Our acquisition profile
We look for good businesses worth carrying forward.
Financial performance matters, but numbers do not tell the whole story. We value companies with durable customer demand, capable people, honest financial information, and a reputation that provides a foundation for future growth.
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Purchase price commonly between $2.5 million and $5 million, with flexibility for an exceptional fit
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Approximately $750,000 or more in normalized SDE or EBITDA before the cost of any required replacement leadership
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At least five years of operating history
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Consistent or clearly explainable financial performance
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Clean, supportable owner add-backs
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Sufficient cash flow for leadership, debt service, reinvestment, and a reasonable margin of safety
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A strong local reputation and evidence of satisfied, repeat, or referral customers
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A capable team and meaningful management or supervisory depth
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Limited dependence on the selling owner, or a realistic and affordable leadership plan
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Diversified customers, referral sources, services, and suppliers
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Repeat, recurring, contracted, or referral-driven revenue
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Documented processes and dependable financial reporting
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Healthy gross margins and disciplined job costing
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Clear opportunities for operational, marketing, sales, geographic, or acquisition-led growth
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Competition based on trust, service, specialization, quality, or responsiveness rather than price alone
Industries of interest
We are especially interested in residential and commercial trade services and related businesses, including:
Roofing and exterior services
Painting and coatings
Garage door installation and repair
Window and door replacement
Millwork, cabinetry, and specialty building products
Hardscapes and related outdoor construction services
Other essential, reputation-driven service businesses with attractive economics and manageable licensing requirements
Geography and leadership
Northern Utah and the Wasatch Front are especially attractive to us. We also consider opportunities elsewhere in the United States when a committed owner-operator or experienced general manager is in place, or when the transaction supports a credible local leadership plan. Adam and Nisha are not planning to relocate.
Concerns we evaluate carefully
These are not automatic disqualifiers, but they can affect value, structure, financing, or fit:
The owner personally drives most sales, estimating, licensing, or daily decisions
One customer, builder, channel, or referral source represents a large share of revenue
Financial results or proposed add-backs do not reconcile clearly
Significant fleet, equipment, facility, or working-capital needs are approaching
Project concentration, seasonality, cyclicality, or warranty exposure creates volatility
The business cannot support a qualified operator in addition to acquisition debt and reinvestment
Not an exact match?
An exceptional business may still deserve a conversation. We would rather evaluate a thoughtful introduction than miss the right company and the right people because one number falls just outside a stated range.