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Top Chicago Search Funds

Explore 130 Chicago Search Funds that source acquisition and investment opportunities on Axial’s M&A platform.

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Chicago Search Funds

130

Active Firms

1,946

TTM Deal Inquiries

$3M-$14M

Core Revenue Range

$800K-$3M

Core EBITDA Range


Industrials 44%
Healthcare 12%
Business Services 11%
Technology 8%
Consumer Goods 8%

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

Showing 41-60 of 130 Search Funds

Sorted by recent activity

McKeever Industrial Company

Actively Sourcing Deals
I am seeking to acquire and operate a lower middle-market industrial distribution business in the Midwest. My focus is on durable, relationship-driven companies in segments such as fasteners, MRO, industrial supply, and related consumables, generally with $6–18 million in revenue and $900K–$1.6M in EBITDA. I am particularly interested in founder- or family-owned businesses where succession planning is a consideration and long-term continuity matters.I have a background in management consulting and corporate development, with experience evaluating acquisitions and leading integrations in…

Recent Transactions

This member has no reported closed transactions.

Seracher

Actively Sourcing Deals
Looking to acquire a business in the greater Chicagoland area with between $500 and $2M SDE. Relatively industry agnostic, but looking for highly reoccurring revenue, durable businesses with minimal customer concentration

Recent Transactions

This member has no reported closed transactions.

Curo Ventures

Actively Sourcing Deals
I've built a few companies from the ground up. This time I'm buying one.Curo Ventures is backed by institutional investors with a track record of closing deals from $5M to $60M in enterprise value. I am actively pursuing my first platform acquisition in two verticals: ISO 17025 accredited calibration businesses and non-hazardous industrial wastewater hauling and treatment, both Midwest focused.I am not a financial buyer. I will be the operator. My background includes founding and leading an IoT company serving municipal and private water utilities, which means I know the industrial and…

Recent Transactions

This member has no reported closed transactions.

Ink Investment Partners

Actively Sourcing Deals
Ink Investment Partners is a private equity firm dedicated to fostering long-term business growth while preserving the intrinsic values and culture of the companies it invests in. Unlike traditional private equity firms, Ink Investment Partners eschews short-term horizons and aggressive cost-cutting measures, focusing instead on sustainable success and the health of the business over the long haul. Their investment strategy is centered around actively leading and growing companies, ensuring alignment with the original values that contributed to their success. This approach positions Ink…

Recent Transactions

This member has no reported closed transactions.

FrazierOak Partners

Actively Sourcing Deals
FrazierOak Partners is a private investment partnership formed by Alex Leszcz and Kyle Kalish to acquire and operate one privately-held business for the long term.Alex is a Strategic Finance Consultant working directly alongside CFOs and FP&A teams on reporting, forecasting, and value creation. Kyle is an Investor making minority growth investments in founder-owned software businesses. Both started their careers in investment banking, focused on sell-side M&A, and together bring over a decade of M&A experience across a range of industries and transaction types.FrazierOak is…

Recent Transactions

This member has no reported closed transactions.

Kyle Adamson

Actively Sourcing Deals
Actively looking to acquire and operate an established family-owned business in the Chicago area with EBITDA/SDE between $500k and $1.5mm. Focused on companies in Residential Services and Light Manufacturing. Professional experience in Corporate Development for sponsor-backed businesses in Roofing and Packaging.

Recent Transactions

This member has no reported closed transactions.

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Progression Investments

Actively Sourcing Deals
Progression Investments was founded by Ike Ukawuba in pursuit of his dream of building and growing an impactful business. He has 15+ years of management consulting experience with expertise in marketing, customer retention, business process improvement, and process automation. Over the years, he has managed large scale projects for several Fortune 500 companies across different industries. He is looking to apply the high-performing business transformation he has observed from these previous engagements to a company he can acquire and grow in the greater Chicagoland area.Our VisionProgression…

Recent Transactions

This member has no reported closed transactions.

Creek Dog Capital

Actively Sourcing Deals
Creek Dog Capital is a traditional search fund focused on acquiring, operating, and growing a single business that’s essential to America’s everyday life. The name reflects the grit, determination, and loyalty at the heart of every great small business story—like a creek dog in the mud, I’m ready to roll up my sleeves, get in the trenches, and carry a business forward with a clear and committed succession plan.With a background in oil and gas finance, operations, and sales—including M&A experience on transactions totaling over $4.1 billion—I’m seeking a B2B service company…

Recent Transactions

This member has no reported closed transactions.

Kyle Harer

Actively Sourcing Deals
I’m independently funded and currently searching for a business to purchase and operate long-term. I work directly with owners and aim to preserve what makes their company successful. My goal is to create a fair, transparent process that respects the seller’s legacy.

Recent Transactions

This member has no reported closed transactions.

Jove Industrial Partners

Actively Sourcing Deals
Jove Industrial Partners is a Chicago-based, operator-led acquisition firm seeking to buy and personally run one established Midwest logistics or industrial-services business. Led by Priyanka Joseph — 14 years in rail and industrial leadership at Wabtec and GE — and backed by capital, we offer owners a permanent home, not a fund flip. We're seeking profitable companies in drayage and trucking, freight and logistics, or industrial services. We move quickly and transparently, and welcome confidential conversations with owners and their advisors.

Recent Transactions

This member has no reported closed transactions.

