September 16, 2020
Gauge Capital Announces Appointment of Stephen Fraser as an Operating Partner

Southlake, TX – Gauge Capital (“Gauge” or “the Firm”), a leading growth-oriented lower middle market private equity firm, announces the appointment of Stephen Fraser as an Operating Partner effective immediately. Mr. Fraser will advise on Gauge’s current portfolio companies and new potential opportunities within the logistics, transportation, and environmental services sectors.

Mr. Fraser is a veteran in the logistics, transportation, and environmental services industries with over 35 years of experience. He currently is a Director of TVC Pro-Driver, a Gauge Capital portfolio company. Before Gauge, Mr. Fraser led the turnaround as interim CEO of publicly traded Horizon Lines. Previously, he led a revitalization of GENCO’s reverse logistics business and led several private equity-backed platforms in the logistics and transportation space. Prior to his tenure in private equity, Mr. Fraser built a third-party bulk logistics business for GATX Corporation, having previously sold his environmental transportation business to GATX Capital.

“We are delighted to have Stephen join the Gauge team,” said Tom McKelvey, Co-Founder and Managing Partner at Gauge.  “Stephen brings deep industry knowledge in the transportation and logistics space and has been an invaluable addition to the Board of TVC Pro-Driver. We look forward to using his knowledge to benefit our current and future portfolio companies.”

“I am very excited to be joining Gauge Capital and working with their outstanding team.  I look forward to continuing to support their efforts and help them drive value creation within their current and future portfolio,” said Mr. Fraser.


Gauge Capital is a private equity firm that partners with founders, managers and equity stakeholders of successful middle market companies to maximize their potential. Gauge invests in rapidly growing services and technology-enabled companies in the healthcare services, business services, industrial, consumer and food sectors. For more information, please contact Andrew Peix, Managing Director of Business Development at