SAX CAPITAL INTEL

Industrial Middle Market Research

Bridging the Capital Gap in the American Industrial Middle Market. We provide the institutional-grade research and proprietary deal flow required to deploy private capital into high-growth manufacturing, infrastructure, and the domestic industrial supply chain.

Core Strategic Sectors

Semiconductors
AI Infrastructure
Energy Systems
Adv. Manufacturing
Robotics

Research

Investment Thesis

The New Industrial Supply Chain

Trillions are flowing into the New Industrial Supply Chain as global supply chains realign around strategic sectors. Behind every $20B semiconductor fab are hundreds of manufacturers providing components, equipment, and specialized capabilities. We focus on North American Industrial Supply Chains and Western Hemisphere Capital Markets—identifying where manufacturers need capital and where investors can find quality deal flow.

  • Investment Opportunity: Lower-middle market manufacturers in strategic supply chains
  • Geography: Greater Southwest and Mexico with national context
  • Deal Flow: Company profiles, M&A activity, capital deployment trends
  • Platform: Substack
Read on Substack
Investment Thesis

Regional Capital Markets

Capital deployment infrastructure across the Western Hemisphere presents structural opportunities for institutional investors. We track government incentive programs (CHIPS Act, IRA, DFC financing) and map the financial architecture—IFCs, RFCs, and OFCs—that enable cross-border capital flows into North American manufacturing.

  • Capital Sources: Government programs, regional funds, cross-border structures
  • Infrastructure Focus: Western Hemisphere financial hubs and corridors
  • Delivery: In-depth analysis (20-30 pages)
  • Frequency: Quarterly
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Business Development

Strategic Deal Origination

Proprietary LMM Deal Flow

We systematically identify off-market lower-middle market manufacturers in industrial sectors with structural tailwinds. Our proprietary database tracks 500+ companies with defensible moats, embedded customer relationships, and capital needs that precede formal sale processes.

  • Pre-Market Intelligence: Early identification of ownership transitions and capital events
  • Sector Focus: Semiconductors, AI infrastructure, energy, advanced manufacturing
  • Competitive Positioning: Moat analysis and strategic value assessment
  • Direct Access: Principal-to-principal introductions before intermediaries
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Capital Connectivity

Institutional-Grade Infrastructure

We bridge the information asymmetry between domestic small businesses and institutional fund managers. Our platform provides the research infrastructure, sector expertise, and operational due diligence required to deploy capital efficiently into the industrial middle market.

  • Fund Manager Access: Curated introductions to institutional capital providers
  • Deal Structuring: Alignment of capital structures with industrial business models
  • Sector Intelligence: Deep operational knowledge of manufacturing ecosystems
  • Process Management: Coordinated due diligence and transaction execution
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Valuation Maintenance Plan (VMP)

Systematic Value Creation During the Hold Period

Active portfolio management between acquisition and exit. Our VMP provides continuous valuation tracking, operational performance monitoring, and strategic guidance to protect and compound equity value during the hold period. Designed for fund managers and strategic owners focused on maximizing returns through systematic value creation.

Portfolio Performance Dashboard

Real-time tracking of value drivers and investment thesis validation

EBITDA Quality
7.2 / 10
Recurring revenue with margin expansion potential
Growth Trajectory
8.1 / 10
Organic growth aligned with investment thesis
Market Position
6.5 / 10
Strengthening moat through customer concentration reduction
Capital Efficiency
7.6 / 10
Working capital optimization driving cash conversion
Enterprise Value
$4.2M - $6.8M
Multiple Expansion
↑ 0.8x
Exit Readiness
Positioned

Portfolio Management Infrastructure

📊
Quarterly Valuations
Mark-to-market updates with multiple analysis and comp benchmarking
📈
Performance Monitoring
KPI tracking against investment thesis and value creation plan
🎯
Strategic Initiatives
Operational improvements and positioning for exit optionality
🔍
Exit Intelligence
Buyer landscape mapping and strategic positioning analysis
Annual Retainer
$2,500
per portfolio company
Launch Pricing
Designed For
  • Fund managers with industrial portfolio companies
  • Strategic owners planning 3-7 year hold periods
  • $3M - $50M revenue manufacturing businesses
  • Companies in semiconductors, AI, energy, advanced manufacturing
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