Current as of September 2026
Investment criteria
We source founder- and family-owned businesses in the United States and Canada on behalf of private capital. Revenue figures are typical, not minimums. A strong company below a stated figure is still reviewed, at the level shown as considered.
Add-on acquisitions
Add-on acquisitions
Residential HVAC, plumbing and electrical
Residential service contractors. Southeastern United States.
- Revenue, typical
- $4 million+
- Considered
- $3 million+
Commercial HVAC
Maintenance, repair and installation. Southern United States.
- Revenue, typical
- $5 million+
- Considered
- $3.5 million+
Residential garage doors
Replacement, maintenance and service. Not new construction.
- Revenue, typical
- $4 million+
- Considered
- $3.5 million+
Residential roofing
Full and partial re-roofs, repairs, gutters and insulation.
- Revenue, typical
- $5 million+
- Considered
- $3.5 million+
Commercial door and loading dock service
Service and repair of commercial doors, loading docks and related equipment.
- Revenue, typical
- $5 million+
- Considered
- $3.5 million+
Auto collision repair
Independent collision repair centers, single or multi-location.
- Revenue, typical
- $5 million+
- Considered
- $3.5 million+
Pet daycare and boarding
Daycare and boarding required; grooming and training welcome in addition.
- Revenue, typical
- $1 million+
- Considered
- $700,000+
Gymnastics training
Owner-operated facilities with recreational and competitive programs.
- Revenue, typical
- $5 million+
- Considered
- $3.5 million+
Portable sanitation rentals
Portable restroom and sanitation rental operators.
- Revenue, typical
- $1 million+
- Considered
- $700,000+
Valet waste
Doorstep trash and recycling service for multifamily communities.
- Revenue, typical
- $4 million+
- Considered
- $3 million+
Specialty food manufacturing
Family producers with their own production, selling into grocery, foodservice and private label.
- Revenue, typical
- $10 million+
- Considered
- $6 million+
Premium juice and beverage manufacturing
Craft juice and premium beverage producers with their own production and retail, foodservice or private-label distribution.
- Revenue, typical
- $20 million+
- Considered
- $12 million+
Premium event rentals
Tents, furnishings and event equipment. Florida, California, Arizona, Washington, Oregon and Colorado.
- Revenue, typical
- $10 million+
- Considered
- $6 million+
Enterprise software development
Development firms serving enterprise clients.
- Revenue, typical
- $20 million+
- Considered
- $12 million+
Team-sports retail and distribution
Local and regional dealers in equipment and team apparel. United States and Canada.
- Revenue, typical
- $5 million+
- Considered
- $3.5 million+
Transaction terms
Terms offered to founders on add-on acquisitions
Close at the letter-of-intent price
No retrading
All cash at close
No earnouts, no deferred payments
No financing contingency
Transactions can close all-equity
Rollover at the founder’s option
Never required
No escrow or indemnification holdback
Sellers are protected with R&W insurance
Management remains in place
The investor does not operate the business
Platform investments
Platform investments
- Revenue
- $10–$250 millionFrom $8 million considered in fragmented industries
- EBITDA
- $3–$20 million+From $1 million considered in fragmented industries
- Transaction size
- $20–$300 million
- Ownership
- Control or minority
- Geography
- United States and Canada
- Company profile
- Founder- and family-owned
Sectors
- Consumer products and retail
- Healthcare
- Business services
- Residential services
- Niche manufacturing
- Value-added distribution
- Technology and software
Attributes
- Growing and profitable
- Strong management
- Leading position in its market
- Sustainable competitive advantage
Long-term capital
Long-term capital
B2B, tech-enabled services and niche industrials
- EBITDA
- $2–$7 millionFrom $1.2 million considered
- Geography
- United States
- Hold period
- 10 years and longer
- Capital
- Equity, with operating support
Attributes
- Established and growing
- Consistent profitability
- Services sold to businesses, or a defensible manufacturing niche
Tax and accounting practices
- EBITDA
- $500,000–$5 million
- Revenue
- $1–$20 millionFrom $900,000 considered
- Geography
- United States
- Firm types
- CPA, general accounting, tax strategy, independent tax practices
Attributes
- Tax preparation, planning, bookkeeping or payroll
- Cost segregation, R&D credits, 1031, SALT or advisory work
- Client retention above 90%
- Three years of profitability
- Succession on the horizon
Refer a business
Refer a business
For buyers
Have criteria of your own?
Thirty minutes with the managing partner on the markets we would work and what the first conversations look like.
