Strategy
Investment Strategy
We buy good businesses at reasonable valuations and make them better. Our strategy is underpinned by an operationally focused team with over 120 years of combined experience across key sectors including private equity, investment banking, management consulting, government, and the military. This extensive background, enriched by direct involvement in senior White House policy roles and advisory capacities to government clients, forms the cornerstone of our targeted focus and investment philosophy. Our principals’ firsthand experiences in national-level strategy and service with end users enable us to underwrite growth plans with unparalleled insight and leverage a network that significantly aids in execution. We understand the hands-on support required to achieve outsized returns in the lower middle market and pride ourselves on our ability to relate to management teams and their core issues.
Key Criteria
- Fully diluted majority ownership in US and Canadian-domiciled companies
- $5 to $30+ million of EBITDA (platforms)
- Long-term contracts with strong backlog and visibility
- Predictable base business with compelling growth potential
- Clear, executable, and strategically aligned value creation opportunities
- Exceptional, dedicated team with a partnership philosophy
Process for Subsector Conviction
We use our structured process to identify the most attractive ADGS subsectors, then leverage the Windage network to build inroads.
Representative Focus Areas
Aerospace
- Space systems & services
- Unmanned & aviation components
- Aviation services
Defense
- Maritime components & systems
- Naval MRO & shipbuilding support
- Intelligence
Government Services
- Critical infrastructure services
- Disaster relief
- IT services & cyber
Business Attributes
- Sole source or highly differentiated solution set
- Customer and/or program diversification
- History of consistent cash generation
- Predictable demand drivers
- Tech-enabled
- Competitive barriers to entry
Value Creation
Windage Partners is not merely an investor; we are a strategic ally, operationally focused and deeply invested in the success of our portfolio companies. Our intimate understanding of target markets, seasoned advisory on procurement and contract management, and proficiency in navigating government sales channels underscore our unique positioning. As stewards of the companies we partner with, we are dedicated to leveraging our comprehensive resources, deep sector expertise, and strategic insights to drive operational excellence and sustainable growth.