We invest where compounding is uninterrupted.
Our capital flows toward businesses that can be owned for decades — and toward the operators with the temperament to run them that long.
Acquisition criteria
We focus on the lower middle market — businesses too small for institutional buyers and too important to sell to a stranger.
- Revenue
- $2M – $25M
- EBITDA margin
- 15% or better
- History
- 5+ years profitable
- Geography
- United States
- Structure
- Majority or 100%
- Owner role
- Transition welcomed
Where we look
- Specialty manufacturing
- B2B services with recurring revenue
- Vertical software
- Niche distribution
- Trades and home services
- Brand-led consumer goods
What we don’t do
We do not pursue turnarounds, distressed assets, or businesses requiring heroic intervention.
We do not use auction processes. Every transaction is a direct, private negotiation.
We do not strip companies. Layoffs, asset sales, and financial engineering are not our toolkit.