Ellensburg, Washington

We buy founder-owned companies in Eastern Washington and steward them for the long term.

Criteria

What we look for

We look for a sound company whose founder is ready to step back.

Region
The company is based in Eastern Washington or the wider Inland Northwest.
Size
$2M to $5MIt earns this much EBITDA a year.
Field
It works in the trades or in industrial work.
Owner
The founder wants to hand the company to someone who will look after it and its people.
Health
The business already works. We do not buy turnarounds.
Terms

How we structure

We use

  • Equity partners
  • Seller notes
  • Earnouts

We do not use

  • SBA debt
  • Personal guarantees

We raise equity from partners deal by deal. Sellers often carry part of the price as a seller note or an earnout, so they share in what the company earns after close.

The owner decides how long to stay involved; some stay on for a year or two, while others step away at closing.

After close

We buy to hold.

We find a strong CEO to run each company day to day, and Dale chairs the board. The CEO and the board work from a clear operating system and a written value creation plan.

No fund clock pushes us to sell, so we can make choices that pay off over many years.

Principal

Dale Meador

Ellensburg, WashingtonLinkedIn

Dale Meador leads Teanaway Capital from Ellensburg, Washington. He co-founded a CPA firm and later exited, and he has owned and run three companies.

For the past ten years he has worked with owner-led companies in the lower middle market. He has worked directly with 17 of them, which together carry more than $500M of enterprise value; several went through a recapitalization or a sale while he was involved or soon after. He also runs Cadence Growth, a separate firm.

Teanaway takes its name from a valley in upper Kittitas County.

17Companies worked with directly
$500M+Combined enterprise value
Contact

Start a conversation.

If you own a company and have started to think about what comes next, write to us. Talks with owners stay private.

Bankers and brokers can send teasers to the same address. Capital partners who back independent sponsors are welcome to get in touch as well.

partners@teanawaycapital.com