# DFW Capital Partners

> DFW Capital Partners is a private equity firm that has spent more than four decades buying unglamorous, service-heavy businesses - the companies that clean truck fleets, run infusion clinics, and staff surgical centers - and building them into market leaders. Founded in 1983 and now operating from New York with a Washington, DC office, DFW focuses on the lower middle market, backing healthcare, business, and industrial service companies with roughly $20 million to $200 million in revenue. It closed its seventh fund at an $800 million hard cap in 2023 and has managed over $2 billion across nearly 60 portfolio companies.

- **Founded:** 1983
- **Headquarters:** New York, United States
- **Founders:** Donald F. DeMuth (Founder & General Partner)
- **Team size:** About 34 employees; roughly 23 investment and operating professionals
- **Products:** Platform Buyouts, Growth Capital, Management Buyouts, Recapitalizations, Add-on Acquisitions
- **Notable:** Operating continuously since 1983 - over four decades in the lower middle market., Managed over $2 billion in committed and deployed private equity capital., Closed Fund VII at an $800 million hard cap in January 2023, oversubscribed and above its $750 million target.

## Products & services

- **Platform Buyouts** — Control investments in lower middle-market service companies that serve as platforms for buy-and-build growth.
- **Growth Capital** — Capital to accelerate organic growth and expansion for established service businesses.
- **Management Buyouts** — Financing that lets management teams take ownership stakes and lead their companies forward.
- **Recapitalizations** — Liquidity and balance-sheet restructuring for owners who want to take chips off the table while staying invested.
- **Add-on Acquisitions** — Strategic bolt-on acquisitions that consolidate fragmented markets around a platform company.

## Achievements

- Operating continuously since 1983 - over four decades in the lower middle market.
- Managed over $2 billion in committed and deployed private equity capital.
- Closed Fund VII at an $800 million hard cap in January 2023, oversubscribed and above its $750 million target.
- Closed Fund IV at $162.5 million, oversubscribed and above target.
- Named one of the Top 50 Private Equity Firms for Executives (2023) by PE-CXO and Falcon Partners.
- Completed roughly 70 M&A transactions across nearly 60 portfolio companies.

## Latest updates

- **2026-06** — Invested in Healix Infusion Therapy, a provider in the healthcare services sector.
- **2025-09** — Portfolio company North American Rail Solutions announced a strategic combination with ZA Construction.
- **2025-04** — Acquired Kept Companies, a business and industrial services provider.
- **2024-01** — Invested in Harris CPAs, a regional accounting firm offering audit, tax and advisory services.
- **2023-01** — Closed DFW Capital Partners VII at an $800 million hard cap, oversubscribed.

## Links

- Website: https://dfwcapital.com
- LinkedIn: https://www.linkedin.com/company/dfw-capital-partners

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Published by YesPress — https://yespress.io
Last updated: 2026-08-15