We are broadly concentrated on investing in business services companies, with particular a focus on managed services and insurance/HR services companies. Given our long term strategy, we are committed to dedicating all of our time and resources to specific industries that align with our model and becoming leading industry buyers. Our platform companies are typically $2mm+ EBITDA, and tuck ins at $500k+.

Almost every small to medium-sized business relies on outsourced IT services to provide and operate their network infrastructure. Managed Services Providers (MSPs) supply an IT framework alongside proactive and reactive support services. We invest in companies with high levels of recurring revenue, customer retention and strong organic growth.

Insurance and HR services allow small to medium-sized businesses to focus on their core operations and strategy, by managing regulatory and administrative obligations. Alongside PEOs and outsourced HR service businesses, we invest in retail and wholesale brokerages, MGAs/MGUs, and carriers that deliver strong recurring revenue, policy and client retention, and industry-leading organic growth.