# New Majority Capital

New Majority Capital is a Private Equity based in Providence, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Providence, United States
- **Region:** North America
- **Address:** Providence, RI, United States
- **Founded:** 2022
- **Assets under management:** Undisclosed
- **Website:** newmajoritycapital.com
- **LinkedIn:** https://www.linkedin.com/company/new-majority-capital

## Regulatory record

- **CRD number:** 334552
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/334552

## About

New Majority Capital is an impact investment firm focused on closing wealth gaps through entrepreneurship through acquisition. It helps emerging entrepreneurs step into ownership of proven businesses, fuels economic resilience, generates competitive returns, and builds wealth in overlooked communities. The firm provides non-extractive capital for entrepreneurs to acquire businesses while offering investor returns.

## Sectors

- Private Credit
- Real Estate
- Healthcare Services
- Business Services
- Industrial Tech
- Consumer

## People

- Havell Rodrigues — CEO & Managing Partner
- Kris Schumacher — Managing Partner
- Allegra Stennett — Managing Partner
- Darryl Lindie — Managing Partner

## Questions

### How does New Majority Capital source its deals?

The firm runs a proprietary bETA Accelerator that recruits and trains underrepresented individuals to search for small businesses whose owners are approaching retirement. Those incoming entrepreneurs function as the originators — they find target companies, and New Majority Capital provides acquisition capital and operational support. Once a deal closes, the business operates under the new owner, who holds a majority equity stake.

### What kinds of businesses has New Majority Capital acquired?

The portfolio spans small and lower-mid-market companies across multiple B2B and consumer-facing sectors. Known transactions include commercial HVAC and refrigeration (M.S. Johnston Company, Advanced Air Conditioning), home healthcare (Right at Home, Always Best Care of Fairfax), precision manufacturing (Attco Machine Products), commercial insurance (E.G. Bowman Co.), and specialty construction (Classic Pools of Naples). The firm has completed transactions in at least 20 states.

### Does New Majority Capital take control positions in its portfolio companies?

No. The firm’s model places the incoming entrepreneur in the majority-equity seat, with New Majority Capital providing structured financing and advisory support as a minority or non-control partner. The firm emphasizes non-extractive capital terms, meaning the owner-operator is the primary economic beneficiary of the business’s cash flows and eventual exit.

### How many businesses has New Majority Capital facilitated acquisitions for?

By mid-2026 the firm had facilitated more than 40 small-business acquisitions, based on the portfolio listing on its website. The pace of acquisitions has accelerated: five transactions closed in 2023, roughly a dozen in 2024, and at least twenty in 2025. The earliest listed closing is E.G. Bowman Co. in July 2023.

## Related profiles

- [New MainStream Capital](https://altss.com/profile/new-mainstream-capital)
- [Newman Capital](https://altss.com/profile/newman-capital)

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Last updated: 2026-08-11T15:07:34.613Z

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