The NEP Performance Engine™ finds and fuels what’s working.
Our value creation framework aims to combine resources and solutions custom-tuned to leverage wins, navigate challenges, and help successful companies achieve greater results. Our team of functional and industry veteran executives work closely with our family of portfolio companies. They act as advisors, consultants, and strategic thought partners to help companies drive growth, increase performance, fine tune operational excellence, develop strategy, and build out organization capabilities.
What We Look For
Preferred Investment Criteria
- $10-50M EBITDA
- Opportunity for $75-175M equity check
- First time institutional capital
- North American headquarters
Company Attributes
- Leading market position in its industry niche
- Exceptional customer relationships
- Proven sustainable cash flow
- Performance Engine™ framework fit
Target Industry Sectors
Business Services
Business services companies that provide solutions to essential operating functions led by a scalable and efficient delivery model.
Core Focus Areas
- Technology Services (IT MSPs, VARs, channel partners)
- Tech-Enabled BPO
- Property & Facility Services
- Transportation & Logistics
- Professional & Workforce Services
Why business services
- Recurring operational needs best handled with an outsourced solution
- Increasing complexity and talent constraints drive durable outsourcing tailwinds
- Fragmented market with multiple levers of value creation: pricing, operations, systems and M&A
What we look for
- Essential services embedded in customer workflows with high switching costs
- High cost of failure and clear value proposition
- Scalable delivery model with margin expansion and add-on M&A runway
Consumer
Differentiated consumer platforms where repeat demand, brand trust, and operating discipline – not trends or fads – drive durable value creation.
Core Focus Areas
- Outdoor, Recreation and Enthusiast Platforms
- Designer-Led Home & Interior Brands
- Fitness & Wellness Services Platforms
- Other B2B Models
Why consumer
- Predictable, repeat demand with long-term growth visibility
- Premium positioning and real differentiation support pricing power and margin durability
- Attractive unit economics with room to scale profitably
- Large, fragmented categories reward disciplined platform builders
What we look for
- Repeat or replenishment-driven demand
- Loyal customer bases rooted in trust, performance, or technical differentiation
- Disciplined distribution where margins can be preserved
- Fragmented markets with platform and add-on potential
Industrials
Execution-driven industrial platforms serving essential, recurring operating needs.
Core Focus Areas
- Installed Base, Consumable Products
- Specialty Materials & Chemicals
- Design-Oriented Building Products
- Essential Commercial Services
Why industrials
- Non-discretionary services and products drives foundational demand from which to build from (NEP Performance Engine)
- Deep experience with niche businesses – we prioritize fundamentals and growth prospects, not secular trends
- Fragmented markets favor execution and platform scale
What we look for
- Operationally-embedded demand with wear-based replacement or service cycles
- High cost of failure but low-cost relative to overall system risk
- Regulatory or compliance mandates underpinning demand
- Capital-efficient models with technical or process differentiation and clear levers to scale
Creative Capital
Each investment is unique. We design capital structures that create value for all stakeholders. We have deep experience in buyouts, recaps, growth financings, and ESOPs, we provide efficient tax structures, ready access to capital for acquisitions.
