We focus exclusively on providing patient, first institutional capital to growing middle-market companies. We invest across three sectors where we have significant experience, leveraging our strategic, operational and financial capabilities to help talented owners and managers take their business to the next level.

Transaction criteria

COMPANY CHARACTERISTICS

  • Proven, experienced leadership
  • History of profitable growth and identified future opportunities
  • Recurring and/or reoccurring revenue and high, sustainable margins
  • Sustainable competitive advantages and high barriers to entry
  • Strong secular and demographic tailwinds
  • Industry fragmentation with potential for accretive and strategic add-on acquisitions

TRANSACTION TYPES

  • Owner-driven recapitalizations
  • Management buyouts
  • Add-on acquisitions
  • Corporate carve-outs

Focus Industries

We have significant experience investing in businesses across a range of B2B services and products industries over more than two decades, with particular interest in the following sectors and key subsectors:

HEALTHCARE

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  • Revenue Cycle Management
  • Pharma Services
  • Facility and Equipment Services
  • Benefits Management
  • Medical & Dental Products
  • Contract Manufacturing

COMMERCIAL & INDUSTRIAL SOLUTIONS

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  • Inspection, Maintenance & Repair
  • Testing & Measurement
  • Food Safety
  • Specialty Distribution
  • Infrastructure & Utility
  • Niche Manufacturing

BUSINESS SERVICES

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  • Regulatory & Compliance Services
  • Data & Analytics
  • Training & Education
  • Government & Municipal Services
  • Route-based Services
  • Technical Consulting