
Who We Are

Founded in 2003, we are a leading Austin, Texas-based private equity firm with over a billion dollars in assets under management specializing in growth, recapitalization and buyout financings of small middle-market companies.
Investment Criteria

- $5-25M EBITDA
- Industries: Environmental Solutions, Niche Manufacturing, and Specialty Services
- Founder/family-focused
- $25-60M investment with ability to scale up
- Flexible capital: Majority/minority equity, Mezzanine debt
Why Blue Sage

We know businesses require more than just capital to succeed. We formed Blue Sage Capital to invest alongside management in proven, growing, small middle-market companies.
Trust
We partner with managers whom we like, trust and admire and whose interests align with our own. Through our investments, we enable current company owners to meet their needs for capital, liquidity and diversification.
Partnership
We believe that private equity is a relationship business, not a transactional one. We strive to treat everyone, including our managers, intermediaries and service providers, like partners.
Value-Add
We know that earnings growth is the most important factor in a successful investment. We provide our partner companies with the capital, guidance, strategy, and operational support needed to create additional value.
Character
Acting with integrity is the fundamental principle guiding all of our actions.
Reputation & Track Record
Prior to founding Blue Sage, our partners established a superior track record. Since 2003, we have continued to generate top-decile returns to our investors.
Recent News

Blue Sage Capital Successfully Closes an Oversubscribed and Over Hard Cap Fund IV - $618 Million Fund More than Double the Size of the Prior Fund
AUSTIN, TX – Blue Sage Capital, a leading lower-middle market private equity firm, today announced the final close of Blue Sage Capital IV, L.P. (the “Fund”), at $618 million including a substantial commitment from the General Partner. The Fund was significantly oversubscribed, closing above its initial target of $400 million, initial hard cap of $550 million, and more than double its $300 million prior fund size. Blue Sage limited the size...
moreAll-State Industries Expands Die Cutting Capabilities with Acquisition of United Gasket
AUSTIN, TX – All-State Industries, Inc. (“All-State”), a Des Moines, IA-based portfolio company of Blue Sage Capital (“Blue Sage”), is pleased to announce its acquisition of United Gasket Corp. (“United Gasket”). United Gasket is a leading manufacturer of custom non-metallic components, including adhesive-backed gaskets,...
moreBaker Manufacturing Company, LLC is pleased to announce its acquisition of the Pump Division of A.Y. McDonald Mfg. Co
AUSTIN, TX - Baker Manufacturing Company, LLC (“Baker”), an Evansville, WI-based portfolio company of Blue Sage Capital (“Blue Sage”), is pleased to announce its acquisition of the Pump Division of A.Y. McDonald Mfg. Co (“A.Y. McDonald”). The acquisition will include A.Y. McDonald’s full pump...
moreBlue Sage Capital Recognized Amongst Best Workplaces in Private Equity
Mergers & Acquisitions magazine has recognized Blue Sage Capital as an Honorable Mention on its...
moreBlue Sage Capital Awarded Central Texas "Deal of the Year"
The Association for Corporate Growth (“ACG”) Austin/San Antonio chapter awarded its 2024 Deal of the Year to Blue Sage Capital for its sale of Frontier Waste Solutions. The award recognizes economic and corporate growth, strategic impact, and capital formation in Central Texas.
moreBlue Sage Capital Invests In MHW
AUSTIN, TEXAS – Blue Sage Capital (“Blue Sage”) is pleased to announce its recent investment in MHW, Ltd. (“MHW” or the “Company”). With over 30 years in its current form and ~90 years in the industry, we believe MHW has built a strong reputation as the leading outsourced licensed importation, distribution, compliance and logistics fulfillment service provider in...
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