Directory of Independent Sponsors in North America (2026)
Independent sponsors that acquire lower middle market companies in the United States and Canada, each verified on its own website, with the size, sector and geographic criteria it publishes.
Key findings
- 63 independent sponsors, each describing itself on its own website as an independent, fundless or deal-by-deal sponsor, headquartered in 17 states and provinces; the most common headquarters is New York (7 firms).
- 45 firms (71%) publish an EBITDA range and 17 (27%) publish a revenue range.
- The median published minimum EBITDA is $2M, across the 43 firms that state a minimum.
- 10 firms (16%) describe themselves as sector-agnostic or publish no sector focus.
- 23 firms (37%) publish no headquarters on their own websites, or list several offices without naming one; their headquarters field is left blank.
- This edition lists only firms whose own websites describe a deal-by-deal or independent sponsor model, so it is a verified sample rather than a census. Coverage of the western United States and Canada is still limited: 2 firms with a published headquarters in the western states and 2 firms in Canada.
- 63
- Independent sponsors listed
- 17
- States and provinces represented
- 71%
- Publish an EBITDA range
- $2M
- Median published minimum EBITDA (n=43)
Independent sponsors
Filter the directory
Showing 63 of 63 independent sponsors
- Sectors
- Infrastructure and mining services, industrial services, manufacturing and processing, distribution/transportation/logistics, business services, health and wellness/healthcare, food and beverage
- Geography
- North America
EBITDA $5M-$50M (currency not stated); founders and management stay active 3-5 years and roll over equity; says each deal builds the track record for a committed Fund I
Source: alamidascpartners.com, checked 2026-10-26
Amalgam Capital
Durham, NC
- EBITDA
- $5M to $30M
- Revenue
- $25M to $250M
- Sectors
- Industrial services, manufacturing, distribution, healthcare services, tech-enabled B2B operations
Founder/family transitions, carve-outs of non-core divisions, operationally challenged businesses; full exits or retained equity
Source: amalgamcapital.com, checked 2026-10-26
- EBITDA
- $2M to $25M
- Sectors
- Generalist
- Geography
- Target companies headquartered in the US or Canada
Profitable, cash-generative businesses with 10%+ EBITDA margins; control and non-control; target HQ in US or Canada
Source: analogideal.com, checked 2026-10-26
Backer North Investments
Toronto, ON
- Sectors
- Profitable Canadian B2B service firms (logistics and customs, fire and life safety, TPA/insurance, testing labs, elevator service, condo management, environmental consulting)
- Geography
- Canada
Syndicate targets C$2-11M EBITDA; fund-backed targets C$11-55M EBITDA; EBITDA margins 5%+; 10+ years of stable profitable operations
Source: backernorth.com, checked 2026-10-26
Bluffton Capital
Charlotte, NC
- EBITDA
- $500K to $3M
- Sectors
- Business services, manufacturing, industrials, tech-enabled services, distribution, consumer goods, health care
- Geography
- North Carolina and South Carolina
Established, profitable services businesses with multi-year track record and recurring revenue; no startups, turnarounds, real estate or restaurants
Source: blufftoncapital.com, checked 2026-10-26
- EBITDA
- $2M to $10M
- Sectors
- Healthcare services: prevention, personalization, cash-pay, employer-aligned care
- Geography
- United States
Enterprise value $10-50M; control transactions; operator-led
Source: bondwellcapital.com, checked 2026-10-26
Borgman Capital
Milwaukee, WI
- EBITDA
- $2M to $15M
- Revenue
- $10M to $100M
- Sectors
- Industry agnostic; food & consumer, traditional manufacturing, infrastructure products & services, business services
- Geography
- Midwest focus; open to opportunities across the U.S.
