Investment Criteria
Our Approach
BlackView invests in U.S. middle-market companies with revenue of $50M–$350M. For established and growth-oriented businesses, we generally target companies with EBITDA of $5M or more. Through our Strategic Opportunities strategy, we also consider special situations and turnaround investments that may fall outside our standard profitability criteria, including businesses undergoing operational, financial (negative EBITDA) or strategic transformation.
Investment Parameters
Revenue
$50M – $350M
Flexibility above or below based on situation and strategic fit.
EBITDA
$5M+
Turnarounds considered where a credible path to profitability exists within 24 months.
Geography
United States
Primary focus on U.S.-based businesses. International operations considered where the core business is U.S.-domiciled.
Equity Investment
$20M – $150M
Flexibility to invest more or less based on situation. Co-investment available for larger transactions.
Transaction Types
Control & Structured
Buyouts, recapitalizations, carve-outs, growth equity and structured capital. Minority positions considered in select situations.
Situation Types
BlackView does not limit itself to a single type of investment situation. We pursue opportunities across the V.A.S.T.™ framework — wherever our combination of capital, operating capability and strategic judgment creates a differentiated path to value.
Established Businesses
Companies with durable market positions, strong underlying fundamentals and identifiable opportunities for operational improvement and growth.
Growth Situations
Businesses with demonstrated traction and a clear path to scale — where capital and operating capability can accelerate the trajectory.
Special Situations
Complex, dislocated or nontraditional transactions — carve-outs, corporate divestitures, structured capital — where complexity creates opportunity.
Turnarounds
Businesses requiring operational transformation, financial restructuring or strategic redirection — where deep operating involvement creates a path to recovery and value creation.
Sector Focus
BlackView is sector-agnostic. We invest across industries where our operating capabilities are relevant and where the V.A.S.T.™ framework identifies a compelling opportunity. We have particular sector experience in Communication Services, Healthcare, Industrials, Information Technology, Financials, Materials, and Financials.
Communication Services
Healthcare
Industrials
Information Technology
Materials
Financials
Submit an Opportunity
If you have a business or transaction that fits our investment criteria, we welcome the conversation. We respond to all submissions.
Submit an Investment Opportunity ›Investment parameters at a glance.
- Revenue
- $50 million to $350 million, with flexibility above or below
- EBITDA
- $5 million and above
- Turnarounds
- Negative EBITDA considered where a credible path to profitability exists within 24 months
- Geography
- United States
- Ownership
- Control and minority positions
- Sectors
- Information Technology, Health Care, Materials, Financials, Industrials, Communication Services, Utilities
- Situations
- Established businesses, growth situations, founder and family-owned companies, corporate carve-outs, special situations, turnarounds, complex transactions, add-on acquisitions
BlackView considers situations outside these parameters where the opportunity is compelling. Submit an opportunity through the Contact page.
Common questions.
What size companies does BlackView Capital Advisors invest in?
BlackView invests in U.S. companies with $50 million to $350 million in revenue and $5 million or more in EBITDA, with flexibility above or below that range where the situation warrants.
What sectors does BlackView Capital Advisors invest in?
BlackView is a generalist investor across seven sectors: information technology, health care, materials, financials, industrials, communication services, and utilities. The firm's thesis is situation-driven rather than sector-driven.
Does BlackView Capital Advisors invest in turnarounds or distressed businesses?
Yes. BlackView will consider businesses with negative EBITDA where a credible path to profitability exists within 24 months, and pursues special situations, turnarounds, recapitalizations and companies affected by operational or financial disruption.
Does BlackView Capital Advisors acquire control positions or minority stakes?
Both. BlackView acquires control positions through its private equity strategy and makes minority and structured investments with meaningful influence through its growth strategy.
Where does BlackView Capital Advisors invest?
BlackView invests in companies with operations primarily in the United States.
Does BlackView Capital Advisors buy corporate carve-outs?
Yes. Corporate carve-outs are a core transaction type, and BlackView's Operating Team supports carve-out planning, standalone cost structure design and transition execution.
What is V.A.S.T.?
V.A.S.T. is BlackView's proprietary investment framework — Value, Active Control, Special Situations and Turnaround — four lenses for identifying where underlying value, ownership dynamics, complexity or transformation potential create opportunity. Learn about the V.A.S.T. framework.
What is C.O.S.T.?
C.O.S.T. is BlackView's diligence and value-creation framework, organizing Capital, Operations, Strategy and Technology into a single system used to grade potential investments and to structure the operating agenda after close. Learn about the C.O.S.T. framework.
What is B.O.A.R.D.?
B.O.A.R.D. is BlackView's governance framework — Best Practices, Operating Cadence, Accountability, Risk Management and Develop Talent — the mechanism that holds a value creation plan in place at board and executive level. Learn about the B.O.A.R.D. framework.
How does BlackView Capital Advisors work with management teams after an investment?
BlackView's Operating Team engages from diligence through exit, working alongside management rather than replacing it. The value creation plan is agreed with management, and the Operating Team is accountable for the same outcomes as the investment team. Learn about the BlackView Operating Team.
How do I submit a company or an opportunity to BlackView Capital Advisors?
Business owners, executives and transaction intermediaries can submit opportunities through the Contact page, which routes inquiries by type.