Top Paper & Forest Products Search Funds with Recent Private M&A Activity

852

Active Firms

18,825

TTM Deal Inquiries

$3M-$12M

Core Revenue Range

$500K-$2M

Core EBITDA Range

Top States by Activity

California 13%

Florida 13%

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

Blue Flag Holdings

Actively Sourcing Deals

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Blue Flag Holdings is a Texas-based acquisition vehicle formed to acquire and operate an industrial business in Texas and surrounding states. The founder is the sole principal — purchasing personally with committed equity and SBA 7(a) financing. Investment criteria: industrial B2B services, industrial distribution, and energy-related manufacturing and services in Texas, Target EBITDA $1.0–1.5MM, revenue $5–10MM. Control acquisitions only. Capital: $500–750K personal cash equity; SBA 7(a) pre-qualified up to $12MM with Live Oak Bank (letter dated 5/20/2026, on file); seller note of…

Recent Transactions

This member has no reported closed transactions.

Donald Jefferson

Actively Sourcing Deals

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— I’m a hands-on operator and acquirer with a background in building and growing companies across construction services, tech-enabled ops, and professional services. I’ve led teams, streamlined operations, and scaled businesses — and now I’m looking to acquire one great business to run and grow for the long term.Over the past several years, I’ve operated in roles spanning general management, process design, and financial structuring, including helping small businesses optimize back-office systems, implement software, and increase cash flow. I’ve worked directly with…

Recent Transactions

This member has no reported closed transactions.

Darby Chase Holdings, LLC

Actively Sourcing Deals

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Darby Chase is an entrepreneur-led acquisition platform focused on acquiring and operating profitable, established small businesses for the long term. Targeting a cash-flowing, owner-operated businesses in the Southeastern US (with a focus on North Carolina) where the owner is seeking a transition out of the business, with a preference for business services companies featuring durable customer relationships and operational improvement opportunities.

Recent Transactions

This member has no reported closed transactions.

PREM VARGHESE

Actively Sourcing Deals

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I am a self-funded individual buyer focused on acquiring one strong U.S. small business to own and operate for the long term. My background is in shipping (Logistics), finance, data analysis, and operations, with process improvement across service businesses. I am especially interested in waste management and other essential route- or contract-based services, either B2B or B2C. I plan to be an on-site owner-operator, working closely with the existing team rather than running the business from a distance. I am targeting stable companies with repeat customers, strong local reputation, and…

Recent Transactions

This member has no reported closed transactions.

Matthew Wetesnik

Actively Sourcing Deals

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I’m focused on acquiring and continuing a strong, well-run business with deep roots in its community. I plan to be a long term owner, and I care deeply about taking care of employees, maintaining the culture that made the business successful, and building on the legacy that’s already in place.I’m a fast learner who isn’t afraid to roll up my sleeves, earn trust, and understand the business from the ground up. I enjoy working alongside teams, creating alignment, and helping people grow so we can continue delivering for customers and have a meaningful impact on the community.

Recent Transactions

This member has no reported closed transactions.

Troy Legacy Partners

Actively Sourcing Deals

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Troy Legacy Partners is a self‑funded search vehicle led by Arthur Keukazian, a Silicon Valley IT‑infrastructure executive and owner‑operator of Mom’s Laundromats. After sourcing, diligencing, and acquiring that business in 2023—and lifting monthly revenue from ~$15K to $65K via a $450K retool—Arthur is now focused on acquiring and operating a single platform company.INVESTMENT FOCUS • Mission‑critical site & facility services that keep commercial, industrial, or public properties safe, clean, and operational • Target sectors: commercial…

Recent Transactions

This member has no reported closed transactions.

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Badger Bay

Actively Sourcing Deals

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Accomplished individual investor and operator with a proven track record in Hospitality, Real Estate and Financial Services. I am actively seeking to acquire and operate a single, established private business with stable, recurring cash flows and a strong competitive position. My goal is long-term wealth accumulation through direct operational involvement and strategic value creation, rather than short-term financial engineering.Target $1m - $10m transactions exceeding $1m in cash flow

Recent Transactions

This member has no reported closed transactions.

Greg Brown

Actively Sourcing Deals

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Individual investor looking to own and operate. I have acquire businesses within a larger company, but this would be my first deal on my own. Looking for opportunities within 1-2 hours of Chattanooga, Tennessee.

Recent Transactions

This member has no reported closed transactions.

Bablani Capital Enterprises

Actively Sourcing Deals

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Toronto-based private equity professional with experience in large cap buyouts looking to invest in businesses focused on food & beverage, education, and business services. Harvard Business School MBA with prior work experience at CPP Investment, McKinsey & Company,

Recent Transactions

This member has no reported closed transactions.

