Founded
2018
Check size
$3M – $15M
AUM
$50M – $100M
Fund size
—
About
Dry Fly Capital is a Littleton, Colorado lower-middle-market private equity firm formed in 2018 when Doug Robinson (co-founder of St. Charles Capital) joined the Ogdon family's prior investment vehicle. The firm partners with owner-operators of companies generating $5–50M in revenue across distribution, manufacturing, wholesale, and services, applying digital marketing, business development, and operational technology to drive growth. Recent platform investments include the April 2024 acquisition of promotional-products provider PSA Worldwide and the July 2025 majority recapitalization of Serpentix Conveyor — its first wastewater-infrastructure platform.
Stages
Growth equityLate stage
Sectors
IndustrialConsumerEnterprise Software
Notable portfolio
PSA WorldwideSerpentix ConveyorMytee ProductsSquare Scrub