/Investor DB

Carousel

Private equity

Charlotte · Growth · 19 people tracked

Also known as Carousel Capital Management Company, L.P.

Find your way into Carousel

Each arrow is one introduction. Sign up to fill in the first one.

381 people can intro you to S.

Ask Gilles Tétin to introduce you to S. Tyler Moses

You →Gilles · together at Framatome →S.

138 people can intro you to M.

Ask Jamie Chen to introduce you to M. Adam Elmore

You →Jamie · together at Carousel Capital →M.

2 people can intro you to Charles

Ask Sam Okafor to introduce you to Charles S. Grigg

You →Sam · together at Carousel Capital Partners →Charles

Sign up to find every way you can get introduced to Carousel

  • Your email: who you already know at Carousel, and who your contacts know
  • 2nd- and 3rd-degree connections: people you know who worked, studied or invested with the Carousel team
  • Your LinkedIn: the connections who can make the intro for you

We rank every route by how warm it is, so you raise on warm intros instead of cold emails.

✨ Fox Verdict
Sign up to see your fit

Investment thesis

Carousel Capital focuses on acquiring majority control of strategically important middle-market businesses in the Southeastern U.S. The firm emphasizes the region's economic strength, citing its large GDP, strong private-sector job growth, and population as reasons for its geographic concentration. Carousel positions itself as a relationship-driven, well-referenced partner of choice for buyout opportunities, leveraging a strong CEO investor network, direct deal-sourcing capabilities, an experienced investment team, and a long track record. Its team has built the business over more than two decades and aims to relate to the experiences of management teams and shareholders in growing their companies.

Invests inHealthtechSector AgnosticCharlotteUnited States

Source: firm website, verified Sep 29, 2026.

Stage
Growth
HQ
Charlotte, NC, US
Leads rounds
Leads
Instruments
Equity
Founded
1996
AUM
$1.9B
Tracked investments
32

Team · 19 people

from the firm's website & public directories
Charles S. Grigg· Managing Partnerin
M. Adam Elmore· Principalin
S. Tyler Moses· Principalin
Daniel J. Eassa· Chief Financial Officer
Leah P. Gunter· Office Manager and Marketing Assistant

What they invest in

from 11 of 32 portfolio companies

Enterprise Software ×4Logistics & Supply Chain ×4Advanced Manufacturing ×3Construction Tech ×3Energy ×3Cleantech ×2Consumer ×2Hardware ×2

HQs:United States×10

Investments · 32 tracked

founders shown can be your intro path
Armstrong Transport Grouparmstrongtransport.comin

Armstrong Transport Group is a logistics and freight brokerage company that manages transportation operations and relationships between carriers, shippers, and freight providers.

B2B MarketplacesLogistics & Supply ChainCharlotte, US

Cameron Ramsdell(Chief Executive Officer)inDavid Morris(CFO and EVP of Agent Recruiting)inVamsi Tirnati(Chief Technology Officer)inDerrick Howk(Chief Operating Officer)Emily Chiarizia(General Counsel)in

Co-investorsBarings BDC

Driven Brandsdrivenbrands.comin

Driven Brands operates a portfolio of franchised automotive service brands providing oil changes, maintenance, collision repair, and auto glass services to retail and commercial customers across the United States.

ConsumerMobility & TransportationRetail TechSan Antonio, US

Sam Meineke(Founder)Tony Martino(Founder)

Co-investorsRoark

Hepacohepaco.comin𝕏

HEPACO is a full-service environmental remediation contractor offering cleanup and hazmat services, serving customers across the Eastern United States.

CleantechClimate TechEnergyEnterprise SoftwareCharlotte, US

Co-investorsGryphon

Jay Industrial Repairjayindustrial.comin

Jay Industrial Repair provides electric motor and controls sales and service, mechanical and electrical turbine repairs, and in-field predictive and preventive maintenance for industrial markets including mining, manufacturing, utilities, and chemicals.

