Stockton Road Capital

Joe Rhodes, the founder and Managing Partner, leads investment decisions. He previously led consumer products investing at Charterhouse Group and works alongside a network of operating partners to evaluate deals. The firm does not disclose a formal investment committee beyond Rhodes and those partners.

Sourcing relies on Joe Rhodes’s network, the firm’s operating partners, and its distinct positioning in branded consumer products. Because it does not run a blind pool, it competes for proprietary opportunities by offering tailored capital structures rather than outbidding on price alone. The website highlights that partner companies value its sector-specific operational input.

It operates as a deal-by-deal investor. Rather than raising a traditional closed-end fund, Stockton Road matches each transaction with a unique group of capital partners—family offices, other private equity firms, and pension funds—giving it flexibility on equity size and structure for each company.

The firm works across leveraged buyouts, corporate carveouts, management buyouts, growth equity investments, family-business and founder transitions, and turnarounds. It explicitly states that it does not invest in startups or early-stage ventures and looks for companies with at least $10 million in revenue.

Stockton Road invests in health and wellness, nutrition, beauty and personal care, food and beverage, consumer healthcare, household products, luxury and lifestyle, and fitness. Portfolio examples include protein snacks (Lenny & Larry’s), natural body care (Humble Brands), and plant-based foods (Daiya, realized).

Joe Rhodes is also the Managing Partner of Hummingbird Equity Partners, described as an affiliate of Stockton Road Capital. The firm hasn’t publicly detailed the legal or economic relationship, but both entities appear to share the same investment focus and principal.

The firm leans on a dedicated group of operating partners who help source deals and add value to portfolio companies. Joe Rhodes himself often serves as a strategic advisor or Board member—as he did for Daiya Foods—offering guidance on category strategy and organizational decisions.