The lower middle market is full of good businesses held back by leadership gaps, informal systems and cultures that have never had institutional support. We believe the largest opportunity here is not financial engineering. It is patient, hands-on transformation of companies that are sound at the core.
FishCurrent Capital acquires these companies and rebuilds them from the inside out, at the level of leadership, culture, systems and strategy. We hold ourselves to a simple standard: every company should be measurably better, and its people better cared for, than before we owned it.
Six phases applied in a deliberate order. Four clear away the root causes of underperformance before two build the new operating foundation, so the change lasts.
Our FishCurrent Access Council is a vetted bench of experienced executives who step in to lead each company and hold meaningful equity in its results.
We build trust with owners over time through our deal sourcing platform, Zatlas, so many conversations start well before a company is for sale.
Diagnose what is really driving performance before changing anything.
Remove the organizational structures built on those root causes.
Make sure the old way of working cannot simply grow back.
Move authority and rewards toward the work and the customer.
Install reporting, controls and rhythms on cleared ground.
Plant a culture and leadership pipeline that compound on their own.
Revenue of $10M to $75M and EBITDA of $2M to $15M, with consistent cash flow and a loyal customer base.
A defensible position in its market and a clear opportunity to improve how the company is run.
Owners who weigh their employees, customers and the company's future alongside price.
Founded FishCurrent Capital. Leads strategy, capital and investor relationships. Previously held senior solutions engineering roles at Uber, DoorDash and Yelp.
Runs firm operations and deal management, and oversees portfolio execution after close. Previously an Ads Strategist at Google.
Leads financial diligence, deal structuring and financial governance. Previously at Amazon in supply chain and disruption management. MBA, International Business and Tax Law.
Owns M&A operations from origination through close. Brings a background in real estate acquisition and investment.
Full biographies for the principals are on the FCIG Holdings leadership page.
FCIG Holdings, LLC is the operating platform of FishCurrent Capital, focused on the companies that build, operate, protect and power industrial infrastructure.
FishCurrent Capital, LLC, San Diego, California. This page is provided for general information only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security or investment product. Descriptions of strategy and target criteria are not a representation of current holdings, and no assurance is given that any transaction will be completed.