Built for owners who care what happens after the deal closes.
We help founders, families, and management teams through succession, liquidity, and growth, with the aim of strengthening what they have built rather than replacing it.
Elmsley KeystoneTrust before terms
We spend real time with owners before either of us commits, negotiate in good faith, and do our homework early so that what we propose is what we intend to close on.
Building on the existing team
Our starting point is the people already running the business. We invest in their development, promote from within where we can, and recruit when a company needs capabilities it does not yet have.
Aligned ownership
We prioritize management alignment through ownership, with arrangements tailored to each investment, and we look for ways to broaden participation as a business grows.
From first call to the years after closing.
Initial conversation
A confidential discussion with a partner about what you want to accomplish for yourself, your family, and your people.
Understanding the business
Time with the company, its customers, and its team. If we are not the right fit, we say so early.
A structure that fits
Full sale, partial recapitalization, or management buyout, with rollover equity, real estate, and transition roles handled to suit your goals.
Diligence and financing
A coordinated process with clear responsibilities and expectations. We communicate material developments promptly and address issues directly.
The relationship after closing
Regular board engagement, accessible partners, and support where it is useful: finance, hiring, pricing, systems, and add-on acquisitions.
What we look for.
These are guidelines rather than gates. We have invested outside them when the people were right and the structure could be made to work.
Send us a teaser →$2–10M EBITDA
Consistent free cash flow and limited customer concentration. Owner-operator and family transitions, management-led buyouts, corporate carve-outs, and additions to our existing companies.
- Youth enrichment and early education
- Franchising
- Custom manufacturing and industrial services
- Business and consumer services
A long-term view of each business.
We approach each investment with a focus on building lasting value. Working alongside management, we set priorities around the company's opportunities, challenges, and stage of development. That perspective guides how we commit our capital and time, with the flexibility to hold businesses indefinitely when that best serves the company and its shareholders.
Elmsley KeystoneNot sure whether your business fits? Ask.
A short note about the company, its size, and what you are thinking about is enough for us to give you a clear answer.