Sourced
90%
Of closed buy-side deals were off-market at first contact.
Diligence cycle
8–12weeks
From signed LOI to close, typical cadence.
Broken deals
14%
Proceed past LOI and do not close — we consider a walk-away a successful outcome.
Platforms built
23
Active platform engagements advised to date.
— The mandate

We work for buyers
who intend to operate
what they acquire.

Whether building a platform, executing a roll-up, or making a single defining acquisition, our buy-side engagements are disciplined origination and diligent, not deal-flow tourism.

— 003 · The Engagement

Twelve stages.
Six to nine months, indicative.

Durations are indicative and vary with target availability, financing, and diligence findings.

Buy-side work is mostly patience. The search runs long and quiet, the execution runs short and intense. This is the shape of a mandate from written thesis to funds flowed. Click any stage for detail.

Filter by phase
Stage
M1M2M3M4M5M6M7M8M9

Investment criteria written down: sector, size, geography, ownership profile, and what you will not buy. The thesis is the filter every later decision is measured against.

Scope, retainer, and success fee defined. Confidentiality terms agreed and the senior advisor assigned to the mandate for its full duration.

The addressable universe built from the ground up. Direct competitors, adjacent capabilities, and suppliers or customers worth owning.

Candidates ranked against the thesis on fit, size, owner age and intent, and likelihood of engaging. A shortlist you can defend to an investment committee.

Discreet senior-to-senior approaches to owners who are not running a process. Most say no. The ones who say yes are rarely competing with other buyers.

Introductions arranged and chaired. Cultural fit, owner motivation, and management depth assessed before any number is put on the table.

Non-binding IOI issued with a valuation range and proposed structure. Sets expectations early rather than discovering a gap after diligence spend.

Quality-of-earnings review, normalized EBITDA, and comparable transactions. The offer built from the numbers rather than the asking price.

Price, structure, exclusivity, and timetable agreed in writing. Deal breakers surfaced here, before diligence costs are committed.

Financial, legal, commercial, tax, and HR diligence coordinated end-to-end. Customer concentration and key-person risk pressure-tested.

Earn-outs, holdbacks, working capital, and rep & warranty terms negotiated. Debt or equity financing arranged alongside the legal drafting.

SPA executed, funds flowed, and the first hundred days planned before day one — retention, communication, and the integration sequence.

— Next

Discuss an
acquisition thesis.

Bring a rough thesis, we will help sharpen it.
Senior advisor, one conversation.

Schedule a call