Our Purpose
To create sustainable businesses that honor the legacy of the owner or founder and create a financial return for investors that secures their freedom to live the life they have imagined for themselves, their family and the communities they support.
Summit Holdings is a Memphis, Tennessee-based private equity investment firm that acquires, manages and builds value in lower middle market service, distribution and consumer product companies. Founded in 2018, we have an established history of value creation for our investors and management teams.
What We Do
Summit Holdings acquires established, successful companies and helps them reach even higher levels of customer success, profitability and business value. We work with our acquisitions to strengthen management processes, attract new customers and capitalize on business growth and development.
Our Portfolio
These companies represent the diversified platforms of the Summit Holdings portfolio.
PWR Technologies
PWR Technologies is a diversified managed service provider focusing on IT services, phone and internet services and structured cabling for businesses of all sizes. Founded in 2018, PWR Technolgies has grown nearly 20% YOY and is currently building its business organically and through complementary acquisitions.
Strong Roots Landscaping
Strong Roots Landscaping is a multi-faceted landscaping copmany that provides high-quality landscaping services across the Southwest. Strong Roots also operates as a "House of Brands" that is aggressively pursuing acquisition opportunities.
Centric Realty
Centric Realty is a technology-first and realtor focused real estate brokerage that is designed to be "customer centric". Founded in 2021, Centric Realty has been rapidly adding new realtors and expanding its service area to become a strong regional brokerage.
Riverhorse Logistics
River Horse Logistics is a diversified platform of logistics companies. The operating companies in this investment offer a variety of 3PL services including LTL and full truckload, cross-docking, fulfillment, warehousing, and freight brokerage. Founded in 2016, River Horse operates a “House of Brands” primarily serving customers from the West Coast to the MidWest.
Truworth Rentals
TruWorth Rentals is an investment focused on rent-to-own portable buildings. TruWorth owns and controls a portfolio of rental contracts and is invested in a manufacturer to whom TruWorth provides strategic and financial guidance. TruWorth was founded in 2019 and is currently acquiring contracts across the central and southern United States.
Celebrity Healthcare
Celebrity Healthcare is a multi-discipline healthcare company that specializing in injury care with multiple facilities. Summit Holdings managed the business and was able to reduce costs by over 20% and increase operational efficiency five fold. In March of 2018, Summit Holdings was able to successfully divest from Celebrity Healthcare and its assets, realizing an annual IRR of over 15%.
Online Tech Stores
Online Tech Stores is a wholesale distributor and online retailer of compatible imaging supplies and accessories, including laser printer toner & ink cartridges, toner, ribbons and thermal fax consumables. Blackford Capital, a private equity firm from Grand Rapids, MI, with extensive industry experience purchased OTS in an asset purchase in February 2018. Summit Holdings assisted OTS with analysis & capital in expanding from the original Reno & Memphis facilities in order to gain faster distribution at lower costs to key areas by opening 3 additional distribution centers and managed the sell-side process to Blackford.
City Gear
City Gear is a footwear and apparel retailer, featuring major brands such as Nike, Jordan, and adidas. As of 2018, City Gear was operating nearly 130 stores across the Southern and Central US. Hibbett Sports acquired City Gear in November 2018. Hibbett Sports is a publicly traded retailer operating over 1300 stores in the US, has a similar physical footprint, and is one of Nike’s preferred retail partners. Through the investment timeline, Summit Holdings led 3 transactions on behalf of City Gear, arranged for bank facilities to accommodate an annual 10% store count growth, and directed the sell-side process to Hibbett.
Vero Business Capital
Vero Business Capital is a specialty finance company, factoring accounts receivables for companies in the transportation industry. Summit Holdings acquired Vero in August of 2016, overhauled the management team, replaced the accounting & operating systems with an integrated solution, re-financed the business, and acquired Foley Business Capital before selling the platform. Love’s Financial, a member of the Love’s Family of Companies, acquired Vero in July 2020. Love’s is a nationwide network of travel stops. Through its financial services company, Love’s provides freight factoring solutions with added services such as fuel and tire discounts.
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