What We Do

Investment Values

OnCourse Capital typically invests $.5 million to $10 million of equity capital in deals that fit all or most of the guidelines listed below. When desirable transactions require larger amounts of equity, we partner with other like-minded investors.

Financial Performance

Annual sales between $.5 million and $100 million.
Annual EBITDA above $.5 million.
Historical pattern of revenue growth.
Minimum 1 year of positive cash flow.

Transaction Types

Acquisitions of 100% or a majority interest when the current stakeholders have decided its time to transition control of the business for retirements, growth, or both.

Mergers to combine two or more separate businesses into one legal entity to reduce costs, expand product offerings, or reduce competition with the goal of creating a single more profitable business, while fulfilling the short and long term goals of the stakeholders.

Recapitalization where the stakeholders desire to take cash out while continuing to retain some ownership and management responsibility. OnCourse Capital will help grow the company and create further value allowing the stakeholder to cash in at a later time.

Management Buyouts when an existing management team wishes to buy out retiring or absentee owners. In this type of transaction, the management team will invest personal funds for an equity stake, and OnCourse Capital will provide the balance of the capital and allow management the ability to earn additional equity through performance and time-based incentives.

To Business Owners

We realize that selling your business is an emotional process that requires a great deal of thought and introspection. We have sold businesses ourselves and know the stress that can ensue as you move through the process of finding the most appropriate buyer or investor. Allowing OnCourse Capital an opportunity to learn about your business is viewed as an honor, and we take it very seriously. As such, we will commit to you the following:

Complete Confidentiality

We typically sign traditional non-disclosure agreements and treat all discussions in the strictest of confidence. We understand the turmoil that can result with employees or competitors as a result of breaches of confidence and will do our utmost to assure complete discretion.

Complete Honesty

We are hoping you will be honest with us as you expose us to your business. We think it is only fair to be honest with you in how we think about the business or potential transaction.

Fast Turnaround

Our commitment is to make an informed, speedy decision about whether we should invest in your company. With a small number of decision makers, our process is efficient and does not get bogged down waiting for large investment committees to reach a consensus.

Complete Integrity & Respect

We sincerely believe our most important asset is our reputation and will do whatever it takes to maintain it. That means treating you and your management team with respect and ensuring that we always fulfill our commitments.

To Intermediaries

OnCourse Capital appreciates the role an intermediary can play in the sale or recapitalization of a business. We rely heavily on intermediaries for opportunities to view businesses for sale, as well as for assistance in occasionally selling our own investments. This is why we recognize the value intermediaries bring to the deal process.

Our guidelines in regard to intermediaries:

We will give you a very fast response on new opportunities (our goal is two-weeks or less).

We will be professional in our approach to your client and respectful of your time.

We will keep you informed as we progress through the due diligence process.

We will only issue Letters of Intent in situations where we are confident that we can close the transaction. We have never been in a situation where we could not close a transaction due to our inability to get financing.