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Investment Criteria

Slack Water Capital provides equity gap funding to entrepreneurs, independent sponsors, and self-funded searchers in control buyouts of small and medium-sized businesses. We are seeking to invest in businesses and entrepreneurs featuring a combination of the following characteristics:

Building Cleaning Service


  • Mature, stable, and growing

  • Relatively simple product or service

  • Low risk of technological obsolescence

  • Primarily non-cyclical demand

  • Highly fragmented with opportunities for consolidation

  • Example industries of interest include: 

    • Home services

    • Facilities services

    • Skilled trades

    • Professional services

    • Value-added distribution

    • Specialty manufacturing.

US Flag


  • U.S.-based businesses in states or regions with favorable trends:

    • Growing population

    • Ease of doing business

    • Attractive tax environment

    • Availability of high-quality employees

  • Non U.S.-based businesses located in countries with:

    • Developed rule of law

    • Stable political environment

    • Stable taxation and fiscal policies

    • Stable currency



  • Market leader or pathway market-leadership

  • High level of recurring or re-occurring revenue

  • Limited level of project-based or one-time revenue

  • History of growth and profitability

  • Opportunities for growth and operational improvement

  • Low level of capital and working capital intensity

  • No material customer or supplier concentration

  • Strong management team and no key person risk 

  • EBITDA of approximately $500,000 - $5,000,000

  • Fair purchase price and transaction structure

Confident Businessman

Operating Partner

  • History of academic, professional, and personal achievement

  • Highly motivated, passionate, energetic, persistent, and humble

  • Strong analytical and financial acumen 

  • Excellent communication skills and ability to build rapport with people from diverse backgrounds

  • “All-in” mentality with a significant personal investment and/or personal guarantee of acquisition debt financing

  • Will manage the business full-time as their sole professional focus

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Start a Conversation

We seek to build collaborative relationships with searchers and future operating partners early in the search process. However, we are always open to looking at deals already under a Letter of Intent ("LOI") with entrepreneurs that we don’t have an existing relationship with.

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