Stellus Capital Management
Venture debtBethesda · Growth · 3 people tracked
Investment thesis
Stellus focuses on the lower middle market, offering flexible capital solutions where its team began investing over 20 years ago. Drawing on experience in credit, private equity, restructuring, and operations, the firm emphasizes quick and reliable underwriting, certainty to close, and constructive engagement throughout the life of each investment. Its partner group has worked together for over two decades, collectively holding 350+ years of principal investing experience and having deployed more than $10.3 billion in lower middle market credit and equity investments across multiple cycles and industries, with a track record of low loss ratios and strong returns for investment partners.
Source: firm website, verified Sep 1, 2026.
Team · 3 people
from the firm's website & curated
What they invest in
from 46 of 192 portfolio companiesEnterprise Software ×13Consumer ×11Hardware ×11Advanced Manufacturing ×10E-commerce ×8SaaS ×7Direct to Consumer ×6Healthtech ×6
HQs:United States×34
Who they back
founder profiles across 13 portfolio companiesFounding team size:solo founder×102 founders×23 founders×1
Investments · 192 tracked
founders shown can be your intro pathBy year:2018 · 12015 · 12014 · 12011 · 14 dated
Active Minerals International (AMI) mines and processes kaolin clay and attapulgite minerals into specialty additives for industrial uses including concrete admixtures, functional fillers, rheology modifiers, ceramic casting systems, and agricultural crop protectants.
Advanced ManufacturingAgTechNew Materials
Co-investorsMerit Capital Partners
Co-investorsAea Investors
Co-investorsRoark
Co-investorsPamlico Capital
Behavioral Innovations operates a network of clinical centers delivering applied behavior analysis (ABA) therapy, primarily for individuals with autism.
Digital HealthHealthtechMental Health
Carla Edwards(Co-Founder & Chief Clinical Officer)
Blackhawk Mining extracts and produces metallurgical coal used in steel manufacturing, operating eight mining complexes in southern West Virginia and eastern Kentucky.
Advanced ManufacturingEnergyNew MaterialsSouthern West Virginia, US
BoardPavel Tykač
Co-investorsSev.en Global Investments
CARS Protection Plus offers extended service contracts for vehicles, providing coverage options that include powertrain and unlimited mileage plans sold through car dealerships and repair shops.
InsurTechMobility & TransportationMurrysville, US
Combined Caterers is a catering and event services company that operates integrated catering and venue portfolios across the Carolinas.
ConsumerFoodTechRaleigh, US
Co-investorsFalfurrias
CommentSold provides video commerce technology for online sellers, including live selling tools, website builders, and inventory management systems.
E-commerceRetail TechSaaS
DMD Systems provides IT asset disposition services including secure data destruction and device reuse or recycling for enterprise and public sector organizations across data center, end user compute, and mobility environments.
Circular EconomyCybersecurityEnterprise SoftwareImpact & Social GoodTempe, US
Jon(Chief Commercial Officer)
Co-investorsTailwind Capital
Domaille Engineering manufactures ultra-precision fiber optic polishing equipment and fixtures for telecommunications manufacturers, featuring proprietary technology that reduces polishing time and extends tool life.
Advanced ManufacturingDeep TechHardware
Co-investorsThompson Street Capital Partners
Douglas Products develops fumigants and pest-control solutions for professionals, including Vikane fumigant for drywood termite control and ProFume gas fumigant for food and property protection.
AgTechNew Materials
Co-investorsAltamont Capital Partners
Dr.
ConsumerDirect to ConsumerHardwareHealthtechWellness & Fitness
William Mathias Scholl
Co-investorsAea Investors
Premium senior home care agency serving New York, New Jersey, Connecticut, and Massachusetts, offering personal care, companionship, skilled nursing, memory care, and rehabilitation.
Elliott Aviation provides aircraft maintenance, sales, avionics services, and interior refurbishment for light to mid-sized jets and turboprops across the United States.
Advanced ManufacturingLogistics & Supply ChainMobility & TransportationMoline, US
Herb Elliott
Co-investorsSummit Park
Equine Network provides roadside assistance programs designed specifically for horse owners, competitors, trainers and veterinarians, along with fly control products for equine operations.
ConsumerLogistics & Supply ChainMarketing TechMedia & EntertainmentSports Tech
Commercial roofing and waterproofing services provider serving education, infrastructure and healthcare markets across the Southeastern U.S. and Texas; received senior debt financing arranged by Stellus.
Exacta is a real estate services company that operates in the closing and lien search space, founded in 1992.
Construction TechEnterprise SoftwarePropTech
Bob Sanford(President & Chief Executive Officer)
Co-investorsSummit Park
Co-investorsSummit Park
Functional Formularies makes organic, whole-food feeding tube formulas for patients requiring enteral nutrition, including adult, pediatric, peptide, and ketogenic options.