Profitable lower-middle-market companies; platforms $10-100M revenue, no revenue minimum for add-ons; succession/ownership transitions
Source: borgmancapital.com, checked 2026-10-26
- EBITDA
- $2M+
- Revenue
- $5M+
- Sectors
- Mission-critical and essential recurring services; infrastructure-related
Family- and founder-owned; opportunistically smaller
Source: carnyxholdings.com, checked 2026-10-26
- Sectors
- Multi-unit and services businesses
- Geography
- United States
Control and significant minority positions in profitable, growing lower-middle-market businesses with sound unit-level economics
Source: carrolltongrowth.com, checked 2026-10-26
Cascata Capital
Dallas, TX
- EBITDA
- $1M to $20M
- Revenue
- $5M to $100M
- Sectors
- Commercial/residential services (roofing, landscaping, fire & life safety, pest), consumer, environmental, pet, space tech, utility
Control of entrepreneur-founded, family or management-owned companies plus add-ons; select minority; $5-75M+ investments; ranges open-ended ('+')
Source: cascatacapital.com, checked 2026-10-26
Castleford Capital
New York, NY
- EBITDA
- $2M+
- Revenue
- $10M to $250M
- Sectors
- Healthcare services, pharma services and information technology
$10-75M investments; meaningful minority or majority with governance rights; significant management ownership; 5-10 yr holds
Source: castlefordcapital.com, checked 2026-10-26
- EBITDA
- $1M to $10M
- Revenue
- $10M+
- Sectors
- Healthcare services: alternative sites of care, behavioral health, pharmacy, post-acute care, specialty care
EBITDA margin 10%+; 2-3 years steady top-line growth; customer concentration below 20%; 3-7 year hold; fragmented markets for buy-and-build; founders who stay involved
Source: clove-cap.com, checked 2026-10-26
Compass Partners
Stamford, CT
- EBITDA
- $5M to $50M
- Sectors
- Aerospace & Defense and Industrials
- Geography
- Platform companies based in the United States; add-ons considered globally
Platform companies with existing book of business; modest use of debt up to 4x
Source: compasspartners.com, checked 2026-10-26
- Sectors
- Generalist
Small business acquisitions; finds entrepreneurs to become owner/operators, quarterbacks the acquisition and supports them after close
Source: concordeequitypartners.com, checked 2026-10-26
- EBITDA
- $1M to $3M
- Sectors
- Industrial automation and robotics: controls, PLC/HMI/SCADA, panel design, process automation
Founder-led firms with 10-40 employees and recurring service revenue
Source: cortexindustrialpartners.com, checked 2026-10-26
Credo Private Capital
Birmingham, MI
- EBITDA
- $2M+
- Sectors
- Manufacturing, distribution, business/industrial services, logistics/transportation
- Geography
- Greater Midwest (will consider other locations)
Control investments backing existing management; add-on acquisitions; no turnarounds, start-ups, retail or oil/gas
Source: credoprivatecapital.com, checked 2026-10-26
D.K. Smith & Co.
Miami, FL
- EBITDA
- $2M to $15M
- Sectors
- Business services, IT services, industrial (services, manufacturing, automation, environmental) and consumer
Control acquisitions with management partnership; platforms $2-15M EBITDA, any size for bolt-ons; seller rollover option
Source: dksmithandco.com, checked 2026-10-26
- Sectors
- Advanced manufacturing technologies, automotive industry innovation and other select high-growth sectors
- Geography
- Companies headquartered in the United States
Recurring revenue, low customer concentration
Source: darkalphacapital.com, checked 2026-10-26
DMD Capital Group
Atlanta, GA
- EBITDA
- $2M to $8M
- Sectors
- Healthcare and life sciences; healthcare data platforms, RCM and tech-enabled services
- Geography
- Across the U.S.
