what is Carnyx?
Carnyx is a private market investment firm that actively invests in lower middle market businesses and infrastructure assets. The firm takes a hands-on approach revolving around forming partnerships with exceptional businesses and offering an array of resources to support their transformation into thriving, long-term enterprises. With a mission to unlock exceptional opportunities and create lasting value, Carnyx offers our investment partners a unique and tailored approach to these types of private market investments.
Integrity ● Innovation ● Impact ● Independence
Why Partner with Carnyx?
Opportunistic and Agnostic
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Carnyx functions like an independent sponsor and can invest in any attractive opportunity
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We have the ability to partner with management teams whose growth and execution can be enhanced by a financial partner
Experienced Team
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Our management team has completed billions of dollars in transaction volume
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We have experience across investment, asset management, financial advisory, and operations
Operationally Minded
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Carnyx complements strong management teams by providing hands-on support, access to industry partners, and cutting-edge technology
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We are continually building our network of industry and operating professionals to drive better outcomes
Origination Experts
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We have deep experience sourcing deals and managing origination teams
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Our technology-forward mindset helps to optimize sourcing efficiency
Flexible Investors
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We raise capital on a deal-by-deal basis and can match each deal with the most suitable investors
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Our diversified network of investors allows for flexibility in capital structures and investment horizon
Value Oriented
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Our honesty and transparency are the foundation of our long-term partnerships
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We look to build long-term relationships with the aim of building a long-lasting investment firm
Investment Criteria
Financial Criteria
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Revenue: $5 million to $50 million
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EBITDA: $2 million to $8 million
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EBITDA Margin: >10%
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History of stable, positive cash flows
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Attractive EBITDA to free cash flow conversion
Business Criteria
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Recurring revenue streams
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Motivated seller
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Strong middle management
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Diversified customer and supplier base
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Identifiable growth opportunities
Targeted Industries
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Utility Services
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Road Services
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Environmental Services
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Outsourced Business Services
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Other Specialized Maintenance and Repair
Industry Criteria
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Growing industry with strong tailwinds
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Mission critical product or service
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Large, highly fragmented market
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Low regulatory and technological risks
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Barriers to entry