We seek to acquire or invest in profitable middle market eCommerce companies. We seek to acquire or invest in profitable middle market eCommerce companies.

Company Types

B2C & B2B eCommerce

  • Companies selling to business and/or retail customers
  • Highly defensible competitive position based upon any of the following business characteristics:
    • Branded proprietary products
    • Vertical integration
    • Customized or made-to-order products or services
    • Complex, technical and highly researched products or services
  • 24-month variable contribution per customer of at least $50

Marketing Services for eCommerce

  • Specialized offering serving eCommerce companies with differentiation based upon intellectual property and/or technology-enablement

Marketing Technology for eCommerce

  • SaaS tools and platforms serving eCommerce companies

Transaction Types

  • Majority re-capitalizations
  • Corporate carve-outs
  • Minority investments
  • Co-investments alongside other investment firms

Financial Characteristics

  • EBITDA positive to $50M in EBITDA

Add-ons

  • Customized or made-to-order products
  • Renovation Brands: Home improvement and building products companies selling direct
  • Guild Brands: Companies selling artist-made products
  • Boutique Brands: Female apparel brands enabling commerce through social media platforms