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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 121-130 of 130 Search Funds

Sorted by recent activity

Novastone Capital Advisors (NCA) was founded by a consortium of Single Family Offices, that runs an Entrepreneurship Through Acquisition program. This ETA program is a highly specialized process that connects investors with talented entrepreneurs who are looking to locate, acquire, manage, and grow a privately held company.

Recent Transactions

This member has no reported closed transactions.

JoeldCo, LLC – Investing in Great Businesses, Elevating Their FutureJoeldCo, LLC is a private investment firm focused on acquiring and growing established small to mid-sized businesses. We provide a seamless transition for owners looking to exit while preserving their legacy and supporting long-term success. Post-acquisition, we actively partner with leadership teams to enhance operations, drive sustainable growth, and create lasting value for all stakeholders."

Recent Transactions

This member has no reported closed transactions.

White Mountain Acquisition is the personal investment vehicle of Doug Dellinger. Doug invests his personal assets and can source capital from a broad network of family, friends and past and present colleagues.

Recent Transactions

This member has no reported closed transactions.

Bobadhu Capital LLC is a private investment firm focused on small to medium-sized acquisitions. We partner with exceptional companies seeking the next stage of growth. Post-acquisition, we work closely with our portfolio companies to drive measurable value for all stakeholders. 

Recent Transactions

This member has no reported closed transactions.

I am a co-founder of Venture Heights Partners and we are looking to acquire a small-sized business where we focus on a well-ran business, with great values, and a proven track record of recurring revenue. Why should you trust us to run your company? We aren't a large private equity firm who is coming into town and looking to turnover your company and have a massive plan to rearrange everything you've built. We are looking to grow the company, respect what you've built and carry YOUR legacy forward. We have a team with a combined 16+ years of consulting and project management experience. Along…

Recent Transactions

This member has no reported closed transactions.

Interested in $2-7mm EBITDA business throughout the US. Founder-owned is preferred. I am a first-time searcher with experience in investment banking, private equity, and pursuing an MBA from Chicago Booth

Recent Transactions

This member has no reported closed transactions.

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We’re two entrepreneurs with one mission: to continue what you’ve built. MW Partners exists to preserve legacy, protect people, and grow with integrity. Backed by seasoned operators and investors, we’ve completed 30+ M&A deals since 2017 and are driven by Midwest grit, humility, and heart.

Recent Transactions

This member has no reported closed transactions.

Corporate M&A professional looking to acquire and operate a business personally, with a focus on established, profitable companies where I can build on what the owner has created.I’m a first-time individual buyer, not a private equity fund, and I’m looking for one business where I can take a long-term ownership role.

Recent Transactions

This member has no reported closed transactions.

Luck Capital Partners is a private equity firm that specializes in investing in middle-market companies. With a global operational reach, the firm focuses on venture capital investments. They prioritize innovative solutions and growth potential, emphasizing scalable business models in their investment strategy. Luck Capital Partners is committed to fostering growth and innovation in the sectors they invest in.

Recent Transactions

This member has no reported closed transactions.

Alliance Growth Partners (“AGP”) is rooted in the principles of allyship and fueled by a passion for growth. Based in Chicago, AGP is focused on investing in companies that are at an inflection point in their future and have the ability for continued growth. Backed by world-class investors and operators, we take a hands-on approach with a focus on founder legacy and future growth for all stakeholders. Skyler Almquist, the founder, comes from deep entrepreneurial roots and spent significant time investing in and growing billion-dollar companies. He deeply understands the needs for all…

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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