Building Enduring BusinessesPartner | Scale | Innovate
A Baltimore-based, Lower Middle Market Private Equity Firm Focused on Partnering, Scaling, and Innovating Essential Service Businesses
Founded in 2013, Access Holdings seeks to build market leading businesses in essential service-based industries through a digitally-enabled, high-velocity build and buy approach. To date, we have invested to create eight platform companies and completed over 220 add-on acquisitions (as of 09/30/23).
Our mission is to build enduring businesses – ones that are aiming to be market leaders in their respective industries and to create enduring value and a positive impact for internal and external stakeholders. Our approach to building enduring businesses anchors around our three core principles: Partner, Scale, and Innovate.
We have a deep appreciation for the challenges business owners and founders face when operating and growing their businesses. We bootstrapped Access ourselves and can empathize with the challenges of working in and working on a business. We appreciate that business owners and entrepreneuners work daily "in" the business to serve customers and support employees. This limits the amount of time that owners have to work “on” the business - building capabilities and advancing offerings. We believe that being a great partner requires us to bring more than capital to the table. We must offer deep experience regarding digital tools and how to advance strategy and functional capabilities that allow a business to scale. We believe so strongly in our responsibility to bring resources that we have built a resource center for our platform companies to support the scaling and innovation of their businesses. The Access Acceleration Center ("A2C") provides our platform company partners and their teams capabilities such as digital lead generation, advanced analytics, talent recruitment, strategic planning, functional expertise, and much more to achieve our shared vision.
To learn more, visit the Our Differentiated Approach page.
We seek to execute high-velocity M&A and organic growth initiatives designed to grow our businesses and gain competitive advantage from operational scale and density. At the same time, we put in place the business scaffolding needed to support that growth, including talented leadership and scalable functions, processes, and systems.
To learn more, visit the Functional Excellence page.
We seek to create market leading platforms that set the innovation agenda in their industry. We believe in the transformative power of utilizing technologies with value – such as digital customer engagement and experience and business analytics. We believe businesses need modern systems architecture to advance and become contemporary operators. In the highly fragemented industries where we tend to invest, we often find that contemporary digital tools are not broadly adopted.
We also apply our mission of building enduring businesses to ourselves. We are working to build a contemporary private equity firm, using innovative digital tools to automate workflows, prioritize investment ideas, source new opportunities, enhance engagement with our stakeholders, and analyze data to help both us and our platform company partners make better decisions faster.
To learn more, visit the A2C page.
- Access Holdings was founded as an independent sponsor with one simple principle – to buy businesses we want to own versus those that are for sale.
- The journey to start Access was a hard one – it took us 21 months before we executed our first deal. We are fortunate to have had great mentors and partners along our journey to build Access.
- Established first platform as an independent sponsor
- Invested in Foundation Partners Group, now the largest privately held provider of death care services in the U.S. (based on the number of families served)
- Spent time refining our strategy and approach of being build and buy investors
- Established Kuvare platform, a leading provider of annuity, life insurance, and supplemental insurance products
- We developed a POV on the space to address the needs of aging baby boomers. We partnered with the CEO, Dhiren Jhaveri, to pursue a targeted list of family-owned life insurance companies and established the initial platform investment in October 2016.
- Made the commitment to become an enduring organization by defining our philosophies and values
- We refined our thesis and codified our practices to institutionalize our business. We deployed our resources and network derived from our prefund deals to build our capabilities and team.
- Deployed our resources and network derived from our prefund deals to build our capabilities and the team
- In 2017, we decided to become an enduring organization dedicated to providing capabilities to help build market leading businessed. We defined Access’ philosophies and values – we are committed to running Access like a business.
- Launched fundraise for Access Holdings Fund I
- Made our first platform investment in Access Holdings Fund I to establish Regency Family, the second largest provider of pet cremation services in the U.S. (ultimately merging into Gateway)
- Closed Access Holdings Fund I, oversubscribed with $340M of commitments
- Established Spotless Brands platform, operator of express car washes in five metropolitan service areas across the U.S.
- Established Playfly Sports, full-service sports marketing and media company
- Developed and piloted the Access Lead Lab (ALL), our digital lead demand generation tool Read more
- Completed a single-asset secondary transaction for Foundation Partners Group, providing pre-fund investors with liquidity or the option to roll equity into a continuation vehicle alongside a secondary capital investor
- Established Access Women’s Initiative, a group dedicated to convening female finance professionals in the Baltimore area for educational and social opportunities
- Developed and began implementing Access’ Environmental, Social, and Governance (ESG) Program Read more
- First investment in Access Holdings Fund II platform, Zeus Fire & Security, a provider of fire and security systems integration, managed services, and monitoring to commercial customers
- Held inaugural in-person Leadership Summit
- Hosted inaugural Semi-Annual Investor Update
10th Anniversary of Access Holdings
Opening of our new office and the Access Acceleration Center (“A2C”)
Opening of our New York office
- Closed Access Holdings Fund II, oversubscribed with $525M of commitments
Billion In AUM
Our Approach to Partnership
- Identify leading operators in target geographies through an extensive research process
- Build relationships and trust with owner-partners and collectively define strategic plan to ensure alignment
- Invest capital and provide access to functional experts on the Access team to support platform growth, scale, and innovation
- Deploy digital tools, capabilities, and playbooks to drive innovation and help our partners work on the business while also working in the business
Target Investment Criteria
>$5M to <$100M in EBITDA
Typical equity investment of $200M +/- (including co-investment capital)
Areas of Focus
Essential Service-Based Business with:
- Indefatigable Demand Characteristics
- Business Models with Greater Operating Leverage at Scale
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