Investment Criteria
We seek to unlock growth potential through thoughtful business plan development. While certain investments feature opportunistic add-on acquisitions, the foundation of every platform investment is an inspiring organic growth plan.
Company Size
▪ $1 to $5 million of EBITDA
▪ Greater than 10% EBITDA Margin
Business Characteristics
▪ Founder-owned
▪ Strong business reputation
▪ Non-discretionary product/service
Geography
▪ United States & Canada
Transaction Types
▪ Leveraged buyouts
▪ Recapitalizations
▪ Family-held business succession
example business services sub-verticals
We always remain flexible and are not tied to any industry niche or bespoke thesis. The right opportunity is our focus and is more important that fitting any industry classification. The two sub-verticals we highlight below are representative markets that align with our investment criteria.
Fire & Life Safety (FLS)
Protecting People. Preserving Property.
Fire & Life Safety is an essential industry that provides installation, testing, and maintenance of fire alarms, sprinklers, suppression systems, and extinguishers. These services ensure regulatory code compliance for both commercial and residential properties and businesses, which represents non-discretionary client demand. In parallel, providers are safeguarding business and building inhabitants.
Thesis: FLS is a high cost of failure industry that will continue to benefit from increasingly stringent regulations and expanding requirements to repair / replace existing infrastructure.
Testing, Inspection, Certification & Compliance (TICC)
Ensuring Quality. Protecting Standards.
TICC providers are dedicated to ensuring safety, regulatory compliance, and operational excellence for their clients. The sector is characterized by consistent, non-discretionary demand driven by the critical nature of its end markets and the high cost of failure.
Thesis: TICC will continue to benefit from outsourcing to third-party integrators given the difficulty of completing the work in-house and accelerating technical and regulatory complexity across customer end-markets.
Our approach
We only invest in businesses that spur enthusiasm for our partners. We only acquire companies that are excited by the future and aligned with our vision for driving transformational growth.
Clear, Direct Underwriting
We start with an introductory discussion to gain a clear understanding of your unique story and objectives. Our small team allows for straightforward communication between our partners and your team.
Structured Partnerships
We believe in aligned incentives—the leadership at our portfolio companies will always succeed when we succeed.
Thoughtful Diligence
If we believe there is a fit, we move quickly but thoughtfully to understand your business with respect for your time and team.
Accelerated Growth Outlook
Post-close, we work together to develop a business plan to unlock future growth, whether organically or through strategic acquisitions.