Paul Rogers

Paul D. Rogers is a Managing Director and principal at RHV Capital, LLC, a Bloomfield Hills, Michigan–based private investment firm founded in 2008 that makes equity investments in lower-middle-market operating companies. According to the firm, Rogers joined RHV in 2008. Before that, he spent roughly two decades as an entrepreneur, operating-company manager, and investor — serving as a principal in several operating companies, participating in subordinated-debt and equity investments, and providing management turnaround and consulting services to private equity firms.

Rogers has an unusually technical and decorated academic background for a private-equity principal. He earned a PhD in Applied Physics from the New Jersey Institute of Technology (NJIT); an MBA with High Distinction from Harvard Business School, where he was named a Baker Scholar and a Knox Fellow; and a Bachelor of Science in Mathematics and Physics from the Royal Military College of Canada, where he won the Governor General of Canada's Bronze and Silver Medals for academic excellence.

At RHV, Rogers operates within a deliberately decentralized model. The firm invests in privately held operating businesses and pushes managerial authority down to each company's General Manager, who holds a meaningful equity stake to reinforce an owner-operator mentality focused on long-term profitability rather than short-term financial engineering. RHV has built platforms across three core verticals — fire protection/life-safety, traffic control, and health care — with target companies generally in the $10M–$50M enterprise-value range.

• Invests as a control/operating equity investor in established lower-middle-market companies, not as a seed-stage angel — target businesses have an enterprise value of roughly $10M–$50M.
• Concentrates in three sectors: fire protection / life-safety services, traffic control / roadway safety, and health care — fragmented, essential-service industries suited to buy-and-build consolidation.
• Backs an owner-operator model: the General Manager of each portfolio company holds significant equity and runs the business with substantial autonomy, aligning incentives around long-term cash flow.
• Favors a decentralized, long-hold approach — each acquired company operates independently, with RHV providing capital, oversight, and platform-building support rather than day-to-day central control.