Thesis Capital
Location on request · Invests in US; North America · Website
Check size
🔒 $•• – $••Thesis
We invest in US-based, family-owned businesses in transition with $15-80M enterprise value and $3-25M in annual free cash flow. We bring patient capital, operational expertise, and long-term partnership mentality. Our favorite holding period is forever. We specialize in three partnership models: Legacy Transitions (60-100% acquisition for thoughtful handoffs), Growth Partnerships (51-80% acquisition for continued owner engagement), and Management Partnerships (support for operating leaders seeking autonomy). All partners have extensive operating experience as CEOs, Presidents, and Chairs. We invest with a 5-10+ year hold perspective, emphasizing stewardship, minimal leverage, and sustainable growth.
Likely not a fit for
We do not invest in commodity sectors, asset-heavy businesses, early-stage unprofitable companies, or highly leveraged transaction structures. We avoid businesses in decline, those requiring substantial R&D, rapidly changing or obsolete technology sectors. We do not work with sellers focused solely on maximizing check size or with short-term ownership mentality.
How they invest
- Lead or follow
- Usually leads
- Typical decision
- ~2 months
- Warm intro
- Preferred
- Involvement
- Takes a board seat
- Fund status
- Actively deploying
- Decision process
- Partnership vote
Partners & team
1 contact on file
e•••@th•••.com
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The Ridge is Ohio’s premier dual-diagnosis treatment center, providing luxury drug and alcohol rehab with a holistic approach to healing from substance use disorder. Located on a serene 51-acre campus, it offers tailored recovery programs, expert care, and a supportive environment for individuals seeking sobriety.
Cadillac Services Limited has been providing excavation and site development services in the greater St. John's area since 2003, evolving from a small snow-clearing contractor to a full-service company. They offer a range of services including water and sewer management, waste disposal, and site development.
NEMA Enclosures manufactures custom and standard electrical enclosures designed to meet project specifications, certifications, and deadlines. They specialize in low volume, high mix projects and offer a wide range of NEMA rated enclosures.
Zibtek is a leading custom software development company offering secure software development, IT staff augmentation, and more, with a focus on delivering industry-specific solutions across healthcare, finance, and education.
A job search platform focused on connecting healthcare professionals with job opportunities across Canada, offering personalized job matching and direct employer connections.
Capella provides unmatched product, AI, and software development to help technology directors and senior leadership address their business imperatives efficiently. They leverage a low code platform and a cohesive AI digital transformation team to deliver business software solutions.
Recent activity
- Sep 2025
The Ridge Ohio
Recapitalization · Lead
- Jan 2025
Cadillac Services
Recapitalization · Lead
- Aug 2024
NEMA Enclosures
Growth · Lead
- Jan 2021
Arkrise Business Solutions
Growth · Lead
- Jan 2019
OnCourse Software Suite
Growth · Lead
Thesis Capital in the news
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1 month ago
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2 months ago
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2 months ago
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2 months ago
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3 months ago
Discovery Alert
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4 months ago
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5 months ago
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ETIC secures €70m first close for fund
6 months ago
Capital Brief
Blue Owl says Australia a 'huge focus' as it defends its AI thesis
7 months ago
Rare Earth Exchanges
Saudi Arabia's $110B Mining Push Isn't About Mining - It's About Control
7 months ago
Yahoo Finance
Prospect Capital And Thesis Capital Partners Invests $18 Million in The Ridge
11 months ago
fortune.com
With Trump 2.0, the balance of power shifts from banks to Silicon Valley
Jan 2025
TMX Newsfile
BuildDirect Announces Grants of Stock Options and Engagement of Investor Relations Services Provider
Oct 2024
BDO UK
Five Trends Defining Private Equity in 2023
Oct 2023
TechCrunch
Future Positive Capital outs $57M fund to back European startups tackling world's 'most pressing problems'
May 2019
TMX Newsfile
FluroTech Ltd. Enters into an Investor Relations Agreement with Thesis Capital Inc.
Jun 2018
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