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MidStates Capital

MidStates Capital acquires controlling stakes in established, profitable businesses, from USA. It states a focus on business & professional services, consumer & retail and industrials & manufacturing.

Capital raised$12macross 1 SEC-filed vehicle
Most recent fund2014
HeadquartersUSA
Stated fund size125000000

Stated investment criteria

What MidStates Capital says it buys

Read from MidStates Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Enterprise value it states$5m to $50m1
Revenue it states$10m to $100m1

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Nothing here is a commitment by MidStates Capital to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What MidStates Capital has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed1
Total capital raised$12m
Largest single vehicle$12m
Filing history2014
Smallest accepted commitmentNone stated
Filed fromKANSAS

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Valuation context

Transaction values in Business & Professional Services

What companies have actually sold for in business & professional services, across 668 recorded transactions.

Median consideration$55m
Middle 50%$11m-$200m
Revenue multiple1.2×
EBITDA multiple8.5×

The full business & professional services picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other buyout pe investors active in business & professional services.