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Explore Private Equity Investors in Utah, United States by Industry
Top Private Equity Firms in Utah
Utah, and its thriving “Silicon Slopes” corridor, has rapidly become a major hub for technology, innovation, and business. This dynamic growth has been fueled by a sophisticated ecosystem of local and national private equity (PE) firms.
These firms invest in a range of industries, from enterprise software to healthcare and consumer brands, helping Utah-based companies scale and succeed on a national stage.
In this article, we’ll explore the top private equity firms in Utah, highlighting their portfolio, investment focus, and notable contributions across the private equity landscape.
1. Sorenson Capital
Sorenson Capital is one of Utah’s most prominent and established private equity firms. Headquartered in Lehi, the firm focuses on mid-market buyouts and growth equity investments across technology, business services, and advanced industrials.
With a hands-on, operationally focused approach, Sorenson partners with companies at key inflection points, helping them scale efficiently. Notable investments include Workfront, a Provo-based enterprise software leader acquired by Adobe.
Their deep local network and industry expertise make Sorenson a critical growth partner for companies across the Silicon Slopes and beyond.
2. Leavitt Equity Partners
Leavitt Equity Partners (LEP), based in Salt Lake City, specializes exclusively in the healthcare sector. Founded by former Utah Governor and U.S. Secretary of Health Michael O. Leavitt, the firm combines capital with unmatched healthcare regulatory insight.
LEP partners with payers, providers, and healthcare technology firms, providing strategic guidance and growth capital. Their domain expertise makes them a go-to investor for companies navigating the complex healthcare landscape.
As a mission-driven investment firm, LEP brings purpose, precision, and deep value creation to every healthcare investment.
3. Mercato Partners
Mercato Partners, located in Cottonwood Heights, operates multiple funds spanning technology, branded consumer products, and food & beverage. Their Traverse fund focuses on growth equity in tech, while the Savory Fund backs restaurant concepts like Swig and R&R BBQ.
This multi-practice model gives Mercato the flexibility to support companies throughout their growth lifecycle, with sector-specific insight and a hands-on partnership approach.
With success stories across consumer and enterprise markets, Mercato remains one of Utah’s most dynamic private equity players.
4. Peterson Partners
Based in Salt Lake City, Peterson Partners is a private investment firm with a multi-fund platform covering growth equity, venture capital, and real estate. Founded by JetBlue Chairman Joel Peterson, the firm backs visionary entrepreneurs across the U.S.
Peterson’s "people-first" investment philosophy has supported companies like Allbirds, Packsize, and JetBlue, combining capital with mentorship and long-term partnership.
With its flexible capital model and wide sector reach, Peterson Partners remains a cornerstone of Utah’s entrepreneurial ecosystem.
5. Tower Arch Capital
Tower Arch Capital, located near Salt Lake City, is a lower-middle market private equity firm focusing on founder- and family-owned businesses in industrials, services, and niche manufacturing.
The firm works closely with management teams to preserve legacy while scaling operations, enhancing strategy, and growing value. Their investments are characterized by hands-on support and long-term collaboration.
Tower Arch is a trusted name for companies seeking thoughtful growth partners in Utah’s expanding economy.
6. HGGC
HGGC, while headquartered in Palo Alto, California, maintains strong ties to Utah through its co-founders and portfolio. Known for its “Advantaged Investing” model, HGGC invests in mid-market businesses with high growth potential across technology, services, and consumer sectors.
Many of HGGC’s leadership team and investments are rooted in Utah, reinforcing the firm's integral role in the state’s private equity ecosystem.
Although not locally headquartered, HGGC remains deeply engaged in driving innovation and expansion among Utah-based companies.
Let’s Recap
Utah is home to a dynamic and growing community of private equity firms that are fueling the success of the Silicon Slopes and beyond.
These firms stand out due to their operational expertise, strategic investments, and a culture of partnership that resonates with the region's entrepreneurial spirit. The private equity industry in Utah continues to expand as more capital flows into the state, supporting innovation from Salt Lake to Park City.
Looking to connect with firms that align with your company’s goals? Private Equity List provides a curated list with information on firms across all sectors and deal sizes, helping founders, shareholders, and intermediaries find the right investment professionals for their next move.
Join Private Equity List today to explore Utah’s best PE firms and unlock your business’s full potential.
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Frequently Asked Questions
What is private equity?
Private equity involves investing capital in companies, typically with the goal of improving operational efficiency and generating higher returns. Private equity firms invest in both private and public companies.
How does private equity benefit companies?
Private equity firms offer companies capital, strategic guidance, and operational expertise. This helps businesses grow, enter new markets, and improve efficiency.
What types of companies do private equity firms in Utah invest in?
In Utah, private equity firms invest in a wide range of sectors. There is a strong focus on technology (particularly B2B SaaS in the "Silicon Slopes"), healthcare, consumer brands, and business services.
What is growth equity?
Growth equity is a type of private equity investment where firms invest in companies with proven business models but need additional capital to scale. Unlike buyouts, growth equity investors usually take minority stakes.
How do private equity firms create value?
Private equity firms create value by improving operations, expanding markets, acquiring complementary businesses, and enhancing management teams to unlock the full potential of the companies they invest in.
How can I find the right private equity firm?
Platforms like Private Equity List help connect businesses with relevant investors. By using the platform, you can easily filter through various firms based on your industry, location, and specific needs to find an ideal partner for your Utah-based business.