Coyote Search Partners
Backing operators who buy enduring businesses.
We co-invest alongside searchers acquiring durable B2B companies. Typical equity checks are $25K–$150K, with a $50K sweet spot.
Mandate maintained by Coyote Wealth · Last reviewed August 4, 2026
$25K–$150K
Typical equity check
5 business days
Target response time
10% preferred return
Target deal structure
Investment thesis
Endurance over excitement
We prefer businesses that customers must continue using through ordinary economic cycles: compliance, workflow, maintenance, data, testing and other embedded B2B services. We underwrite the company that exists, not a heroic transformation case.
Business
Mission-critical B2B services or software with repeat demand and understandable unit economics.
Earnings
$500K–$3M of EBITDA, with adjustments that can be supported through records rather than projections.
Durability
Recurring or highly repeatable revenue, attractive retention and limited dependence on a single customer.
Searcher
High-integrity operator with relevant judgment, self-awareness and a credible plan for the first 100 days.
Structure
Sensible leverage, aligned seller terms and enough liquidity to protect the company after close.
How we evaluate a deal
- 1. Fast screen. Industry, earnings quality, customer concentration, valuation and searcher fit.
- 2. Focused diligence. QoE findings, cohort or retention evidence, working capital, leverage and downside protection.
- 3. Independent decision. We do our own underwriting and communicate a clear yes or no.
Typical economics
Our target structure uses a 10% preferred return and a European-style waterfall, with economics documented for each transaction. Actual terms vary by opportunity and must be reviewed in the governing documents.
We are not a broker-dealer, placement agent or investment adviser. Nothing on this page is an offer, solicitation or commitment to invest.
What must be supported
We expect claims about adjusted EBITDA, recurring revenue, retention, concentration and working capital to reconcile to source records. Forecasts can inform the upside case, but they do not replace historical financials, customer-level evidence, a quality-of-earnings review when appropriate, or legal diligence.
Ownership and accuracy
This page is maintained by Coyote Wealth and describes a target mandate, not a record of completed investments. Check sizes, timing and terms are objectives rather than guarantees. Material changes are reflected when the mandate is reviewed.
Questions or corrections can be submitted through the acquisition form below or our contact resources.