Value Catalyst Group LLC ("VCG") is a Lake Forest, IL-based private investment firm led by a seasoned corporate development professional dedicated to the lower middle market. We specialize in acquiring and scaling high-quality service-oriented businesses, specifically within the trades, home services, distribution and transportation sectors across the Greater Chicagoland area, the Midwest (Milwaukee, Indianapolis, Michigan), Nashville, and Southern Connecticut. Our primary focus is on established companies with an enterprise value below $7 million and EBITDA between $250k and $2 million. …

Recent Transactions

This member has no reported closed transactions.

Johann Rebl

Actively Sourcing Deals
Seeking to acquire and operate a small business in value add manufacturing where a careful ownership transition is desired. Our investment thesis is grounded in being long term stewards to continue to legacy of the business and brand.

Recent Transactions

This member has no reported closed transactions.

Vesalius Partners

Actively Sourcing Deals
Vesalius Partners is a newly launched search fund led by Kayvon Soheili and Cassidy Driscoll, two operators and investors with deep, complementary roots in healthcare and life sciences. We are seeking to acquire and operate one exceptional lower middle market business where we can serve as active, long-term owner-operators and build on the foundation a founder has spent years creating.Kayvon, brings seven years of operating experience embedded inside some of healthcare's most complex environments. He has led revenue cycle transformations, redesigned clinical operations, and driven patient…

Recent Transactions

This member has no reported closed transactions.

Midway Legacy Partners

Actively Sourcing Deals
Midway Legacy Partners is dedicated to acquiring, leading, and expanding a distinguished home care business within the $0.5M - $3M EBITDA/SDE range. The company is committed to preserving the unique aspects of the businesses they acquire while providing strong leadership for future growth. Their mission is to offer a seamless transition for business owners, ensuring the continuation of their legacy with a robust financial reward. Midway Legacy Partners focuses on acquiring a majority stake in businesses, though they remain open to business owners retaining equity, demonstrating flexibility in…

Recent Transactions

This member has no reported closed transactions.

BJS Investments LLC

Actively Sourcing Deals
Chicago-based procurement and operations executive with 15+ years leading $100M+ spend portfolios across manufacturing and industrial sectors. Actively acquiring a $4M–$8M Midwest business with $1M–$2M SDE. SBA-ready, capital in place, serious buyer seeking a founder-led company with an existing management team ready for its next chapter.

Recent Transactions

This member has no reported closed transactions.

Elytra Holdings

Actively Sourcing Deals
Elytra Holdings is an operator-led acquisition firm founded by two experienced business leaders who are committed to buying and running a single great business for the long term. We bring a complementary blend of finance, operations, technology, and consulting expertise, and we plan to step into the day-to-day leadership of the company we acquire.Our backgrounds include leading finance organizations, building scalable operating systems, driving digital transformation, and guiding companies through growth and complexity. Collectively, we’ve managed teams, overseen product and technology…

Recent Transactions

This member has no reported closed transactions.

Magnificent Legacy Capital is a private investment firm focused on one small to medium-sized acquisition. We aim to partner with one exceptional company that is seeking its next stage of growth. Post-acquisition, Brett will take on the CEO role, allowing sellers to exit the business after a reasonable transition period.

Recent Transactions

This member has no reported closed transactions.

Kaushal Bhatt

Actively Sourcing Deals
We are an independent acquisition firm led by an experienced technology executive and operational leader with over two decades of experience managing cross-functional teams, complex budgets, and scaled operational transformations. Supported by private equity advisory and conventional asset-based lenders, we are actively looking to acquire and personally operate a single established small-to-medium business.Our Investment Criteria:Sectors: Home and commercial services (including HVAC, plumbing, and landscaping), niche B2B services, and tech-enabled business services.Financial Benchmarks:…

Recent Transactions

This member has no reported closed transactions.

Ripple Equity Partners

Actively Sourcing Deals
Ripple Equity Partners (REP) is looking for a business owner planning for the next stage in life - we want to partner with and provide them with flexibility, transparency, and peace of mind as they sell their business and ensure their legacy continues  

Recent Transactions

This member has no reported closed transactions.

Blake Hillemeyer

Actively Sourcing Deals
Executive at a commercial real estate investment firm, responsible for day-to-day operations and all capital markets activity at a platform with over $1B in AUM. Seeking either principal or partnership investment opportunities where I can leverage my expertise in operations, capital raising, and commercial real estate.

Recent Transactions

This member has no reported closed transactions.


Frequently Asked Questions

How are Search Funds in this directory ordered?

Firms in the Chicago 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.

What information is included in each Search Fund profile?

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.

What company sizes are most common for Chicago Search Funds?

Based on activity on Axial’s M&A platform, the core revenue range for Chicago Search Funds is $3M-$14M, with a core EBITDA range of $800K-$3M. 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.

How important is location when evaluating Search Funds?

Location can be an important consideration, but it does not necessarily define where a firm is active. Firms based in Chicago may bring regional knowledge, local relationships, and experience with businesses in the area, while many also pursue opportunities across a broader geographic footprint. Geography is best considered alongside sector focus, company size, and relevant transaction activity.

Do all Search Funds in this directory operate exclusively in Chicago?

Not necessarily. A firm’s location does not always define its geographic reach. Many Search Funds based in Chicago are active across multiple regions, while firms based elsewhere may also participate in the Chicago market. Location can provide useful context, but it should not be interpreted as a firm’s geographic boundary.

How do I compare Search Funds in Chicago?

When comparing Search Funds in Chicago, consider factors such as sector focus, size range, and recent transaction activity. These characteristics vary across the 130 firms included in the directory and can help identify firms that align with your needs.

How do I connect with Chicago Search Funds?

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 Chicago Search Funds directory, you can request information here.


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