WACONA CAPITAL, LLC
WACONA CAPITAL, LLC is a Series C+ and buyout fund in the US writing $20M–$100M checks into industrial-services, electrical-services, engineering, architecture, design-services and construction.
- Stages
- Series C+, buyout
- Sectors
- industrial-services, electrical-services, engineering, architecture, design-services, construction
- Check size
- $20M–$100M
- Invests in
- US-wide
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2024
- Assets under management
- $194.1M
- Website
- waconacapital.com
Thesis
Wacona Capital, LLC is a private equity firm founded in 2024 and headquartered in Charlottesville, Virginia. They specialize in partnering with founder and family-owned businesses in the U.S. lower middle market, focusing on equity investments through majority recapitalizations, growth investments, and management buyouts. Transaction sizes range from $20 million to $100 million. As of September 30, 2025, they managed approximately $194.1 million in regulatory assets across four private funds. Their strategy emphasizes collaborative partnerships and leveraging experience to support business leaders' growth objectives. They are actively seeking new platform investments and add-on opportunities. Martha House joined as an MBA Senior Associate. Wacona Capital completed its first investment in Mid-Atlantic Power Specialists, LLC (MAPS) in October 2024. In July 2026, they closed a $210 million continuation vehicle for Core States Group. They have also invested in Hurley & Stewart.
Common questions
Does WACONA CAPITAL, LLC invest at the Series C+ stage?
Yes. WACONA CAPITAL, LLC lists Series C+ and buyout among the stages it invests in.
What check size does WACONA CAPITAL, LLC write?
WACONA CAPITAL, LLC writes $20M–$100M checks.
Where does WACONA CAPITAL, LLC invest?
WACONA CAPITAL, LLC invests in the US.