Top Business Services Search Funds with Recent Private M&A Activity

1,845

Active Firms

25,594

TTM Deal Inquiries

$3M-$12M

Core Revenue Range

$500K-$2M

Core EBITDA Range

Top States by Activity

Florida 13%

California 12%

Texas 9%

New York 8%

New Jersey 5%

Key Attributes

Focus: Acquiring One Business | Capital Source: Investor-Backed or Self-Funded | Operating Approach: Stewardship & Growth

New Frontier Enterprises

Actively Sourcing Deals

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New Frontier Enterprises is a traditional search fund that targets to acquire one business with strong fundamentals in need of an exit solution. We will give the seller a quick and hassle-free exit while preserving the seller's legacy.

Recent Transactions

This member has no reported closed transactions.

Soleil Consulting

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Acquire profitable, founder-owned B2B service businesses in regulated industries whose core value lies in processing, interpreting, and managing high volumes of complex documents and structured workflows. Transform these businesses through a shared AI platform that automates repetitive knowledge work, improves accuracy and compliance, captures proprietary operational data, and converts labor-intensive services into scalable, technology-enabled platforms.

Recent Transactions

This member has no reported closed transactions.

Jason Styles

Actively Sourcing Deals

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My investment criteria focus on overlooked, fragmented service businesses that are essential, recurring, and operationally complex. I look for mission-critical B2B services where downtime isn’t an option—think industrial maintenance, traffic control, or specialized logistics. I’m also drawn to compliance and regulation driven niches like testing, inspection, legal support, or healthcare back-office services, where demand is sticky and recurring by necessity. Many of these businesses are low-tech and process-heavy, making them ripe for modernization through better systems, automation, or…

Recent Transactions

This member has no reported closed transactions.

Morgan Ericksen

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Morgan has over 15 years of experience in the manufacturing and distribution industry with public and private companies; and a background in mechanical engineering. She has post-acquisition experience, scaling operations and revenue through sales expansion. Morgan is partnered with Novastone Capital Advisors, a Swiss firm that works with qualified investors and best-in-class entrepreneurs to acquire and grow privately held companies. NCA has closed 22 acquisitions and deployed over $400M since 2021.

Recent Transactions

This member has no reported closed transactions.

Emmanuel Fadahunsi

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Operator-investor with utilities/infrastructure background. Led ops improvements in power assets and advised on $5B+ of M&A financings. Seeking utilities/infrastructure services businesses ($2–10MM EBITDA): recurring revenue, strong margins, diversified customers. Looking to build relationships with committed sellers.

Recent Transactions

This member has no reported closed transactions.

Hudson Street Ventures

Actively Sourcing Deals

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Hudson Street was founded by an entrepreneur like you. Our mission is to help small business owners by providing liquidity and the next generation of leadership. We bring (1) the capital to buy your business, (2) the expertise to efficiently close the deal, and (3) will gladly relocate to run your business full-time.

Recent Transactions

This member has no reported closed transactions.

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Tamarack Industries

Actively Sourcing Deals

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After a career focused on sales/marketing through to and including CEO roles in industries ranging from footwear to industrial distribution and most recently, 10 years in the home services space, Brian McCann is seeking a smaller $500k - $2m EBITDA acquisition in San Diego or Orange County.Brian is an experienced acquirer and integrator of businesses with 6 acquisitions under his belt prior to selling his prior company with a 9-figure PE exit (where he remains on the board today).In his current search, Brian is prioritizing location over industry. While his industry experience is broad,…

Recent Transactions

This member has no reported closed transactions.

Liri Capital, LLC

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Liri Capital was founded to provide fair, flexible, and stable succession opportunities to small business owners looking to bring new energy into their business. For business owners looking to begin the next stage, Liri Capital offers a unique transition opportunity that is focused on the future, but grounded in history.

Recent Transactions

This member has no reported closed transactions.

Old Brookewood Capital

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Old Brookewood Capital is a search fund dedicated to acquiring and operating a single established business within the lower middle market. With a strategic focus on mature companies, Old Brookewood Capital aims to leverage its expertise to manage and grow the acquired business effectively. The firm operates with a lean team, typical of search funds, ensuring focused and efficient decision-making processes. Based in Richmond, Virginia, Old Brookewood Capital is positioned to identify and capitalize on unique opportunities within its targeted market segment.

Recent Transactions

This member has no reported closed transactions.

Dsquare ventures

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Seasoned engineer and leader with over a decade of experience, building high-performing teams and driving organizational success for top fortune 50 companies. Now leveraging my analytical rigor, adaptability, and leadership skills to pursue entrepreneurship and business ownership with a focus on sustainable growth.Looking for manufacturing companies making >$500k SDE in US and Canada with a minimum of 10 employees.

Recent Transactions

This member has no reported closed transactions.

Igwe Capital

Actively Sourcing Deals

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Individual investor looking for cashflowing businesses trading at a discount. Most direct experience in education (city/ state contracts in nyc). Open to all service based (“boring”) businesses and also SaaS/ tech businesses

Recent Transactions

This member has no reported closed transactions.

Viva Partners, LLC

Actively Sourcing Deals

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The mission of Viva Partners is to acquire and operate a business, taking it to new heights. We bring the mindset of long-term business owners. We will honor your legacy while embedding a strong purpose and the right setting for people to thrive. Viva Partners is managed by investment professionals with combined experience of +25 years in consulting, investment banking and private equity. The firm has committed funding from search fund and private equity funds with more than 100 transactions in the lower middle-market.

