CenterOak Partners Closes $1.1 Billion Fund III; Focused on Industrial Growth and Business Services

Dallas-based private equity firm CenterOak Partners has closed its third equity fund, raising over $1.1 billion in commitments. Fund III will target middle-market companies, with a focus on industrial growth and business services sectors. This latest fund exceeds its predecessor, which closed at $690 million in 2019, demonstrating strong investor confidence in the firm’s operational expertise. CenterOak has a successful track record of transforming lower middle-market businesses through its buy-and-build strategy. The firm’s growing portfolio highlights its commitment to value creation in U.S.-based businesses.