Southfield Capital

Founder Andy Levison runs the firm as Managing Partner. He is supported by a partnership group that includes Andy Cook, Heb James, Brandon Pinderhughes, Chris Grambling, and Vince Tyra, along with Transformation Partner Bob Root. The partnership has worked together for an average of over 16 years, which the firm cites as central to its decision-making speed and pattern recognition.

Southfield pursues proprietary, control-oriented investments in founder-owned lower-middle-market business-services companies. Its Head of Business Development, Principal Jason Perlroth, leads origination efforts that target businesses receiving first-time institutional capital. The firm emphasizes direct relationships with entrepreneurs and intermediaries rather than broad auction processes, focusing on non-discretionary, mission-critical service industries.

Contextual is Southfield's in-house AI transformation unit, led by Transformation Partner Bob Root. It embeds directly into portfolio companies to deploy a standardized AI playbook covering revenue acceleration, operational efficiency, and new service-line creation. This unit is staffed as part of the Southfield partnership, making technology transformation an operating resource rather than an external consulting engagement.

Southfield's model relies on both. It acquires entrepreneur-built platform companies with $4 million to $20 million of EBITDA and then aggressively pursues add-on acquisitions to build scale. There are no size parameters on add-on targets — they can be smaller than the platform's initial EBITDA threshold — allowing the firm to consolidate fragmented service sectors through a series of tuck-in deals.

Southfield targets control buyouts of profitable, growing businesses that are receiving their first institutional capital. It does not pursue venture-stage, minority, or distressed situations as a core strategy. The firm looks for companies with at least $4 million in EBITDA where Southfield's operational, technology, and M&A resources can help at least triple the size of the enterprise.

Southfield focuses narrowly on business services and does not invest in consumer products, healthcare providers, hardware technology, or manufacturing. Within business services, it concentrates on non-discretionary, mission-critical subsectors — building and facility services, IT and security, financial and insurance services, industrial services, professional services, and transportation and logistics — avoiding cyclical or project-dependent revenue models.

Since its 2002 founding, Southfield has raised over $1.5 billion across multiple funds and is currently deploying its fourth flagship vehicle, Southfield Capital IV. The firm's equity check size has grown to $20–125 million, reflecting the increasing scale of its platform investments and the larger add-on programs it now executes. The fund targets control buyouts exclusively in lower-middle-market business services.