BayHawk Capital Company Profile

Background

BayHawk Capital is a Boston-based private equity firm founded in 2023, specializing in investments within the essential services and technology sectors across North America. The firm's mission is to build the most trustworthy firm in the industry for all stakeholders, aiming to become the partner of choice for talented founders, management teams, and limited partners.

Key Strategic Focus

BayHawk Capital's investment strategy centers on:

• Sector Focus: Investing in essential services—including residential, environmental, industrial, and facility/commercial services—and technology sectors such as tech-enabled services, data & information services, and Software-as-a-Service (SaaS).

• Investment Criteria: Primarily making majority or substantial minority investments in growth-oriented, lower middle-market companies with equity investments ranging from $25 million to $150 million.

• Value Creation: Focusing on accelerating growth by investing in talent and executing follow-on mergers and acquisitions (M&A).

Financials and Funding

As of June 2025, BayHawk Capital is actively seeking new investments. The firm manages BayHawk Capital Fund I, which opened in December 2024. Specific details regarding total funds raised and notable investors have not been publicly disclosed.

Pipeline Development

BayHawk Capital's current investment portfolio includes:

• American Patrols (January 2025): A leading provider of aerial inspection services to mission-critical energy infrastructure assets.

• Big Picture Group (March 2024): A prominent provider of commercial and residential relocation and junk services within the Two Men and a Truck franchise system.

• ServiceMaster Restoration Services (August 2023): A leading provider of commercial and residential property restoration services within the ServiceMaster Restore franchise system.

These investments reflect the firm's commitment to essential services and technology sectors.

Technological Platform and Innovation

BayHawk Capital emphasizes a thematic investment approach, leveraging decades of domain expertise to identify and invest in sectors with high-quality business models, predictable revenues, and stable margins. The firm focuses on companies with identifiable competitive advantages, growth supported by secular tailwinds, and opportunities for consolidation.

Leadership Team

The leadership team at BayHawk Capital comprises experienced professionals with significant domain expertise:

• Doug Haber, Managing Partner: Founded Mountain Lake Capital in 2021, the predecessor to BayHawk Capital. Previously served as Managing Director at Thomas H. Lee Partners, leading investments across consumer services, business services, and technology sectors. Holds an M.B.A. from Harvard Business School and a B.A. from Middlebury College.

• Jeff Swenson, Managing Partner: Co-founder of BayHawk Capital with extensive experience in private equity investments.

• Govind Anand, Managing Director: Brings significant expertise in investment management within the firm's focus sectors.

• Scott Prozeller, Principal: Plays a key role in executing the firm's investment strategy.

• Eliza Guild, Vice President: Contributes to the firm's investment and portfolio management activities.

• Brandon Beauregard, Vice President: Focuses on identifying and managing investment opportunities.

• Louie Steffens, Senior Associate: Supports the investment team in deal execution and analysis.

• Evan Brindley, Senior Associate: Assists in evaluating and managing portfolio companies.

• Emily van der Veen, Associate: Provides analytical support for investment decisions.

• Megan Byrnes, Analyst: Supports research and analysis for the investment team.

Collectively, the team has deployed over $4 billion of equity capital into 35 distinct services and technology platform companies, executing over 100 add-on acquisitions.

Leadership Changes

In 2021, Doug Haber founded Mountain Lake Capital, which later evolved into BayHawk Capital in 2023. No other significant leadership changes have been publicly disclosed as of June 2025.

Competitor Profile

Market Insights and Dynamics

The private equity landscape, particularly within the lower middle market for essential services and technology sectors, is characterized by:

• Market Size and Growth Potential: A substantial and growing market driven by technological advancements and increasing demand for essential services.

• Industry Trends: A focus on digital transformation, consolidation opportunities, and value creation through strategic investments.

Competitor Analysis

Key competitors in the private equity space focusing on similar sectors include:

• Thomas H. Lee Partners (THL): A private equity firm with a history of investments in consumer services, business services, and technology sectors.

• Providence Strategic Growth (PSG): Focuses on growth-oriented investments in technology-enabled service companies.

• Spectrum Equity: Specializes in growth equity investments in information technology and services sectors.

These firms have established track records and significant capital under management, contributing to a competitive landscape.

Strategic Collaborations and Partnerships

BayHawk Capital's investment approach includes forming strategic partnerships with management teams and leveraging its network to drive growth and value creation. Specific collaborations or partnerships have not been publicly disclosed.

Operational Insights

BayHawk Capital differentiates itself through:

• Culture-First Mindset: An intense focus on people and building a collaborative, trustworthy firm.

• Flat, Entrepreneurial Structure: Empowering each investment team member to be a decision-maker, ensuring efficiency and transparency.

• Long-Term Orientation: A bias toward longer hold periods, focusing on durable value creation over time.

Strategic Opportunities and Future Directions

BayHawk Capital's strategic roadmap includes:

• Expansion of Investment Portfolio: Continuing to identify and invest in high-quality businesses within essential services and technology sectors.

• Value Creation Initiatives: Implementing strategic growth initiatives, including talent investment and follow-on M&A activities.

• Building Long-Term Partnerships: Fostering strong cultural and economic alignment with portfolio companies to achieve sustainable growth.

Contact Information

• Website: bayhawkcapital.com

• LinkedIn: linkedin.com/company/bayhawk-capital/

• Headquarters: Boston, MA, United States