# Progress Equity Partners

Progress Equity Partners is a Private Equity based in Frisco, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Frisco, United States
- **Region:** North America
- **Address:** Frisco, TX, United States
- **Founded:** 2003
- **Assets under management:** Undisclosed
- **Website:** progressequity.com
- **LinkedIn:** https://www.linkedin.com/company/progress-equity-partners

## Regulatory record

- **Reports private funds:** No

## About

Progress Equity is a private equity investment firm that acquires majority control of service-based businesses. It has made 14 investments, including a Recap investment in Proset Modular on January 16, 2025.

## Sectors

- Enterprise Software
- Industrial Tech
- Healthcare Services
- Energy Transition & Renewables

## People

- David D. Magdlen — Managing Partner
- R. Scott Hoss — Managing Partner

## Questions

### Who runs investment decisions at Progress Equity Partners?

Managing Partners David D. Magdlen and R. Scott Hoss lead all investment decisions. Both co-founded the firm in 2003 and remain actively involved in sourcing, structuring, and portfolio oversight. The firm operates with a flat decision-making structure, with both partners serving on the investment committee for every transaction.

### Does Progress Equity raise a traditional private equity fund?

No. Progress Equity structures capital on a deal-by-deal basis rather than through a committed blind-pool fund. This means investors evaluate each transaction individually and commit capital only to the deals they select. The structure eliminates the pressure to deploy within a fixed investment period and allows the firm to pause acquisitions entirely when conditions warrant.

### What types of companies does Progress Equity target?

Progress Equity targets founder-owned, lower-middle-market companies with enterprise values between $15 million and $75 million. The firm focuses on business services, value-added distribution, specialized manufacturing, and technology-enabled services. It explicitly avoids financial services, real estate, early-stage startups, and turnarounds.

### What is the firm's geographic focus?

Progress Equity invests across the United States, with a particular concentration in the Sun Belt and Midwest regions. The firm's headquarters in Frisco, Texas, places it near a dense concentration of founder-owned industrial and service businesses that match its target profile.

## Related profiles

- [Procome Capital](https://altss.com/profile/procome-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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