The Preferred Partner to owner-operated business.

About

We are investors, operators, and close friends who first met over 20 years ago in Keough Hall at the University of Notre Dame. We’ve built 39 North to partner with owner-operators who want to retire or develop a growth plan for the future.

We focus on mature, cash-generating businesses that provide durable value to their customers and positively impact their communities. We are proud of the businesses we’ve helped grow and of the value we have created for all stakeholders.

Approach

We provide capital to transition and grow businesses led by experienced and entrepreneurial owner-operators. We are highly-collaborative team players who believe that a culture of partnership, ownership, and growth drive long-term success.

CORE SECTORS

We are focused on two core sectors:

  • Multi-unit consumer-focused brands and the companies that service these brands;

  • Companies providing solutions to maintain, operate, and upgrade the built environment.

OTHER CRITERIA

  • Headquartered in the U.S.

  • 5+ years of operating history

  • Annual cash flow north of $3 million

  • Low recurring capex needs

  • Stable, growing revenue with recurring characteristics

  • High customer retention rates

  • Happy employees with low turnover

Team

Jake Roffman

Co-Founder and Managing Partner

Tim Lucey

Co-Founder and Managing Partner

Senior Advisors & Operating Partners

Partnerships

We understand and respect what it takes to lead a great business.
We build strong partnerships based on mutual trust and honest communication.

Contact

We are always looking to expand our network and welcome introductions to business owners, intermediaries, operating executives, and advisers. We pay market fees and structure competitive compensation packages for management and board members.

Please visit us if you’re in Miami - we welcome the chance to meet you in person!

Schedule Meeting