Our principals have led acquisitions, sales, and value-creation programs across Canadian essential-services businesses. Selected highlights below; specific transaction details available under NDA.
Each platform is held alongside an operating CEO and a curated group of aligned investors. Add-on candidates are sourced through our network and developed over multiple quarters.
Ontario-based environmental services platform serving municipal, industrial, and commercial customers. Acquired in partnership with a long-tenured operating CEO; currently executing a three-acquisition roll-up plan over 36 months.
Specialty mechanical & HVAC service business operating across the GTA. Founder-led for 22 years; transitioned majority ownership to Messini and an incoming CEO with full founder rollover and a two-year advisory period.
Sell-side advisory and exited principal investments across our principals' careers. Names redacted under standard transaction confidentiality.
Specialty industrial fabrication firm advised on sale to a strategic acquirer. Led process design, buyer outreach, and negotiation through close. Closed at 8.2× LTM EBITDA — 2.4× the founder's initial valuation expectation.
Founder-owned waste-services business recapitalized with a Canadian PE sponsor. Founder retained 35% equity, joined the board, and remained operationally engaged. Exited four years later at a 4.1× MOIC.
Buy-side mandate for a PE-backed facility services platform. Sourced and executed two add-on acquisitions in the GTA inside 14 months, expanding service density and adding two new service lines.
Two-year value-creation engagement with a founder-led HVAC business preparing for sale. Rebuilt commercial process, installed a finance leader, and stood up monthly KPI reporting. Exited 26 months later at 7.5× EBITDA.
Note: representative engagements presented in anonymized form. Specifics available under NDA.
Our criteria are tight on purpose. Saying no quickly is part of the service.
| Dimension | What we look for |
|---|---|
| Business type | Essential service, infrastructure-adjacent, or specialty industrial — recurring or contracted revenue preferred. |
| Geography | Headquartered in Canada. Ontario, Quebec, and BC are most active for us; we evaluate all provinces. |
| Revenue | $5M – $30M annual revenue. |
| EBITDA | $1M – $3M for platforms; $0.5M+ for add-ons. |
| Margin profile | Sustainable EBITDA margin of 12%+ with a credible path to expansion. |
| Customer base | Diversified — no single customer above ~25% of revenue, ideally lower. |
| Owner situation | Founder transitioning to retirement, succession planning, partial liquidity, or seeking a growth partner. |
| Deal structure | Open to majority recap, full buyout, or partnership. Always founder-friendly terms. |
Founders, intermediaries, and operators are all welcome. We respond to every inbound, usually the same day.
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