Next Coast Legacy

Investment decisions are led by the partners, including Anthony, Tatiana, and Dustin Sellers. The team is composed of former operators who have themselves searched for, acquired, scaled, and exited businesses, providing firsthand pattern recognition in evaluating both the deal and the incoming CEO.

Sourcing relies on the partners’ 25-plus-year network across the lower and middle market. The firm works directly with entrepreneurs running active searches, and its operators’ own track records attract CEOs who want a board that has lived through the acquisition-to-exit cycle.

It operates as a private equity firm, not a family office. The model specifically targets the entrepreneurship-through-acquisition space, backing individual operators to find, buy, and run a single company rather than assembling a diversified portfolio of passive stakes.

The firm focuses on direct buyout transactions led by a new CEO. There is no public indication of fund-of-fund commitments or passive limited-partner stakes in other managers. Its capital and operating model are built around the search fund and direct acquisition path.

The firm targets the lower to middle market, acquiring established businesses that are ready for a new owner-operator. It does not invest in startups or early-stage ventures. The model supports the full lifecycle from prospecting through exit, but the initial transaction is a control buyout.

There is no public exclusion list. Publicly confirmed portfolio holdings span healthcare services, logistics, and industrial technology, suggesting a generalist approach within the lower middle market rather than strict sector screens.

The firm is embedded in the search fund ecosystem. Its partners are active in the community of founders, advisors, and investors, and the firm positions itself as a go-to capital source and operating partner for searchers. The team also provides thought leadership on emerging acquisition themes.