A complete list of search fund accelerators
Over the past six years accelerators have made an exciting, if at times controversial, splash on the search fund space. Since Search Fund Accelerator (SFA) introduced the concept in 2015, accelerators of search funds have taken various forms as the search fund model gains traction globally.
Most search fund accelerators are new, the average company on this list is only three years old, and it seems every few weeks someone approaches me with an idea to start a new accelerator. It will be interesting to watch this story unfold in the years to come.
If I’ve left your accelerator off this list, it wasn’t intentional. Please let me know, and I will add it.
BETA-i
Canada
BETA is the first Black-targeted search fund accelerator in Canada, a non-profit organization reshaping African-Canadian entrepreneurship. Instead of traditional start-ups, they focus on Entrepreneurship Through Acquisition (ETA), offering a systematic process for acquiring small-to-medium businesses with a higher probability of success. Their unique approach addresses root causes of challenges faced by Black entrepreneurs. Join us in redefining the narrative of African-Canadian business and explore the pathway to entrepreneurial success with BETA.
Broadtree Partners
United States
Led by Managing Director David Slenzak, Broadtree arrived in 2016, just a year after Search Fund Accelerator created the industry. Broadtree, however, took a different approach by raising capital deal-by-deal. Broadtree positions itself as a partner to the searcher, which is reflected in its economic structure. According to its website, it has completed at least 10 acquisitions at the time of this post.
The Brydon Group
United States
Brydon accelerates the careers of exceptional mid-career operators seeking to acquire and lead small businesses. With backgrounds in private equity, investment banking, and special operations, Brydon's founders provide a unique blend of financial acumen, operational expertise, and leadership development. They invest $10-20M of equity per platform, along with modest leverage, supporting add-on acquisitions and long-term growth. Brydon's CEO-in-Residence (CIR) program selects 6-8 executives annually, providing a higher salary and greater equity participation than typical private equity-backed CEO roles.
Brydon offers extensive support throughout the search and acquisition process, including sourcing, due diligence, and operating resources. They focus on software, business services, and healthcare services, among others. Over 30% of their CIRs/CEOs come from veteran and under-represented minority backgrounds. Brydon encourages CIRs to source deals in their preferred locations, fostering a mix of in-person and remote collaboration through training, cohort calls, and offsites.
DVG Partners
United States
Founded by Jeff Reamer in 2019, DVG Partners has a unique niche, seeking resilient, humble leaders with military backgrounds. A distinguished investment platform founded on the principles of Discipline, Values, and Grit—the very foundations of the Greatest Generation. With a strong conviction that small businesses are the bedrock of the US economy, DVG Partners is dedicated to unlocking economic growth and equity value. Born from the experience of military veterans, the founders sought a professional environment aligned with their values, offering impactful work, dynamic challenges, leadership opportunities, and the creation of tangible economic value.
GT Entrepreneurs
United States
Launched in 2017 and headed by President/Managing Director Jamie Van Buren, GT Entrepreneurs (GTE) has been a dedicated investor and mentor for aspiring CEOs. Going beyond the role of a mere capital resource, GTE is committed to enhancing the success of its search partners and operators. With a collective wealth of 100+ years of executive-level and management experience across the entire management team and investor network, GTE provides invaluable guidance. In this true partnership, GTE understands that its success is intricately tied to the success of its partners. The team is unwavering in its commitment to leveraging expertise and doing everything possible to guide partners toward positive outcomes.
Halstatt Legacy Partners
United States
Halstatt Legacy Partners (HLP) is a search fund accelerator providing 100% of the equity capital for acquisitions, plus senior debt financing. This unique approach allows entrepreneurs to focus on identifying and acquiring businesses. HLP seeks long-term partnerships with exceptional individuals, prioritizing alignment on entrepreneurial goals and leadership philosophies. Their selection process emphasizes communication, empathy, and a bias toward action.
HLP invests in US-based businesses, excluding real estate, high-risk innovation, "sin" industries, and those reliant on government contracts. They aim for decades-long ownership, prioritizing sustainable value creation. While specific acquisition numbers aren't publicly released, their commitment to long-term partnerships emphasizes quality over volume.
Japan Search Fund Accelerator
Japan
Noriko Shimazu created Japan Search Fund Accelerator (JaSFA) in 2018. According to the JaSFA website, it is currently supporting three searchers and has partnered with Yamaguchi Financial Group, as well as Nomura. Dedicated to introducing and popularizing the search fund model in Japan, JaSFA initiative employs media and lectures to reach the country's top elite. The mission extends beyond awareness-building, actively identifying searcher candidates, investing in them, and offering comprehensive post-investment support. This support encompasses guidance on search methodologies, networking for information on small and medium-sized enterprises, assistance in identifying companies and formulating growth strategies, support for financial considerations and scheme development, introductions to industry experts, and assistance for new company presidents. From company transformation to strategic consultation during operations, this initiative is committed to providing a holistic support system for entrepreneurial success.
