# StoneCreek Capital

StoneCreek Capital is a Private Equity based in Fort Worth, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Fort Worth, United States
- **Region:** North America
- **Address:** Fort Worth, TX, United States
- **Founded:** 1992
- **Assets under management:** Undisclosed
- **Website:** stonecreekcapital.com
- **LinkedIn:** https://www.linkedin.com/company/stonecreek-capital-inc

## Regulatory record

- **Reports private funds:** No

## About

StoneCreek Capital formed in 1992, when founders Drew Adams and Bruce Lipian broke from the institutional track — Lipian had been at Kelso & Co., Adams at Wells Fargo — to pursue an independent-sponsor model that was then uncommon. The firm operates from Fort Worth and Newport Beach. The firm targets change-in-control buyouts of middle-market companies generating $3 million to $15 million in EBITDA, with enterprise values between $10 million and $100 million. Sellers include entrepreneurs, family-owned businesses, private equity portfolio companies, and corporate spinoffs. Portfolio evidence spans manufacturing (BarrierSafe Solutions International, FoodHandler Holdings, Fire-Dex), media and experiential marketing (Mob Scene, Pinnacle Exhibits), healthcare (Kova International), and retail (Montana Silversmiths). StoneCreek works across business services, aerospace and defense, value-added distribution, and experiential marketing, with a disclosed geographic footprint anchored in North America. The current principals have led over 15 platform acquisitions and more than 30 add-on acquisitions, while supporting an additional 15 platforms during earlier careers at Kelso & Co. and The Gordon+Morris Group. Deployment across the firm's history exceeds $2 billion in enterprise value, according to the firm. StoneCreek maintains offices in Fort Worth and Newport Beach. The firm has not disclosed AUM or total headcount, consistent with its independent-sponsor structure. No philanthropic foundations or adjacent club vehicles have been confirmed. StoneCreek's structural shape departs from conventional private equity in its lean independent-sponsor architecture. It raises transaction-specific capital rather than managing a blind-pool fund, aligning capital each time against a specific deal. This allows flexibility on hold periods and seller structures, and it anchors governance around the two principals' direct involvement — a model built for continuity across three decades of middle-market buyouts.

## Sectors

- Mobility & Transportation
- Healthcare Services
- Industrial Tech
- Media & Entertainment

## Offices

- Newport Beach, CA, United States

## People

- Drew Adams — President
- Bruce Lipian — Managing Director

## Questions

### How does StoneCreek Capital source deals without a dedicated fund structure?

StoneCreek sources change-in-control buyouts directly from entrepreneurs, family-owned businesses, private equity portfolio companies, and corporate spinoffs. The firm's three-decade track record and dual-office presence in Fort Worth and Newport Beach generate repeat referral flow. Bruce Lipian is a founding member of the Orange County Transaction Network and active in the Association for Corporate Growth, providing West Coast origination channels.

### Is StoneCreek an independent sponsor or a traditional private equity fund?

StoneCreek operates as an independent sponsor, raising capital on a transaction-by-transaction basis rather than from a committed blind-pool fund. This model lets the firm tailor capital structures to each deal and removes constraints on hold periods. The two principals — Drew Adams and Bruce Lipian — have structured over 45 acquisitions using this approach since 1992.

### What size and type of companies does StoneCreek acquire?

StoneCreek targets middle-market companies with $3 million to $15 million in EBITDA and enterprise values between $10 million and $100 million, though it can pursue larger transactions. The firm requires at least 10% EBITDA margins and seeks businesses with strong management teams, defensible market positions, and opportunities for operational improvement. It has executed across manufacturing, healthcare services, media, and distribution.

### Who runs investment decisions at StoneCreek Capital?

President Drew Adams and Managing Director Bruce Lipian jointly run the firm. Adams oversees day-to-day operations and investment activity, drawing on more than 35 years in direct equity and leveraged finance. Lipian, a Kelso & Co. alumnus and Wharton MBA, co-founded the firm and leads transaction execution alongside Adams.

### What is StoneCreek Capital's known posture on co-investments alongside external GPs?

StoneCreek acts as the lead sponsor in its transactions rather than participating as a minority co-investor alongside external GPs. The firm raises deal-specific capital to back each acquisition, taking change-in-control positions and working directly with management teams to implement strategic plans and operational improvements.

## Related profiles

- [Stonecourt Capital](https://altss.com/profile/stonecourt-capital)
- [Stonecrest Partners](https://altss.com/profile/stonecrest-advisors)

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

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