Enterprise value $10-50M; profitable, established businesses with recurring or durable demand
Source: dmdcapitalgroup.com, checked 2026-10-26
- EBITDA
- $3M to $15M
- Sectors
- Manufacturing (metals or machinery preferred) and specialty distribution
Enterprise value $20-150M
Source: equityvisions.com, checked 2026-10-26
Flight Equity
New York, NY
- EBITDA
- $3M to $10M
- Sectors
- Services and specialty distribution
- Geography
- U.S., headquartered anywhere
Control, majority investments; one industry at a time, then a group of companies
Source: flightequity.com, checked 2026-10-26
- Sectors
- Generalist
- Geography
- Texas
Lower-middle-market owner-operated companies; majority buyouts, structured equity and private credit; succession and expansion capital
Source: flyleafcapital.com, checked 2026-10-26
FortéOne Capital
Winnetka, IL
- EBITDA
- $2M to $10M
- Sectors
- Specialty manufacturing, building products, industrial and engineering services
- Geography
- United States
Control investments, $10-80M enterprise value; founder/family-owned lower middle market businesses; operator-led
Source: forteonecapital.com, checked 2026-10-26
Fulham & Co.
Wellesley, MA
- EBITDA
- Up to $10M
- Revenue
- Up to $50M
- Sectors
- Advanced manufacturing, industrial technology and specialized industrial businesses
Majority investments in family-owned / owner-operated advanced manufacturers; 5-10+ year holds
Source: fulhamco.com, checked 2026-10-26
Glen Oaks Capital
Rye, NY
- EBITDA
- $1M to $10M
- Revenue
- $5M to $75M
- Sectors
- Manufacturing, environmental & industrial services, business services, distribution
- Geography
- United States
$1-10M equity; MBOs, corporate divestitures, family succession, retiring owners, distressed balance sheets
Source: glenoakscap.com, checked 2026-10-26
- Sectors
- Generalist
Source: greenviewholdings.com, checked 2026-10-26
- EBITDA
- $750K to $3M
- Sectors
- Generalist
- Geography
- United States
Platform investments at $750K-$3M EBITDA; add-ons as low as $500K EBITDA; control acquisitions with seller rollover
Source: hansongrowthstrategies.com, checked 2026-10-26
HarborWind Partners
Chicago, IL
- EBITDA
- $2M to $8M
- Sectors
- Niche manufacturing, specialty chemicals, industrial and essential B2B services
- Geography
- United States
Controlling stakes in founder-led businesses, long-term hold; offices in Chicago and Boston
Source: harborwind.com, checked 2026-10-26
- EBITDA
- $3M to $25M
- Revenue
- $10M to $250M
- Sectors
- Consumer, healthcare services, business services, industrial and distribution, niche manufacturing
- Geography
- US-based companies, preference for Western states
Control or minority equity, owner liquidity, MBOs, family transitions, carve-outs; investment size $1-50M; proven management in place; limited capital intensity; typically avoids operationally distressed situations
Source: haydencreekcapital.com, checked 2026-10-26
Hudson Glade
Rye Brook, NY
- EBITDA
- Up to $20M
- Revenue
- Up to $150M
- Sectors
- Consumer, industrial and services companies across the consumer-influenced supply chain
- Geography
- North America
Prefers control buyouts of lower-middle-market platforms with defensible growth
Source: hudsonglade.com, checked 2026-10-26
Iron Keel Capital
Austin, TX
- EBITDA
- $250K to $1.5M
- Sectors
- Trades, waste and environmental services, fabrication, distribution, contracting
- Geography
