Focused on Investing in Industrial and Infrastructure Services Throughout the U.S. Gulf Coast
NEW ORLEANS–(BUSINESS WIRE)–#familyowned–Carr’s Hill Capital Partners Management, LP (“Carr’s Hill”), a New Orleans-based private equity firm dedicated to growing family- and founder-owned businesses in the industrial and infrastructure services sectors, today announced the final closing of Carr’s Hill Fund I, LP (“Fund I”) at $210 million. Raised in approximately nine months, Fund I was oversubscribed, exceeding its $175 million target. In addition to strong support from existing investors, Fund I received commitments from a diverse group of new institutional investors, including endowments, insurance companies, fund-of-funds, asset managers, family offices, founders, and executives across North America.
Founded in 2019 by Managing Partner, H. David de Lauréal, Carr’s Hill transitioned from its roots as an independent sponsor to launching Fund I, building on its successful track record of partnering with entrepreneurial operators. Fund I will deploy capital into family- and founder-led companies, generally ranging from $5 million to $15 million of EBITDA, in the industrial and infrastructure services sectors, leveraging Carr’s Hill’s deep regional expertise and hands-on approach to drive operational excellence and sustainable growth.
“The lower-middle market, especially throughout the Southeastern U.S., remains a very attractive segment of the market,” said Mr. de Lauréal. “We are grateful for the continued support of our investors and proud of the disciplined approach of our growing team at Carr’s Hill. Our inaugural raise positions us to accelerate our strategy of providing not just funding but strategic and operational support to build enduring businesses in the true lower-middle market.”
Carr’s Hill’s growth and experience since inception in 2019 now includes 10 talented team members, four active platform investments, and nine add-on acquisitions. The firm’s investment approach centers on the Gulf Coast’s distinctive ecosystem, targeting companies with strong fundamentals and untapped potential in industries critical to the region’s and broader U.S. economy. Carr’s Hill’s disciplined, relationship-driven model is the foundation on which it has built a reputation as a trusted ally to founders and families navigating succession or growth challenges.
The Piper Sandler & Co. private capital advisory group, Aviditi Advisors, served as the exclusive placement agent for this fundraise, and Latham & Watkins LLP provided legal counsel.
About Carr’s Hill Partners
Carr’s Hill Partners is a New Orleans-based private equity firm focused on family- and founder-owned businesses, generally ranging from $5 million to $15 million of EBITDA, in the industrial and infrastructure services sectors along the Gulf Coast. The firm takes a growth-minded approach to investing, combining capital, operational expertise, sector knowledge, and regional insights to create lasting value. For more information, visit www.carrshillpartners.com.
Contacts
Media Contact
Travis Rachal
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504-334-8754
