Acquisition History / Search Funds / 2023
Search Fund Acquisitions in 2023
35 publicly known companies acquired by search funds in 2023.
- 11SEO Digital Agencyacquired by Skyharbor Capital Partners · Business Services · United StatesWe could not find public reporting on how ESP's 2023 investment in 1SEO Digital Agency was put together. The ESP partner listing names John Shoaf (Skyharbor Capital Partners, Columbia) as CEO, but no public source we found confirms that name or fund in connection with 1SEO; the 2026 coverage names BJ Bergey as CEO. The seller, sourcing, price and financing for the original deal are not publicly di
- 2360 Smart Networksacquired by 129 Growth Partners · Business Services · United StatesNo public reporting was found describing how 129 Growth Partners (Terrance Story, HBS) or ESP acquired 360 Smart Networks in 2023. What can be said: 360 Smart Networks is a Roswell, Georgia managed IT services provider founded in 2002. Third-party directories list Plexus Capital (and, per CB Insights, SNH Capital Partners) as investors, but these listings could not be reconciled with the ESP page
- 3Amix (Amix Levante)acquired by Axias Partners · Healthcare / nutrition · SpainSports-nutrition products company Backed by Beka Alpha Search Funds, Istria Capital. Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- 4Amix Levanteacquired by Axias Partners · Sports nutrition distribution · SpainDistributor of the Amix sports-nutrition brand (supplements for athletes and sports clubs), Valencia region Backed by Promax Capital Investments, JB46, Istria Capital, ALZA Capital Partners, Atiud Capital Center, Beka Alpha Search Funds, Moonbase Capital. Registry (empresia.es/empresa/amix-levante/) shows Axias Search Partners SL as sole shareholder from 14 Sep 2023. Source: https://www.promaxcapitalinvestments.com/search-funds-variable
- 5Auto-Maticacquired by Aretê Management & Capital Partners · Automotive services · SpainMadrid automatic-transmission maintenance and repair specialist; ~EUR5M revenue, ~20% EBITDA Backed by Cabiedes, SFClub, Vonzeo Capital. Source: https://searchfundsnews.com/arete-management-capital-partners-acquired-the-spanish-firm-auto-matic/
- 6Avesta Ketamine & Wellnessacquired by Founder Focused Capital · Healthcare Providers · United StatesLittle about this deal is public. Deborah Tan, a Harvard Business School MBA who runs the search fund Founder Focused Capital (managing partner since October 2021 per her LinkedIn), is co-CEO of Avesta Ketamine & Wellness, a ketamine infusion clinic group in the Washington DC area. Avesta was founded in 2018 by Dr. Ladan Eshkevari, a nurse anesthetist and former Georgetown professor, who is still
- 7BelleVie Wellness & Medical Aestheticsacquired by Azalea Growth Partners · Healthcare Providers · United StatesVery little about this acquisition is public. Olivia Utt, a Wharton MBA per ESP's partner listing, runs the search fund Azalea Growth Partners and is shown as CEO of Belle Vie Wellness & Medical Aesthetics, a medical spa group with locations in Cerritos and Costa Mesa, California offering injectables, skin resurfacing and body-shaping treatments. Crunchbase lists nurse practitioner Janell Ocampo a
- 8Big Box Storage LLCacquired by Glass Lake Holdings · Consumer Services · United StatesGlass Lake Holdings, a holding company led by Zack Perry and Brian Vanderheyden (ESP's partner listing shows both as co-CEOs of Big Box), bought Big Box Storage, a San Diego portable storage and delivery company founded in 2003. The sellers were co-founders Brian and Rita Hurley. The sale was run by investment bank SDR Ventures as exclusive sell-side advisor; Brian Hurley said that after a broad p
- 9BroadPeak Partnersacquired by Blue Glass Capital · Software · United StatesToby Kearn, a former ExxonMobil employee who ran its petroleum hedging program and a London Business School graduate per ESP's listing, bought BroadPeak Partners in August 2023, about two years after starting his search. BroadPeak, founded in 2007 by Gordon Allott, sells a no-code software platform that integrates data for commodity trading firms. Pacific Lake Partners announced the deal on Octobe
- 10Canadian Industrial Pumps Ltd.acquired by 302 Capital Partners (per ESP Partners page and Searcher Insights listing; unverified) · Distribution · United StatesCanadian Industrial Pumps, a Surrey, British Columbia seller and servicer of centrifugal, submersible and positive displacement pumps founded in 2000, is led by CEO Troy Minogue, CFA. ESP's Partners page ties Minogue to the search fund 302 Capital Partners, and a Searcher Insights page lists the company as a successful search fund deal under that name. A separate November 2024 LinkedIn announcemen
- 11CatchAll Environmentalacquired by Fairview Succession LLC (Tacoma, Washington; formed 2021 to invest in water and waste services, per Axial) · Business Services · United StatesFairview Succession, a Tacoma, Washington search fund formed in 2021 to invest in water and waste services, acquired CatchAll Environmental in 2023, according to its Axial profile. CatchAll, founded in 2010 and also in Tacoma, does stormwater drainage maintenance such as pipe jetting, storm filter cleaning, pond remediation and video inspection, and PitchBook counts about 19 employees. Fairview po
