PROPEL EQUITY LLC
PROPEL EQUITY LLC is a Series C+, growth-equity and buyout fund in the US and Canada writing up to $100M checks into Enterprise, Marketplaces, business-services, industrial, medical-technology, tech-enabled-services, commercial-services, distribution-logistics, engineered-products, electronic-components, motion-control, industrial-services, residential-services, automotive-aftermarket, food-ingredients, consumer-products, components-systems, consumables and life-science-instruments.
- Stages
- Series C+, growth-equity, buyout
- Sectors
- Enterprise, Marketplaces, business-services, industrial, medical-technology, tech-enabled-services, commercial-services, distribution-logistics, engineered-products, electronic-components, motion-control, industrial-services, residential-services, automotive-aftermarket, food-ingredients, consumer-products, components-systems, consumables, life-science-instruments
- Check size
- up to $100M
- Invests in
- US-wide, Canada
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2023
- Website
- propelequity.com
Thesis
Propel Equity LLC is a private equity firm founded in 2023 and headquartered in Boston, Massachusetts. They focus on partnering with lower-middle market companies in the United States and Canada to drive transformational growth. Their investment thesis centers on control investments in profitable businesses with $2 to $10 million of EBITDA and valuations up to $100 million. Propel Equity targets four core sectors: Business Services (including tech-enabled services, commercial services, distribution & logistics, professional services, and SaaS), Industrial (engineered products, electronic components, motion & control, industrial services), Consumer (residential services, automotive aftermarket, food & ingredients, consumer products), and Medical Technology (components & systems, consumables, life science instruments). The firm's founders, Ryan Bruehlmann and Franklin Foster, have extensive experience from Audax Private Equity. Propel Equity is actively seeking new investments and operates as a growth equity firm, also engaging in PE/Buyout activities.
Common questions
Does PROPEL EQUITY LLC invest at the Series C+ stage?
Yes. PROPEL EQUITY LLC lists Series C+, growth-equity and buyout among the stages it invests in.
What check size does PROPEL EQUITY LLC write?
PROPEL EQUITY LLC writes up to $100M checks.
Where does PROPEL EQUITY LLC invest?
PROPEL EQUITY LLC invests in the US and Canada.