Providence Investment Partners

Providence Investment Partners is a Dallas-based private investment firm specializing in creative, flexible, and patient debt and equity capital for lower middle-market companies with EBITDA between $2 and $10 million. The firm targets investments primarily in Texas and the Southwest, though it invests across the U.S., partnering with management teams, owners, independent sponsors, and funded sponsors. Investment sizes typically range from $5 to $15 million, utilizing structures such as subordinated debt, unitranche debt, preferred equity, or common equity. Providence emphasizes industry-agnostic opportunities with a focus on sectors like consumer, healthcare, business services, and light manufacturing, prioritizing proven management, understandable business models, recurring revenues, and favorable industry trends.

The firm was established by partners including Jay Turner and Kevin Glomb to address the underserved need for flexible junior capital in the rapidly growing Texas and Southwest economies. In its early operations, Providence secured a Small Business Investment Company (SBIC) license and closed its debut fund, Providence Investment Partners I LP, at $185 million—exceeding its target with commitments from commercial banks, asset managers, family offices, and high-net-worth individuals. This fundraising success underscores the firm's purpose of enabling stakeholders to flourish through core values of teamwork, virtue, excellence, stewardship, and grit, while reflecting prudent management inspired by the concept of providence.

Providence's portfolio features diverse lower middle-market companies, including a manufacturer of custom vinyl-framed replacement windows, a blender of lubricants such as grease and engine oils, a commercial printer in decal screen printing, a debt collection agency, providers of natural food products and X-ray inspection services for food contaminants, a designer of kitchen gadgets, the largest Texas franchisee of Krispy Kreme Doughnuts, specialty western footwear retailers, distributors of high-performance metal alloys, an e-commerce growth agency, towing logistics providers, reverse logistics solutions for supply chains, fabricators of metal components for U.S. Navy vessels, installers of window treatments for hospitality brands, and manufacturers of spray foam insulation rigs.

The investment team combines decades of financial and operating experience across large and small companies, led by Partners Jay Turner (CFA) and Kevin Glomb (CFA, CPA), with Director Wilson Waggoner, Senior Associates Tyler Barke and Matt Landers, Analyst Luke Li, Chief Administrative Officer Carrie Cain, and additional support from experienced Ambassadors. New hires like Waggoner, with over 13 years in private equity and operations, and Landers, with investment analysis background, enhance sourcing, underwriting, due diligence, and value creation. The team focuses on building trust-based, long-term relationships and acting as collaborative value-add partners.