ROOTED IN LEGACY. FOCUSED ON GROWTH.

OUR approach

Gray Capital Group was founded to support business owners and management teams as they consider a new chapter of ownership. Following acquisition, we prioritize protecting the company’s legacy, maintaining it’s reputation within the community, and fostering sustainable growth.

While every deal is unique, we focus on companies generating $1M – $3M in revenue. Companies that present sustainable growth opportunities through investments in people, processes, and systems are of interest based on our unique capabilities and access to working capital. We strive to collaborate with outgoing owners for up to 12 months post close to ensure continuity and success.

Matt Gray

FOUNDER & MANAGING DIRECTOR

Matt Gray grew up in a small Southeast Texas town, where he learned the value of hard work, integrity, and lasting relationships. From a young age, he worked alongside his father–a local fireman and small business owner–experiences that shaped his deep respect for Main Street entrepreneurs and the legacies they build.

Over the next two decades, Matt has developed a broad and practical foundation in business leadership, holding key roles across operations, finance, sales, and human capital within both private and public companies. His experience enables him to quickly assess operational performance, unlock hidden value, and drive sustainable growth.

With a passion for preserving legacy and fueling long-term value creation, Matt transitioned into the world of private equity with a focus on investing in and scaling enduring small and mid-sized businesses. His ability to build trust with founders, align interests, and lead thoughtful transitions makes him a valuable partner to both investors and operators.

To sharpen his expertise in Strategy and M&A, Matt earned an MBA from the University of Virginia, Darden School of Business, with a focus on corporate strategy and acquisitions. He is known for his practical judgment, steady leadership, and ability to bridge the gap between financial stakeholders and operational teams.

what we do

Legacy Driven Approach

Gray Capital Group was founded to support business owners and management teams as they consider new ownership. We believe that decades of dedication, community impact, and quality work can be preserved and enhanced simultaneously. We prioritize protecting the company’s legacy, maintaining its reputation within the community, and fostering sustainable growth.

Ownership–Driven Transition

Our transitions are partnerships, prioritizing the preservation of company legacy, culture, and community reputation. To ensure continuity, and long-term success, we work closely with outgoing owners, often up to 12 months post close, to create a seamless and supportive handoff.

Sustainable Scaling

Our focus is unlocking sustainable and strategic growth. We achieve this by capital investment in people, processes, and systems. We believe in investing back in the business, including expansion in new markets, and product or service offerings that benefit the customers we proudly serve.

PORTFOLIO

Acquisitions

  • DODD Air Conditioning

    HVAC – LIGHT INDUSTRIAL

    Established in 1981, Dodd Air Conditioning is a trusted provider of comprehensive heating, ventilation, and air conditioning (HVAC) solutions serving Southeast Texas.  As a family-owned and operated business, Dodd Air Conditioning is known for delivering responsive, reliable, and high-quality service to residential and light commercial clients.

    With over four decades of industry experience, the company specializes in HVAC system design, installation, preventative maintenance, and repair. Dodd Air Conditioning combines technical expertise with a personalized approach, ensuring every customer receives tailored solutions that prioritize comfort, efficiency, and long-term performance.

  • Delta Air Conditioning

    HVAC – LIGHT INDUSTRIAL

    With over 40 years of experience, Delta Air Conditioning has built a reputation for delivering dependable, high-quality HVAC solutions to homes and businesses across Beaumont, Crystal Beach, and the surrounding Southeast Texas region. Since 1985, we’ve proudly served our community with a commitment to integrity, technical excellence, and customer-first service.

    As an authorized TRANE dealer, we offer industry-leading heating and cooling products known for their performance, efficiency, and durability. Our partnership with TRANE allows us to provide customers with reliable, state-of-the-art systems backed by expert installation and ongoing support.

    Locally owned and operated, Delta Air Conditioning is rooted in a tradition of hard work and trusted service. From system design and installation to routine maintenance and emergency repair, our experienced technicians are dedicated to getting the job done right—on time and with attention to detail.

    At Delta, we believe in building long-term relationships through honesty, professionalism, and a deep respect for the people and communities we serve.

    Trusted for over four decades. Powered by TRANE. Committed to comfort.

contact us

Contact Gray Capital. We’re always seeking to connect with investors, business owners, and industry experts.