Wolverine Partners is seeking to acquire lower middle-market businesses in Logistics or B2B Inspection Services that extend the capabilities of Virtual Freight Inspections (VFI) – the nation’s leading freight inspection company – and leverage its outstanding platform.
Target Industries
- Logistics or B2B Inspection Services
- All targets must deliver synergies (customer or operational) with Virtual Freight Inspections (VFI)
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Size
- Companies with up to $10 million in revenue, and up to $1.5 million in EBITDA or Seller Discretionary Earnings (SDE)
Desired transaction characteristics
- Excellent brand reputation with customers, suppliers and other stakeholders
- Attractive customer base, and a unique niche (a "hook")
- Recurring revenues, or a strong pattern of repeat business
- Diversified customer and vendor mix, with limited concentrations
- Operating in growing markets with sustainable competitive positioning
- Scalable platform with potential for both organic and acquisition-driven growth
- Post-close improvement potential (e.g., marketing or systems) backed by workforce stability
- Transparency into cost structure, performance drivers, and inflection points for investment
- Limited supply chain complexity and minimal capital expenditure requirements
- Clear exit or transition plan (e.g., retiring business owner or non-core corporate divestiture)
- Flexible on deal size, but disciplined on strategic fit
Geography
- United States
- Will consider Canada and Europe if there are strong adjacencies with existing portfolio businesses
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