What we acquire

A narrow mandate, on purpose.

We acquire profitable, founder-owned B2B workflow businesses — the trusted, under-systematized companies that quietly keep their customers’ operations running.

The target profile

The businesses we acquire tend to share most of these traits.

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Size
Revenue
$1M–$15M
EBITDA
$250k–$3M
Customer concentration

Manageable — a healthy spread of relationships, not a single dominant account.

Sectors of interest

Revenue assurance and commercial workflow infrastructure.

Our core focus is revenue assurance and commercial workflow infrastructure — and adjacent B2B workflow infrastructure more broadly. Representative areas include contract compliance, vendor overpayment recovery, commission and rebate reconciliation, royalty-like commercial flows, usage-based billing reconciliation, claims and admin processing, B2B data reconciliation, and compliance and legal-document workflows.

See the detail in Sectors →
Business models we like

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Signs a company might be a fit

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Signs a company might not be a fit

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What we avoid.

To be clear and save everyone time, we do not pursue: staffing, recruiting, EOR, payroll, or HR-tech businesses; artist-, creator-, or consumer-facing businesses; restaurants, retail, or local consumer services; heavy-capex businesses; venture-style SaaS operating at a loss; turnarounds or distressed situations; or businesses whose entire value rests on a single person’s relationships.

Not sure if you fit? The fastest way to find out is a short conversation.

Explore whether there may be a fit →