- Texas first, room for the right business beyond it
Annual cash flow (SDE or EBITDA) roughly $250K-$1.5M, the range SBA acquisition financing supports; founder- and family-owned; not turnarounds
Source: ironkeelcapital.com, checked 2026-10-26
Ivy Hill Health
Atlanta, GA
- EBITDA
- $2M to $10M
- Sectors
- Specialized healthcare services, practice support companies and physician practices
- Geography
- Southeast US preferred, national search
Anchor company EBITDA $2-10M (add-ons smaller); $10-50M capital per deal; 5+ year hold; no startups, turnarounds or unrelated roll-ups
Source: ivyhillhealth.com, checked 2026-10-26
JJK Partners
Las Vegas, NV
- EBITDA
- $3M to $20M
- Sectors
- Enterprise software (SaaS), contracted business services, specialized healthcare, certain infrastructure niches
- Geography
- Companies serving or expanding into the U.S. market
Enterprise value US$10-85M; control buyouts and minority equity; no debt financing; growth capital, founder liquidity, management transitions
Source: jjkpartners.com, checked 2026-10-26
Lakeview Growth Management
New York, NY
- EBITDA
- $1M to $7M
- Sectors
- Tech-enabled business process services for real estate, financial, legal, company research, medical testing labs
- Geography
- NY, NJ, CT, PA, NC
EV $5-35M; founder succession; scalable model with proprietary technology
Source: lakeviewgm.com, checked 2026-10-26
Lighthouse Equity Partners
Westport, CT
- EBITDA
- $500K to $1.5M
- Revenue
- $3M to $5M
- Sectors
- Owner-led service and operating businesses requiring hands-on skilled labor or personalized service
- Geography
- Within about a 90-minute radius of Fairfield County, CT
Majority interests; limited debt; low capex; net margins near 20%
Source: lighthouseequitypartners.com, checked 2026-10-26
LV2 Equity Partners
Midland, MI
- Revenue
- $10M to $50M
- Sectors
- Niche manufacturing, value-added distribution and specialty services
- Geography
- United States, preference for the Midwest
Controlling interest; deal value $0.5-20M; profitability preferred but not required
Source: lv2partners.com, checked 2026-10-26
Madison Lake Capital
Madison, WI
- EBITDA
- $3M to $15M
- Sectors
- Sector agnostic; interests in business services, manufacturing, B2B technology, supply chain/distribution
Lower-middle-market buyouts, divestitures/carve-outs, majority or partial recapitalizations
Source: madisonlakecapital.com, checked 2026-10-26
Mar Equity
Miami, FL
- Sectors
- Generalist
Source: marequity.com, checked 2026-10-26
Marion Park
Chicago, IL
- EBITDA
- $1M to $5M
- Sectors
- Business services: facility, commercial, engineering, environmental, HR, industrial, utility/telecom, professional
- Geography
- United States
Management, family or founder-owned business services companies
Source: marionparkllc.com, checked 2026-10-26
Moreland Partners
Bluffton, SC
- Revenue
- $25M to $250M
- Sectors
- Industrial processes, auto, food, building materials, data and information services, consumer services
Multi-generation family, founder and corporate (carve-out) owned manufacturing, service and franchise businesses; profitable with stalled growth
Source: morelandpartnersllc.com, checked 2026-10-26
- EBITDA
- $1M to $10M
- Revenue
- $5M to $30M
- Sectors
- Industrial, environmental and specialty-services; testing, inspection and certification; specialty niche manufacturing; B2B software overlay
- Geography
- Texas and Southern U.S.
