For ETA & Search Fund Buyers

Fifty show up.
A handful win.

Out of fifty people who show up to an ETA conference, roughly fifteen buy a business. A handful build something that compounds. The difference isn't deal flow or financing acumen. It's the operating decade after close. We walk with you from pre-LOI through Year 3.

The Search Fund Buyer’s Gap

You’re doing this alone.

You’ve run the search. You know the business inside and out. You know exactly how you’re going to improve it. But you don’t have the team to execute against that plan. You don’t have a CFO. You don’t have an operations lead. You don’t have someone to handle the financials so you can focus on running the business.

You close the deal and suddenly you’re covering multiple jobs: revenue growth, operations, finance, culture. You’re the bottleneck again. The improvements you planned get delayed. The financial infrastructure falls apart. Your investors get nervous.

That’s where most search fund deals falter. Not because the thesis is wrong. But because the buyer doesn’t have the team to execute it.

Full Lifecycle Partnership

We embed from close through exit.

Search (Your work) Diligence (Our work) Close (We embed) Execute (3-5 years) Scale/Exit (Still here)

We help with diligence. We close the deal with you. We stay embedded through execution and exit. That’s the full partnership.

The Full Deal Journey

What we do at each stage.

Pre-Close

Diligence

Operator-grade Quality of Earnings for sub-$2M EBITDA targets, the ones upmarket firms decline. Working-capital peg modeled to CCC times daily sales. Pair with Operational & Commercial DD: 8 to 12 customer interviews, leadership-bench read, supply chain, capex, market read.

Day 1-30

Stabilize

Install financial infrastructure. Map the business. Understand cash flow. Establish operating cadence. Get the basics right while you integrate and plan.

Month 2-18

Execute

Run the playbook. Improve unit economics. Build the management team. Deploy capital strategically. We work alongside you every step.

Year 2+

Scale

Expand revenue. Acquire bolt-on businesses. Prepare for the next chapter. We stay embedded as your CFO Partner and Operating Partner through the years that make or break the deal.

“The difference between a deal that works and a deal that explodes is usually the operating partner. We are that partner.”

We have skin in the game.

Why Search Funds Partner With Us

We’ve done this 100 times.

Pedigree

100+ Quality of Earnings engagements. We've analyzed more deal targets than most investors. We know what breakage looks like, what unit economics matter, and where search funds miss it.

  • Deep financial diligence expertise
  • Real-time visibility into deal health
  • Built-in network of resources
  • Proven execution playbooks

Alignment

Retainer for the work. Equity participation if the business wins. No commissions. No success fees. No referral kickbacks.

We only take partnerships where we genuinely believe in the thesis and the buyer. We stay embedded through the operating decade after close.

Looking for your operating partner?

Let’s talk about your thesis and how we can partner on execution.

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