Investments

Project Spotless is a healthcare environmental services business providing specialized cleaning services to hospitals and health systems, led by independent sponsor Mike Samek of Vetta Growth Partners. The company operates across 15 states with highly recurring revenue and long-standing customer relationships, with growth focused on professionalizing the platform and expanding through tuck-in acquisitions.

Project Cable is a specialty fiber cabling contractor providing design, installation, maintenance, and repair services across inside-plant and outside-plant fiber networks. The business benefits from recurring maintenance work layered on top of project-based installs, and its end-to-end service model makes it sticky with customers like municipalities, utilities, universities, and enterprises. Growth is tied to geographic expansion and continued data center build activity rather than aggressive pricing or financial engineering.Sponsor:

Project Diamond is an Indiana-based specialty concrete cutting, sawing and drilling contractor serving highway and infrastructure projects, led by independent sponsor Sequoya Borgman of Borgman Capital. The business has a strong position in its local market, with demand supported by ongoing road and bridge maintenance.

Project TrueNorth is a global fleet telematics and AI-enabled fleet management platform, led by independent sponsor James Zubok of Respida Capital Partners. The business provides recurring software solutions that help fleets manage operations, compliance and vehicle performance.

Project Commodore is a Pennsylvania-based railroad materials recovery and services business, led by independent sponsor Rick Apple of Upside Growth Partners. The company specializes in recovering, processing and selling railroad materials, while also providing on-track services to rail operators.

Project Michigan is a Michigan-based underground utility contractor serving infrastructure and municipal end markets, led by independent sponsor Stenning Schueppert of Evolution Strategy Partners.

Project Waste is a rural and secondary-market waste services platform led by independent sponsor Chandos Mahon of Castle Capital. The platform focuses on acquiring and scaling family-owned waste businesses in Tier 3 and 4 markets through operational improvements and tuck-in acquisitions.

Project Omar is a Texas-based, tech-enabled imaging services platform providing bundled teleradiology, radiology staffing, and equipment rental and repair services to freestanding ERs, hospitals, and urgent care centers.

Project Home is a California-based provider of non-medical home healthcare services, supporting individuals who need assistance with daily living while remaining in their homes.

Project Atlas is a trucking and distribution business providing climate-controlled transportation and cold storage services across the southwestern US. The company supports temperature-sensitive supply chains through a combination of refrigerated logistics and storage infrastructure.

Guideboat Capital Partners, led by Mike Sutton, has acquired Project Cost, a cost-reduction consulting firm that helps businesses lower recurring operational expenses through shared-savings audits across utilities, telecom, waste, and more. Founded in 1991, Project Cost operates a scalable, asset-light franchisor model and benefits from a large, durable TAM. Minds Capital is an equity investor in the deal, building on our long-standing relationship with Mike through prior partnerships.

LP First Capital, led by independent sponsor Thomas Ince, has acquired Icon Project Rewind, a Michigan-based rapid-response home restoration business specializing in fire, water, mold, and storm damage. Icon is a strong platform in a large, fragmented sector, known for seamless insurance coordination and high-quality emergency work. Minds Capital is an equity investor in the deal, which LP First specifically opened to us to begin a long-term partnership.

Alpine Crest Capital, a privately held investment firm with an entrepreneurial, long-term approach, recently closed a majority investment in Project Dawn. This is a nationally recognized, innovative healthcare company that provides convenient, affordable ultrasound screening services for the early detection of breast cancer. Minds Capital is an equity investor, and this opportunity was a referral by someone in our network.

Axo Equity, led by Ben Rollins and Daniel Bruton, recently closed a majority investment in Project Clip. This is an innovative eyewear technology company that develops AI-powered products to simplify the work of eye care professionals and serves customers across the optical industry. Minds Capital is an equity investor, and this opportunity was a referral by someone in our network.

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Breakwater Management and independent sponsor Jeff Goldstein, a seasoned executive and operator, recently closed a majority investment in Project Celsius. This is a nationally recognized, award-winning independent marketing agency that blends creative, digital, and multicultural capabilities into one full-service platform. Minds Capital is an equity investor, and this opportunity was a referral by someone in our network.

Newbury Franklin, led by Mark Anderegg, Kevin Brady, and Joe Graves, established Project Pet and completed the first set of acquisitions. Project Pet is a Nashville-based platform focused on acquiring and building pet resort businesses, aiming to become the most trusted pet services company in the US. Minds Capital is an equity investor, and this opportunity was sourced through one of Minds’ LPs.

Chris Kirsch, Ian Reynolds, and the team at Thesis Capital recapitalized Project Tropical, a market leading provider of uniform rental and laundry services across various industries, including healthcare, pharmaceuticals, and food and beverage. Sourced through one of Minds’ LPs.

Edgehill Management, led by Daniel Khazzam and Ben Rapaport, acquired Project Leo. Project Leo is a leading digital media network dedicated to connecting professionals across life science communities to accelerate research, development, and the application of innovations. Sourced through one of Minds’ LPs.

Level Capital Partners, led by Steven McGrath, acquired Project Apollo. Project Apollo is a SaaS solution for cafes and other retail to manage customer loyalty and online ordering. To grow EV, the plan is to focus BD on the US market and professionalize sales & marketing. Sourced through LCS, who did the QoE.

William Boffa, Darren Fultz, and the team at Willistown Capital acquired Project Grace, a leading provider of specific furniture to hospitality client. To grow EV, the plan is to complete add-on acquisitions (a major one closed shortly after the platform), drive cost synergies, and systemize business development to grow market share. Sourced through Minds’ website form.

Guideboat Capital Partners, led by Mike Sutton, closed on Project Christmas, a Christmas drive-through light show business with six parks throughout Texas. To grow EV, the plan is to add more parks, acquire adjacent holiday-themed business concepts, and mitigate seasonality by offering new concepts. Sourced through our general network.

Yan Vinarskiy has acquired Project Coating, a manufacturer of premium concrete floor coatings. Yan is an outstanding operator with deep vertical niche expertise,  and Floorguard is a trailblazer within a product group experiencing strong growth from increased mainstream adoption. Yan assembled an incredible governance team of industry experts and will be hands-on in taking Floorguard to the next level.

Bloom Equity, led by Bart Macdonald, recently closed a carve-out acquisition of Project Cyber, a global cyber security consulting and testing firm specializing in regulatory compliance, breach resilience, digital privacy, and penetration testing. The company operates across the UK, Ireland, Japan, and the US, serving primarily mid-market organizations with recurring regulatory needs in a rapidly growing sector.

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Jeff Reamer has completed the acquisition of Project Tourism, a Colorado-based digital marketing agency serving leading state, city, and regional tourism boards. With decades of industry experience and strong client relationships, Project Tourism is a highly strategic add-on that deepens the platform's presence in the $1.25B destination marketing ecosystem. Minds Capital is an equity investor in this transaction, which strengthens the combined platform and accelerates its path toward a market-leading position.