Platform investments where ownership is transitioning; founder-, family-owned, succession situations
Source: nexthelmcapital.com, checked 2026-10-26
- Sectors
- Fragmented, owner-operated business services
Lower-middle-market buy-and-build platforms with add-ons; operational improvement and growth; build exit-ready platforms
Source: opedgepartners.com, checked 2026-10-26
Pareto & Company
Elmhurst, IL
- EBITDA
- $3M to $15M
- Sectors
- Business services, B2B products, niche manufacturing in fragmented industries
Lower-middle-market buyouts with management staying involved; recurring revenue or clear path to it
Source: paretoandcompany.com, checked 2026-10-26
Pennant Equity Partners
Marblehead, MA
- Sectors
- Tech-enabled services, manufacturing & distribution, healthcare, software/SaaS/data, niche consumer products
Principal investing as lead or co-investor, growth partnering and operating advisory
Source: pennantep.com, checked 2026-10-26
- EBITDA
- $1M+
- Revenue
- Up to $20M
- Sectors
- Consumer brands, consumer products, eCommerce/DTC
- Geography
- Midwest and West Coast
Control buyouts; entrepreneur- and family-owned; fragmented industries with recurring revenue; preferred HQ Michigan for targets
Source: preserveequitypartners.com, checked 2026-10-26
Quadec Private Capital
Birmingham, MI
- EBITDA
- $2M to $20M
- Sectors
- Manufacturing, distribution, business services, industrial & infrastructure services
- Geography
- United States, preference for Midwest and Central regions
Owner liquidity with meaningful equity rollover; recurring revenue; fragmented markets for add-ons; low customer concentration
Source: quadecpc.com, checked 2026-10-26
Rannerdale Capital
New York, NY
- EBITDA
- $1M to $3M
- Sectors
- Niche industrials, housebuilding, hospitality, real estate, retail, food chain and agriculture; open to others
- Geography
- United States
Buyouts, recapitalizations and growth equity; majority not required; no finite fund life, flexible hold
Source: rannerdale.com, checked 2026-10-26
RBI Partners
Edmonton, AB
- Sectors
- Business services, industrial, SaaS, distribution
- Geography
- Western Canada
EBITDA $2M-$5M (currency not stated); founder exits, succession, carve-outs; operator-led; also offers fractional CFO and M&A execution services
Source: rbipartners.ca, checked 2026-10-26
Revendar Equity Partners
Dallas-Fort Worth, TX
- EBITDA
- $1M to $10M
- Revenue
- $5M to $50M
- Sectors
- B2B manufacturing-based companies, specifically building products
- Geography
- Texas
Founder- or family-operated businesses with a track record of EBITDA
Source: revendar.com, checked 2026-10-26
Savade Holdings
Newton, MA
- Sectors
- Healthcare, education and workforce development
Mid-scale, already-strong companies; partners with founders and management seeking a long-term home
Source: savadeholdings.com, checked 2026-10-26
- Sectors
- Generalist
- Geography
- U.S.
Source: scooterpartners.com, checked 2026-10-26
- Sectors
- Generalist
Control investments in founder and family-owned businesses; acquisitions and recapitalizations
Source: sheriffandco.com, checked 2026-10-26
Signal Rock Capital
Fort Lauderdale, FL
- EBITDA
- $1M to $5M
- Sectors
- B2B industrial services, infrastructure services and consumer services
Family and generational transitions, shareholder liquidity; majority and minority ownership; recurring revenue, low customer concentration
Source: signalrockcap.com, checked 2026-10-26
St. Thomas Capital Partners
Miami, FL
- EBITDA
- $2M to $8M
- Sectors
- Independent pharmacy, healthcare services, essential services, specialty manufacturing, software
- Geography
- Nationwide, focus on Southeast and Sun Belt
Founder-owned and family-owned businesses
Source: stthomascapital.com, checked 2026-10-26
StoneCreek Capital
Fort Worth, TX
- EBITDA
- $3M to $15M
- Sectors
- Business services, media & entertainment, aerospace & defense, manufacturing, experiential marketing, distribution, retail/restaurant
Change-in-control buyouts from founders, families, PE portfolios, corporate spinoffs; EV $10-100M; 10%+ EBITDA margins; also office in Newport Beach, CA
Source: stonecreekcapital.com, checked 2026-10-26
- EBITDA
- $2.5M to $10M
- Sectors
- Established, profitable essential-services businesses
- Geography
- Northeastern United States only
Enterprise value $5M-$20M+; family- and founder-owned
Source: summitara.com, checked 2026-10-26
- EBITDA
- $1M to $5M
- Sectors
- Industry agnostic, durable non-cyclical businesses
Stable small businesses with predictable cash flow and defensible position; key team stays; partners with Owner-CEOs
