We acquire strong businesses with committed management teams and provide them with the capital and collaborative partnership needed to develop into lower middle market industry leaders.

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To capture these opportunities, we use a focused investment approach:

Thesis Driven

Growth Focused

Collaborative Partners

Proven Approach

Human Capital 

We develop an in-depth thesis for delivering significant risk-adjusted returns, before launching any new strategy. Key elements include:

• Identify under-appreciated sources of value

• Develop differentiated sourcing strategy

• Clear path to accelerate growth and increase profitability

We identify high-growth opportunities, where strong organizations are well-positioned to take advantage of favorable market fundamentals. We look for:

• Sustainable industry tailwinds with multiple avenues for growth 

• Favorable market dynamics: high fragmentation, capacity to differentiate service and advantages to specialization

• Defensible market position and strong competitive advantages

We partner with proven management teams that are dedicated to building market-leading, high-performance organizations: 

• Our ambitious management teams keep "skins in the game"

• Our Operations Team collaborates to help management accelerate and realize their ambitions

• Our Finance and Deal teams enable continued expansion

We apply a proven approach to value creation:

• Salesforce structuring and support to drive organic growth

• Fiscal policy and reporting to enable effective financial management 

• Differentiated integration strategy to accelerate value creation

• Develop and strengthen backbone (finance, marketing, IT) to facilitate growth

We put people first, with a focus on attracting, enabling and retaining top talent:

• Empower management and employees with a voice and clear path for development

• Focus on training and career advancement

• Win the war for talent

Investment criteria

Company size

• Enterprise Value: $1M to $50M

• EBITDA: $0.5M to $10M

Transaction structure

• Control investments

• Sellers roll a portion of purchase price into equity in the go-forward entity

Market

• Professional, Business and Healthcare Services industries

• North America focus

Business model

• Defensible market position and sustainable competitive advantages

• Multiple avenues for growth

• Stable, recurring cash flows

• High capital conversion

• Favorable industry dynamics

Management team

• Management team with a proven track record

• Willingness to invest behind strategy