The lower middle market is the largest segment of the North American economy and the least served by professional private equity. We built our firm specifically to operate in it.
Baby boomer business owners in construction and trades are approaching retirement with no succession plan and no institutional buyer. Traditional PE firms won't look below $20M EBITDA. Banks won't finance transitions without collateral that most working trades businesses don't have.
That gap is where Front Line Capital operates. We target businesses generating $2M–$20M in revenue with strong operational fundamentals, an owner ready for transition, and a team that can run the business after close.
Large enough to have real operations and financial history. Small enough that most professional buyers aren't looking.
Drilling, blasting, civil, mechanical, HVAC, specialty contracting. Work that can't be automated or offshored.
We're the right buyer for founders who want a fair exit, continuity for their team, and a genuine next chapter for the business.
We know this market. Expanding into broader Ontario and select US markets as the portfolio grows.
We meet owners before they're ready to sell. Most deals start from conversations years earlier.
Thorough operational and financial diligence. We look for what's real, not what looks good in a deck.
Fair valuation, staff retention packages, clear transition timelines. No surprises at the table.
Financial systems, KPIs, and operational dashboards deployed in the first 90 days. No waiting.
New customers, improved margins, a business that can run on its own and grow beyond its founder.
We don't buy in auctions. We build relationships and only proceed when the fit is genuine for both sides.
Before any significant capital moves, reporting is installed. No surprises after close.
100% workforce retention through acquisitions. The team is the business.
Every company should run without its founder within 18 months. Systems create value and resilience.
Performance bonuses tied to real job-level data. Alignment at every level of the business.
Not a 5-year flip fund. We build to last and exit on our terms, not a fund cycle's terms.
If you're a construction or trades business owner thinking about a transition in the next 1–5 years, we want to start the conversation now.