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Omega Capital
Jason Martin's Omega Capital runs a concentrated PE playbook for lower middle-market companies in Oklahoma, backed by a regional family-office network.
Omega Capital
Jason Martin launched Omega Capital in 2013 after a decade as co-founder and president of Argonaut Private Equity, a $5 billion global platform. The firm is headquartered in Tulsa, Oklahoma, and its model relies on backing from prominent entrepreneurs and family offices in the region. Martin’s prior roles included leadership at Williams Communications Group and oversight of a $150 million endowment for Oklahoma’s higher education system. The firm targets profitable lower middle-market companies and emphasizes operational improvements to grow revenue and margins. Omega Capital Fund I closed in April 2014 with $30 million in commitments. Deploying a mix of direct acquisitions and co-investment capital from its limited-partner network, the firm has executed deals in sectors including industrial services, aviation, and employer-sponsored healthcare. Confirmed positions include Raisbeck Engineering, Berry Aviation, and the formerly held CareATC and MIRATECH. The geographic focus remains concentrated on Oklahoma and adjacent states, with portfolio companies serving national and defense-related customers. Omega Capital Fund II held a first closing in July 2024, signaling continued fundraising momentum. Martin chairs or serves on boards including Enterprise Investors, a Central and Eastern European private equity firm, and Cherokee Investment Management. The advisory board features regional operators such as Joe Craft of Alliance Resource Partners and Hans Helmerich of Helmerich & Payne. In May 2024, the firm raised new capital with the first close of its second fund, extending its capacity to pursue additional acquisitions in the lower middle market. Omega Capital’s structural differentiation lies in its co-investor model: the firm pairs its own fund capital with side-by-side commitments from a curated network of regional family offices and entrepreneurs. This design gives a Tulsa-based manager the financial capacity to pursue a broader range of deals — including businesses like Berry Aviation that serve the U.S. military — while maintaining a concentrated operation with one named deal lead.
General information
Firm type
Single Family Office
Year founded
2013
AUM
Undisclosed
Location
Region
Europe
Country
United States
City
Tulsa
Corporate office
4124 S. Rockford Ave, Suite 201, Tulsa, OK 74105, United States
Principals
Jason S. Martin
Founder & President
Sector focus
Frequently asked questions
Who leads investment decisions at Omega Capital?
Jason S. Martin serves as founder and president, with responsibility for all deal activity. Before starting the firm in 2013, he led $1.7 billion in direct investments at Argonaut Private Equity and oversaw strategic investments at Williams Communications Group. He is the sole named executive on the management team.
How is Omega Capital structured, and who backs the firm?
The firm operates as a private equity fund manager alongside a co-investment network rather than a single family office. Its investor base includes regional entrepreneurs and family offices located primarily in Oklahoma and surrounding states. Omega Capital Fund I closed in 2014 with $30 million, and the firm can access additional capital from its limited partners for specific transactions.
What types of companies does Omega Capital target?
Omega Capital focuses on acquiring profitable lower middle-market companies in Oklahoma and nearby states. It seeks well-run businesses with potential for revenue growth and margin expansion. Portfolio examples span industrial manufacturing (MIRATECH), aviation services (Berry Aviation, Raisbeck Engineering), and employer healthcare (CareATC).
Does Omega Capital invest only in the Oklahoma region?
The firm’s primary investment lens is Oklahoma and adjacent states, consistent with its mission as a regionally concentrated manager. However, some portfolio companies serve national or international markets — Berry Aviation holds contracts with the U.S. military and other government organizations, and Raisbeck Engineering sells aviation systems globally.
How is Omega Capital related to any single wealthy individual or family?
Omega Capital is not structured as a single family office. Jason Martin founded the firm after departing Argonaut Private Equity, and its fundraising is sourced from a group of regional families and entrepreneurs rather than one named fortune. There is no publicly disclosed connection to the Spanish Omega Capital S.L. or the Koplowitz family.
What is Omega Capital’s track record with previous investments?
Past investments include CareATC, which was acquired by LLR Partners, and MIRATECH, acquired by BP Energy Partners. Current portfolio holdings as disclosed on the firm’s website are Raisbeck Engineering and Berry Aviation. Jason Martin has led exits as a director and board chairman across multiple portfolio companies throughout his career.
What is the firm’s approach to co-investing alongside its funds?
Omega Capital invites its limited partners — regional family offices and entrepreneurs — to participate directly in transactions alongside the fund’s own capital. This allows the firm to punch above its $30 million fund size when pursuing larger lower middle-market acquisitions.
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