Partner With Operators Who Deliver Operational Alpha

Our unique approach combines proprietary deal flow with proven operational expertise to create multiple paths to value creation in the lower middle market.

The Amalgam Capital Investment Advantage

Traditional private equity relies heavily on financial engineering, multiple expansion, and market timing. Amalgam creates value differently – through tangible operational improvements and strategic growth initiatives that reduce risk and enhance returns regardless of market conditions.

Why Limited Partners & Co-Investors Choose Amalgam

1

Proprietary Deal Access

Our reputation as operators-first investors and our SLKone consulting heritage gives us access to opportunities that never reach broad auction processes:

Direct Owner Relationships

Founders and family business owners seek us out based on our operational credibility and approach to legacy preservation.

Advisor Network

Our partners' decades of consulting and industry leadership have built relationships with accountants, attorneys, and other advisors who make private introductions.

Specialized Intermediary Access

Investment bankers and business brokers prioritize our opportunities, knowing we provide quick decisions, fair valuations, and reliable closings.

Measurable Advantage:

Over 70% of our deal opportunities come through proprietary channels or limited processes, reducing competition and allowing for more reasonable entry valuations.

2

Superior Due Diligence & Risk Management

Our operational background allows us to identify both risks and opportunities that financial buyers often miss:

Operational Insight

We can quickly assess production workflows, service delivery models, and organizational structures because we've managed them ourselves.

Industry-Specific Knowledge

Our team's experience across manufacturing, industrial services, healthcare, and technology enables a nuanced evaluation of competitive positioning.

Customer Relationship Evaluation

We recognize the difference between transactional customers and true strategic partnerships, accurately valuing this critical asset.

Measurable Advantage:

Our operational due diligence has identified value creation opportunities representing an average of 250-400 basis points of EBITDA improvement not captured in conventional financial models.

3

Multiple Value Creation Levers

We don't depend on market multiples expanding or excessive leverage to generate returns. Our playbook includes:

  • Operational Efficiency: Applying proven methodologies to optimize production flows, supply chains, and resource utilization
  • Strategic Repositioning: Identifying adjacent markets, service extensions, or customer segment opportunities to accelerate growth
  • Technology Enhancement: Implementing appropriate digital tools to improve customer experience, operational visibility, and competitive advantage
  • Talent Development: Building management bench strength and organizational capabilities to support sustainable growth
  • Add-On Acquisitions: Executing strategic tuck-ins to expand geographic reach, service offerings, or customer relationships

Measurable Advantage:

Our portfolio companies have achieved an average 30% EBITDA improvement through operational initiatives alone within 24 months of acquisition.

4

Rapid Post-Acquisition Execution

We don't spend months developing a value-creation plan after closing. We hit the ground running:

  • Pre-Close Planning: We develop detailed 100-day and 12-month operational improvement roadmaps before acquisition
  • SLKone Resources: We deploy specialized expertise from our sister consulting firm to accelerate high-priority initiatives
  • Hands-On Implementation: Our partners directly engage in implementing critical improvements alongside management teams

Measurable Advantage:

Portfolio companies typically achieve their first significant operational milestone within 60 days of acquisition, creating immediate momentum and value.

5

Aligned Interests & Transparent Partnership

We structure our relationships to ensure perfect alignment with our capital partners:

  • Meaningful Principal Investment: We commit significant personal capital to each transaction
  • Performance-Based Economics: Our compensation is overwhelmingly tied to investment performance, not fees
  • Deal-by-Deal Transparency: Our independent sponsor approach allows co-investors to evaluate each opportunity on its own merits
  • Ongoing Visibility: Regular, candid updates on both progress and challenges within portfolio companies

Measurable Advantage:

Our model has resulted in 100% repeat investment from capital partners across multiple transactions.

Case Study: MechanAir Value Creation

Our partnership with Delos Capital to form MechanAir exemplifies our approach to delivering superior investor outcomes:

Acquisition Strategy

  • Identified fragmented mechanical services sector with strong recurring revenue potential
  • Acquired two regional leaders (State Mechanical Services and Hampton Roads Mechanical) at attractive valuations
  • Created platform with immediate scale and complementary capabilities

Operational Improvements

  • Implemented shared estimating technology improving bid accuracy by 15%
  • Standardized safety programs reducing incidents by 40% and insurance costs by 22%
  • Optimized procurement across entities, generating 7% materials cost savings

Strategic Growth Initiatives

  • Launched 24/7 emergency service capability, creating new revenue stream
  • Expanded preventative maintenance offering, building predictable recurring revenue
  • Developed cross-selling program for complementary services

Financial Results

  • 27% revenue growth in first 12 months
  • 320 basis point improvement in EBITDA margin
  • Positioned for strategic add-on acquisitions at favorable multiples

Our Investment Parameters

$25-300M

Enterprise Value

$25-250M

Revenue

$5-30M

EBITDA

$10-50M

Equity Investment per Platform

North America

Geography

Industrial Services

Manufacturing, Distribution, Healthcare, Tech-Enabled

4-7 Years

Typical Holding Period

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Learn more about our current investment opportunities and co-investment structures designed for institutional partners.

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