Greenrow is focused on buying and operating lower middle market private companies between $400K - $2MM TTM of SDE
Greenrow Capital
Approach
Greenrow seeks to buy, build, and own for the long term
Story
Companies
Types of companies we seek to acquire
Our
Story
About us
Connor Scanlan is the head of Greenrow Capital and is focused on buying and operating businesses day-to-day. Over the past three years, he has worked for an independent sponsor acquiring commercial truck dealership groups, where he held roles in finance and corporate development, ultimately serving as the Director of Finance. In addition, he built out a Mobile Maintenance division. Through this work, Connor developed a strong interest in independent mobile fleet maintenance businesses.
Before this, Connor held roles at Kloeckner Metals in supply chain operations, at Bank of America in the Global Banking and Markets division, and at Grasshopper Bank, where he helped establish the lower middle-market Sponsor Finance practice and supported more than 15 completed transactions across multiple service and industrial sectors.
Connor graduated from the University of Oklahoma with a degree in finance. Originally from Springfield, Illinois. Outside of work, he prioritizes travel, is a car enthusiast, and enjoys spending time with friends and family and staying active.
1
Greenrow participates in banked and brokered processes as well as sources deals directly from owners.
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Greenrow is a value investor, seeking to pay under 5x SDE for a business.
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Greenrow seeks deep operational involvement and collaborates with existing owners to determine an optimal succession plan.
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Greenrow focuses on service businesses, hospitality & healthcare vendors, distribution businesses, and commercial truck businesses.
About Greenrow
Greenrow was founded by Connor Scanlan, whose background spans operating finance, commercial lending, private equity, and supply chain operations. Connor has held leadership roles within a sponsor-backed commercial vehicle platform and has experience evaluating and financing acquisitions across a range of lower middle-market businesses.
Prior to founding Greenrow, Connor served as Director of Finance at a boutique private equity firm and Head of Lease/Rental and Mobile Service at a commercial vehicle platform portfolio company, where he led financial operations across multiple business lines. His prior experience includes Sponsor Finance at Grasshopper Bank, Global Banking & Markets at Bank of America, and supply chain operations at Kloeckner Metals.
Greenrow was founded with a long-term ownership philosophy. Connor intends to personally lead the acquired business full-time, working alongside its employees and management team to build on what the existing owner has created. Greenrow prioritizes operational excellence, thoughtful growth, and protecting the legacy and culture of the businesses it acquires.
Refer a business owner to us, and if we acquire their business, you'll receive 1% of the purchase price as a referral bonus. For example, if we purchase the business for $5 million, you’ll earn $50,000.
Referral
Refer a business owner to us, and if we acquire their business, you'll receive 1% of the purchase price as a referral bonus. For example, if we purchase the business for $5 million, you’ll earn $50,000.
Contacts
Investment Criteria
Annual SDE or cash flow of $400K - $2 million
Minimal business cyclical exposure; relatively stable revenue and profitability
Diverse customer base with a high degree of recurring or
re-occurring revenue
Low CAPEX and net working capital requirements
Diversified customer base with limited concentration
Owner Situation
Seeking to retire or exit but lacks a clear succession plan
Aspiring for a liquidity event to achieve life goals
Looking to reduce day-to-day involvement
Honest and motivated to ensuring a smooth transition
