A search fund built by entrepreneurs for entrepreneurs.
We founded Spruce Grove Capital with the mission to invest, operate, and accelerate growth for a single business.
We offer a unique exit plan for owner-operators. We'll work with you to develop a custom-tailored transition plan; whether you want to continue with the business, completely exit, or transition over time, we have you covered.
We want to build on the very things that make your business unique–the people, the culture, and the customers–to preserve and grow your life's work.
If this sounds like a fit, get in touch!
Common reasons to sell your business
You've bootstrapped your business and your kids won't be taking over.
You've tried to grow the business, but aren't seeing the results. It's time to move on.
You've identified product-market fit, but don't want to dedicate the time to the venture.
Focus
We're searching for an easy-to-understand, service-based business that generates $5M+ in recurring revenue. We're looking for a company with the following characteristics:
- Minimum EBITDA of $1M
- >15% EBITDA margin
- Low customer concentration
- > 5% industry growth
- >1B market size
- Low capital intensity
Team
Co-founder & Managing partner
Co-founder & Managing partner
Investors
We're backed by CEOs, entrepreneurs, and institutional investors who have a proven track-record investing and growing service-based businesses.
- Aspect Investors
- Endurance Search Partners
- Maven Equity Partners
- The Cambria Group
- TTCER Partners
- Vonzeo Capital
- Alex Gelman
- Brad Brown
- Bill & Mark Egan
- Craig & Matt Burr
- Glen Silvestri
- Josh Lebrun
- Kent Weaver
- Mario Nigro
- Sally Daub
- Stephan Uhrenbacher
- Steve Lau
- Rameez Ansari