On Track Partners Acquires Wisconsin's Carey's in Midwest Expansion

TAMPA, Fla. – February 24, 2026 – National home services leader On Track Partners announced today its acquisition of Carey's Seamless Gutters & Overhead Doors, a highly-regarded southern Wisconsin company. The move marks a significant strategic push into the Midwest for the garage door giant and highlights a growing trend of private equity-backed consolidation within the fragmented home services industry.

A National Strategy with a Local Focus

The acquisition is a key component of On Track Partners' deliberate national growth strategy. Founded in 2022 with backing from the New York-based private investment firm NorthCurrent Partners, the company has pursued an aggressive expansion plan centered on acquiring established, reputable regional leaders. This approach allows On Track to rapidly build a national footprint while leveraging the local brand equity and customer trust built over years by its new partners.

This pattern is evident in their recent activities. In 2024, On Track Partners acquired two Central Indiana businesses, Fairmount Door Corporation and Thomas Garage Door Sales, folding them into its growing network. The addition of Carey's, a dual-specialty provider in both gutters and garage doors, not only extends their geographic reach into Wisconsin but also broadens their service portfolio.

"Carey's exemplifies the type of business we look to partner with – community-focused, service-oriented, and built on a reputation for doing the job right," said Daley Donigan, Head of M&A at On Track Partners, in the official announcement. Donigan emphasized the value of the company's founders, stating, "Dan and Becky have grown a business that customers trust for both the quality of their work and the way they treat their communities. We're excited to support their continued success while preserving the culture and customer-first approach that has defined Carey's."

The plan is not to absorb and erase the local brand. According to the announcement, Carey's will continue to operate under its well-known name, and its entire leadership team and staff of over 50 employees will remain in place. On Track Partners will provide backend operational support and capital resources, aiming to fuel growth while preserving the company culture.

The Legacy of a Wisconsin Mainstay

For nearly two decades, Carey's Seamless Gutters & Overhead Doors has been a fixture in the southern Wisconsin home improvement landscape. Founded in 2006 by Dan and Becky Carey, the company built its reputation from the ground up, focusing on quality workmanship and customer relationships from its locations in Belmont and Prairie du Chien.

Their market leadership is backed by more than just longevity. The company holds a coveted A+ rating with the Better Business Bureau and is an accredited member of the International Door Association (IDA). Furthermore, Carey's has earned multiple accolades from major manufacturer C.H.I. Overhead Doors, including designations as a "5 Star Dealer" with Platinum, Ruby, and Emerald level awards, signifying a high volume of sales and a commitment to service excellence.

This success is rooted in a comprehensive service model that addresses two critical areas of home maintenance. By offering seamless gutter installation, cleaning, and protection alongside a full suite of residential and commercial garage door services, Carey's established itself as a one-stop shop for local homeowners and businesses, fostering deep customer loyalty.

The founders expressed that this partnership marks a new chapter built on that legacy. "We're incredibly proud of what we've built at Carey's, and this moment is a meaningful milestone for our team," said Dan and Becky Carey in a joint statement. "On Track Partners understands the importance of people, culture, and customer trust. With their support, we can continue to invest in our team, broaden our service capabilities, and maintain the high standards our customers have come to expect."

The Private Equity Playbook in Home Services

This acquisition is a textbook example of a powerful force reshaping Main Street businesses across America: private equity investment in the home services sector. The U.S. home services market, valued at over $650 billion, is notoriously fragmented, composed of hundreds of thousands of small, independent operators. This makes it a prime target for investment firms like NorthCurrent Partners, which seek to create value by consolidating regional leaders into a cohesive national platform.

NorthCurrent, the financial engine behind On Track Partners, specializes in this model. As the private equity arm of a family office, it operates with a longer-term investment horizon than many traditional PE firms. Their strategy focuses on partnering with founder-led companies in sectors like residential services, providing capital and strategic oversight to accelerate growth through both organic means and further "add-on" acquisitions.

Their portfolio, which includes other home service platforms like Liberty Service Partners and Certified Climate Control, demonstrates a clear thesis: identify strong local businesses, preserve their operational culture and leadership, and inject the resources needed to scale. This approach aims to provide a "win-win" scenario, offering a lucrative exit for founders while ensuring the business they built continues to thrive and grow. The trend is fueled by strong market fundamentals, including an aging U.S. housing stock and a growing homeowner preference for professional maintenance and repair, with projections showing the professional home improvement contractor market potentially reaching $228 billion by 2028.

For Carey's, this partnership provides access to capital that can be used to invest in new equipment, technology, and employee training, enhancing their competitive edge in a growing Wisconsin market. For On Track Partners, it's another crucial piece in its puzzle to build a dominant, nationwide service brand. The deal ensures that while the ownership structure has changed, the familiar Carey's trucks and trusted technicians will remain a staple of the southern Wisconsin community, now backed by the resources of a national powerhouse.