We grew up in healthcare and have an exceptional understanding of the healthcare investment environment as well as an excellent network of contacts. Though our background leans into healthcare, we will consider non-healthcare opportunities under the right circumstances.
We invest in service businesses that enable compliance across regulated industries—where adherence to standards is not just a cost of doing business, but a recurring, high-stakes operational requirement. We focus on niches with recurring or mandated demand, fragmented vendor bases, strong cash flow characteristics, low cyclicality, and clear regulatory anchors and workflow complexity.
We define quality through a combination of industry and firm-level attributes.
We are keen on industrial organization and are focused on niches with limited exposure to economic cycles, reasonably high barriers to entry and large, growing addressable markets supported by secular tailwinds. At the firm level, we are interested in sizable U.S. and Canadian companies with a long operating history, asset-light profile, an established book of business, high cash flow conversion and demonstrated managerial competence. We target minimum $2 million EBITDA for platform assets and have no floor for add-on situations.
Please do not hesitate to contact us to discuss potential fit and we will be happy to review.