Key Takeaways
- • Sole Source Capital (SSC), a Dallas-based industrial and business services-focused private equity firm, was ranked the top-performing manager in three PitchBook categories for its 2025 Manager Performance Score League Tables: Global Buyout, Global Buyout – Middle Market, and North America Private Equity.
- • SSC was the only ranked firm to receive a perfect 100 Performance Score in these categories, repeating its recognition from the prior year.
- • The firm's rankings were announced by PitchBook on July 28, 2026, and SSC disclosed them in a Business Wire release dated August 5, 2026.
- • Over the past year SSC added platform investments in power transmission & distribution and IT services, plus add-ons in electrical testing & measurement, seafood distribution, environmental services, and warehouse automation.
Summary
Sole Source Capital LLC ("SSC"), an industrial and business services-focused private equity firm, announced that it has been recognized again as the top-performing private equity manager across multiple categories in PitchBook's 2025 Manager Performance Score League Tables, according to a Business Wire release. SSC earned the highest Performance Score in Global Buyout, Global Buyout – Middle Market, and North America Private Equity. It was the only ranked firm to receive a perfect 100 Performance Score for a second consecutive year.
David A. Fredston, Founder and CEO of SSC, said the recognition reflects the consistency of the firm's investment approach, the strength of its team, and its focus on long-term value creation for investors and portfolio companies. The company attributed the rankings to its disciplined investment strategy and operational value creation capabilities.
According to the release, SSC expanded its portfolio over the past year through new platform investments in the power transmission & distribution and IT services sectors. It also completed strategic add-on acquisitions across electrical testing & measurement, seafood distribution, environmental services, and warehouse automation, reinforcing its position as a middle and lower middle market investor. PitchBook announced the League Tables on July 28, 2026, using a proprietary, data-driven methodology to assess managers that have consistently outperformed across fund types and global markets.
SSC, founded in 2016 by Fredston and headquartered in Dallas with an office in Santa Monica, California, pursues a buy-and-build strategy targeting fragmented, high-growth industrial subsectors. The firm seeks founder-owned businesses or corporate carve-outs. The company disclosed that it paid PitchBook a subscription but did not directly or indirectly provide compensation for inclusion in the rankings. The release notes that the rankings may not reflect investor experience and are not indicative of future performance.
David A. Fredston, Founder and CEO of SSC, said the recognition reflects the consistency of the firm's investment approach, the strength of its team, and its focus on long-term value creation for investors and portfolio companies. The company attributed the rankings to its disciplined investment strategy and operational value creation capabilities.
According to the release, SSC expanded its portfolio over the past year through new platform investments in the power transmission & distribution and IT services sectors. It also completed strategic add-on acquisitions across electrical testing & measurement, seafood distribution, environmental services, and warehouse automation, reinforcing its position as a middle and lower middle market investor. PitchBook announced the League Tables on July 28, 2026, using a proprietary, data-driven methodology to assess managers that have consistently outperformed across fund types and global markets.
SSC, founded in 2016 by Fredston and headquartered in Dallas with an office in Santa Monica, California, pursues a buy-and-build strategy targeting fragmented, high-growth industrial subsectors. The firm seeks founder-owned businesses or corporate carve-outs. The company disclosed that it paid PitchBook a subscription but did not directly or indirectly provide compensation for inclusion in the rankings. The release notes that the rankings may not reflect investor experience and are not indicative of future performance.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.