ConsumerDigital HealthFoodTechHealthtechMedical DevicesWellness & Fitness
Gen3 Marketing is a performance marketing and affiliate marketing agency that helps businesses across financial services, retail, and travel industries execute digital campaigns and affiliate partnerships.
AdTechAI & Machine LearningDirect to ConsumerE-commerceEnterprise SoftwareMarketing TechSaaSBlue Bell, US
Andy Cantos(Founder)Mike Tabasso(Founder)Paresh Vadavia
Global Knowledge is an enterprise learning provider offering expert-led IT, engineering, and business training across areas like AI, cloud, security, data, and infrastructure.
EdTechEnterprise SoftwareFuture of Work
GS Foods Group is a specialized food distributor serving K-12 schools and foodservice partners across the United States, with nearly 50 years of experience.
FoodTechLogistics & Supply ChainOntario, US
Sean Leer(CEO)
Health Monitor is a digital marketing platform that delivers educational healthcare content and patient information through in-office screens, print guides, and other point-of-care materials to pharmaceutical, OTC, and healthcare companies.
AdTechDigital HealthHealthtechMarketing Tech
David ParagamianinLouise DeBelloniaNeil GlassKartik ReddyKeith SedlakinAlanna Finckein
Co-investorsGridiron Capital
Industry Dive operates business publications that provide news, stories, and trend coverage for business leaders across various industries.
Marketing TechMedia & EntertainmentWashington, US
Eli Dickinson(Executive Officer, Director)inRyan Willumson(Executive Officer, Director)inMichael Sean Griffey(Executive Officer, Director)
BoardMark Teitelbaum(Director)
Co-investorsFalfurrias
INSIGHT2PROFIT provides pricing intelligence, strategy, and AI/ML-powered software to help companies optimize profit margins and EBITDA.
AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaSSales TechCleveland, US
Ryan White(Chief Executive Officer & Founder)
JPW Industries manufactures and distributes machinery and tools for woodworking, metalworking, metal forming, work holding, and lifting systems across its portfolio of established brands.
Advanced ManufacturingE-commerceHardwareLa Vergne, US
Co-investorsGamut
Ledge Loungers designs and sells outdoor furniture, including bar credenzas, seating, and storage pieces made from commercial-grade resin and stainless steel for residential patios and gardens.
ConsumerDirect to ConsumerE-commerceHardwareRetail TechKaty, US
Livingston provides customs brokerage and trade advisory services, guiding shippers through customs compliance and international trade challenges with personalized expert guidance.
Enterprise SoftwareLogistics & Supply ChainSaaS
Provider of fuel, ramp and other services to the general aviation industry with locations across the US.
Co-investorsSterling Group
Mackenzie-Childs is a home décor and furnishings retailer offering seasonal collections and decorative products.
ConsumerDirect to ConsumerE-commerce
Co-investorsStride Consumer Partners
Madison Logic provides account-based marketing (ABM) solutions that help marketing teams accelerate growth by targeting buying groups with coordinated ads and content across their preferred channels.
AdTechAI & Machine LearningEnterprise SoftwareMarketing TechSaaS
Michelli sells, rents, services, and calibrates weighing systems and precision measurement devices.
Advanced ManufacturingEnterprise SoftwareHardware
Co-investorsSummit Park
Mobileum provides software for telecom operators to monetize network data, manage risk and fraud, optimize traffic (roaming/steering), secure networks and signaling, and assure IoT and eSIM services.
AI & Machine LearningCybersecurityEnterprise SoftwareCupertino, US
Bobby Srinivasan(Founder)in
Co-investorsBright Pixel CapitalDCM VenturesPartners for GrowthPartners for Growth (PFG)Shackleton Ventures Ltd.
Material handling equipment platform with a comprehensive suite of products and services.
Co-investorsCenterGateGraycliff Partners
OnPoint provides maintenance services and support to customers through a team of skilled field leadership, covering safety, consulting, technical services, and routine maintenance activities.
Construction TechEnterprise Software
PCS Software develops transportation management solutions for logistics and transportation businesses.
AI & Machine LearningLogistics & Supply ChainSaaS
Mark A. Hill(Chief Executive Officer)Lori Marwill(Chief Financial Officer)inDanielle Villegas(Chief Product Officer)John D. Partain(Chief Customer Officer)inAlan Gunn(Vice President of Sales)Bess Lauer(Vice President of Marketing)
Co-investorsLLR
Chuckit! manufactures dog toys and fetch products designed for interactive play, including ball launchers, balls, and accessories for dogs of all sizes and activity levels.
ConsumerDirect to ConsumerE-commerceHardwareRetail TechSports Tech
Co-investorsAea InvestorsGamutOlympus PartnersWind Point Partners
Plus Delta Partners provides professional development and training programs for non-profit organizations focused on improving fundraising effectiveness.
