Who We Are

Founded in 2003, we are a leading Austin, Texas-based private equity firm with over $300 million in assets under management specializing in growth, recapitalization and buyout financings of small middle-market companies.

Investment Criteria

  • $4-12M EBITDA
  • $20-40M investment with ability to scale up
  • Flexible capital: Majority/minority equity, Mezzanine debt
  • Founder/family-focused

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.


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.


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.


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.


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

2018 marked the most active year in Blue Sage Capital’s 18-year history. The execution of three portfolio company exits, two new platform acquisitions, several tuck-in opportunities, and a number of personnel additions and promotions during the year positions us to continue our strong track record as patient, disciplined, top-quartile investors.

In February 2019, Blue Sage invested in All-State Industries.



Blue Sage Capital is pleased to announce its recently completed investment in All-State Industries, Inc. (“All-State”). Headquartered in Des Moines, Iowa with six manufacturing facilities located throughout the Midwest and Texas, All-State is a leading manufacturer of non-metallic components for OEMs across a diverse range of end markets. The Company was...


Blue Sage Capital announced today that it closed on the sale of PRIMUS Sterilizer Company, LLC (“PRIMUS” or the "Company") to the Chalmers Group of Companies, a privately-owned Canadian corporation headquartered in Mississauga, Ontario. The sale represents the thirteenth and final portfolio company exit for Blue Sage’s first fund, Blue Sage Capital,...