COLD BORE CAPITAL
COLD BORE CAPITAL is a Series C+ and buyout fund in the US investing in business-services, healthcare-services, consumer-services, testing-inspection-certification, disaster-restoration, janitorial-services and pest-control.
- Stages
- Series C+, buyout
- Sectors
- business-services, healthcare-services, consumer-services, testing-inspection-certification, disaster-restoration, janitorial-services, pest-control
- Invests in
- US-wide
- Actively investing
- Yes
- Founded
- 2017
- Assets under management
- $41.6M+
- Website
- coldborecapital.com
Check size not disclosed
Thesis
Cold Bore Capital (CBC) is a Chicago-based private equity firm founded in 2017, specializing in the lower-middle market. CBC targets companies with EBITDA between $500,000 and $5 million, employing a 'buy-and-build' strategy to scale platforms through accretive add-on acquisitions. Key sectors of interest include Business Services (BPO, managed IT, staffing), Healthcare Services (specialty pharmacies, physical therapy, home health), Consumer Services (pet services, prepared foods), and Other Services (testing, inspection, disaster restoration, janitorial, pest control). Geographically, CBC focuses on U.S.-based companies, particularly in the East, Midwest, and South. While specific AUM is not consistently disclosed, Cold Bore Capital Fund II LP raised over $41.6 million towards a $200 million target, and Fund III was in the market as of June 2024. The firm has completed 35 acquisitions, investing a total of $143 million across its funds and co-investment vehicles.
Common questions
Does COLD BORE CAPITAL invest at the Series C+ stage?
Yes. COLD BORE CAPITAL lists Series C+ and buyout among the stages it invests in.
Where does COLD BORE CAPITAL invest?
COLD BORE CAPITAL invests in the US.