Grey Fox gives owners a reason to engage.

Grey Fox represents private equity firms, strategic acquirers and family-owned companies seeking acquisitions. We develop relationships with business owners, establish fit and stay involved through the close.

We hold the standard
for how companies change hands.

Each buyer is chosen for what it brings to a business and how founders fare after a sale. No introduction is made until the owner’s priorities, and the reason for the partnership, are clear.

Firms we represent

The proof comes after the close.

We represent firms with the experience and resources to build on what you started. Their track records show how a sale can help your business grow, give your people opportunities to advance and support your plans for what comes next.

At the close

Business Services

The first 18 months

Tech-Enabled Services

14 years later

Industrial Services

At the close

Business Services

Every key leader and employee stayed at the partner’s largest acquisition, a company of more than 300 people, supported by a planned integration and communication program. Across its acquisitions, the partner added new revenue streams and improved purchasing, helping the businesses grow and creating opportunities for the people who helped build them.

10%+

Double-digit revenue growth after the close

100+

Internal promotions in a single year

86%

Employee satisfaction

The first 18 months

Tech-Enabled Services

The founders who wanted to keep building gained the backing of a group with 50%+ compounded growth. They continue to run the businesses they started and retain an ownership stake, giving them a role in shaping the next stage of growth and a share in its success.

2.2×

Revenue at each of ten companies within 18 months of acquisition

10 to 15

New customers at each company within 18 months of acquisition

9 of 9

Founders who wanted to stay, stayed

14 years later

Industrial Services

The buyer, a family-owned company founded in 1953, intends to keep the business, giving management a stable owner to plan and invest with for the years ahead. The business has grown with that backing while keeping its own name, its team and its culture.

6×

Profit 14 years after the sale, against the year it was acquired

Acquisitions the family has ever sold

Generations the family has run its own company

Every search starts with the whole market.

Grey Fox runs a proprietary research process that turns a client’s thesis into a prioritized list of companies. In this search, the client was looking for privately owned convenience-store chains with fuel and oil-change service.

01
The whole market
02
Every location checked
03
Ranked by size and fit
04
The conversation

We compiled every store location for 226 target chains: 92,631 locations from 1,568 sources: company websites and a proprietary location database.

Each location was checked for what it actually offers (a convenience store, fuel, oil change) through web research, a review of on-site evidence and satellite imagery. Confirmed: 90,571 gas stations, 85,625 convenience stores, 2,128 with oil change.

We ranked the chains by size and fit. About 100 were prioritized.

We engage 1 in 3 owners we call, and every conversation is written up and shared with the client through a live pipeline.

Illustrative companies and notes.

The whole market. We compiled every store location for 226 target chains: 92,631 locations from 1,568 sources: company websites and a proprietary location database.
Every location checked. Each location was checked for what it actually offers (a convenience store, fuel, oil change) through web research, a review of on-site evidence and satellite imagery. Confirmed: 90,571 gas stations, 85,625 convenience stores, 2,128 with oil change.
Ranked by size and fit. We ranked the chains by size and fit. About 100 were prioritized.
The conversation. We engage 1 in 3 owners we call, and every conversation is written up and shared with the client through a live pipeline. Illustrative companies and notes.

The people behind the work.

Grey Fox is led by Shivam Shirolawala, whose origination experience includes roles inside Vista Equity Partners and Percheron Capital.

Shivam Shirolawala

Founder & Managing Partner

shivam@greyfoxpartners.com

Tony Giudice

Vice President, Origination

tony@greyfoxpartners.com

Burke Widhelm

Analyst

burke@greyfoxpartners.com

Grey Fox has grown through its partners.

They have expanded our mandates into additional sectors, brought us into their portfolio companies and affiliated businesses, and referred us to other investors.

What we learn from the work.

Our writing on deal sourcing and private equity strategy.

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