Advanced ManufacturingEnergyEnterprise SoftwareHardwareIoTBirmingham, US

Joel McMahon(Chairman and CEO)inWilliam Shiver(President)in

Legacy Data Accesslegacydataaccess.comin

Legacy Data Access transforms retired mainframe and application data into accessible formats for healthcare organizations.

CybersecurityData & InfrastructureDigital HealthEnterprise SoftwareHealthtechCharlotte, US

McCorquodale Transfermtmoves.com𝕏

McCorquodale Transfer is a moving and relocation company that partners with local charities to facilitate donations of unwanted items during moves.

ConsumerLogistics & Supply Chain

Bart McCorquodale(Founder)in

OnSight Industriesonsightindustries.comin𝕏

OnSight Industries manufactures and installs custom signage, including illuminated displays, vinyl graphics, and monument signs, for commercial, hospitality, and real estate clients across multiple U.S. regions.

Advanced ManufacturingConstruction TechPropTechRetail TechOrlando, US

Andrew Kindfuller(Chief Executive Officer)in

ProcessBarronprocessbarron.comin𝕏

ProcessBarron is an industrial equipment and services provider serving heavy processing industries including cement, pulp and paper, steel, mining, and waste-to-energy plants.

Advanced ManufacturingCleantechConstruction TechEnergyHardwareBirmingham, US

Jim WoodsBob PerryJerry DoyalAT ScottKen Nolen(Chief Executive Officer)inTim Iori(President)in

Co-investorsSterling Group

Pye Barkerpyebarkerfs.comin𝕏

Pye-Barker Fire & Safety is a fully-integrated fire and life safety company that acquires and operates regional fire protection and security service providers across North America.

Construction TechEnterprise SoftwareIoTAtlanta, US

John PyeBen Barker

Reliance Partnersreliancepartners.comin𝕏

Reliance Partners is an insurance agency focused on the trucking, freight brokerage, and logistics industries, offering risk management solutions, safety and compliance programs, and access to underwriters.

InsurTechLogistics & Supply Chain

Co-investorsDynamo Ventures

Transflotransflo.comin𝕏

Transflo provides SaaS technology for freight brokers, 3PLs, and fleet operators to manage transportation operations, including workflow automation, telematics, and mobile solutions.

AI & Machine LearningLogistics & Supply ChainSaaSPhoenix, US

Renee Krug(Chief Executive Officer)inBill Vitti(President & Chief Revenue Officer)in

Co-investorsBregal Sagemount

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AdvantageAGData, MedDataAlpine IntelAPEX AnalytixAxium HealthcareAxium Healthcare Pharmacy, Inc.Brasseler USACaldwell & GregoryCopaccovRCraneWorksEthosExpedited TravelHusebyJamesonJoe Hudson's Collision CenterLandscape WorkshopMergentPalmetto Infusion ServicesQuality Automotive ServicesSoutheastern Automotive Aftermarket Service Holdings

Portfolio news

latest coverage across their companies

Fund performance · per public LP disclosures · 4

as of Jun 2024
FundVintageCommittedNet IRRTVPIDPI
Carousel Capital Partners V LPLPs: North Carolina Retirement Systems2017—26.9%2.17x0.99x
Carousel Capital Partners IV, L.P.LPs: North Carolina Retirement Systems2012—41.2%3.93x3.50x
Carousel Cap Part IVLPs: South Carolina Retirement System Investment Commission2006—38.5%——
Carousel Capital Partners III, L.P.LPs: North Carolina Retirement Systems2006—23.5%2.33x2.33x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has Carousel made?
Carousel has 32 tracked investments.
What stage does Carousel invest at?
Carousel invests at the Growth stage.
What sectors does Carousel focus on?
Carousel focuses on Healthtech, Sector Agnostic.
Where is Carousel located?
Carousel is headquartered in Charlotte, US.
Does Carousel lead rounds?
Yes, Carousel leads investment rounds.
Who does Carousel co-invest with?
Carousel most often shares deals with Noro-Moseley Partners, Roark, Sterling Group, among 3 tracked co-investors.

Similar investors

Featured in lists