We focus on established, owner-led businesses where there is a clear opportunity to strengthen execution and support continued growth.

Industry Focus

We invest primarily in industrial and business-to-business sectors where execution, reliability, and customer relationships are critical. Our focus includes value-added distribution, light manufacturing, industrial services, and businesses supporting OEM and aftermarket supply chains.

We are particularly drawn to companies that play an important role in their customers’ operations and benefit from repeat demand driven by usage, replacement, or service needs.

Business Characteristics

We look for established businesses with a solid foundation and opportunities to continue strengthening and scaling over time. Characteristics we value include:

• Recurring or repeat revenue driven by consumables, replacement parts, or service.

• Strong customer relationships and a reputation for reliability

• Defensible positioning within a niche or specialized market

• Consistent profitability and healthy cash flow generation

• Opportunities to improve execution, systems, or commercial performance

• A team that takes pride in what they have built and is open to collaboration

Transaction Types

We focus on majority investments, typically partnering with owners who are seeking a transition while maintaining some level of continued involvement. In most cases, we support a modest equity rollover to ensure alignment going forward.
We are flexible in structuring transactions and are comfortable with a range of situations, including:

• Ownership transitions and succession planning
• Recapitalizations
• Management buyouts
• Corporate carve-outs
• Select growth-oriented investments

Size Parameters

We generally target businesses with:

• Revenue between $10 million and $100 million
• EBITDA between $2 million and $10 million
  We remain flexible outside of these ranges where there is a strong strategic fit.
  Geography
  

Geography

Our primary focus is on businesses located in the United States, with a preference for the Southeast and Midwest.

Situations We Are Well Suited For

We are particularly well positioned to support businesses that:

• Are transitioning from founder-led to a more institutionalized organization
• Can benefit from improvements in pricing, sales execution, systems, or supply chain
• Operate in fragmented industries with opportunities for thoughtful expansion through acquisitions

Not a Fit

While we evaluate each opportunity individually, we are generally not focused on:

• Early-stage or venture-backed businesses

• Situations requiring a full turnaround of fundamentally distressed operations

• Pure real estate or asset-driven investment strategies

• Businesses heavily exposed to commodity price volatility without differentiation

• Consumer-focused retail or restaurant concepts

For Entrepreneurs and Management Team

We are open to working with operators and managers who are closely involved in a business and see an opportunity to take ownership.

If you understand how the business operates and have a clear vision for its future, but need support navigating the acquisition process, we welcome the opportunity to connect.

We focus on situations where there is alignment with current ownership and a shared interest in a thoughtful and well-structured transition.