Source: triplepointequity.com, checked 2026-10-26
Tristela Capital Partners
Nashville, TN
- Sectors
- Healthcare services
Acquisitions of lower-middle-market healthcare services companies; physician-led
Source: tristela.com, checked 2026-10-26
True Path Capital
West Harrison, NY
- EBITDA
- $2M to $7M
- Sectors
- Education, workforce, healthcare services, staffing and other people-intensive businesses
- Geography
- North America
Majority control; ownership transitions, recapitalizations, carve-outs; rollover welcome; software from $1M EBITDA
Source: truepathcapital.com, checked 2026-10-26
- EBITDA
- $1M+
- Revenue
- $10M to $100M
- Sectors
- Industry agnostic, leaning into sectors with team experience
- Geography
- U.S. based
Growth capital and buyouts; experienced management teams
Source: twgcap.com, checked 2026-10-26
Vintage Stone Capital
Mt Laurel Township, NJ
- EBITDA
- $5M to $15M
- Sectors
- Industrial: distribution, services, light manufacturing
Enterprise value $25-75M for platform investments; operational modernization thesis
Source: vintagestonecapital.com, checked 2026-10-26
Viridian Pacific Capital Partners
El Segundo, CA
- EBITDA
- $2M to $10M
- Sectors
- Business and commercial services, healthcare services, manufacturing and industrial
- Geography
- Southern California first; right deal elsewhere considered
Founder- and family-owned, profitable; founded 2026; hold long term
Source: viridianpacificcapital.com, checked 2026-10-26
- Sectors
- Under-appreciated B2B service-based industries; recurring revenue, essential services, industries in active consolidation
- Geography
- Canada and the United States
C$1-10M EBITDA, may pursue larger; raises discrete equity capital for each opportunity from family offices, institutions and HNW individuals
Source: wherewithalpartners.com, checked 2026-10-26
Count of firms by published headquarters. 23 publish no headquarters location.
Based on the 45 firms (71%) that publish an EBITDA range; a range can span several bands.
What an independent sponsor is and how it finances a deal
An independent sponsor is a private equity professional, or a small team, that finds and negotiates an acquisition before it has the money to pay for it. Instead of drawing on a committed fund, the sponsor raises equity for each transaction after a target is under letter of intent, usually from family offices, high-net-worth investors, mezzanine and junior capital funds, and a growing number of funds that specialize in backing independent sponsors.
The sponsor typically contributes a modest amount of its own capital, earns a closing fee and an ongoing management or monitoring fee, and receives a carried interest (a promote) that grows with the equity investors' returns. Senior debt comes from banks or private credit lenders in the usual way. Because the capital is raised deal by deal, a seller should ask early who the expected equity and debt providers are and whether they have already reviewed the opportunity.
For how these buyers compare with strategic acquirers, private equity funds and family offices, see Who buys lower middle market companies: buyer types compared.
Frequently asked questions
What is an independent sponsor?
An independent sponsor, sometimes called a fundless sponsor, is an investor who sources and negotiates an acquisition first and raises equity from outside capital providers for that specific deal, rather than investing from a committed fund.
How do independent sponsors finance acquisitions?
Typically with senior debt from a bank or private credit lender, equity from family offices, high-net-worth individuals or funds that back independent sponsors, and sometimes seller financing or a rollover of part of the seller's equity. The sponsor usually invests some of its own money alongside.
What size companies do independent sponsors buy?
It varies by firm. In this directory, the size criteria each firm publishes are shown as given; the summary above reports the median published minimum EBITDA. Many firms publish a range, while others describe the businesses they want without numbers.
What should an owner ask an independent sponsor before signing a letter of intent?
Ask which deals the sponsor has closed, who provided the equity and debt, which capital providers are expected for this deal, whether they have reviewed it, how much of the price is paid in cash at closing, and what role the owner and management team will have after closing.
Why do some entries have no EBITDA or revenue range?
