Mergers & Acquisitions

At Outlier, one size does not fit all when it comes to our investments. We craft unique partnerships with each of our companies to guide them through their next growth stage and beyond. And we seek to enhance existing legacies through innovative thinking, data analysis, capital deployment and leveraging shared technology resources.


  • Industries include healthcare, real estate, entertainment, aerospace, business services, niche manufacturing and outdoor
  • Seek opportunities in unique niches with stable financial characteristics
  • Deep expertise and interest in acquiring franchise organizations


  • EBITDA margins of 20%+, ranging from $1.5 - $10MM
  • Mature niche companies with high market share
  • History of stable revenues and growth opportunities


  • LBOs, MBOs, recapitalizations and growth equity
  • Prefer mature businesses - not early-stage venture rounds
  • Focus on preserving legacy with founder participation
James Colyer

James Colyer
Managing Partner | Outlier Capital

Chris Reap

Chris Reap
VP | Business Development

Spark Theory® reflects our culture of bringing vision, focus and capital together to identify, pursue and realize outstanding results in acquisitions, organic growth opportunities, and new ventures, in information technology, franchising, business management, and beyond.