Why “throughline”
A throughline is the connecting thread that runs through a story and makes it coherent. In a business, it's the operating logic that explains why customers come back, why employees stay, and why the company makes money. We buy businesses with a real throughline and operate them to keep that throughline intact.
How we operate post-close
We don’t roll up. We don’t gut overhead. We don't impose templates that worked at a different company. Most businesses we acquire spend years finding what works; our job is to protect that and add capital and operational support where it helps. Owners stay involved as long as makes sense. Sometimes through a transition, sometimes long term as minority partners. We're flexible about structure and explicit about intent.
From first contact to close
Week 1: Initial review. We sign an NDA, review a CIM or summary, and give a yes/no on whether to proceed. Most opportunities get a decisive answer in five business days or less.
Weeks 2-3: IOI. If we proceed, we issue a non-binding indication of interest with evaluation range and structure. We don't anchor low and re-trade later; the IOI reflects our actual view.
Weeks 3-6: LOI and diligence. Once an IOI is accepted, we issue an LOI and begin diligence. We use a senior team, not a junior associate. Diligence is thorough, but not punishing.
Weeks 6-10: Close. Definitive documents, financing, regulatory clearance if needed, close. We've structured to close cleanly and on the timeline we commit to.
Confidentiality matters more to us than self-promotion. We don't publish a portfolio, list past investments, or name the businesses we own. Sellers can ask for references during diligence. Brokers can ask anytime. We'd rather earn trust through how we conduct ourselves than through what we list on a website.