Top Private Equity Firms in Utah
Utah, often referred to as Silicon Slopes, is a hub for private equity activity, with firms like Sorenson Capital and Mercato Partners driving growth across technology, healthcare, and consumer goods sectors.
Utah, often referred to as Silicon Slopes for its thriving technology ecosystem, has become a hub for private equity (PE) activity. The state's entrepreneurial spirit and rapidly growing industries make it a fertile ground for investment.
In this article, we’ll highlight the top Utah private equity firms, showcasing their investment strategies, notable contributions, and impact on the local economy.
Sorenson Capital
Sorenson Capital, headquartered in Lehi, Utah, is a premier private equity firm specializing in small to middle-market companies. Established in 2002, the firm focuses on growth equity and buyout investments across sectors such as technology, healthcare, and consumer products.
Two standout examples of the firm's success include Oyster and Harness. Sorenson Capital’s investment in Oyster, a global employment platform, has been pivotal in helping the company scale its operations and expand its impact in the remote work landscape. Similarly, Sorenson’s partnership with Harness, a modern software delivery platform, has empowered the company to innovate and deliver solutions that streamline DevOps processes for enterprises worldwide.
With a strong track record of fostering innovation and delivering value, Sorenson Capital has solidified its role as a cornerstone of Utah’s thriving private equity ecosystem.
Mercato Partners
Based in Salt Lake City, Utah, Mercato Partners is a distinguished growth equity firm founded in 2007. The firm specializes in partnering with high-growth companies in the technology, consumer, and digital media sectors. Known for its hands-on approach, Mercato works closely with its portfolio companies to develop effective go-to-market strategies, enhance operational efficiency, and drive sustainable growth.
One notable success is Stance, a premium sock and apparel brand. Mercato played a key role in helping Stance expand its distribution channels and establish a compelling brand presence in the competitive retail market.
Peterson Partners
Peterson Partners, headquartered in Salt Lake City, Utah, is a versatile private equity firm with a broad investment focus. Since its founding in 2003, the firm has partnered with over 200 companies across diverse sectors, including consumer goods, financial services, and technology. Renowned for its flexible approach, Peterson Partners collaborates with businesses at various stages of growth, from startups to well-established enterprises.
A standout investment is Allbirds, the eco-friendly footwear brand known for its commitment to sustainability. Peterson Partners’ early-stage investment was instrumental in helping Allbirds scale its operations and achieve global recognition as a leading sustainable brand.
Tower Arch Capital
Located in Draper, Utah, Tower Arch Capital is a private equity firm specializing in partnering with small to mid-sized businesses. Founded in 2013, the firm focuses on management buyouts, recapitalizations, and growth equity investments. Tower Arch takes a collaborative approach, working closely with management teams to create tailored growth strategies that enhance operational performance and unlock value.
Notable investments by Tower Arch Capital include ACS Manufacturing and Infolinks. ACS Manufacturing, a leading provider of custom acoustic and noise control solutions, has seen significant growth and operational improvements under Tower Arch's guidance. Similarly, Infolinks, a global leader in advertising technology, has benefited from Tower Arch’s strategic support, enabling it to expand its innovative solutions and reach new markets.
Hunter Search Capital
Hunter Search Capital, based in Salt Lake City, is a niche private equity firm focusing exclusively on the search fund model. Established in 2016, the firm partners with entrepreneurs who are acquiring and operating small to mid-sized businesses. Hunter Search Capital provides not just financial backing but also mentorship and strategic guidance to search fund operators, helping them succeed in their ventures.
One of Hunter Search Capital’s key successes includes its 2023 investment in Vantage, a UK-based vertical software company providing innovative solutions for charities and non-profit healthcare providers. Through its strategic guidance and financial backing, Hunter Search Capital has supported Vantage in enhancing its product offerings and expanding its impact within the non-profit sector.
Polar Star Capital Partners
Polar Star Capital Partners is a private equity firm focused on providing growth capital to mid-market companies across a range of sectors, including healthcare, industrials, and technology. Established in 2015, the firm specializes in partnering with businesses that have strong potential for expansion and strategic value creation.
Bestige Holdings
Bestige Holdings, located in Park City, Utah, is a private equity firm focused on investing in middle-market companies with significant growth potential. Founded in 2010, Bestige Holdings targets businesses in sectors such as consumer goods, technology, and business services. The firm takes a collaborative approach to investments, offering both capital and strategic support to help businesses expand and optimize their operations.
A notable investment by Bestige Holdings is Animal Health Partners, a leading provider of veterinary services and healthcare solutions. Bestige’s support has been instrumental in helping Animal Health Partners grow its network of veterinary clinics and enhance its service offerings, cementing its position as a trusted name in the animal healthcare industry.
Let’s Recap
Utah is a thriving hub for private equity activity, with firms playing a key role in the growth and success of businesses across industries, from technology to consumer goods. These firms stand out for their strategic investments, hands-on approach, and commitment to creating long-term value for their portfolio companies.
Whether you’re an entrepreneur seeking capital to scale your business or an established company looking for a partner to drive operational improvements, Utah’s private equity firms offer exceptional opportunities. To find the right private equity firm for your needs, platforms like Private Equity List make it easy to identify relevant investors and connect with them.
Sign up for free today to find your ideal private equity partner and elevate your business to the next level.
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Frequently Asked Questions
What is private equity?
Private equity involves investing in companies, typically through the acquisition of equity stakes, with the goal of improving operational efficiency and generating significant returns. PE firms often invest in private companies or acquire public companies to take them private.
How do private equity firms help businesses?
Private equity firms provide companies with financial capital, operational guidance, and strategic expertise. This support helps businesses scale, enter new markets, optimize operations, and improve profitability.
What industries do private equity firms in Utah focus on?
Private equity firms in Utah often focus on technology, consumer goods, healthcare, and industrial sectors. The state’s burgeoning tech scene, in particular, attracts substantial PE investment.
What is the difference between growth equity and buyouts?
Growth equity involves investing in companies that have proven business models but need additional capital to scale. In contrast, buyouts typically involve acquiring a majority or controlling stake in a company to improve its operations and profitability.
How can I find the right private equity firm?
Platforms like Private Equity List can help you connect with private equity firms that align with your business needs. These platforms allow you to filter firms based on factors like industry focus, investment stage, and location.