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, exited to PHM Group in March 2026.
“We have $230 million to put to work and we are ready to move,” Jim Upchurch, president and CEO of Caltius, said. “Intermediaries who bring us businesses 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.”
Michael Morgan, Garrick Ahn & Jeff Holdsberg, managing directors of Caltius, added, “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.”
