Our Investment Focus
Carroll Capital invests in lower middle market companies with attractive business model characteristics and strong growth prospects.
What We Look For
Size Criteria
- EBITDA up to $20M
- Enterprise Value up to $250M
- Preference for majority control
- Flexibility on size for add-on investments
Business Model Characteristics
- High value-added product or service offering
- Mission critical to customers
- Recurring or reoccurring revenue
- Best-in-class provider in market niche or local market
Growth-oriented Portfolio
- Significant growth potential
- Large, fragmented markets
- Attractive industry tailwinds
Our Preferred Sectors
Industrial Technology
- Test, inspection, certification
- Sensors, controls, automation
- Flavors & ingredients
- Advanced materials
- Specialty instruments & components
- Coatings and adhesives
- Specialty chemicals
Industrial & Business Services
- Value-added distribution (municipal water and wastewater)
- Elevator service & maintenance
- Facilities services (security, HVAC, fire)
- Industrial maintenance
- Lab and medical equipment services
- Water treatment services
Health Care
- Pediatric autism therapy
- Speech, occupational, physical therapy
- Specialty components & materials
- Tech-enabled health care services
- Medical device manufacturing
- Medical, lab, and pharma consumables