Investment Focus

Companies That Matter

Companies That Matter

Clear value-proposition to customers, evident in the longevity of the platform (10+ year), the margin profile (meaningfully above industry standard), or both

Strong ties to customers, vendors and local communities

Employees who take pride in working for the company and view it as more than just a “job”

Exceptional Deal Terms

Exceptional Deal Terms

We are always looking for “Unfair Fights” where we can get an asymmetric return profile

Capital base alongside long-term and operator centric focus allow us to do deals that others can’t

Size and type of private investments allow for an asymmetric return profile

Relationships, which were cultivated over the years, allow us to secure more favorable deal terms

Experienced Tier 1 CEOs

Experienced Tier 1 CEOs

Frequently have a “chip on the shoulder”, eager to demonstrate their capability with a CEO title and institutional backing

Experienced professionals with deep industry expertise and experience operating companies of similar size and scale

Demonstrable and referenceable track record of achieving best-in-class results

Potential To Get $10mm+ Ebitda

Potential To Get $10mm+ EBITDA

High confidence that the EBITDA target can be achieved in 5-7 years or less

Large underpenetrated markets that are highly fragmented

Ability to grow organically or through acquisitions

“Low hanging fruit” to improve operations from day 1

Types of Partnership

Growth Partnership

We sponsor tier 1 operators to replicate their prior track record of value creation.

THESIS DRIVER

Operator quality

PROFILE

Stage, size, and industry agnostic, sponsoring the operator to expand their existing operation, acquire a platform, or launch a new enterprise

KEY INVESTMENT FACTORS

  • Tier 1 operating partner with an exceptional track record of value creation
  • Highly favorable risk-adjusted deal structure
  • Opportunity for a platform to reach $10+ million of EBITDA within 5-7 years

DEAL TERMS

  • Majority or minority positions with at least 25% equity ownership
  • Preferred to have a controlling interest
  • Check Size: $0.5-5mm

Legacy Buyout

We invest in quality platforms with meaningful staying power and growth potential.

THESIS DRIVER

Platform Quality

PROFILE

Industry agnostic strategy acquiring high quality platforms with demonstrable staying power in their segment

KEY INVESTMENT FACTORS

  • Robust business model delivering outsized value to customers as evidenced by margins, longevity, or both
  • Quality leadership available at the company or placed by us on day 1

DEAL TERMS

  • Check Size: $2-10mm w/ ability for additional investment
  • Minimum equity sold: 70%
  • Minimum EBITDA: $2M
  • Indefinite hold period