We acquire established lower middle market businesses — $1M–$15M in EBITDA — and partner with exceptional operators and searchers to lead them.
We invest in companies with proven models, loyal customers, and strong reputations, typically founder or family-owned businesses that are ready for their next chapter of growth and leadership.
We raise capital deal-by-deal and invest our own alongside it, with conservative structures that protect the downside and tie every party to the same outcome. We are never under pressure to deploy.
We professionalize operations, pursue strategic growth, and build the institutional infrastructure that positions a business for long-term success. Our involvement goes well beyond the boardroom.
Every acquisition is led by an exceptional operator with meaningful equity and full alignment. Sometimes that operator comes from our bench — sometimes it is an entrepreneur we back into ownership.
We pair the business with an experienced executive whose industry background fits its needs, deployed post-close to work alongside management and lead growth and value creation.
How Operating Partners WorkWe back self-funded searchers — professionals who fund their own search to find and run a business. They join our deal team through diligence, we provide the capital to close, and they step in as a committed, full-time owner-operator with institutional backing.
For Searchers & OperatorsFounder or family-owned businesses facing succession, seeking a partner who will preserve what they've built.
Companies with room to professionalize systems, strengthen leadership, or improve margins through disciplined execution.
Businesses positioned for expansion, whether through add-on acquisitions, new markets, or scaling existing capabilities.
We focus on essential, non-cyclical industries where operational expertise and strategic guidance create enduring value.
Meet Our Operating Partners