Palmares Capital Partners

Palmares uses preferred stock to make investments, which it states provides maximum liquidity to the business owner while minimizing equity dilution. The firm's non-control posture means decisions are made at the board level by consensus, rather than being controlled by a majority equity holder. This preferred-equity approach allows the original owners to retain common equity and operational control.

Palmares is industry-agnostic, focusing instead on the relationship dynamics and objectives of the transaction. The firm requires a minimum trailing EBITDA of $4 million, with a typical range up to $15 million, and writes equity checks of $5 million to $25 million. Target companies must be founder- or family-owned, and the owner must desire an equity partner without planning an imminent exit.

Yes, but in a collaborative, board-level capacity rather than as a controlling shareholder. The firm lists support areas including strategic planning, acquisition strategy development, business development, financial systems selection and implementation, personnel recruitment, and access to additional debt and equity capital. This support is offered as a resource to management, not as a mandated operating partner model.