Investment Thesis
We buy businesses that keep things running.
HVAC, mechanical, plumbing, and industrial maintenance. Essential services with recurring customer relationships. Owner-operators ready for what comes next.
Target Sectors
Industrial services that never stop being needed.
Target Criteria
What we look for in a business.
Not every business fits our criteria. If yours does — or comes close — we want to hear from you.
EBITDA Between $300K and $1M
EBITDA between $300,000 and $1,000,000
Revenue Between $2M and $12M
Revenue between $2M and $12M annually
5+ Years in Operation
5+ years in operation with consistent performance
Recurring Service Revenue
Essential, recurring service relationships with customers
HVAC, Mechanical, or Industrial Services
HVAC, mechanical, plumbing, or industrial maintenance
Owner Ready for Transition
Owner approaching a transition — retirement, succession, or change
Deal Structure
How we structure acquisitions.
Bank Financing (SBA 7(a))
We primarily use SBA 7(a) financing, which allows us to acquire businesses with favorable terms. SBA lenders are familiar with service businesses and typically finance up to 90% of the purchase price.
Seller Financing
A seller note — typically 10–20% of the purchase price, paid over 3–7 years — aligns our interests, demonstrates the seller's confidence in the business, and often makes SBA lenders more comfortable. It can also increase your total payout.
Valuation
We value businesses at 3–5x adjusted EBITDA. Strong recurring revenue, a tenured workforce, and diversified customers command the top end. We are transparent about our math and explain our reasoning.
Confidentiality
We sign an NDA before reviewing any financial information. We do not contact your employees, customers, or suppliers without your explicit approval at each stage of due diligence.
How It Works
A clear, respectful process from first call to close.
Initial Conversation
30 minutesA 30-minute call to understand your business and your goals. No paperwork, no commitment. Everything discussed is strictly confidential.
Financial Review
1–2 weeksWe review three years of P&L statements and tax returns to understand the business's financial history and calculate adjusted EBITDA.
Letter of Intent
Days after financial reviewIf there is a fit, we present a Letter of Intent with our proposed purchase price, structure, and terms. We move decisively — no drawn-out negotiation.
Due Diligence
45–60 daysA thorough but professional review of the business — financials, operations, contracts, employees, and assets. Conducted with minimal disruption to your day-to-day operations.
Close
30–45 days after due diligenceWe use a combination of bank financing (typically SBA 7(a)) and seller financing to close the transaction. Seller financing aligns our interests and often enables a higher total purchase price.
Does your business fit?
One call is all it takes to find out. No paperwork. Strictly confidential.
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