Kingsway
United States
A publicly listed company since 2014, Kingway currently owns five warranty businesses and in 2020 launched a CEO Accelerator program that mirrors the search fund model. Kingsway is dedicated to compounding intrinsic value per share at high rates over the long term. Operating primarily in the extended warranty, asset management, and real estate sectors, Kingsway's lean holding company structure, based in Chicago, Illinois, emphasizes efficient operations and strategic capital allocation. The small holding company staff actively seeks attractive acquisitions and investment opportunities, entrusting operational decisions and strategic execution to the capable management teams within its subsidiaries.
Majority Search
United States
Founded by long-time search fund investor Tim Ludwig in early 2022, Majority Search Accelerator is a dynamic and forward-thinking program committed to supporting and elevating aspiring entrepreneurs. Focused on creating impactful opportunities in the business landscape, the accelerator serves as a catalyst for growth and success. Through strategic guidance, mentorship, and a network of industry experts, Majority Search Accelerator empowers its participants to navigate the challenges of business ownership and seize new heights in their entrepreneurial journey. With a dedication to fostering innovation and leadership, Majority Search Accelerator is at the forefront of shaping the future of business ventures.
NextGen Growth Partners
United States
Led by Brian O’Connor since 2016, NextGen Growth Partners is driven by the conviction that significant value lies within small businesses waiting to be unlocked. Recognizing the potential for a more efficient approach to acquiring and growing these businesses, the firm's inception marked the beginning of a transformative process. Initially capitalized by visionary investors and advisors, who contributed more than just capital by sharing networks, expertise, and invaluable guidance, NextGen Growth Partners has evolved into a dynamic entity with a solid investor base. Today, the firm maintains strong connections to the Booth and Kellogg communities and alumni bases in Chicago, emphasizing collaboration with the city's most talented business leaders.
Pursuant Capital
United States
Pursuant Capital emerges as a forward-looking entity dedicated to driving entrepreneurial success. Positioned at the intersection of strategic investment and business growth, Pursuant Capital is committed to supporting ventures that redefine industry landscapes. With a focus on providing not just capital but also expertise and invaluable guidance, Pursuant Capital stands as a catalyst for transformative business journeys. The firm's proactive approach and commitment to fostering innovation make Pursuant Capital a key player in shaping the trajectory of businesses on their path to sustained success.
Novastone Capital Advisors
Europe & United States
Launched in 2020 by Christian Malek out of Novastone Capital SA, a single family office in Switzerland, Novastone Capital Advisors (NCA) has had a rocketing start. Only a year old, NCA already has 13 people listed as its “core team” on the website, along with three active entrepreneurs. (Rumor has it there are another six or so on the way soon.) Novastone raises capital searcher-by-searcher and deal-by-deal, and the family office participates in each.
Regenerative Capital Group
Canada
This accelerator guides purpose-driven entrepreneurs in acquiring Canadian businesses. With a commitment to 'Regenerative Leadership', the group offers comprehensive support including finding suitable companies, providing acquisition capital, and delivering specialized leadership training. This approach aims to transition acquired companies towards enhanced value creation and societal impact. Regenerative Capital Group's experienced team, with over 20 years of acquisition experience and multiple high-value exits, is dedicated to fostering a regenerative economy in Canada, leveraging the significant opportunity presented by the anticipated retirement of 76% of Canadian business owners over the next decade and the lack of succession plans in 91% of these businesses.
Seqos
United Kingdom
A new entrant in 2022, Seqos offers a platform for searchers in the DACH region, dedicated to supporting exceptional entrepreneurial talent in acquiring and assuming the CEO role for small-to-medium-sized businesses. Recognizing the prevalent issue of succession in companies lacking a natural buyer, Seqos focuses on businesses with compelling products, strong market positions, and growth potential. Having witnessed the hurdles faced by talented operators aspiring to ownership, Seqos bridges the gap by providing MBI (Management Buy-In) candidates with essential financing, industry relationships, and knowledge needed to acquire and drive value creation within a company. The firm actively participates in the financing of acquisitions, leveraging additional capital from longstanding relationships with like-minded investors experienced in relevant industries. Seqos emerges as a strategic partner facilitating successful business transitions and fostering growth in the dynamic landscape of small-to-medium-sized enterprises.
Search Fund Accelerator
United States
The brainchild of Timothy Bovard, Search Fund Accelerator (SFA) is the original accelerator of search funds. All others were created after its launch in 2015. Each year SFA launches a cohort of searchers who conduct their search out of SFA’s offices in Boston and New Orleans. SFA then provides 100% of the search capital and equity capital requirement for each acquisition. According to its website, SFA has now successfully completed 15 acquisitions.
