Company lists · Data refreshed September 2026

Top 25 Lower middle market private equity firms based in Canada

Name: Lower middle market private equity firms based in Canada
Creator: RevenueBase
License: https://creativecommons.org/licenses/by/4.0/

Compiled by the RevenueBase Data Team Data refreshed Sep 4, 2026 610 companies tracked

RevenueBase identified 610 lower middle market private equity firms headquartered in Canada as of September 2026 and tracks 6,268 professional contacts across them, including 2,597 with verified work emails and 685 with mobile numbers. Toronto is the largest hub.

This list covers lower middle market private equity firms headquartered in Canada, matched on what each company actually does as described in its own words. Ranked by team size, largest first. Every row shows the company's own description, how directly it supports the match, and when it was last checked. Data refreshed September 4, 2026.

Published by RevenueBase, a B2B data infrastructure company. This list was built with RevenueBase SmartSearch, the natural-language company search RevenueBase customers use to build their own targeted lists and unlock verified emails and direct dials at the companies on them. How these lists are built and judged.

How to read this list HQ checked on every row Match evidence on every row Refreshed Sep 4, 2026 86% judged on-target in blind review

610Companies

6,268Contacts tracked

2,597Verified emails

685Mobile numbers

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The 25 largest lower middle market private equity firms based in Canada

Ranked by team size

Top 25 of 610 lower middle market private equity firms based in Canada, ranked by team size, largest first. Data refreshed Sep 4, 2026. Evidence rates how directly each company's own description names lower middle market private equity firms: strong (names it), partial (names part of it), indirect (matched on its full profile rather than the summary shown). Click a count to unlock that company's people.
#	Company	Headquarters	Employees	Contacts
1	JV Driver InvestmentsIndirect evidence	Leduc, AB, CanadaHQ checked Sep 4, 2026	501-1,000	642
	“JV Driver Investments Inc.” Source: company website · checked Sep 4, 2026
2	NovacapIndirect evidence	Brossard, QC, CanadaHQ checked Sep 4, 2026	51-200	355
	“Novacap est un investisseur nord-américain d’envergure et l’une des sociétés d’investissement privé les plus expérimentées au Canada.” Source: company website · checked Sep 4, 2026
3	Fengate Asset ManagementStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	201-500	331
	“Fengate is a leading investment firm specializing in real assets, with a focus on infrastructure, private equity and real estate.” Source: company website · checked Sep 4, 2026
4	Aspire SoftwarePartial evidence	Montreal, QC, CanadaHQ checked Sep 4, 2026	1,001-5,000	287
	“Aspire Software is a global software investment and operating company focused on acquiring, building, and scaling exceptional vertical market software businesses.” Source: company website · checked Sep 4, 2026
5	SagardStrong evidence	Montreal, QC, CanadaHQ checked Sep 4, 2026	201-500	287
	“Sagard is a global multi-strategy alternative asset management firm active in venture capital, private equity, private credit, and real estate.” Source: company website · checked Sep 4, 2026
6	Northleaf Capital PartnersStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	201-500	280
	“Northleaf Capital Partners is a global private markets investment firm with more than US$31 billion in private equity, private credit and infrastructure cumulative capital…” Source: company website · checked Sep 4, 2026
7	Altas PartnersStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	51-200	99
	“Altas Partners is a North American private equity firm focused on selectively acquiring significant interests in high-quality, durable businesses with compelling growth potential.” Source: company website · checked Sep 4, 2026
8	Birch Hill Equity PartnersStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	11-50	91
	“Birch Hill is a Canadian mid-market private equity firm with a long history of driving growth in our portfolio companies and delivering returns to our investors.” Source: company website · checked Sep 4, 2026
9	AquilaPartial evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	1,001-5,000	79
	“Aquila eternally invests in market leaders with staying power across enterprise software, vertical SaaS and data.” Source: company website · checked Sep 4, 2026
10	Imperial Capital LimitedIndirect evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	51-200	75
	“Imperial Capital has been successfully building better businesses since 1989.” Source: company website · checked Sep 4, 2026
11	Torquest PartnersStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	51-200	66
	“TorQuest Partners is a Canadian-based manager of private equity funds with a proven track record in identifying and building value in a diversified portfolio of companies based…” Source: company website · checked Sep 4, 2026
12	Sureswift CapitalIndirect evidence	Victoria, BC, CanadaHQ checked Sep 4, 2026	51-200	64
	“SureSwift Capital acquires and manages exceptional businesses with strong fundamentals.” Source: company website · checked Sep 4, 2026
13	Lynx Equity LimitedStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	1,001-5,000	64
	“Lynx Equity is a private equity firm that owns and operates fifty companies in various industries across North America, the United Kingdom, and Denmark.” Source: company website · checked Sep 4, 2026
14	Claridge INCPartial evidence	Montreal, QC, CanadaHQ checked Sep 4, 2026	11-50	62
	“Claridge is a private investment firm headquartered in Montreal, Canada.” Source: company website · checked Sep 4, 2026
15	Invico Capital CorporationIndirect evidence	Calgary, AB, CanadaHQ checked Sep 4, 2026	11-50	57
	“Invico Capital Corporation is an award-winning Canadian investment fund management firm providing alternative investing and financing solutions in Canada and the U.S.” Source: company website · checked Sep 4, 2026
16	SAF GroupIndirect evidence	Calgary, AB, CanadaHQ checked Sep 4, 2026	51-200	57
	“SAF Group (“SAF”) is a global alternative investment manager actively deploying and raising capital with a focus on generating above average risk adjusted returns through credit…” Source: company website · checked Sep 4, 2026
17	MNC Capital INCIndirect evidence	Montreal, QC, CanadaHQ checked Sep 4, 2026	11-50	57
	“Established in 1979, MNC Capital is an internationally renowned mergers and acquisitions firm based in Montreal, Canada.” Source: company website · checked Sep 4, 2026
18	ARC Financial CorpIndirect evidence	Calgary, AB, CanadaHQ checked Sep 4, 2026	11-50	55
	Source: company website · checked Sep 4, 2026
19	Clairvest Group INCStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	11-50	54
	“Clairvest, a leader in the Canadian private equity industry for more than 35 years, has approximately $4.3 billion of capital under management.” Source: company website · checked Sep 4, 2026
20	MKB & COStrong evidence	Montreal, QC, CanadaHQ checked Sep 4, 2026	11-50	46
	“MKB is a North American private investment firm that specializes in providing growth equity to companies driving innovation in the energy, transportation, built environment…” Source: company website · checked Sep 4, 2026
21	Oncap Management PartnersPartial evidence	Toronto, CanadaHQ checked Sep 4, 2026	11-50	45
	“ONCAP, in partnership with operating company management teams, invests in and builds value in North American headquartered small and medium sized businesses that are market…” Source: company website · checked Sep 4, 2026
22	Firepower CapitalIndirect evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	11-50	44
	“FirePower Capital advises and invests in Canada’s entrepreneurs.” Source: company website · checked Sep 4, 2026
23	VRG CapitalStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	11-50	43
	“Founded in 1982, VRG Capital is a private equity firm backed by a select group of Canadian family offices.” Source: company website · checked Sep 4, 2026
24	Kensington Capital Partners LimitedIndirect evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	11-50	41
	“Founded in 1996, Kensington is a Canadian alternative asset manager with offices in Toronto and Vancouver.” Source: company website · checked Sep 4, 2026
25	Harlo EntertainmentStrong evidence	Toronto, ON, CanadaHQ checked Sep 4, 2026	11-50	40
	“Harlo Entertainment is a Toronto-based private equity firm with more than $250M assets under management.” Source: company website · checked Sep 4, 2026

