INVESTMENT FOCUS

Building Enduring Businesses in Essential Markets.

 

We invest in businesses with strong fundamentals, durable customer relationships, and opportunities to grow alongside experienced management teams.

 

Our Area of Focus


Essential icon
Essential icon

Essential Business Services

Recurring services that keep businesses compliant, efficient and operating.

  • Compliance & regulatory reporting

  • Process outsourcing

  • Facility services

  • Testing & inspection services

Modern open-plan office showing a diverse team working collaboratively at multiple computer workstations, with soft, natural light and healthy office plants
Manufacturing icon
Manufacturing icon

Value-Added Manufacturing

Specialized products where expertise, precision and reliability drive value.

  • Precision manufacturing

  • Niche industrial products

  • Critical field service infrastructure

  • Test & measurement

Extreme close-up, high-definition shot of a complex CNC milling machine in operation
Water icon
Water icon

Water

Services and solutions for essential water infrastructure.

  • Compliance

  • Regulatory reporting

  • Risk & resilience

  • Water services

Wide aerial shot of the circular clarifiers and aeration tanks under a clear sky, bordered by lush green trees, representing sustainable infrastructure

What We Look For


  • Growth icon

    $2–7M EBITDA

    Typical new platform investment

  • Smaller bolt-ons

    Smaller bolt-ons

    For existing portfolio companies

  • United States map

    United States

    Open to businesses nationwide

  • Platforms icon

    Platforms + add-ons

    Open to both

Our View on Water


Water-specific
regulatory workflows
Drinking Water

Regulatory
Compliance

CCR, eAR, reporting

Lead &
Copper

LSL, LCRR / LCRI

Cross-Connection
& Backflow

Program administration

Wastewater

Regulatory Compliance

NPDES, DMR, pretreatment

Capabilities
across the utility

Risk, Resilience
& Cybersecurity

Risk assessments, OT security

Contract

Operations

Treatment, distribution

Engineering, Software
& Consulting

Infrastructure, asset management

 

Have a Business That Could Be a Fit?

We're always interested in speaking with business owners and intermediaries about businesses in our areas of focus