A Third Way for Succession
Your kids don't want it. Private equity isn't the right fit.
We offer a Third Way for business owners thinking about succession.
How We Support Our Business Owners
Board Governance
Board Governance
We provide experienced leadership and ensure strategic decisions align with long-term goals. Our focus is on strengthening oversight, promoting transparency, and fostering sustainable growth, all while maintaining the company’s values and culture.
Strategic Growth
Strategic Growth
Whether expanding market reach, enhancing operational efficiency, or exploring new revenue streams, we bring the expertise and resources needed to propel the business forward and maximize its potential.
Succession Planning
Succession Planning
We assist business owners in developing a clear, thoughtful succession strategy that safeguards the future of the company and its people, while preparing the next generation of leaders to carry the business legacy forward.
We back searchers raising a traditional search fund
We are active investors looking to work closely with our searchers, and targeting between 10% and 20% ownership stakes in their funds and follow-on acquisitions.
How We Support Our Searchers
Words from our Searchers
“I started my private equity career at Gestalt Capital as an Analyst, where I built the skillset and confidence to pursue my own search fund. I’m grateful to have Gestalt as partners in my search and look forward to continuing to work together. The team is thoughtful, responsive, and genuinely great people.”
Brandon Cooper, Zone 3 Capital
“Gestalt Capital has been a true partner in every sense — deeply engaged, thoughtful, and genuinely invested in my journey. Gestalt’s team is a rare mix of intelligence, experience, and humility. Their mentorship has guided me through both the strategic decisions and the human challenges of the search, and I’m grateful to have them in my corner.”
Ilia Lotov, Kaizen X Capital
“Working with Gestalt Capital has been an exceptional experience because they are true partners. They are responsive, engaged, and consistently ready to help with the many facets of the search process, which makes them an invaluable part of my journey.”
Carmen Sebro, Summit Revere Capital
“The team at Gestalt is responsive, insightful, and consistently supportive, bringing both expertise and warmth to the process. They anticipate challenges, celebrate milestones, and provide guidance that makes the journey clearer and more rewarding.”
Omar Garcia Ramirez, TEO Capital Partners
“Gestalt Capital has been incredibly thoughtful, hands-on, and genuinely invested in our journey. They’ve gone beyond just capital — offering sharp insights, steady support, and a real commitment to seeing us win.”
Joseph Papin, Suncoast Search Capital
“Gestalt’s thoughtful guidance and genuine commitment to both the person and the process set them apart as more than just capital providers. They are true long-term partners and trusted friends throughout this experience.”
Darko Kajevik, Quærite Capital
“Gestalt Capital has been a great supporter of our search. They have been responsive and proactive in helping us throughout the process. We are thrilled to have them as investors and partners.”
Parsa Samavati and Sorabh Dutta, Rumi Capital Partners
Key Deal Metrics
Investment Size
$50k-$100k search
$750k-$1.5M
on acquisition
EBITDA
$1M-$5M
Industry Agnostic
Across North America
Target Ownership
10%-20%
Exit Timeline
5-7 Years
We buy businesses in the lower-middle market, and help searchers do the same.
Business Owners
We acquire majority stakes in $5M-$10M EBITDA businesses. We are long-term partners looking to hold for life.
We work closely with you on the key challenges of your business over the next decade: growth, strategic positioning, and succession planning.
Businesses We Own
North Star Dining
Alongside our partners at Jigsaw Capital and Clear North Capital, we purchased 18 Five Guys locations in Minneapolis & St. Paul and 17 locations in Orlando. As big fans of the brand, we are excited to help grow Five Guys across the nation, while maintaining what makes it incredible.
CDS Foods
In mid-2024, we partnered with CDS Foods Inc., a Montreal-based leader of specialty produce imports in Canada. We are working alongside existing ownership to strategically grow the business.
Undisclosed
In late 2023, we finalized our first partnership with a mature and industry leading Ontario professional services brand, acquiring a majority stake in the company. Today, we are helping previous ownership grow the business both within Ontario and across Canada.
Traditional Searchers
We acquire minority stakes (10%-20%) in traditional search funds and their follow-on acquisitions.
We work closely with our searchers on deal flow, diligence, deal structuring, and operational success.
Search Funds We've Backed
Aguad Capital Partners
In Q2 of 2026, Gestalt backed Aguad Capital Partners founded by Juan Pablo Aguad.
8th Wing Partners
In Q1 of 2026, Gestalt backed 8th Wing Partners founded by Zachary Lewis and Tom Lacey.
Pinestone Capital
In Q1 of 2026, Gestalt backed Pinestone Capital founded by Austin Porter.
Zone 3 Capital
In Q1 of 2026, Gestalt backed Zone 3 Capital founded by Brandon Cooper.
Kaizen X Capital
In Q4 of 2025, Gestalt backed Kaizen X Capital founded by Ilia Lotov.
Cesares
Summit Revere Capital
In Q3 of 2025, Gestalt backed Summit Revere Capital founded by Carmen Sebro.
Cesares
TEO Capital Partners
In Q3 of 2025, Gestalt backed TEO Capital Partners founded by Omar Garcia Ramirez.
Cesares
Quaerite Capital
In Q2 of 2025, Gestalt backed Quaerite Capital, a New York -based search fund founded by Darko Kajevik.
Cesares
Suncoast Search Capital
In Q2 of 2025, Gestalt backed Suncoast Search Capital, a Florida-based search fund founded by Joseph Papin.
Cesares
Rumi Capital
At the beginning of 2025, Gestalt backed Rumi Capital, a Calgary-based search fund. It is co-led by Parsa Samavati and Sorabh Dutta.
Undisclosed
Currently in stealth mode, Gestalt backed this partnered search in Q1 of 2025.
Portfolio
