The essential businesses that power global economies.
CWM is a founder-controlled private equity firm focused on disciplined roll-ups within the lower middle market.
One Strategy.
Every CWM fund, vehicle, and sector follows one strategy: roll-ups in the lower middle market. We buy a well-run platform company in a fragmented industry, add smaller companies to it, and centralize finance, HR, purchasing, technology, and compliance — so the combined company grows larger, more professional, and more valuable than the pieces were alone.
Founder Alignment
We partner with owners of resilient businesses — many nearing retirement with no successor — who lack the infrastructure for the next stage of scale.
The Roll-Up Engine
Strategic add-on acquisitions that create synergy, shared services, economies of scale, and professionalized management across the platform.
Downside-First Underwriting
Every deal is underwritten to its downside case before its upside case. We prioritize capital preservation and sustainable cash flows over speculative growth multiples.
Five Sectors.
Healthcare
Finance
Essential Services
Energy
Space & Defense
Four Engines.
Engine 01
Permanent Capital
Companies CWM owns directly with majority control — held indefinitely and grown through roll-ups, without artificial exit horizons.
Engine 02
Private Funds & SPVs
Funds and single-deal vehicles CWM manages, earning management fees and carried interest on high-conviction roll-up platforms.
Engine 03
Public GP Stakes
Positions in 8–13 publicly traded alternative asset managers, chosen to be as uncorrelated as possible — liquid balance to our private holdings.
Engine 04
Partner Network
A deep bench of operators, wealth managers, and industry veterans who source deals and lead our platform companies.
House Rules.
- 01CWM invests first in every transaction.
- 02Same units, same terms for every partner.
- 03Downside-first underwriting is non-negotiable.
- 04We execute roll-ups only; no distressed pivots.
- 05Every team member is an owner in the firm.