Gauge Capital

Founded in 2013 by Drew Johnson and Tom McKelvey, Gauge Capital is a Southlake, Texas-based middle-market private equity firm investing in growth-oriented companies across the United States and Canada. Partnering with founders and management teams, the organization executes majority, minority, and shared control transactions, including buyouts and recapitalizations, across the business services, food and consumer, government and industrial services, healthcare, and technology sectors. Operating with an investment model that contributes thirty percent general partner capital to its deals, the firm currently manages more than $3.0 billion in total assets. Following the close of its $1.4 billion Fund IV in early 2024, the firm completed five new platform investments while actively seeking add-on acquisitions. These middle-market transactions were executed under the strategic direction of key firm leaders, including partners David Friedman, James Jackson, and managing director Stan Dennis.