acquisitions for small and mid-sized businesses.

Founded in 2005 by five former Centura Bank executives, including Bob Anders, Plexus Capital has built a significant presence in the lower middle market. The firm has successfully raised over $3.5 billion across nine funds, demonstrating consistent investor confidence and a robust fundraising track record. Their strategic expansion includes the launch of dedicated equity buyout funds, such as Plexus Equity Fund I in 2021 and Plexus Equity Fund II, which closed with $345 million in 2025. This growth underscores their commitment to offering diverse capital solutions to meet the evolving needs of their portfolio companies.

Plexus Capital's investment portfolio spans a variety of sectors, including Business Services, Healthcare, Technology, Manufacturing, Retail & Consumer, Value-Added Distribution, Industrials, Materials, Energy, Utilities, Telecommunication Services, and Financials. Notable investments include companies like Richmond Traffic Control, Utility Rates Analysts, Doman Energy, Watchtower Capital (Fence Builders, Green Hill Fence Company), and Ace Solutions. The firm prides itself on a thesis-driven approach, leveraging industry experts and a deep pool of seasoned operating partners to identify and build value in their investments. Their team of approximately 51-100 professionals, led by partners such as Michael Painter, Mike Becker, Jay Jester, Will Anders, Alex Bean, and Brad Pence, brings extensive experience in the middle market, focusing on strong relationships and a collaborative approach to foster growth.