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Alturus Partners
Alturus Partners launched in 2014 as the direct-investment engine for the A.V. Jones Jr.
Alturus Partners
Alturus Partners launched in 2014 as the direct-investment engine for the A.V. Jones Jr. family, whose wealth originates from a five-decade career in oil and gas exploration and partnerships. The firm sits alongside The Albany Group, the broader family holding structure established by A.V. Jones Jr., Jean Jones, and the William E. Tucker family. The Albany Group was a founding backer of Quantum Energy Partners in 1998, making the Alturus launch an extension of a multi-generational habit of seeding and partnering with energy-focused investment platforms. The firm deploys flexible, permanent capital into North American middle-market businesses through buyouts, recapitalizations, and growth equity. Its portfolio spans industrial services, specialty manufacturing, healthcare, logistics, and technology. Confirmed positions include Baseline Energy Services, an oilfield equipment-leasing platform sold to Pennybacker Capital in March 2025; Timberline Gas, a propane-distribution business sold to ThompsonGas in August 2021; and Dialexa, a custom software-development firm acquired by IBM in 2022. The firm also held Encapture, an enterprise automation company that SMA Technologies, a Thoma Bravo portfolio company, acquired in November 2024. Alturus co-invests through The Albany Group's parallel managed accounts and structures each deal as a direct control investment. Two operators run the firm: President Chad Hufsey, a Brazos Private Equity Partners and Morgan Stanley alumnus who has worked on over $6 billion in transaction value, and Managing Director Jacob Jones, a Deutsche Bank and Quantum Energy Partners veteran who also co-manages The Albany Group's broader oil-and-gas partnerships and public-and-private managed accounts. The team operates from a single office in Dallas. The family's community ties include the Park Cities Quail Coalition — A.V. Jones Jr. received its T. Boone Pickens Lifetime Sportsman Award — and the University of Oklahoma, where the family maintains philanthropic commitments. In March 2025, the firm completed the sale of Baseline Energy Services to Pennybacker Capital, marking its latest portfolio exit. Alturus occupies a structural position that few family offices replicate: it functions as a permanent-capital, institutional-grade buyout shop while remaining the exclusive direct-investment vehicle for a multi-family holding group. The team invests without fund-life constraints, allowing holding periods that can extend beyond a decade. This architecture combines the sourcing network of a private-equity firm — both co-founders came through established middle-market firms — with the absence of third-party LP pressure on exit timing.
General information
Firm type
Single Family Office
Year founded
2014
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Dallas
Corporate office
Dallas, TX, United States
Principals
Chad D. Hufsey
Co-founder and President
Jacob B. Jones
Co-founder and Managing Director
Sector focus
Frequently asked questions
How is Alturus Partners related to The Albany Group and Quantum Energy Partners?
Alturus Partners is the direct-investment arm for The Albany Group, the family office of the A.V. Jones Jr., Jean Jones, and William E. Tucker families. The Albany Group was a founding partner of Quantum Energy Partners in 1998, and both Alturus co-founders — Chad Hufsey and Jacob Jones — are Quantum Energy Partners alumni. Alturus deploys capital specifically for the Jones and Tucker family interests, distinct from the Quantum Energy Partners fund complex.
Does Alturus Partners invest third-party capital or operate as a traditional private-equity fund?
No. Alturus invests exclusively flexible, permanent family capital and does not raise traditional blind-pool funds from outside limited partners. The firm structures each investment as a direct deal, using its balance-sheet flexibility to avoid fund-life constraints, which allows holding periods that can extend well beyond a typical private-equity fund's timeline.
What investment stages and structures does Alturus Partners typically target?
Alturus targets middle-market companies across buyouts, recapitalizations, and growth equity. The firm writes direct equity checks for control positions and structures each transaction with flexible timing, securities, and holding periods. Publicly disclosed deals include full buyouts of industrial-services and technology companies, with no indication of minority or passive positions.
Where does the underlying family wealth come from?
The capital originates from A.V. Jones Jr.'s five-decade career in oil and gas exploration and energy investments. Jones was president of the Independent Petroleum Association of America, as reported in 1977, and served as Chairman of Van Operating, Ltd., which participated in the 2015 National Petroleum Council study on Arctic oil and gas resources. The broader Albany Group holds oil and gas partnerships alongside diversified public and private managed accounts, ranch land, and other holdings.
Who runs investment decisions at Alturus Partners?
Co-founder and President Chad D. Hufsey leads all investment, operational, and fundraising activity, while Co-founder and Managing Director Jacob B. Jones is actively involved in all aspects of the same. Hufsey previously sourced and executed deals at Brazos Private Equity Partners and Morgan Stanley; Jones co-manages the Albany Group's broader asset base and came through Deutsche Bank and Quantum Energy Partners.
Does Alturus Partners participate in fund commitments or only direct deals?
The firm's publicly disclosed posture is exclusively direct control investments. Alturus co-invests alongside The Albany Group's parallel managed accounts but there is no public evidence that it commits capital to third-party funds. The family's historical role as a backer of Quantum Energy Partners suggests origin-level fund-commitment activity, though Alturus itself describes only direct company investments.
What is Alturus Partners' known posture on co-investments alongside external GPs?
Alturus has not publicly marketed co-investment slots to external GPs or allocators. All disclosed transactions are proprietary direct deals sourced through the firm's network. The sale of portfolio companies to institutional acquirers — including Pennybacker Capital, Thoma Bravo's SMA Technologies and IBM — indicates the firm keeps full control through the holding period and exits via strategic or financial-acquirer sales.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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