Peregrine Growth Partners seeks to forge partnerships with proven management teams looking for a strategic growth partner.
Our mission is to provide first institutional equity to growing service companies, working alongside business owners and entrepreneurs to help them scale thoughtfully, navigate transition points, build leading platforms in their respective industries, and deliver great outcomes to our partners and investors.
HOW WE ARE DIFFERENT
First institutional capital is our specialty.
Disciplined underwriting with customized, flexible structures.
Capital without a full buyout — you retain meaningful ownership.
Nimble, hands-on team — the people you meet are your team throughout our partnership.
meet our founder
Al Welch
25+ years in lower-middle market
60+ acquisitions across more than a dozen platforms
Long-term, partnership-driven investment mindset
Track record of experience working directly with business owners and management teams through first institutional transformations
WHO WE PARTNER WITH
We focus on founder-, entrepreneur-, or management-owned service companies seeking their first institutional capital partner.
Empower teams: avoids single-point dependency and build scale
Believe in market opportunity and their organization's ability to win
TARGET SECTORS
We invest in resilient, non-cyclical segments of business services — where durable fundamentals and long-term organic growth drivers support consistent performance.
Route-Based Business Services
Commercial landscaping, fire protection, etc.
High customer retention and repeat revenue
Fragmented markets suited for buy-and-build
Commercial landscaping, fire protection, etc.
High customer retention and repeat revenue
Fragmented markets suited for buy-and-build
Transportation & Logistics
Non-asset based providers, freight brokerage, 3PLs, 4PLs
Technology-enabled scale
Highly fragmented with consolidation opportunities
Non-asset based providers, freight brokerage, 3PLs, 4PLs
Technology-enabled scale
Highly fragmented with consolidation opportunities
Build the foundational systems, governance, and reporting needed to operate with institutional rigor.
Technology Infrastructure
Implement scalable technology and data systems that improve visibility, efficiency, and decision-making.
Management and Talent Optimization
Strengthen leadership, align incentives, and add capability to support growth at the next stage.
Organic Growth Acceleration
Refine sales execution, incentives, and performance tracking to drive consistent, repeatable growth.
M&A & Platform Expansion
Pursue disciplined acquisitions and integration to expand capabilities, scale, and market presence.
APPROACH
How We Partner
Our approach to partnership is simple: listen first, align early, and show up with transparency and respect when the work gets hard. Partnerships built on 5 core pillars:
We've done this before
Years of partnering with owners through various phases of growth give us real pattern recognition — we've seen what works and what to avoid in route to building an enduring business.
No surprises
We keep our word and follow through. We are transparent and surface issues early, so you always know where you stand.
We partner — we don't replace
You built this business and you'll keep running it. We work shoulder-to-shoulder with your team to remove obstacles and enhance your growth plan.
Full alignment from day one
Our interests are tied to yours from the outset. We partner with leaders whose values match ours, because shared principles carry a partnership through good times and challenges.
EXPERIENCE
Proven experience scaling service businesses through disciplined growth, stronger operations, and strategic M&A — with durability across market cycles.
60+
Acquisitions across more than a dozen platform investments*
*Figures reflect transactions effected during the principal's tenure at prior firms (2004-2025).
Choosing your first institutional partner is a big decision.
If you’re thinking about what’s next for your business, let’s start with a conversation.
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