Seaside Equity Partners

Andrew Thompson, the Founder and Managing Partner, holds ultimate authority over major investment decisions. Day-to-day deal execution is led by Managing Directors Navid Shirazi, Hiral Pithadia, and Jesse Kay, each supported by dedicated principals and associates. The firm’s small partnership group makes concentrated calls without a broad investment committee.

Seaside runs a dedicated origination function led by Principal Doug Parker, separate from its execution teams. The firm also uses its published portfolio-page criteria — including minimum $500k EBITDA thresholds for add-ons — as a direct sourcing signal to intermediaries and business owners across the Western US and select Southern/Southeastern markets.

Seaside operates at least two active fund families as of 2025: a flagship fund series and a Navigator series. Portfolio holdings are split across Pre-Fund, Fund I, and Fund II vintages, with the Navigator team led by Managing Director Jesse Kay and Principals Rob La Rue and Justin Garner executing parallel deal strategies.

The firm is sector-agnostic in name but function-specific in practice — it buys control positions in businesses that provide non-deferrable essential services (plumbing, roofing, wastewater hauling, tax compliance, emergency restoration, managed IT infrastructure). These share a common characteristic of being mandatory operational expenditures for customers regardless of economic cycle.

Yes. The majority of current portfolio companies actively pursue add-on acquisitions, with Seaside publishing target EBITDA ranges and geographic preferences publicly. This is not a passive portfolio — the firm signals an intent to consolidate fragmented regional service providers within each platform investment.

Seaside embeds a value-creation and integration team separate from its deal professionals. Matt Stoyka serves as an Executive Advisor with 25 years in technology services, while Liliana Corona works as Director of Talent to hire C-suite leaders directly into portfolio companies. This side-by-side operating structure is unusual for a firm of Seaside’s headcount.

The firm has not publicly disclosed its limited partners. Andrew Thompson’s background at Wafra — a large institutional investor and GP-stakes provider — suggests the team is institutionally trained, but Seaside itself does not identify the source of its commingled fund capital. There is no evidence of a single-family-office anchor.