# Sole Source Capital

Sole Source Capital is a Private Equity based in Dallas, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Dallas, United States
- **Region:** North America
- **Address:** 4143 Maple Avenue, Suite 240, Dallas, TX 75219
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** solesourcecapital.com
- **LinkedIn:** https://www.linkedin.com/company/sole-source-capital-llc

## Regulatory record

- **CRD number:** 290032
- **SEC file number:** 801-115305
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/290032

## About

Sole Source Capital LLC (SSC) is an operationally-focused, lower-middle market investment firm that targets recession resistant industrial assets with quantifiable sector tailwinds. A dedicated in-house team helps identify and execute initiatives that drive significant operational improvement.

## Sectors

- Industrial Tech
- Cybersecurity
- Energy Transition & Renewables
- AgriTech & FoodTech
- Real Estate

## Offices

- Santa Monica, CA

## People

- David Fredston — Founder, CEO
- Scott Sussman — Chief Investment Officer
- Bruno Adoric — CFO, COO
- Dewey Turner III — Chairman

## Questions

### Who runs investment decisions at Sole Source Capital?

CEO David Fredston and CIO Scott Sussman lead investment activities. Fredston oversees strategy and origination, while Sussman heads the M&A team. The operating side of the portfolio is managed by Chairman Dewey Turner III, who leads post-acquisition execution and sits on multiple portfolio company boards.

### How does Sole Source Capital source proprietary deal flow?

The firm targets founder-owned businesses, corporate carve-outs, and special situations in the lower-middle market of North American industrials. Fredston's origination background at The Gores Group and the firm's relationships with former Gores executives provide an established network within the industrial carve-out space. The firm emphasizes its ability to navigate complex transactions and provide certainty to close.

### Does Sole Source Capital participate in fund commitments or only direct deals?

The firm makes direct control investments in operating companies, primarily through buyouts, carve-outs, and recapitalizations. While the firm's website references a "committed pool of capital," specific fund structures and whether the firm participates as a limited partner in other funds are not publicly disclosed.

### What investment stages does Sole Source Capital typically target?

SSC focuses on established lower-middle-market companies with sustainable competitive advantages, not startups. The firm's entry points include management buyouts, corporate divestitures, and recapitalizations. Post-acquisition, the firm pursues a buy-and-build strategy — acquiring add-on companies to consolidate fragmented sub-sectors and professionalize operations.

### How is Sole Source Capital related to The Gores Group?

Sole Source Capital is not affiliated with The Gores Group, but the firms share significant institutional DNA. Founder David Fredston spent six years at Gores as a Principal and Head of Origination. Chairman Dewey Turner III spent eight years at Gores as an operational executive before joining Clearlake Capital and later SSC. The firm's integration of dedicated operations professionals into the deal team replicates Gores' operational private equity model, applied to the lower-middle market.

## Related profiles

- [Soleria Capital](https://altss.com/profile/soleria-capital)
- [Soleus Capital](https://altss.com/profile/soleus-capital)

---

Last updated: 2026-08-11T15:08:11.274Z

Canonical page: https://altss.com/profile/sole-source-capital

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology