Convex Investing, LLCA search fund with entrepreneurial energy, operational expertise, and dedicated investment capital.
Convex is actively searching to acquire a privately held business from an owner seeking full or partial liquidity. Our acquisition structure is highly flexible, but we require a controlling interest. The business must be profitable, with predictable cash flows and located in the United States. The business should satisfy most of the following criteria:
- $2.0MM to $7.0MM of EBITDA
- 15%+ operating margin
- Low capital expenditures and working capital requirements
- Recurring revenue model
- Scalable business
- Diverse customer base with high retention rates
- Growing industry
- High barriers to entry
- Large and fragmented industry landscape
The Convex Advantage
Convex works in partnership with sellers to structure transactions that best meet the seller’s ambitions, lifestyle and estate planning needs. Convex will move quickly to close a transaction and resolve issues that arise when considering a change in ownership.
We are entrepreneurs – not financial buyers, nor a large corporation. Convex’s operating team brings management and financial experience along with sound, tested leadership skills. The management team will be actively running the business’s day-to-day operations and have a vested interest in the company’s success.
Convex understands that good businesses are the result of hard work and commitment to its employees. We believe that maintaining strong relationships with existing management teams and employees is critical for long-term success.
Chris Biedrzycki is the Founder and Managing Partner of Convex Investing, LLC, where he runs the firm’s sourcing and acquisition operations. Upon acqusition, Chris will join the management team of the acquired business and assume the duties of managing the day-to-day operations of the company.
Chris is an entrepreneur, investor, and business operator with 7 years of professional experience. Mr. Biedrzycki served as Managing Director for Gen Next, Inc., co-founded SeventhWing, LLC, analyzed and underwrote mezzanine investments with Newstone Capital Partners, and excelled in Eaton Corporation’s General Management Leadership Development Program. He earned his B.S. in Mechanical Engineering from Northwestern University and his M.B.A. from Harvard Business School.
Jim Southern is a founding director of Pacific Lake Partners. His portfolio includes more than 50 search funds. Previously, Mr. Southern was himself a beneficiary of search fund investors early in his career. His first search resulted in the acquisition of Uniform Printing, a $43 million printer of specialty insurance documents, where he served as its CEO and chairman for 10 years. Investor returns from distributions and exit exceeded 30x the acquisition capital. Mr. Southern holds a M.B.A. from Harvard Business School.
Coley Andrews is a founding partner of Pacific Lake Partners. Since co-founding Pacific Lake, Mr. Andrews has invested in over 25 search funds. He is currently a director of Out of Home America and a board visitor at Vector Disease Control, Alphacredit, Yoforia, Yates & Associates, Arizona College and Raptor Technologies. Mr. Andrews holds a M.B.A. from Stanford University’s Graduate School of Business and a B.A. from Dartmouth College.
Jeff Stevens has 20 years of experience structuring, operating and investing in search fund companies. He has managed three funded searches during the period from 1990-2005, each one culminating in the acquisition of a lower middle market company. Mr. Stevens received his Bachelor of Arts and M.B.A. from Stanford University. He is a member of the Board of Directors of Advanced Network Solutions, Developerprogram.com, KGHP, Recruit Military, and Sage Data Security.
Joel Peterson is the Founding Partner of Peterson Partners. Joel has a long history of successful growth capital investments in a variety of industries. He currently teaches Entrepreneurial Management at Stanford’s Graduate School of Business, serves as Director of the Stanford GSB Center for Leadership Development and Research, is Chairman of JetBlue Airways, and serves as a Director of Franklin Covey as well as Ladder Capital. He served formerly as Managing Partner of Trammell Crow Company. He holds a M.B.A. from Harvard Business School.
Dan Peterson is a Partner and Chief Administrative Officer at Peterson Partners. Prior to joining the firm, he was a Partner with Peterson Ventures, and prior to that, Managing Director at Z Capital. He has invested in small, growing companies in a wide range of industries, including high-tech, automotive, training and financial services. Dan was previously a Partner at Trammell Crow Company, and received a M.B.A. from Harvard Business School.
Brandon Cope is a Partner at Peterson Partners. Prior to joining Peterson Partners, Brandon was a Partner at Peterson Ventures. Before Peterson Ventures, he was a Engagement Manager for McKinsey and Company. Brandon received a M.B.A. from The Kellogg School of Management and M.S. and B.S. degrees in Accounting from Brigham Young University.
Aaron Gabbart is a Vice President at Peterson Ventures. Prior to joining Peterson Ventures, Aaron was the CEO of BenefitGuard, a venture-backed startup offering a no-nonsense 401(k) to SMBs. Prior to joining BenefitGuard, Aaron was a financial economist at the U.S. Treasury in Washington DC. Aaron received a M.B.A. and B.S. from Brigham Young University, and serves on the board of the BYU Men’s Soccer Program.
- Richard Augustyn
- Thomas Cassutt
- Bret Comolli
- Robert Dahl
- Jim Ellis
- David Lazier
- Tim Ludwig
- Gerald Risk
- Kevin Taweel
- A. J. Wasserstein
- Kent Weaver
- Andrew M Hunter III
Mr. Augustyn has been a successful entrepreneur and accomplished investor for more than 20 years. His investment activity focuses on backing talented entrepreneurs who are strong leaders and creative thinkers and to help them achieve exceptional results. He currently serves on the board of several high-growth companies. His early business success landed him a spot among the Forty Under 40, a program that honors young men and women who have made outstanding contributions to their fields.
Mr. Weaver has personally invested in over 40 acquisitions sourced and managed by search fund entrepreneurs. He is currently a board member at VRI, Discovery Outsourcing, Data Fusion Technologies, Onesource Water, Integra Partners, and Healthwyse.
Industries of Interest
Aerospace & Defense
Oil & Gas Services
Consumer Healthcare Services
Health & Wellness
Trade Show Services
Trade Association Management
For more information about Convex Investing, LLC or to discuss a specific opportunity, please contact:
Chris Biedrzycki (310) 993-4297 firstname.lastname@example.org
We work closely with intermediaries and pay industry standard finder’s fees for your deal referrals. We welcome your ideas and look forward to working with you.