Showing 25 of 610 lower middle market private equity firms based in Canada

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Lower middle market private equity firms based in Canada at a glance

As of Sep 4, 2026

1-10Median size (employees)

TorontoLargest hub · 263 HQs

685Contacts with mobile numbers

Sep 4, 2026Data refreshed

Companies by employee count

1-10

419

11-50

135

51-200

201-500

501-1,000

1,001-5,000

5,001-10,000

Verified emails by last verification

0–30

2,449

31–60

142

61–90

90–180

180+

How this list was built

Company categories are rarely black and white. RevenueBase reads each company's own description of its business to decide whether it belongs among lower middle market private equity firms, so some rows will be adjacent to the category rather than pure plays. The description and evidence rating on every row are there so you can check each match yourself.

Source: The RevenueBase company graph: 60 million companies and 398.9 million professional contacts resolved from primary sources, queried with RevenueBase SmartSearch, the natural-language company search available to every RevenueBase user.
What qualifies: Companies headquartered in Canada whose own description of what they do matches “lower middle market private equity firms”. Matching reads each company's description, not its industry code or its name.
What we exclude: Companies whose own description does not clearly place them among lower middle market private equity firms, and records with no verified work email. Companies headquartered outside Canada are excluded even when they keep an office there.
Match quality: In blind human judging of this matching method, 86% of matched companies were on target. Expect roughly 1 in 7 rows to be adjacent to the category rather than a pure play. Every row shows the company's own description and an evidence rating so you can judge each match yourself. Read the full methodology: how the lists are built, how the judging worked, and what the figure means.
Ranking: Team size, largest first: companies are ordered by the number of professionals RevenueBase tracks at each one. Employee ranges shown are reported bands, for context.
Verification: Every listed company carries at least one verified work email, 2,597 across the full list. Contacts re-verify on a rolling cadence, and each contact's own verification date is shown inside RevenueBase.
Refresh: This page's figures were pulled from the company graph on September 4, 2026. Lists refresh periodically as the graph is re-checked.
Corrections: Wrong category, wrong headquarters, or a company that has closed? Use “Report an issue” on any row. Reports go to the RevenueBase Data Team and feed back into the company graph.

Lower middle market private equity firms by metro

Frequently asked

How many lower middle market private equity firms are there based in Canada?

RevenueBase identified 610 lower middle market private equity firms headquartered in Canada as of September 2026, matched on each company's own description of what it does rather than its industry code.

What is the largest company on this list?

JV Driver Investments, headquartered in Leduc, tops this list with the largest team on record.

Which city has the most lower middle market private equity firms?

Toronto leads with 263 headquartered companies, followed by Vancouver (84) and Calgary (55).

How do I get contact information for these companies?

A free RevenueBase account lets you run this exact search and work the top results, verified emails and direct dials included. Upgrading unlocks all 2,597 verified decision-maker contacts tracked across these 610 companies.

How current is this list?

The list refreshes periodically as the company graph is re-checked. This page's figures were pulled on September 4, 2026.

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About this data

RevenueBase is a B2B data infrastructure company. Its company graph covers 60 million companies and 398.9 million professional contacts, with emails verified on a rolling cadence rather than scraped once and left to decay. These company lists are generated directly from that graph with RevenueBase SmartSearch, the same natural-language company search every RevenueBase user has: describe a market in plain words, get the companies that match, and add verified emails and direct dials for the people at them. It is the same data that powers RevenueBase's B2B data products, and a free account includes 500 credits to start. How these lists are built and judged.