Investor profile

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Garden City Equity

PE

USOther

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Investment thesis

Garden City Equity is a people-first, evergreen holding company that acquires and permanently holds family- and founder-owned service businesses in the South and Southwest United States, targeting lower middle-market companies with up to $25 million of EBITDA. Unlike traditional private equity, Garden City uses little to no debt, has no intent to sell its businesses, retains existing management teams, and is backed by approximately 200 mission-aligned individual shareholders rather than institutional investors. The firm's mission is to create workplaces where every team member can thrive with dignity and purpose, viewing the acquisition of small and mid-sized businesses facing succession challenges as both a financial opportunity and a social good.

Notable quotes

Growing up as the son of Puerto Rican parents working blue collar jobs, I saw first-hand that working hard didn't necessarily lead to opportunities to thrive.

Michael Arrieta · Business Wire / Garden City Equity press release · 2026-02-12

People over profits. That's why we exist.

Michael Arrieta · Garden City Equity website (About page)

We're excited to help build on the strong foundation they've established as we pursue growth in their core markets and beyond.

Jeff Giles · Business Wire – CRA acquisition announcement · 2025-07-30

Team

Michael Arrieta

Founder & CEO

Other

Jeff Giles

Senior Partner & Chief Investment Officer

Other

Nick Illuminati

Principal

Other

Megan Walker

CFO & CCO

Other

Chad Merrill

Partner

Other

Rich Matherne

Chief Operating Officer

Other

Recent investments

CompanyRoundSizeDate
American LightscapesAcquisition (add-on via CRA)2025-09-12
Commercial Residential Aluminum (CRA)Acquisition2025-07-30
Westbrook Service CorporationPE Round2025-01-13
WeBuildAcquisition2024-02-28
Wathco General ContractorsAcquisition2023-07-24
ConnextAcquisition2022-04-03
Essig PoolsAcquisition2021-12-09
Pathway HealthcareUndisclosed
RevPartnersUndisclosed

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