Operator-led independent sponsor based in Chicago. We put our personal capital behind every deal alongside aligned capital partners to acquire B2B businesses serving institutional customers.
There is no fund and no exit timeline. Just patient capital, hands-on partnership, and a commitment to strengthen what you've built. We hold indefinitely, selling only when it's clearly right for the business and the team.
These are companies that operate without much fanfare, serve customers who depend on them, and have been built over decades by owners who care where they land. That's exactly what we're looking for.
We target B2B businesses in the Great Lakes Midwest and beyond: food manufacturing, specialty manufacturing and printing, B2B distribution in technical or regulated verticals, and B2B service businesses.
Target: Up to $2M adjusted EBITDA, $3M–$10M revenue, owner-operator succession or management partnership opportunities.
Your client has an owner-operator succession opportunity. Strong business, good team, needs long-term partner.
You've built something valuable. You're ready to step into the next stage of your life. You want the right partner.
Whether you're actively thinking about the future of your business or just starting to ask the question, we're open to connecting. No obligation, no timeline pressure. Just a conversation about what you've built and where you want to take it.
Copyright © The Waterbear Group - All Rights Reserved