Two Bridges LP

Actively Sourcing Deals

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An entrepreneur-led fund designed to identify, acquire, and optimize an existing private company, bridging its history and legacy with its untapped growth potential. We have support from leading investors in the lower middle market

Recent Transactions

This member has no reported closed transactions.

Dragoon Investments

Actively Sourcing Deals

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Dragoon Investments is focused on the acquisition and operation of a single American company. We believe in continuing the owner's legacy, delivering unparalleled value to customers, giving back to the community, and delivering shareholder value.

Recent Transactions

This member has no reported closed transactions.

Anchor Rock

Actively Sourcing Deals

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Anchor Rock is a family-owned holding company looking to acquire small businesses with local roots who has sustainable cash flows. We are not Private Equity. We care about the business you created and employees that are your family.

Recent Transactions

This member has no reported closed transactions.

AFJ Mgmt LLC

Actively Sourcing Deals

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Experienced operator-investor seeking acquisitions of U.S. lower middle-market businesses. Built and exited a multi-unit platform with full P&L ownership. Focused on durable cash flow and operational upside.

Recent Transactions

This member has no reported closed transactions.

Centaurus Technologies

Actively Sourcing Deals

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Centaurus Technologies 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.

Lorin Theiss

Actively Sourcing Deals

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I am an experienced industrial executive actively seeking to acquire a light manufacturing, B2B industrial services, specialty trade, TICC lab, or niche distribution business in Texas generating $500K–$1.2M in EBITDA/SDE.Buyer Highlights:Background: 30+ years leading industrial operations ($100M+ P&L, 10 sites, 500+ employees) with prior business founder/owner experience.Capital Readiness: Pre-qualified for SBA 7(a) financing with equity capital available for immediate deployment.Focus: Long-term stewardship, employee culture, and sustainable operational growth.

Recent Transactions

This member has no reported closed transactions.

Iron Bond Search Partners

Actively Sourcing Deals

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Iron Bond Search Partners is an investment fund founded by Dru Nkansah and Phil Dontje, both former U.S. Army Rangers turned entrepreneurs. The firm is dedicated to acquiring and growing high-quality businesses with long-term potential. With a focus on strategic investments, Iron Bond aims to build upon the enduring legacy of the businesses it acquires as day-to-day operators. The company is driven by a commitment to excellence and seeks opportunities that align with its vision of long-term growth and sustainability.

Recent Transactions

This member has no reported closed transactions.

Sintra Partners

Actively Sourcing Deals

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Sintra Partners 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.

Blue Spruce Acquisitions

Actively Sourcing Deals

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I am a people-first leader with deep commercial development experience backed by committed capital. I have a track record of building strong teams, trusted relationships, and sustainable revenue growth. My wife and I partnered in our acquisitions search and bring complementary strengths. We are committed to honoring a founder’s legacy, preserving the values that made the business successful, and empowering existing employees to reach their full potential. I have deep experience driving the adoption of innovative and technical products in complex markets, including across diverse cultural,…

Recent Transactions

This member has no reported closed transactions.

Steel Hill

Actively Sourcing Deals

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I am an entrepreneur out of Philadelphia, looking for a business to buy and grow. I would step into the owners shoes full time.I bring a personalized customer service approach and employee centric mindset.

Recent Transactions

This member has no reported closed transactions.

Outsider Capital

Actively Sourcing Deals

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Outsider Capital is a Toronto-based entrepreneurial investment firm that is looking to acquire, actively manage, and grow a small to medium-sized business. We are focused on GTA-based businesses with $5M - $15M of revenue operating in the manufacturing, distribution, or business services space. We are looking to make a change of control investment and are excited to partner with an owner who is committed to making a seamless transition. We are passionately Canadian and we believe that the key to economic growth in our country is helping Canadian businesses tap into their technological…

Recent Transactions

This member has no reported closed transactions.

Firms in the Paper & Forest Products 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 Paper & Forest Products 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 Paper & Forest Products 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 852 firms included in this directory provide a starting point for identifying firms with relevant experience and activity in Paper & Forest Products.

Not necessarily. Many firms are active across multiple industries, so inclusion in the Paper & Forest Products Search Funds directory reflects relevant experience or activity in Paper & Forest Products, 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 Paper & Forest Products, consider factors such as size range, geographic reach, and recent transaction activity. These characteristics vary across the 852 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 Paper & Forest Products Search Funds directory, you can request information here.

Top Paper & Forest Products Search Funds

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