Recent Transactions

This member has no reported closed transactions.

50th Capital Partners LLC

Actively Sourcing Deals

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We help private businesses and their owners toward the end zone of a lasting legacy.You’re ready to enter a different arena, and want to pass the ball to talented professionals who will prioritize doing right by your team. We love engaging with business owners about the playbook they’ve written, the enterprise they’ve built, and learning how we can contribute to their lasting legacy.

Recent Transactions

This member has no reported closed transactions.

Lynbrook Capital

Actively Sourcing Deals

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Lynbrook Capital is a self-funded search firm dedicated to acquiring and managing a single business through a founder-friendly full buyout. We are focused on preserving the legacy of the business we will acquire while advancing their growth and development. With a long-term, operational approach to ownership, Lynbrook Capital ensures that the companies under its management continue to thrive and maintain their core values.

Recent Transactions

This member has no reported closed transactions.

Williamsburg Holdings

Actively Sourcing Deals

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I've spent more than 17 years in medical device sales and commercial leadership, progressing from quota-carrying sales roles to building and leading national teams, managing multimillion-dollar partnerships with some of the country's largest health systems, and owning P&L responsibility across complex markets. Sales taught me the fundamentals I still rely on every day: how to earn trust, understand what a customer actually needs, and deliver on what you promise. Leadership taught me how to build teams and operations that do those things consistently, at scale.BUY BOX:– Location: Greater…

Recent Transactions

This member has no reported closed transactions.

Blackhawk Court

Actively Sourcing Deals

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Blackhawk Court LLC (“Blackhawk Court”) is an investment vehicle that exists to acquire one lower middle market or micro-cap operating company. We are a self-funded search fund that seeks to acquire a small, privately held business in the United States. We offer an avenue for a family- and founder-owned business to exit to an acquirer that is not private equity or a large corporation. We offer legacy preservation, a people-first mentality, certainty of close, and reliable stewardship of the business we acquire. Our intent is to buy a business and hold it for the long-term. We seek to…

Recent Transactions

This member has no reported closed transactions.

Sunscape Capital

Actively Sourcing Deals

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Sunscape Capital, LLC is a Charlotte, NC–based entity dedicated to acquiring and operating a lower-middle market or Main Street business in the Charlotte region. The entity is self-funded, ensuring a personal, long-term commitment to the success of the acquired company. Its mission is to partner with a retiring owner or founder, honoring the foundation they have built and carrying forward their legacy with care and integrity. By preserving the values, culture, and customer relationships established over time, Sunscape Capital seeks to provide continuity, stability, and growth while…

Recent Transactions

This member has no reported closed transactions.

Toy Ventures Acquisition

Actively Sourcing Deals

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Toy Ventures has invested over $50M in minority equity investments. The holdco is also backed by a large hedge fund for factoring, lending and other purposes with over $400M credit facility (not for equity investment).I am running a holding company to acquire a low-market software company. Previously I was the head of product of a crypto-exchange and worked at Facebook / Goldman Sachs for 8 years. I've bought two businesses in the recent past in the low 6 digits range to test our the hypothesis

Recent Transactions

This member has no reported closed transactions.

London Johnson

Actively Sourcing Deals

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I operate two companies, a consumer products company that sells LED lights in Dallas, TX and a 100 unit multifamily property in Tennessee. I am looking to acquire another company within the next twelve months.

Recent Transactions

This member has no reported closed transactions.

Noah Weiss

Actively Sourcing Deals

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I'm looking for a ~$500M - $1.5M SDE business within 2-3 hours of metro Denver. I have a background as a strategy consultant where I focused on private equity commercial diligence and post-acquisition go-to-market strategy. My target business has a solid foundation with low turnover and recurring revenue but growth has stagnated. This business provides a physical service to the local Denver market, allowing me to leverage my own track record of community relationship-building and people management. I am exploring businesses across industries.

Recent Transactions

This member has no reported closed transactions.

Firms in the Business Services Search Funds directory are ordered based on recent deal activity on Axial. The default order reflects observed market signals rather than a subjective ranking of firm quality.

Each profile provides information about the firm’s areas of focus, transaction criteria, and relevant activity on Axial’s M&A platform. Together, these details provide a clearer view of where a firm is active and the types of companies and opportunities most relevant for it.

Based on activity on Axial’s M&A platform, the core revenue range for Business Services Search Funds is $3M-$12M, with a core EBITDA range of $500K-$2M. Company size can be an important indicator of fit, as firms often concentrate their experience, resources, and transaction activity within particular segments of the market.

Relevant Business Services experience can be an important consideration when evaluating a firm. Familiarity with the sector can provide a stronger understanding of its business models, market dynamics, valuation considerations, and transaction environment. The 1,845 firms included in this directory provide a starting point for identifying firms with relevant experience and activity in Business Services.

Not necessarily. Many firms are active across multiple industries, so inclusion in the Business Services Search Funds directory reflects relevant experience or activity in Business Services, rather than an exclusive sector focus. Individual profiles provide additional context on each firm’s areas of focus and activity within the sector.

When comparing Search Funds with experience in Business Services, consider factors such as size range, geographic reach, and recent transaction activity. These characteristics vary across the 1,845 firms included in the directory and can help identify firms that align with your needs.

Axial can help you identify and connect with firms based on your objectives and what you are looking to accomplish. The process varies depending on your role and transaction needs. If you are interested in connecting with firms in the Business Services Search Funds directory, you can request information here.

Top Business Services Search Funds

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