WSC & Company

WSC & Company

WSC & Company operates from Charlotte with a team led by Managing Partner Badge Stone alongside Partners Macon Carroll and Will Wright. The firm targets the lower middle market, specifically founder-owned businesses generating $2 million to $10 million in EBITDA. Its posture reflects leadership experience on both the investing and operating sides of the table, framing alignment as a core tenet of how it works. The firm's strategy centers on entrepreneurship through acquisition, where it backs search-fund entrepreneurs and independent sponsors acquiring enduring businesses. WSC looks for durable competitive advantages, recurring or repeat revenue, low customer concentration, and resilient margins. It invests across industries but remains highly selective about business quality. The team participates through traditional searches, committed capital structures, and independent sponsor deals, providing both financial and operating resources to transition ownership and support long-term growth. WSC lists seven investment professionals on its website. In addition to the three partners, the team includes a vice president, a senior associate, an associate, and Amy Alcott as VP of Finance. The firm's website features testimonials from operating partners who describe WSC as their first institutional backer and a source of introductions to other like-minded searchers, indicating a collegial posture within the search-fund ecosystem. Structurally, WSC combines capital deployment with operator support by placing search entrepreneurs into CEO roles post-acquisition. It does not operate as a single-family office — it is a private investment firm deploying third-party or blended capital into a specific, repeatable acquisition model. This focus on manufacturing ownership transitions for retiring founders differentiates it from generalist lower-middle-market private equity funds.