How We Invest

Simple terms. Real partnership. Skin in the game.

What We Back

We invest in self-funded ETA searchers — operators who find and acquire a small business, personally guarantee the SBA debt, and run the company as CEO post-close. We respect that level of conviction, and we match it with ours.

We also selectively invest in traditional search funds and independent sponsors for deals with similar characteristics.

What We Look For in a Business

$500K–$3M EBITDA

3–6x acquisition multiple

Recurring or re-occurring revenue

Low customer concentration (no single client >20% of revenue)

Low cyclicality — recession-resistant, non-discretionary

Low capital expenditure requirements

5+ years operating history

B2B preferred over B2C

Located in USA, Canada, or select international markets

What We Look For in a Searcher

We back operators, not just résumés. We want to see:

  • Real industry or functional experience relevant to the target

  • Personal financial commitment — skin in the game

  • Character, coachability, and tenacity

  • Someone we'd want to work with for the next decade

We are particularly excited to back searchers from non-traditional backgrounds and international markets who bring operator instincts and genuine grit.

Our Check Size & Terms

Check Size

$25K – $150K (sweet spot $50K)

Preferred Return

10% annually

Step-Up

2x – 3x (market standard)

Waterfall

European, LP-friendly structure

We co-invest our own capital alongside our LPs.

Our Investment Process

01

Screen

Submit your deal. We review within 5 business days.

02

Analyze

NDA signed. We model the deal under conservative scenarios and check for red flags.

03

Meet

If it works on paper, we meet virtually, then ideally in person.

04

Deep Dive

Full diligence on searcher background and business fundamentals.

05

Support & Grow

Post-close advisory, hiring support, technology tools, and network access.

What We Are Not

We are not passive capital. We will ask hard questions, push back on pricing we think is wrong, and tell you when we think a deal is a mistake. That is how we protect you — and us.

Ready to Submit Your Deal?

We review every submission within 5 business days. No ghosting.

Submit Your Deal for Review