Investment structures
What we focus on
Partnership and growth mindset
We partner with management teams in acquisitions and growth investments and our level of engagement is the same across investment types. We are growth focused (actually obsessed), not financial engineers. We seek to form true partnerships with every management team and want to work alongside teams to execute value creation strategies and to build sustainable, defensible market leadership positions.
Tailored to unique dynamics
- Full acquisitions
- Majority or minority recaps
- Carve-outs
- Growth equity
Investment focus
Acquisitions
Profitable businesses
- Predictable cash flows
- Strong customer retention
- Low customer concentration
- Minimal single vendor/supplier reliance
Specialized industries
- Economically resilient
- Macro tailwinds
- Significant barriers to entry
- Leverage our operational/investment experience
value chains
Things we target
Specialized manufacturing
- Components and tooling
- Highly engineered products
- Niche products and sub-assemblies
Commercial/Government services
- Maintenance, Repair, and Overhaul
- Technology Services
- Training, certification, and education
Distribution and specialty resellers
- 3rd party logistics, warehousing and fulfillment
- Spare and aftermarket parts
value chains
Things we target
Component manufacturing
- Electronics and RF sub-components
- Wiring and cable harnesses
- Tower construction equipment
- Power management and distribution
Distribution and specialty resellers
- 3rd party logistics, warehousing and fulfillment
- Construction equipment and materials
- Cabling, fasteners, batteries, generators, housings, etc.
Network build
- Engineering and site design
- Wireless installation services
- Fiber trenching and cabling
- Facility and site maintenance
Please contact us with any questions.
Please contact us with any questions.
Acquisitions Metrics
$10M+
Revenue
$2M+
Profitability (EBITDA)
30%+
Gross margin
10%+
Margin (EBITDA)
Transaction metrics
- Size: $10-100m (more with co-investors)
- Conservative use of leverage, 2-3x EBITDA
- Maintain debt availability for add-ons
Alignment
- Management team reinvestment
- Equity participation for key team members
Investment focus
Growth equity
Space
Sustainability, exploration, imaging, infrastructure, electronics, components
Defense tech
Software, AI/ML, ISR, cyber, electronics, services
Autonomous
Ground, aerial, and marine; military, defense and commercial applications
Renewable energy
Energy storage, transmission, monitoring/inspecting, ground services
What we look for
Established businesses with proven product/market fit seeking capital to capture demand, accelerate growth, fulfill production and/or expand capacity.
Growth Equity Metrics
$3M+Revenue
Attractive uniteconomics
Differentiation anddefensible margins
Transaction metrics
- $5-40m equity/structured equity investment
- Target 20%+ ownership
Alignment
- Team aligned with growth strategy execution and target exit – timing, capital, optionality
- Focused deployment of capital
- Multiple exit paths across strategics and sponsors
Working With Us
“ His work ethic is matched only by his intellect and commitment to success, which made him an extremely formidable partner and a wonderful person to work with”
President & CEO (8-year relationship, investor role)