Your Partner in the Growth Transition

Transition Capital Partners (“TCP”) is a Southlake, TX based private equity investment firm. Founded in 1993, TCP has successfully invested in over 50 middle market companies spanning a diverse array of industries. 

TCP partners with management teams to build sustainable value in businesses over the long-term, without the artificial constraints fundraising cycles create for traditional private equity funds. With more than thirty years of proven success, we have a long track record of collaborating with our partners to accelerate the growth of middle market companies.

Why Us?

Private equity, done a little differently

We do think we are a little different. In a nutshell, we are small, experienced, focused, all-in committed, and crazy passionate about what we do and why it matters.  Our management partners, company employees, customers, vendors, lenders, and our investors are all incredibly important constituents that expect and deserve our focus and unwavering commitment.        

Experience matters

Founded in 1993 and with over 50 platform acquisitions completed, we have been successfully investing in middle market companies for three decades. We believe our reputation for being a value-added partner has been earned through real experience, both our successes and our failures.

Passion for the Partnership

Partnership with our management teams drives everything we do. It’s the reason we exist.  We wake up every day thinking about the well-being of our management partners, thinking about their opportunities and challenges, and how we can help.  We truly believe the people in our businesses are our business.   

Small, for a Reason

TCP is a small, focused investment team, for a reason. We take our partnerships with management teams very seriously and we believe that it is people and relationships that make the difference. We only make one to two new investments per year so we can concentrate on providing our management partners with the time, attention and contribution that they expect and deserve.

Solid Foundations

At TCP, we are as invested in our own partnership as we are in our portfolio companies.  In 2020 as the world was hunkering down and going virtual, TCP was once again going against the grain.  We bought a building.  Where nowadays most private equity groups work out of non-descript office space, if they even have an office at all, we bought a unique property to invest in our partnership, our community, and our brand.  We are a little different than the typical private equity group, and our work home demonstrates that.  Come visit us.


Every team needs a mascot, and TCP is no exception. Our resident shop dog, Cash, can be found lounging around the office most days. He is just another example of how Transition Capital Partners does private equity a little differently.


And Beyond

While we invest in companies headquartered throughout the United States, we passionately believe in the strength and resilience of the Texas economy and the management teams that choose to build businesses here. As a result, we have completed more than 20 acquisitions here and will always proudly “fly the Lone Star flag”. 

Our Team
















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Andy is the “short-timer” among the TCP partners, having joined in 2012.

Andy works with TCP’s portfolio companies on strategy, management team development, business building, problem solving and acquisitions. He is also responsible for new TCP investments and marketing.

Prior to joining TCP, Andy was a Managing Director for several funds and family offices including a subsidiary of Credit Suisse, Hunt Private Equity Group and J.B. Poindexter & Co. Prior to that, Andy was the Chief Financial Officer of a private equity backed consolidator in the equipment rental industry and a Director of Corporate Finance for Comerica Bank.

Andy earned a B.A. from Michigan State University, an M.B.A. from Wayne State University, holds the Chartered Financial Analyst designation and is a member of the CFA Institute.

Andy currently serves on the Board of Directors for Petroflex North America, Xclusive Services, Hospice Source, McDaniel Metals, and Highstreet IT Services.

Andy has been married over three decades and has two boys. Andy enjoys working out and playing the guitar.  While the hair is long-gone, he is still working on being an 80’s MTV rock-star!    

Jason has worked for TCP for much of his career, starting in sales management in a portfolio company in 2003. Jason joined TCP in 2009.

Jason works with TCP’s portfolio companies on strategy, management team development, business building, acquisitions, and sales & operational management. Jason is also responsible for new TCP investments and investor relations.

Prior to joining TCP, Jason was a Senior Partner at Lucas Group, a global recruiting firm, and in sales management at Centego Marketing, a portfolio company of the Patterson Thoma Family Office (formerly an affiliate of TCP).

Jason holds a B.A. in Finance from Southern Methodist University, where he played football.

Jason currently serves on the Board of Directors of Petroflex North America, Hospice Source, Xclusive Services and McDaniel Metals.

Jason is married with a daughter and enjoys working out, watching good football and playing bad golf.

Keith joined TCP in 2008 when he picked up his family and moved halfway across the country to the greatest state in the Union. He is the primary point of contact for portfolio company CFOs.  Strangely, he enjoys budgeting, financial management, financing, accounting, tax, legal and endless other financial and administrative tasks that his partners are happy to let him manage.  Keith also leads diligence efforts for new TCP investment opportunities.

Prior to joining TCP, Keith served as a Vice President of Operations for Corporate Sports Marketing Group and as a Portfolio Manager with Salomon Smith Barney.

Keith holds a B.A. in Economics from Davidson College.

Keith currently serves on the Board of Directors of Petroflex North America, Xclusive Services, Hospice Source and McDaniel Metals.

Keith is married with two boys and spends all of his “free time” cheering for them, either on the soccer pitch or the baseball diamond.

Keith also chauffeurs the TCP shop dog Cash to and from the office.


Celeste Newton

Chief Financial Officer

Celeste has been working with TCP since 2016.

Celeste manages finance, accounting, and treasury functions for TCP.

Prior to joining TCP, Celeste was in public accounting at Deloitte Tax, LLP.

Celeste is a Certified Public Accountant (CPA) in the state of Texas and holds a Bachelor of Accounting and Master of Professional Accounting degree from the University of Texas at Austin.

Celeste is married with two children and enjoys water skiing, traveling and spending time with family.

Preston first interned with TCP in 2018, returned for a second internship in 2021 and joined full time in 2023. Prior to joining TCP, Preston was an associate at Hext Financial Group.

Preston focuses on new TCP investment opportunities, investment due diligence, marketing, and supporting portfolio companies.

Preston holds a B.A. in Philosophy, a B.B.A. in Real Estate Finance, a J.D., and a M.B.A. in Finance from Southern Methodist University. 

Preston enjoys traveling, golf, flying, and non-profit work as a committee member for the Dallas Zoo and Hope Supply Co.

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