Our Strategy is simple.  We focus on opportunities where the collective talents of our team can be applied to maximize the long-term value of the business. We actively pursue both owner-operated companies and non-core corporate divisions (being divested). JDC is particularly interested in investment opportunities where the current owner is interested in retiring or where there is a need to add key senior executives to advance the business.

Investment opportunities are gathered from traditional intermediaries, our extensive advisory network, and through proprietary situations.  Although our investment evaluation and due diligence systems follow traditional private equity practices, we also consider a candidate’s fit with our management-centric and growth-oriented investment philosophy.   Size, market position, current management, ownership positions, ongoing operating strategy and growth potential are all evaluated to determine whether we are the right partners to facilitate the acquisition candidate’s transition. 

Investment Criteria

J. Devien Capital’s investment team seeks out opportunities that satisfy a majority of the following:

Profitability:  Minimum of $4 million in earnings before interest, taxes, and depreciation (EBITDA); EBITDA margins of 15% or higher; consistent profitability over the past 3 years.

Management:  Senior management seeking to exit or the potential to place outstanding external management into owner-operator role; strong, experienced and motivated middle management team.

Company Profile:  Owner-managed companies and/or non-core corporate divisions with strong market positions characterized by loyal customers, pricing power, and recurring revenue streams; low, ongoing capital expenditure requirements; diverse customer base with high retention rates.

Industry Profile:  Fragmented, niche, and growing industries, including commercial and consumer service companies; well defined opportunities for growth and value creation; minimal exposure to risk from technological obsolescence, regulatory shifts, and environmental liabilities.

Geography:  While we primarily focus on the southeastern region of the United States, we also consider a small number of opportunities throughout the U.S.
 
JDC’s Role & Ownership:  Majority ownership; selective significant minority positions; active board participation; lead role in all transactions.