Sole Source Capital

Sole Source Capital is an operationally-focused private equity firm that targets investments in lower-middle market industrial companies across North America. The firm seeks founder-owned businesses or corporate carve-outs within fragmented, high-growth industrial subsectors, including precision manufacturing, diversified distribution, and industrial services. Sole Source Capital partners with strong management teams to drive significant operational improvements and unlock value.

The firm's investment strategy centers on identifying companies with EBITDA between $5 million and $20 million, operating in defensive end-markets with secular tailwinds and minimal customer concentration. Sole Source Capital employs a buy-and-build approach, leveraging its operating heritage and M&A capabilities to execute rapid transformations and achieve downside protection. The firm has a strong track record of delivering exceptional returns to its investors.

Founded in 2016 by David Fredston, Sole Source Capital is headquartered in Dallas, Texas, with an additional office in Santa Monica, California. The firm manages over $1 billion in assets and has invested from a pool of more than $550 million in committed capital. Sole Source Capital's dedicated in-house team helps identify and execute initiatives that drive significant operational improvement, positioning the firm as a leading partner for lower-middle market industrial companies seeking growth and value creation.