Company lists · Data refreshed September 2026

Top 25 Lower middle market private equity firms based in Calgary, Canada

RevenueBase identified 55 lower middle market private equity firms headquartered in Calgary, Canada as of September 2026 and tracks 438 professional contacts across them, including 239 with verified work emails. Toronto is the largest hub.

This list covers lower middle market private equity firms headquartered in Calgary, 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
55Companies
438Contacts tracked
239Verified emails
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The 25 largest lower middle market private equity firms based in Calgary, Canada

Ranked by team size
Top 25 of 55 lower middle market private equity firms based in Calgary, 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.
#CompanyHeadquartersEmployeesContacts
1
Invico Capital CorporationIndirect evidence
Calgary, AB, CanadaHQ checked Sep 4, 202611-5057

“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
2
SAF GroupIndirect evidence
Calgary, AB, CanadaHQ checked Sep 4, 202651-20057

“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
3
ARC Financial CorpIndirect evidence
Calgary, AB, CanadaHQ checked Sep 4, 202611-5055
Source: company website · checked Sep 4, 2026
4
The Mancal GroupPartial evidence
Calgary, AB, CanadaHQ checked Sep 4, 202651-20025

Privately-owned and based in Calgary, Alberta, Canada, The Mancal Group’s core principles are rooted in the values, insights, and financial proficiency acquired through our more…”

Source: company website · checked Sep 4, 2026
5
Triwest Capital PartnersStrong evidence
Calgary, AB, CanadaHQ checked Sep 4, 202611-5023

“Founded in 1998, TriWest Capital Partners is one of Canada’s leading private equity firms having raised over $1.6 billion ($CAD) of committed capital.”

Source: company website · checked Sep 4, 2026
6
Longbow CapitalIndirect evidence
Calgary, AB, CanadaHQ checked Sep 4, 202611-5017

“Longbow Capital Inc.”

Source: company website · checked Sep 4, 2026
7Calgary, AB, CanadaHQ checked Sep 4, 202611-5015

“Arlington Group is a Calgary based investment firm founded by CEO Frank Lonardelli focused on value creation throughout the entire development process.”

Source: company website · checked Sep 4, 2026
8
Durum BrownstonePartial evidence
Calgary, AB, CanadaHQ checked Sep 4, 202611-5014

“Durum Capital Inc.(Durum) is an asset manager focused on private investments that demonstrate a unique opportunity to add value.”

Source: company website · checked Sep 4, 2026
9
Cardon GroupStrong evidence
Calgary, AB, CanadaHQ checked Sep 4, 202611-5011

“The CARDON group is a micro private equity company that invests, owns, and operates small to mid-cap companies across Canada.”

Source: company website · checked Sep 4, 2026
10Calgary, CanadaHQ checked Sep 4, 20261-109

“MAGNETIC NORTH BUILDS VALUE BY APPLYING CAPITAL AND MANAGEMENT EXCELLENCE FROM INVESTMENT THROUGH MONETIZATION.”

Source: company website · checked Sep 4, 2026
11
And Capital VenturesIndirect evidence
Calgary, AB, CanadaHQ checked Sep 4, 20261-109

“We invest where operators see what spreadsheets miss.”

Source: company website · checked Sep 4, 2026
12
Waterous Energy FundStrong evidence
Calgary, AB, CanadaHQ checked Sep 4, 20261-107

“Waterous Energy Fund is a North American private equity firm seeking to invest $200 to $400 million in established oil and gas businesses with top quartile assets, requiring…”

Source: company website · checked Sep 4, 2026
13
Rumi CapitalPartial evidence
Calgary, AB, CanadaHQ checked Sep 4, 20261-107

“Rumi Capital is an entrepreneurial investment fund with the aim to acquire and operate small to medium-sized privately-held companies between $10 and $80 million in enterprise…”

Source: company website · checked Sep 4, 2026
14Calgary, AB, CanadaHQ checked Sep 4, 202611-506

“TOM Capital is a private capital, venture financing firm with a strong buy-hold inclination.”

Source: company website · checked Sep 4, 2026
15
BTG Capital INCIndirect evidence
Calgary, AB, CanadaHQ checked Sep 4, 20261-106
Source: company website · checked Sep 4, 2026
16
Bluesky EquitiesPartial evidence
Calgary, AB, CanadaHQ checked Sep 4, 20261-105

“Bluesky Equities Ltd.”

Source: company website · checked Sep 4, 2026
17
Vada CapitalStrong evidence
Calgary, AB, CanadaHQ checked Sep 4, 20261-104

“More than just capital… Vada Capital is an independent, family-backed private equity firm that partners with passionate management teams to achieve growth.”

Source: company website · checked Sep 4, 2026
18
KNG CapitalIndirect evidence
Calgary, AB, CanadaHQ checked Sep 4, 20261-104

“KNG Capital is a Alberta-based diversified holding Company with a portfolio of actively managed investments.”

Source: company website · checked Sep 4, 2026
19Calgary, AB, CanadaHQ checked Sep 4, 20261-103
Source: company website · checked Sep 4, 2026
20
Evora Equity INCStrong evidence
Calgary, CanadaHQ checked Sep 4, 20261-103

“Evora Equity Inc.(the "Company") is a western Canadian based private equity firm that is principally focused on acquiring small businesses within a select number of focused…”

Source: company website · checked Sep 4, 2026
21Calgary, AB, CanadaHQ checked Sep 4, 20261-103

“We invest our own capital in well established private companies.”

Source: company website · checked Sep 4, 2026
22
Saddle Horn EquityStrong evidence
Calgary, AB, CanadaHQ checked Sep 4, 20261-103

“An equity investor in lower middle market companies”

Source: company website · checked Sep 4, 2026
23
32 Degrees CapitalStrong evidence
Calgary, AB, CanadaHQ checked Sep 4, 20261-102

“Founded in 2004, 32 Degrees Capital is an oil & gas - focused private equity firm based in Calgary, Canada.”

Source: company website · checked Sep 4, 2026
24
ACS CapitalPartial evidence
Calgary, AB, CanadaHQ checked Sep 4, 20261-102

“ACS Capital owns and operates various private companies.”

Source: company website · checked Sep 4, 2026
25
Clear North CapitalStrong evidence
Calgary, AB, CanadaHQ checked Sep 4, 20261-102

“Clear North Capital is Canada’s pre-eminent family office focused on private equity that combines the strength of experience and insight with the flexibility and commitment…”

Source: company website · checked Sep 4, 2026

Showing 25 of 55 lower middle market private equity firms based in Calgary, Canada

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

As of Sep 4, 2026
1-10Median size (employees)
TorontoLargest hub · 263 HQs
Contacts with mobile numbers
Sep 4, 2026Data refreshed

Companies by employee count

1-10
38
11-50
11
51-200
4
501-1,000
2

Email recency for this list is measured across the whole Canada list rather than this city, so it is reported there. Company counts and contact totals on this page are exact for Calgary, over 55 companies.

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 Calgary, 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 Calgary 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, 239 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 in Canada

Frequently asked

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

RevenueBase identified 55 lower middle market private equity firms headquartered in Calgary, 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?

Invico Capital Corporation, headquartered in Calgary, 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 239 verified decision-maker contacts tracked across these 55 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.

Ready to reach these companies? Verified emails and direct dials for all 55 lower middle market private equity firms based in Calgary, Canada. Start with a free account, no credit card.

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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.