- 12Dental Ibéricaacquired by Almond Capital · Dental distribution · SpainDental materials distributor, 35,000 SKUs, ~9,000 clients; EUR20M sales, ~EUR2M EBITDA Backed by Nzyme. Source: https://searchfundsnews.com/sf-almond-capital-relies-on-nzyme-to-acquire-dental-iberica/
- 13ElderTreeacquired by Bolivar Progress Partners · Healthcare Providers · United StatesCare management solutions for older adults
- 14Elk Analyticsacquired by Alma Capital Partners · Information Technology · United StatesMonitoring, Detecting & Responding to Critical Cyber Threats
- 15Fasten Sistemasacquired by Surca Capital · Industrial · SpainIndustrial fastening systems Source: https://blog.zriveapp.com/p/como-llegar-a-ceo-antes-de-los-35
- 16Foster Heating and Coolingacquired by 302 Capital Partners · Business Services · United StatesResidential and commercial HVAC services
- 17Industrias del Bierzo (IBSA)acquired by Antesala Capital · Food manufacturing · SpainCaramelised products and preserves for HORECA (add-on to Cropsalsa) Backed by Beka Alpha Search Funds, ONEtoONE Asset Management. Source: https://searchfundsnews.com/beka-alpha-search-funds-has-invested-in-6-spanish-smes-in-less-than-2-years/
- 18LabSharesacquired by Philip Borden · Life Sciences Shared Lab Space · United StatesAcquired by Philip Borden with backing from Pacific Lake Partners
- 19Leaseiracquired by Nobis Capital · Medical devices · SpainGijon-based designer and manufacturer of high-power diode laser hair-removal devices for aesthetic and medical use; sold to Mesia 523 Asset Management SL in Dec 2025 per registry (empresia.es/empresa/leaseir-technologies/) Backed by Moonbase Capital, JB46, Relay Investments, Istria Capital, Promax Capital Investments. Source: https://moonbasecapital.com/from-search-to-acquisition-how-nobis-capital-secured-leaseir-and-began-a-new-chapter/
- 20Leaseir Medical Lightacquired by Nobis Capital · Medical devices · SpainGijón designer/manufacturer of laser hair-removal medical devices Backed by Moonbase Capital, Istria Capital, Relay Investments. Source: https://moonbasecapital.com/from-search-to-acquisition-how-nobis-capital-secured-leaseir-and-began-a-new-chapter/
- 21Libnovaacquired by Arcadio Investments · Software · SpainGlobal leader in digital-preservation software, present in 20 countries Backed by Arada Capital Partners, Relay Investments. Source: https://capital-riesgo.es/en/articles/arcadio-capital-respaldada-entre-otros-por-arada-capital-compra-la-tecnol-gica-espa-ola-libnova/
- 22Mudshareacquired by Lionfield Capital LLC · Software · United StatesMarketing technology company that specializes in Peer-to-Peer Texting
- 23North Valley Pediatric Therapyacquired by People First Capital LLC · Healthcare Providers · United StatesProvider of a full scope of therapy services to children and adolescents
- 24Novas & Maracquired by Verus Inversiones · Food distribution · SpainFood distribution Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- 25Out of the Box Technology LLCacquired by CrestLake Partners · Business Services · United StatesProvider of bookkeeping services specializing in QuickBooks data integrations
- 26Pelvic Health Solutionsacquired by Nine Oaks Partners LLC · Healthcare Providers · United StatesProvider of medical treatment for pelvic floor conditions
- 27Provis (ProviSport)acquired by Aqua Capital Partners · Software · SpainGym and sports-facility access-control and management software, 1,400+ centres Backed by Promax Capital Investments, JB46, MAYRIT Capital Partners. Source: https://www.promaxcapitalinvestments.com/search-funds-variable
- 28ProviSportacquired by Aqua Capital Partners · Software · SpainSoftware Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- 29Rafe Demolicionesacquired by J Capital Partners · Construction · SpainDemolition / construction services Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- 30Safetop Innovative Protectionacquired by Luceiro Capital · Industrial safety · SpainIndustrial fall-protection / PPE manufacturer Backed by ALZA Capital Partners, Atiud Capital Center, Tres Coronas Capital. Source: https://luceirocapital.com/en/noticias/legaldealmaker240323.html
- 31Seysesacquired by Albion Capital · Engineering services · SpainSpanish engineering multinational focused on O&M of PV and wind assets Backed by Atiud Capital Center, Juan Luis Manaute, Novadvice (NovEtA), Novastone Capital Advisors, Novastone Capital Advisors (NCA). Source: https://www.creainversion.com/en/seyses-2023-04-01/
- 32TC Componentesacquired by Somontano Capital · Electronic components distribution · SpainElectronic components distributor Source: https://searchfundsnews.com/spain-surpasses-75-sf-acquisitions-and-is-on-track-to-reach-100-by-the-end-of-2027/
- 33Therapy Group of Tucsonacquired by People First Capital LLC · Healthcare Providers · United StatesProvider of medically-based speech, occupational, and ABA therapy services
- 34TodoExtintor and Seguretat SM Alcarràsacquired by Versa Capital · Fire safety · SpainFire-equipment manufacturer (EUR8M sales) and gas-extinguishing services firm (EUR1.5M) Backed by ALZA Capital Partners, Alza Capital Partners, Cabiesa Capital, Ethos Search Capital, Istria Capital, Novidam, Sentinel, Tres Coronas Capital. Source: https://searchfundsnews.com/versa-capital-completes-its-search-process-with-the-acquisition-of-todoextintor-and-seguretat-sm-alcarras/
- 35Westisle Heating and Coolingacquired by 302 Capital Partners · Business Services · United StatesResidential and commercial HVAC services