Investor profile
Alaris Equity Partners
PE
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Alaris Equity Partners invests in lower middle market private companies in North America through non-control preferred and common equity, providing long-term capital to founders and management teams who wish to retain operational and cultural control of their businesses. The firm targets asset-light, cash-flow-positive companies with historical free cash flow in excess of $5 million, deploying initial equity checks of $30–$150 million (sweet spot $40–$75 million) across B2B services, B2C services, construction, consumer products, and financial services. Alaris' structure is designed as a true 'win-win partnership': distributions to Alaris are set annually based on a top-line performance metric (e.g., net sales or gross profit), with a reset collar of +/–7–8%, aligning returns with partner growth while providing founders with no board interference, no voting dilution, and no forced exit timeline. The firm's long-term goal is to create an optimal, growing income stream for its public unitholders (TSX: AD.UN) while enabling its private company partners to pursue sustainable, founder-led growth.
Notable quotes
“Since our founding in 2004, we have invested in 43 portfolio companies, providing our partners with over $2.9 billion in capital, generating a 16% IRR from exited investments and returning over $800 million to unitholders through distributions and unit buy backs. The significant success that we have seen over the past 21 years has set us up to capitalize on continued growth within our segment of the $3 trillion North American private equity market.”
“As the largest independent management consulting company in Canada, this asset was highly sought after by private equity firms across North America. Since its founding, Optimus has become an essential and sought after advisor to the Canadian banking industry, one of Canada's most stable industries. Similar to Alaris, Optimus' growth and success is the result of the strong culture that it has created over the last 15 years, and we look forward to supporting the Company's growth in the years to come.”
“We know the business will be around 50 years from now. We want to own steady Eddy old-economy businesses that don't have a lot of obsolescence risk.”
Team
Gregg Delcourt
Chief Investment Officer
Amanda Frazer
Chief Financial Officer
Dan MacEachern
Managing Director
Curtis Krawetz
Managing Director
Mike Ervin
Chief Legal Officer & Corporate Secretary
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Kubik LP | Preferred Equity + Common Equity | $75m | 2026-04-02 |
| Optimus SBR Inc. | Preferred Equity + Common Equity | $116m | 2025-11-06 |
| Renew Medical Group | Preferred Equity + Common Equity | $30m | 2025-12-01 |
| McCoy Roofing Holdings LLC | Preferred Equity + Common Equity | $27m | 2025-10-21 |
| Cresa LLC | Follow-On Preferred Equity | $21m | 2025-10-21 |
| Body Contour Centers LLC (Sono Bello) | Preferred Equity | $30m | — |
| Ohana Growth Partners LLC | Preferred Equity + Common Equity | — | — |
| D&M Leasing | Preferred Equity | — | — |
| Amur Financial Group Inc. | Preferred Equity + Common Equity | — | — |
| 3E, LLC | Preferred Equity | — | — |
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