Patriot Capital

Patriot Capital is a private equity firm based in Baltimore, Maryland, focusing on investments in lower middle-market companies across the United States. The firm specializes in providing debt and equity capital for acquisitions, management buyouts, and recapitalizations, typically targeting companies with enterprise values ranging from $15 million to $100 million. Additionally, Patriot Capital makes business expansion investments between $3 million and $20 million.

The firm's investment strategy encompasses a range of stages, including buyouts, growth, expansion, and recapitalizations. Patriot Capital has a diverse portfolio, with investments in various industries such as business services, consumer products, niche manufacturing, distribution, education, e-commerce, application software, transportation, and telecom services. The firm emphasizes a relationship-driven approach, aiming to build long-term partnerships with management teams to support growth and operational improvements.

Patriot Capital has a track record of over 150 investments and has raised multiple funds, including the Patriot Capital III SBIC, LP. The firm's most recent investment was in July 2025, when Vermana raised a new funding round. Notable exits include Gautier Steel, Naprotek, and BG Staffing. The firm's general partners have extensive operating and financial experience in building successful growth companies across its target industries.