Investment Focus & Thesis

Crescent Capital targets companies with enterprise values typically between $50 million and $500 million. The firm seeks businesses with strong market positions and clear pathways to value creation: Investment Range Equity investments of $15M-$75M in companies with enterprise values typically ranging from $50M-$500M. Stage Focus Control and significant minority investments in growth-stage and established lower middle-market companies. Business Services — IT services, professional services, and outsourced business processes with recurring revenue characteristics Healthcare Services — Healthcare services, medical practices, and healthcare IT companies addressing growing market needs Industrial Services — Industrial maintenance, facility services, and specialty services companies Consumer Services — Franchise systems, consumer services, and education services companies Financial Services — Insurance services, financial advisory, and specialty finance companies

Recent Investment Activity

Crescent Capital has maintained active investment in the lower middle market, partnering with management teams to build lasting businesses. The firm's patient capital and collaborative approach make it an ideal partner for entrepreneur-led companies. Company Sector Investment Theme Year Business Services Platform Business Services Growth Equity 2024 Healthcare Services Network Healthcare Services Control Buyout 2024 Industrial Services Company Industrial Services Growth Equity 2023 Consumer Services Platform Consumer Services Control Buyout 2023 Crescent's value creation approach emphasizes partnership with management teams, providing strategic guidance and operational support while respecting the entrepreneurial spirit that made each business successful.

Notable Portfolio Companies

Crescent Capital has built a portfolio of market-leading companies in the lower middle market, demonstrating their ability to partner with management teams to create significant value: Business Services Leaders Companies providing critical outsourced services to enterprise customers, often with strong recurring revenue characteristics and long-term contracts. Healthcare Services Platforms Companies providing healthcare services, from primary care to specialty services, addressing the growing demand for quality healthcare delivery. Industrial Service Companies Businesses providing critical industrial services, including maintenance, repair, and specialty services to manufacturing and infrastructure customers. Crescent Capital's value creation strategy includes providing strategic guidance, supporting acquisitions, and helping portfolio companies professionalize their operations while maintaining the entrepreneurial culture that drives innovation.

What Crescent Capital Looks For

Crescent Capital evaluates opportunities based on several key criteria that indicate a company's potential for growth and value creation: Strong market position — Companies with defensible competitive advantages, including established customer relationships and operational excellence Recurring revenue model — Businesses with recurring revenue characteristics, long-term contracts, or franchise-like economics Growth potential — Companies operating in markets with favorable trends and clear opportunities for expansion Proven management team — Leadership with the skills to scale operations while maintaining customer focus Value creation opportunity — Clear pathways to enhance value through operational improvements, acquisitions, or market expansion }> Pro Tip Crescent Capital values partnerships with management teams and entrepreneurial founders. Be prepared to discuss your vision for growth and how their capital and resources can help you achieve your goals.

How to Connect With Crescent Capital

Approaching Crescent Capital requires demonstrating both financial performance and growth potential: 1 Demonstrate Business Model Strength Quantify your recurring revenue characteristics through metrics like contract renewal rates, customer lifetime value, and revenue concentration. Show evidence of business model sustainability. 2 Prepare Financial Infrastructure Ensure clean financials with EBITDA of $5M+. Be prepared for thorough due diligence, including customer reference calls and operational assessments. 3 Articulate Growth Vision Develop a clear thesis for how Crescent's partnership can accelerate growth. Identify specific initiatives, acquisitions, or market expansions that could drive value. 4 Build Relationships Leverage professional advisors, industry associations, and mutual connections to get introduced. Crescent values relationships with management teams they know and trust.

The Value of Professional Financial Infrastructure

Companies seeking PE investment from lower middle market firms like Crescent Capital must demonstrate solid financial infrastructure: Financial Preparation • Clean financial statements • EBITDA optimization • Financial reporting upgrade • Due diligence data room • Working capital analysis Operational Metrics • Customer metrics • Contract analysis • Operational efficiency • Growth modeling • Key performance indicators }> How Eagle Rock Helps We help lower middle market companies prepare for PE investment by building professional financial infrastructure. Our fractional CFO services ensure you're ready for due diligence with clean financials, robust reporting, and strategic insights that make your business attractive to investors like Crescent Capital.

Frequently Asked Questions