Where we know the owners.

We concentrate on durable, owner-operated businesses in the lanes where proprietary sourcing wins, and stay out of the ones where it doesn't.

Recurring-revenue service businesses with fragmented ownership and roll-up potential.

Specialty contractors and infrastructure-services companies with real backlogs and reputations.

HVAC, electrical, plumbing, fire & safety, and the platforms acquiring them.

Niche light manufacturing and value-added distribution with defensible positions.