Investment structures

What we focus on


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Growth equity

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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


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.

Get In Touch

Please contact us with any questions.

Get In Touch
Acquisitions Metrics




Profitability (EBITDA)


Gross margin


Margin (EBITDA)

Transaction metrics

  • Size: $10-100m (more with co-investors)
  • Conservative use of leverage, 2-3x EBITDA
  • Maintain debt availability for add-ons


  • Management team reinvestment
  • Equity participation for key team members

Investment focus

Growth equity


Sustainability, exploration, imaging, infrastructure, electronics, components

Defense tech

Software, AI/ML, ISR, cyber, electronics, services


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.

Let's Connect
Growth Equity Metrics


Attractive uniteconomics

Differentiation anddefensible margins

Transaction metrics

  • $5-40m equity/structured equity investment
  • Target 20%+ ownership


  • 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)