The Operand Group

Overview

The Operand Group is a private equity firm specializing in search fund investments, partnering with exceptionally motivated entrepreneurs and operators to acquire lower middle-market businesses across North America. They focus on small, privately held lifestyle businesses with untapped potential, infusing them with the talent, processes, and leadership needed to achieve exponential growth. Their investment strategy involves identifying businesses with an EBITDA typically ranging from $1 million to $3 million, aiming to enhance value through professionalization and strategic leadership. Founded in 2016 and headquartered in Barrington, Illinois, The Operand Group has a proven track record of creating value for invested capital in the search fund private equity niche. Their repeatable process of acquiring, enhancing, and exiting established small businesses has delivered compelling returns to investors. The firm is currently engaging accredited investors for participation in their fourth fund, Operand IV, which opened in August 2023. The Operand Group's team includes co-founders Carlos Saez and Michael Miles, who bring extensive experience in private equity and search fund investments. The Operand Group's investment philosophy centers on partnering with entrepreneurs to acquire and manage small businesses, providing more than just capital by offering time and collective wisdom to improve outcomes for aspiring managers. Their focus on small businesses with significant growth potential allows them to create value through strategic enhancements and leadership, contributing to the success of their portfolio companies across North America.

Investment Focus

• Accredited investors

Portfolio Companies