Second Squared
Australia
Second Squared (S2) offers a unique series of workshops designed to help entrepreneurs decide whether search is right for them. Its founders Lui Pangiarella and Akram Sabbagh have also recently launched the fund-of-funds Wayfinder Capital. The accelerator offers a unique platform where startups can thrive, leveraging a comprehensive support system. Second Squared stands out by providing not only capital but also guidance, industry expertise, and a collaborative environment for growth. With a commitment to fostering innovation and sustainable business practices, Second Squared Accelerator is a catalyst for transformative ventures and the next generation of business leaders.
SMEVentures
Asia Pacific
SMEVentures is the leading platform in the APAC region for mid-career professionals embarking on a career of entrepreneurship through acquisition. Our unique approach combines advanced deal sourcing technology, data-driven insights, and expert coaching to streamline your journey from aspiring entrepreneur to successful business owner. With access to a robust investor network and a supportive community, we offer a comprehensive pathway to acquire and operate a business.
Spur Acquisitions
United States
Drew Gottenborg started Spur in 2017, and according to the Spur website, it has so far created two CEOs and has one active operating partner. Spur Acquisitions stands at the forefront of empowering entrepreneurs on their journey to business success. As a dedicated player in the acquisition landscape, Spur Acquisitions is committed to identifying and seizing opportunities in small-to-medium-sized enterprises. With a focus on strategic growth, the firm not only provides capital but also leverages its expertise and network to guide businesses towards sustained success. Spur Acquisitions is a catalyst for transformative ventures, actively contributing to the evolution and prosperity of entrepreneurial endeavors.
Search Fund Japan
Japan
Former ETA entrepreneur Kimitake Ito launched Search Fund Japan (SFJ) in 2020. Search Fund Japan is a pioneering entity committed to reshaping the entrepreneurial landscape in Japan. Being Japan's second search fund accelerator, SFJ is partnered with Development Bank Japan and Nihon M&A Center. Founded with a vision to unlock potential and facilitate business success, Search Fund Japan specializes in identifying and supporting promising entrepreneurs. With a focus on providing comprehensive support, including capital, industry insights, and strategic guidance, the organization actively guides individuals through the challenging yet rewarding journey of acquiring and leading small-to-medium-sized businesses. Search Fund Japan stands as a dedicated partner in fostering entrepreneurship, contributing to the growth and prosperity of businesses in the Japanese market.
Tembo Search Partners
Germany
Tembo Search Partners (TSP) facilitates succession planning in the SME sector by connecting search fund entrepreneurs, investors, and business owners. TSP provides a structured, transparent acquisition process, supporting searchers with capital, network access, infrastructure, M&A expertise, and operational know-how. This platform allows entrepreneurs to focus entirely on finding the right target company quickly and effectively. TSP actively manages the acquisition process, ensuring security and transparency for all stakeholders involved.
TSP offers investors access to attractive SME investment opportunities and active participation in portfolio company performance. They work primarily within the DACH region of Europe, preserving existing businesses and jobs, contributing to regional economic stability. TSP emphasizes a KPI-driven selection and evaluation process, providing comprehensive support, including deal flow, due diligence coordination, financing structuring, and strategic growth guidance. They champion diversity and equal opportunity across all aspects of their operations.
True North Search
Northern Europe
True North Search launched last year with a focus on Northern Europe. According to LinkedIn, it currently has at least two “entrepreneur operators” onboarded. True North Search is a dynamic force in the entrepreneurial ecosystem, dedicated to supporting and propelling aspiring business leaders forward. Focused on the acquisition and growth of small-to-medium-sized enterprises, True North Search provides a unique blend of capital, expertise, and strategic guidance. As a committed partner, the organization fosters an environment where entrepreneurial visionaries can thrive, offering the essential resources needed for success. True North Search is at the forefront of shaping the future of business ventures, actively contributing to the growth and sustainability of businesses in today's competitive landscape. According to LinkedIn, it currently has at least two “entrepreneur operators” onboarded.
Sleeping Giant Capital
United States
Founded by Doug Lepisto and Derrick Mclver, Sleeping Giant Capital operates as a search fund accelerator paired with long-term committed capital, growth capabilities, and a talent pipeline. It is industry-agnostic and focuses on the state of Michigan and West Michigan in particular. According to its website, it has completed 2 acquisitions at the time of this post and has 3 CEOs in residence.
WAD Capital
Belgium
WAD Capital is an ETA accelerator focused on acquiring and growing SMEs with €1-5M EBITDA. They utilize a data-driven approach and a cohort model to empower CEOs to lead businesses through succession phases, fostering innovation and robust growth. WAD Capital provides complete financial backing for accelerated acquisitions and leverages technology to identify and nurture investment opportunities.
WAD Capital emphasizes a regional approach aligned with the heritage of European legacy businesses and fosters a collaborative community of entrepreneurs, CEOs, and experts. They offer comprehensive support, from search and due diligence to exit strategy.