The directory only shows criteria a firm publishes on its own website. Where a firm describes its focus without numbers, the size fields are left blank rather than estimated.
Methodology and sources
Laurent Capital Research compiled this directory from public sources in October 2026. Candidate firms were identified through web searches, conference and investor lists, press coverage and, for independent sponsors, Axial’s public independent sponsor directories. Those lists were used only to find candidates: whether a firm is included, and every field shown for it, comes from the firm’s own website. Only firms whose website loaded on the check date are included. The directory lists 63 independent sponsors and 120 search funds.
Coverage and limits of this edition
The directory is deliberately conservative. Many firms that third-party listings call independent sponsors do not describe themselves that way on their own websites, and we left them out rather than rely on a secondary source; six candidates were removed on a second check in the first edition, and Pillsman Partners was left out of the October 27 update because its site implies a deal-by-deal model without stating it. The October 27 update added 31 independent sponsors, including the first sponsors headquartered in the western United States and Canada. Coverage there is still limited: 2 listed sponsors publish a headquarters in a western state and 2 in a Canadian province, and several others with a western focus publish no headquarters at all. The independent sponsor list is therefore a verified sample, not a census of the market. Search fund coverage spans the United States and Canada. We will add firms as they are verified.
Two judgment calls in the update: ALAMidas Capital Partners is listed because its site says it invests deal by deal; it mentions a committed fund only as a future goal. Concorde Equity Partners is listed as an independent sponsor, the term it uses for itself, rather than as a search fund, because it recruits outside entrepreneurs to run the businesses it acquires.
Inclusion criteria
- Independent sponsors: the firm’s website describes it as an independent sponsor, a fundless sponsor, or an investor that raises capital deal by deal, and it targets private companies in the United States or Canada.
- Search funds: the website describes one or more entrepreneurs seeking to acquire and operate a business, whether investor-backed (traditional), self-funded, or organized as a search-style holding company. Searchers whose sites say they have completed an acquisition and stopped searching were excluded; where a site did not say whether the search is ongoing, the entry is marked status unverified.
- Committed-fund private equity firms, permanent-capital family offices that do not describe themselves as independent sponsors, intermediaries and lenders were excluded.
Fields and rules
- Headquarters, size ranges, sectors, geography and other criteria come only from the firm’s own website. Fields a firm does not publish are left blank rather than estimated.
- Headquarters is left blank when the only location evidence is a third-party listing such as Axial or LinkedIn, when a site lists several offices without naming a headquarters, or when it gives only a registered-agent address.
- Size ranges are in U.S. dollars, in millions, as published. Ranges published in Canadian dollars or without a currency are kept in the criteria text and left out of the size fields and statistics. Sector focus was mapped to eleven broad categories; firms describing themselves as industry-agnostic are tagged Generalist.
- The EBITDA filter shows firms whose published range overlaps the selected band. Summary statistics such as the median published minimum EBITDA are computed only over firms that publish that figure.
- No personal contact details are collected. Each entry links to the firm’s website and to the page used as the source.
Firms change their criteria, complete acquisitions and close. Check the firm’s website before relying on an entry. This directory is for information only and is not an endorsement of any firm or investment advice.
- 1Each listed firm's own website. The page URL read for every entry is in the source_url column of the CSV
- 2Axial, independent sponsor directory. Used only to discover candidate firms; no field in the directory is taken from it; retrieved 2026-10-26
- 3U.S. Small Business Administration, 7(a) loans. Maximum loan amount and eligible uses, including changes of ownership; retrieved 2026-10-26
- 4Stanford Graduate School of Business, 2026 Search Fund Study: Selected Observations (case E967). Background reading on the search fund model; no figures from it are used in this directory
- 5Laurent Capital, Who buys lower middle market companies: buyer types compared
Data last updated 2026-10-27.
63 rows with source URL and check date. License CC BY 4.0.
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