Private Equity

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Cold Mountain Capital

Cold Mountain Capital, led by Barry Carroll in Asheville, NC, acquires niche industrial and manufacturing companies through a concentrated buyout strategy.

Cold Mountain Capital

Cold Mountain Capital is a private equity firm based in Asheville, North Carolina. It focuses on buyout investments.

General information

Firm type

Private Equity

Location

Region

North America

Country

United States

City

Asheville

Corporate office

Asheville, NC, United States

Principals

Barry B. Carroll

Managing Partner

Sector focus

Industrial TechManufacturing

Frequently asked questions

What types of companies does Cold Mountain Capital acquire?

Cold Mountain Capital acquires small to middle-market industrial and manufacturing companies, often in niche segments with durable cash flows and complex operations. The firm targets buyout and turnaround situations where operational improvement can unlock value. Sectors include industrial coatings, precision manufacturing, and industrial services, primarily in the Southeastern and Midwestern United States.

How does Cold Mountain Capital source deals?

Cold Mountain sources deals primarily through direct relationships with business owners in the Southeastern and Midwestern US, rather than through broad auction processes or investment banks. The firm's Asheville, North Carolina location — outside any major financial center — reinforces a relationship-driven sourcing model. This geographic and structural positioning gives the firm access to founder- and family-owned businesses that prefer a discreet, operator-led acquirer.

Profile maintained by 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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