Caldicot Capital

Caldicot Capital is a family office investment firm that partners with middle-market businesses, primarily focusing on the western half of the United States. The firm employs a hands-on approach, collaborating closely with business owners and management teams to foster growth and unlock significant value. Caldicot Capital distinguishes itself through its "patient capital" strategy, investing without predetermined holding periods and structuring transactions flexibly to meet the specific needs of its partner companies. They target businesses generating between $1.5 million and $10 million in EBITDA, with revenues of at least $5 million and EBITDA margins of 10% or more, seeking strong management teams, stable cash flow, leading market positions, and resilient business models.

Founded in 2020, Caldicot Capital was established to provide financial support and operational expertise to lower middle-market businesses. The firm's investment thesis centers on building enduring businesses and relationships through a concentrated portfolio, allowing them to dedicate time and resources to supporting their operators.

Caldicot Capital's portfolio includes companies across various sectors. Notable investments include Pacific Surfacing, a provider of paving and asphalt services; Pirawna, a digital marketing agency; John To Go, offering portable toilet and restroom rentals; RC Store Maintenance, providing general maintenance services; Moore Home Services, specializing in plumbing and HVAC; and UST, a manufacturer of vitamins and dietary supplements. These investments reflect the firm's focus on business services, light manufacturing, and mature technology.

The firm's team brings extensive experience in buyouts and private equity. JR Matthews, the Managing Partner, has nearly two decades of experience in successful buyouts as both an executive and an investor, with a background from Duke University and Harvard Business School. Partner David Pickerd has over a decade of experience in middle-market buyouts, having previously worked at Tregaron Capital, Vector Capital, Citigroup, and Bain & Company, and also holds an MBA from Harvard Business School. Paul Kiraly, a Senior Associate, contributes to deal sourcing, due diligence, and portfolio support, with prior experience at Tregaron Capital and Silver Trail Ventures.