We buy founder-owned B2B service businesses in the Northeast with repeating revenue and almost nothing on the balance sheet.Revenue repeats for one of two reasons: the purchase is compelled a regulator, insurer, lender, or OEM requires it or it's latent, an installed base needing service nobody has…
We buy founder-owned B2B service businesses in the Northeast with repeating revenue and almost nothing on the balance sheet.
Revenue repeats for one of two reasons: the purchase is compelled a regulator, insurer, lender, or OEM requires it or it's latent, an installed base needing service nobody has put a contract behind.
Examples of a yes: 3P equipment testing and certification. Calibration services. Industrial hygiene and environmental compliance testing. Independent service organizations maintaining someone else's installed base.
Asset-light means numbers: maintenance capex under 4% of revenue, FCF above 75% of EBITDA.
Not for us: project construction, discretionary demand, customer concentration over 25%, capital intensity.
Price: we underwrite to market comps for the size band and share an indicative range on the first call. We don't chase, and we don't lowball to open a conversation.
Structure: we buy the business outright. Owner could stay 12–24 months on a paid consulting agreement as we want the relationships and the judgment, not a fast exit for sellers. We keep the name, crew, and licenses. Seller financing welcome.
First platform in a multi-acquisition program. IOI or clear pass within 10 business days of a complete CIM.
