Caltius Equity Partners has closed Fund V with more than $230 million in investable capital. The Firm is actively seeking new platform investments and add-on acquisitions across facility services, tech-enabled services, and outsourced business services.
The closing follows two successful exits. APHIX was a commercial landscaping platform in the Southeast. Caltius grew it through operational improvements and geographic expansion, exiting in July 2025. Communitas was a multi-state HOA community management company built through eight acquisitions and exited to PHM Group in March 2026. Both reflect Caltius’ core strategy: partner early with founder-led businesses and build scale through consolidation in fragmented sectors.
“We have $230 million to put to work, and we are ready to move. Intermediaries who bring us business in our sectors will find a partner that knows these industries. We move decisively. And we have a track record of growing and successfully exiting companies,” said Jim Upchurch, President & CEO.
“Our target sectors are deeply fragmented. They generate recurring revenue. And they respond well to consolidation. Those are exactly the conditions where our buy-and-build approach creates the most value. Fund V gives us the capital to pursue that aggressively over the next several years,” said Michael Morgan, Garrick Ahn & Jeff Holdsberg, Managing Directors.