We devote significant time to deep proprietary research, allowing us to have strong viewpoints on industries before we even speak to companies. Below are select examples of our research.
Some of the industries we are currently proactively targeting are:
Youth enrichment and early childhood education
Golf cart and specialty vehicle dealers
Durable medical equipment suppliers and service organizations without direct Medicare relationship
Hospice
The “Office Equipment” Dealer industry has evolved, with leading players offering a technology services-oriented business model centered on Managed Print Services, an attractive recurring-revenue service offering.
IT Managed Services Providers (“MSPs”) and Cloud Services Providers (“CSPs”) are well positioned to continue to grow rapidly, driven by shifting technology stacks and greater demand for fully managed solutions.
MedSpa & Aesthetic Services
The MedSpa market is highly attractive for investment due to its alignment with long-term consumer preferences, recurring nature of services, and fragmented landscape
The car wash industry has become increasingly attractive for investment as the industry moves toward express formats and a membership-based recurring revenue model. While valuations have grown materially, the industry remains highly fragmented and offers attractive returns on capital for acquired units and de novo builds.
Convenience stores (“C-Stores”) operate in a steadily growing, recession-proof industry that continues to consolidate behind larger operators who can drive operational improvements.
Health and wellness is one of the major consumer movements of the last decade, and Fitness is a key component. Following an in-depth analysis, we identified gyms as one of the most attractive investment areas. This document outlines our view on the competitive landscape, business model attributes, and overall thesis that we invested behind through CR Fitness, one of our portfolio companies.
Bariatric Surgery Market
The rise in the rate of severe obesity in the US along with technological advancements are driving growth in the bariatric surgery and related areas of the severe weight loss industry.
Several secular industry trends are helping to drive growth of the market for ABA Therapy services, which help to treat autism in children and young adults. Along with industry fragmentation, this has created compelling opportunities for investment.