Investment Criteria & Strategy
Buyer’s strategy is to employ a thematic investment approach, seeking to leverage their experience investing in the lower middle-market, their industry expertise and expansive network of operating executives and industry experts.
Buyer seeks to partner with founders and management teams of lower middle-market companies that meet most of the following characteristics:
- Industry: healthcare and business services
- Geography: North America
- Ownership: founder- or family-owned; first round of institutional capital
- Financial Characteristics: $1 million – $10 million of EBITDA; three years of stable or growing financial performance
Selected Focus Sectors
Buyer targets large, fragmented sectors that are ripe for a buy-and-build growth strategy.
The industries below represent selected target sectors that are of interest to the Buyer. Buyer is open to evaluating any deal in healthcare or business services outside of these sectors on an opportunistic basis.
Healthcare Services
- Behavioral and mental healthcare (e.g., addiction treatment, psych services, etc.)
- Developmental support services (e.g., autism treatment, IDD, etc.)
- Healthcare staffing
- Home and alternate site infusion
- In-home care (personal care, skilled HH, hospice)
- Multi-site providers (e.g., med spa, vet, urgent care, PT, dental, etc.)
- Outsourced payor services (e.g., cost containment, benefit management)
- Pediatric services (therapy, mental/behavioral care, etc.)
- Post-acute services
- Revenue cycle management
Business Services
- Education services
- Financial services
- Governance, risk, and compliance
- Human capital services
- Insurance services
- IT services
- Need-based repair services (e.g., HVAC, foundation repair, roofing, pest control, restoration, elevator, etc.)
- Testing, inspection and certification
