Conanicut Capital

Conanicut CapitalConanicut CapitalConanicut Capital
Home
Menu
  • Team
  • Portfolio

Conanicut Capital

Conanicut CapitalConanicut CapitalConanicut Capital
Home
Menu
  • Team
  • Portfolio
More
  • Home
  • Menu
    • Team
    • Portfolio
  • Home
  • Menu
    • Team
    • Portfolio

Conanicut Capital

Conanicut CapitalConanicut CapitalConanicut Capital

Conanicut Capital is a lower middle-market private equity firm backed by family offices and focused on the services sector 

Conanicut Capital

Conanicut CapitalConanicut CapitalConanicut Capital

Conanicut Capital is a lower middle-market private equity firm backed by family offices and focused on the services sector 

About Us

  • Conanicut Capital is a Boston-based lower middle-market private equity firm focused on the business services sector with backing from family offices.

  • Conanicut Capital focuses on being the first to partner with business owners and management teams of exceptional service-based companies to assist these companies in reaching their full potential with a particular interest in buy-and-build platform strategies.

Investment Strategy

Given its partnership backing and capital base, Conanicut Capital is able to be a patient and flexible financial partner to its portfolio companies. 

Conanicut Capital’s Investment Strategy is predicated on four major “legs of the stool” which include: 

  • Sector: focused on the Business Services Sector
  • Size: focused on companies between $2 and $10 million of EBITDA with a target minimum EBITDA margin of 10%
  • Capital: flexible, patient capital base
  • Value-Add/Partnership: target to be the first institutional investor; leverage network of Operating Partners; work collaboratively with management to develop post-close Strategic Plan; resolve any roadblocks to growth; build sustainable platform for the long-term

Investment Characteristics

Conanicut Capital’s mission is to source, acquire, and manage lower-middle market private equity investments, targeting opportunities for control and growth equity positions in companies with $2 to $10 million of EBITDA primarily located in the United States. 

Preferred investment criteria for potential targets include the following: 

  • Business services sub-sectors that demonstrate a specialized, necessary outsourced service with identified areas of growth
  • Opportunity to partner with high-quality business owners and management teams 
  • Opportunity to leverage network of Operating Partners in relevant sub-sectors
  • Companies that demonstrate predictable earnings, high levels of recurring revenue and free cash flow conversion, and defensible market positions
  • Companies that appreciate the longer-term approach to partnership and growth

Within the Business Services Sector, select sub-sectors of interest include, among others:

  • Tech-Enabled Services
  • HCM
  • Outsourced Services
  • BPO
  • Environmental & Engineering Services

Team

Jared B. Paquette, Managing Partner

Mr. Paquette is the founding, managing partner of Conanicut Capital. Conanicut Capital is a lower middle-market private equity firm focused on the business services sector with backing from family offices. Prior to founding Conanicut Capital, Mr. Paquette was a senior investment professional at Bunker Hill Capital, a lower middle-market private equity firm based in Boston and San Diego, for ten years where he sourced, executed, and managed private equity investments. Mr. Paquette was formerly a member of the board of Taos Mountain LLC, Rizing LLC, Dyno LLC, and ASPEQ Heating Group LLC. Previously, Mr. Paquette was an investment professional at Nautic Partners ($4.2B AUM) and Weston Presidio ($3.3B AUM) where he focused on investing in middle market companies in a broad range of industries. Mr. Paquette also worked as an associate in the mergers and acquisitions groups of RBC Capital Markets and Tucker Anthony. Mr. Paquette holds an AB from Bowdoin College and a MBA from the University of Chicago Booth School of Business. 

Ray Langton, Operating Partner

Jeff Lucchesi, Operating Partner

Ric Urrutia, Operating Partner

Scott Donaldson, Senior Advisor

Portfolio

Select Current Investments

Capstone Integrated Solutions LLC

www.capstone-is.com


Retail Process Engineering, LLC

www.rpesolutions.com

Select Prior Investments

Taos Mountain LLC

www.taos.com


Rizing LLC

www.rizing.com


Dyno, LLC


ASPEQ Heating Group

One-Page Executive Summary

Conanicut Capital (pdf)Download

Contact Us

Conanicut Capital

jared@conanicutcap.com (617) 285-6127

Get in Touch

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Cancel
  • Team
  • Portfolio

Conanicut Capital

Copyright © 2024 Conanicutcap - All Rights Reserved.

Powered by GoDaddy Website Builder