Caltius Equity Partners Announces Sale of Aphix

August 21, 2025

Los Angeles, CA – August 21, 2025 – Caltius Equity Partners, a leading lower middle-market investment firm, has completed the Sale of Aphix, LLC (“Aphix” or the “Company”) to a private equity firm.

Founded in 2004, Aphix is a leading provider of commercial landscape services throughout the southeastern United States. Caltius Equity Partners partnered with Aphix and its founder, Allen Sweeney, in 2022, seeing an opportunity to invest in a regional leader with significant recurring revenues and multiple avenues of growth.

Michael Morgan, Caltius Equity Partners managing director, stated, “As the first institutional investor in Aphix, it has been exciting to see how Allen has led the Company’s growth trajectory while building the team and culture and positioning the company for significant future growth.”

Jeff Holdsberg, Caltius Equity Partners managing director, commented. “Allen and the team at Aphix were excellent partners and executed well on the strategic growth initiatives developed throughout our investment.  We are excited for what the future holds for Aphix over the coming years.”

Over the course of its partnership with Caltius, Aphix delivered strong top-line organic growth, built a high-quality management team, invested in technology to improve operating processes, and acquired and integrated six acquisitions while positioning the company for future scalability.

“Caltius Equity Partners has been a trusted and valued partner during the past few years as we have experienced rapid growth,” said Allen Sweeney, CEO of Aphix. “Their partnership has helped us refine sales strategies, add key members to the management team, and strategically acquire and integrate add-on acquisitions efficiently. We are grateful for the partnership with Jeff, Michael, and the Caltius Equity Partners team.”

Citizens M&A acted as financial advisor, and Faegre Drinker acted as legal advisor to Caltius Equity and Aphix.