Investment Criteria & Strategy
Silvermine’s strategy is to employ a thematic investment approach, seeking to leverage our experience investing in the lower middle-market, our industry expertise and our expansive network of operating executives and industry experts.
Silvermine seeks to partner with founders and management teams of lower middle-market companies that meet most of the following characteristics:
Industry: healthcare and business services
Geography: North America
Ownership: first round of institutional capital
Financial Characteristics: $1 million - $10 million of EBITDA; three years of stable or growing financial performance
Structure: strong preference for control positions through majority recap or management-led buyout transactions; prudent use of leverage
Selected Focus Sectors
Silvermine targets large, fragmented sectors that are ripe for a buy-and-build growth strategy.
The industries below represent selected target sectors that are of interest to Silvermine. We are open to evaluating any deal in healthcare or business services outside of these sectors on an opportunistic basis.
Healthcare Services
Behavioral and mental healthcare (e.g., addiction treatment, psych services, etc.)
Developmental support services (e.g., autism treatment, IDD, etc.)
Healthcare staffing
Home and alternate site infusion
In-home care (personal care, skilled HH, hospice)
Multi-site providers (e.g., med spa, vet, urgent care, PT, dental, etc.)
Outsourced payor services (e.g., cost containment, benefit management)
Pediatric services (therapy, mental/behavioral care, etc.)
Post-acute services
Revenue cycle management
Business Services
Education services
Financial services
Governance, risk, and compliance
Human capital services
Insurance services
IT services
Need-based repair services (e.g., HVAC, foundation repair, roofing, pest control, restoration, elevator, etc.)
Testing, inspection and certification