Investment Criteria
Thurston’s companies are driven by the motivation and inspiration of our founding partners. Thurston’s job isn’t to invest in the right companies, it is to find and invest with the right partner, and support them to drive growth and greatness.
When assessing new partnership opportunities, Thurston Group is geographically agnostic and attracted to fragmented industries in compelling healthcare and business services subsectors with a specific focus on healthcare management services organizations (MSO) and dental specialty support organizations (SSO).
Company and Investment Size
We traditionally identify companies with $1-20M in EBITDA (can be smaller for add-ons) and infuse equity as a financial investment to jumpstart growth.
Company Characteristics
We look for historical profitability and growth, a sustainable competitive position, a management team committed to longevity and partnership, favorable growth opportunities in fragmented sectors.
Use of Capital
We invest capital into our partner companies often to facilitate ownership transitions, management buyouts, or corporate divestitures.
Investment Structure
We invest in companies who are open to flexible ownership models and have management teams willing to invest alongside us to achieve optimal growth.