Service / 01

Independent sponsor investing for Canadian essential services.

Deal-by-deal capital paired with an operator-CEO and a hands-on board. We target $1–3M EBITDA platform investments with the patience to hold for the right outcome.

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What it is

Capital that shows up with operating talent — not just a wire.

As an independent sponsor, we raise capital deal-by-deal alongside aligned investors who know each business. That gives us three things a traditional fund can't always offer: speed when it matters, patience when it matters more, and an operating partner who's writing equity into the same deal.

Every platform we acquire has an incoming or rolling-over operating CEO with relevant experience and skin in the game. We don't do remote-control ownership. We don't run quarterly board playbooks from a Bay Street tower.

Investment Criteria

What we look for in a platform.

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 most active; we evaluate all provinces.
Revenue	$5M – $30M annual revenue.
EBITDA	$1M – $3M for platforms; $0.5M+ for add-ons to existing platforms.
Margin profile	Sustainable EBITDA margin of 12%+ with credible expansion path.
Customer base	Diversified — no single customer above ~25% of revenue, ideally lower.
Owner situation	Founder transitioning to retirement, succession, partial liquidity, or seeking a growth partner.
Deal structure	Open to majority recap, full buyout, or partnership. Always founder-friendly terms.

Our Process

From first call to close in roughly 90 days.

We move at the pace the founder can handle, but we know what we want and we know how to act on it.

Initial Conversation

30-minute call. Founder situation, business overview, key questions on both sides. No pitch decks.

Business Review

NDA in place. Two weeks of focused review covering financials, customers, operations, and team.

LOI & Diligence

We put a non-binding LOI in writing within 30 days of first call. Confirmatory diligence runs 45–60 days.

Close & Day One

Capital wired. Operating CEO in seat. 100-day plan presented to the team in week one.

Frequent Questions

What founders usually want to know first.

How is an independent sponsor different from a traditional PE fund?

PE funds have committed capital they need to deploy on a fund clock. Independent sponsors raise capital per deal, alongside investors who know the specific business. The result is more patient ownership, more flexibility on structure, and an operating partner aligned to this specific company rather than a portfolio of twelve.

Can I keep equity in the business after you invest?

Almost always, yes — and we usually prefer that. Rollover equity keeps the founder economically aligned with the next chapter, gives the business continuity, and reflects the fact that founders typically know things about the business no buyer ever will.

What if I want to stay involved post-close?

Many founders do. We've seen everything from full operational continuity, to two-year advisory transitions, to focused board roles. The structure follows the founder's goals and the business's needs, not the other way around.

How quickly can you actually close?

Realistically 90–120 days from a serious first conversation. We've closed faster when the situation called for it; we've also taken longer when diligence surfaced things we wanted to understand more deeply. Speed matters but it isn't the only thing.

Will you sign an NDA?

Yes. Standard mutual NDA. We sign before we look at financials.

I'm not sure I'm ready to sell. Is it still worth talking?

Yes. Most of our best transactions came from founders we first met two or three years before close. The earliest conversations are usually the most useful — for both of us.

Have a business that fits the criteria?

Founders, intermediaries, and operators are all welcome. The first call is 30 minutes and always confidential.

Book a 30-min Intro