Private equity · Indianapolis · Since 2006
We partner with founders and families who've built something real in the Midwest, and help them take it further: better teams, smarter systems, and the right acquisitions, without losing what made it work.
- Raised across three funds
- Platform and add-on investments
- Years investing from Indianapolis
- Of our deals are a founder's first outside capital
Our approach
Most of our partners have never taken outside capital before. They want a partner who's done this forty times and still treats their company like the only one.
- 01
We keep what's working
Your name stays on the door, your people stay in their seats, and the culture that got you here is the asset we're buying.
- 02
We build the bench
A CFO, a head of operations, a real board. The roles a founder can't fill alone, hired in the first year.
- 03
We buy well
Add-on acquisitions in your niche, sourced by us and integrated by people who've done it before. Thirty-one so far.
- 04
We plan the next chapter
From day one we agree on what a great outcome looks like for you, your family and your team, and we work back from it.
For business owners
Move the sliders and pick what fits. It takes ten seconds, and it's the same first screen we run on every company.
Sector
Situation
Headquarters
First screen
- RevenueIn range
- EBITDAIn range
- SectorA sector we know well
- SituationFounder or family succession
- RegionOur backyard
Right in our wheelhouse.
This looks like the companies we know best. A partner would like to hear your story.
Portfolio
Founder- and family-owned businesses across the Midwest. Filter by sector or status, and open any company for its story.
Case study · Kessler Fluid Systems · 2016–2021
Kessler made excellent pumps and had no plan for the next generation. Over five years we hired a CFO and a COO, bought three competitors the founders already respected, and opened service in the South. The family kept a stake and a seat on the board through the sale.
- Hold
- 5.2 years
- Employees
- 118 → 341
- Gross multiple
- 2.9x
EBITDA, entry to exit
Entry EBITDA
Organic growth
Three add-ons
Operations
Exit EBITDA
Illustrative figures for a fictional company.
Recent exits
Tap a card for what happened.
Team
- ME
Margaret Ellison
Managing Partner
Co-founded Aldermoor in 2006. Before that, a decade in middle-market lending in Chicago.
- DO
David Okafor
Partner
Leads industrial investments. Former plant manager; still visits every factory floor himself.
- CW
Claire Whitfield
Partner
Leads healthcare services. Built and sold a physical therapy group before joining.
- TB
Tom Brandt
Partner, Operations
Runs the operating team: CFO searches, systems, and the first hundred days.
- PR
Priya Raman
Principal
Sources new partnerships and runs add-on acquisitions.
- LH
Luke Harmon
Vice President
Covers business services and food. Grew up in his family's grocery business.
Capital account statements, quarterly letters, capital calls and tax documents, in one secure place.
Owners, advisors and intermediaries: tell us about the company. A partner reads every message and replies within two business days.