Investment Criteria
We look for businesses with strong fundamentals, durable customer relationships, and founders who know their markets deeply. Our commitment is to provide the capital, operational stability, and long-term focus required to build sustainable value.
This page defines our core investment parameters, our methodology for evaluating strategic alignment, and the path to a potential partnership.
At a Glance
What we look for in a platform investment.
We target established platforms generating $4M+ in EBITDA. We maintain flexibility for smaller opportunities where fundamentals and leadership demonstrate exceptional alignment.
We focus on buyouts and majority transitions, structuring each transaction to meet the specific liquidity and legacy objectives of the founder.
Strategic bolt-on acquisitions are evaluated regardless of size. Our focus is on the ability of the add-on to strengthen the core platform's competitive position.
Headquartered in the U.S. with a focus on East Coast markets. Proximity allows us to be engaged, on-the-ground partners in the Mid-Atlantic, Northeast, and Southeast.
We underwrite to long-term outcomes rather than arbitrary timelines. Our typical hold reflects the time needed to build a durable, scaled enterprise.
Rollover equity, earnouts, seller financing, and transition arrangements designed around your timeline and goals.
Our Focus Areas
We focus on a defined set of industries where we've built relationships and pattern recognition over time. Depth in these areas helps us assess opportunities faster and partner more effectively.
Scroll to explore our sectors.
Our Focus Areas
We focus on a defined set of industries where we've built relationships and pattern recognition over time. Depth in these areas helps us assess opportunities faster and partner more effectively.
Field & Industrial Services
01Recurring service relationships with customers who value consistency over cost. Route efficiency that improves with density. Skilled crews built through training and retention.
Security Systems · Home Audio · Outdoor Lighting · Landscaping · Irrigation
HVAC · Plumbing · Electrical · Refrigeration · Generator Service
Fire Protection · Elevator Service · Pest Control · Roofing Maintenance
Professional Services
02Long-term client relationships with consistent demand. Advisory and compliance work with built-in renewal cycles. Specialized knowledge and trusted delivery.
Accounting · Audit · Payroll · PEOs · Tax Advisory
Legal Services · Insurance Agencies · Compliance Consulting
Marketing Agencies · Digital Services · Engineering Services · IT Consulting
Healthcare & Life Sciences
03Telehealth, specialty pharmacy, and contract manufacturing. Businesses with regulatory barriers and consistent patient demand. Preference for models where reimbursement risk is manageable.
Telehealth Platforms · Virtual Care Providers · Remote Patient Monitoring · Digital Health
CDMOs · Specialty Pharmacy · Compounding Pharmacy · Contract Research
Device Manufacturing · Medical Components · Diagnostic Equipment · Healthcare IT
Specialty Manufacturing & Packaging
04Custom specifications and tight tolerances. Packaging built around specific product needs. Quality systems and certifications in place. Repeat orders from established customers.
Precision Machining · Plastics · Injection Molding · Electronic Components
Custom Corrugated · Flexible Packaging · Labels · POP Displays
Contract Packaging · Assembly · Kitting · Fulfillment
Tech-Enabled Services
05Software and IT services embedded in customer operations. Recurring revenue through contracts and subscriptions. Retention built into daily workflows.
MSPs · IT Support · Help Desk · Cybersecurity · Network Management
Cloud Migration · Hosting · Backup & Recovery · Data Centers
Custom Development · Systems Integration · Implementation · Vertical Software
Specialty Distribution
06Vertical-specific product expertise. Established supplier relationships. Repeat orders with value-add services built in.
Specialty Foods · Private Label Foods · Beverage Distribution
Medical Supplies · Dental Supplies · Lab Equipment · Veterinary
Building Products · HVAC Equipment · MRO Supplies · Safety Equipment
The Businesses We Back
$4M+ EBITDA
Majority Preferred
U.S. Headquartered
5-7 Year Hold
Patterns We Recognize
The businesses we back share common characteristics. Not all will be present in every situation, but these are the patterns we look for.
Market Demand
Durable demand and high customer retention. Performance is anchored in predictable, long-standing relationships where customers return consistently without excessive re-acquisition costs.
Business Quality
Structural integrity and resilient unit economics. Strength is defined by healthy margins, clear financial visibility, and the pricing power required to maintain stability throughout varying market cycles.
People
Deep market expertise and shared institutional knowledge. Great companies are led by teams who know their industries intimately and have institutionalized that knowledge across the organization.
Operational
Foundations primed for scalable growth. Scalability requires a robust operational infrastructure that is ready to support enhanced systems and the next stage of expansion.
Leadership
Alignment on the next chapter. The most successful partnerships involve founders and management teams navigating their first major transition with a clear, shared direction.
Outside Our Focus
Not every business is a fit for a platform investment. For earlier-stage companies or situations that need a different structure, we offer other ways to partner.
Turnarounds
Startups
Commodity Exposure
Customer Concentration
Capital-Intensive
Building the Next Chapter Together
We partner with founders who are ready to transition their business into a durable, scaled enterprise. Let's discuss how we can preserve your legacy while driving long-term value.