EdTechHR Tech
Co-investorsNorthlane Capital Partners
PROPETRO is an oilfield services company providing hydraulic fracturing, cementing, and wireline completions services to upstream oil and gas producers in the Permian Basin.
EnergyMidland, US
Sam Sledge(President)in
Franklin, US
Michael Adair(Executive Officer, Director)in
BoardPeter Lescoe(Director)Paul Jaggi(Director)Stephen Edwards(Director)Michael McGrath(Director)
Rhythmlink designs and manufactures medical devices and provides contract manufacturing services for neurodiagnostic equipment, serving healthcare providers and diagnostic centers.
Advanced ManufacturingHardwareHealthtechMedical DevicesColumbia, US
Shawn Regan(Chairman of the Board / Co-Founder)
Russell Landscape Group is a commercial landscape contractor providing design, installation, maintenance, irrigation, and enhancement services for properties such as corporate campuses, HOA communities, healthcare facilities, municipalities, and retail centers.
Construction TechSugar Hill, US
William "Bill" E. Russell(Founder)Teddy Russell(Owner & CEO)in
Co-investorsSterling Group
Cary, US
THOMAS K. COLLOPY(Executive Officer, Director)PATRICIA SUMRELL(Executive Officer)PETER MULDOON(Executive Officer)
BoardMICHAEL XU(Director)ROBERT DIROMUALDO(Director)DENNIS ECK(Director)
Co-investorsCharlesbank Capital Partners
Simpler Trading offers trading education for retail traders, including live trading rooms, on-demand classes, proprietary charting indicators, and real-time trade alerts from mentors.
EdTechFintech
John Carter(Founder)
Co-investorsZmc
Skopos Financial is an auto finance company that services vehicle loans and lets borrowers make payments through a customer portal, phone, MoneyGram, or mail.
ConsumerFintechIrving, US
SOLID Surface Care is the nation's largest self-performing specialty surface care company that cleans and maintains hard and soft surfaces (carpet, stone, metal, wood, concrete, and more) for commercial facilities.
CleantechConstruction TechEnterprise SoftwareCharlotte, US
Co-investorsAngeles EquityPlexus Capital
ERMCO manufactures and distributes power and distribution transformers, serving utility, renewable energy, commercial, and industrial markets.
Advanced ManufacturingEnergyEnterprise SoftwareHardwareRaleigh, US
Co-investorsEnergy Impact PartnersMill Point Capital
Co-investorsJMI Equity
ThreeSixty Group is a vertically-integrated consumer products company that sources, develops, and distributes branded merchandise and home goods across multiple categories to a global market.
B2B MarketplacesConsumerE-commerceRetail TechCalifornia, US
Time Manufacturing Company designs and builds vehicle-mounted aerial lifts, digger derricks, bridge inspection equipment, and related utility truck bodies for the telecommunications, electric utility, forestry, and infrastructure markets.
Advanced ManufacturingEnergyHardwareWaco, US
Co-investorsSterling GroupH.I.G. Capital
UNICAT manufactures and supplies catalysts, adsorbents, and related materials for the refining, petrochemical, and gas processing industries.
Advanced ManufacturingCleantechEnergyNew MaterialsAlvin, US
Mark Stuckey(Chief Executive Officer)in
Vortex Companies provides water and wastewater infrastructure solutions, including trenchless technologies, equipment, products, and expert services.
CleantechConstruction TechNew Materials
Xanitos provides hospital cleaning and facility management services designed to improve patient safety, cleanliness standards, and operational efficiency in healthcare facilities.
Enterprise SoftwareHealthtechNewtown Square, US
Graeme A. Crothall(Executive Chairman)David Crothall(Chief Executive Officer)inDavid Walls(Chief Financial Officer)William Graham, IV(Director)Katherine Crothall(Director)Michael Bailey(Director)in
Co-investorsAngeles EquityBeringeaKaiser Permanente Ventures
Zemax (Ansys Zemax) provides physics-based optical simulation and design software used by engineers to model, analyze, and optimize optical systems such as lens assemblies before prototyping.
Deep TechHardwareSaaS
Co-investorsArlington Capital Partners
Portfolio news
latest coverage across their companiesXanitos · angelesequity.com · Dec 9, 2025
Frequently asked questions
- How many investments has Stellus Capital Management made?
- Stellus Capital Management has 192 tracked investments.
- What stage does Stellus Capital Management invest at?
- Stellus Capital Management invests at the Growth stage.
- What sectors does Stellus Capital Management focus on?
- Stellus Capital Management focuses on Sector Agnostic.
- Where is Stellus Capital Management located?
- Stellus Capital Management is headquartered in Bethesda, US.
- Who does Stellus Capital Management co-invest with?
- Stellus Capital Management most often shares deals with Aea Investors, Summit Park, Sterling Group, among 38 tracked co-investors.
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