Cal Hill Capital
Acquisition Criteria

Investing in the essential foundations of everyday life.

We acquire profitable enterprises in the non-cyclical sectors that keep commerce, infrastructure and healthcare moving — regardless of macroeconomic headlines.

Our Filter

Requirements, not trends.

Aerial view of the Coronado Bridge and San Diego Bay

Speculative industries rise and fall with interest rates and hype cycles. Our capital goes to the backbone of the real economy — businesses mandated by regulation, embedded in critical supply chains, or required to keep physical infrastructure running.

We look for platform companies where we can preserve what works, support existing leadership, and add bolt-ons that expand density and capability.

We work closely with M&A advisors, brokers, bankers and CPAs across Southern California — with rapid feedback, strict confidentiality, and full protection of fee agreements.

The Numbers

What we underwrite against.

Geography

Primary
San Diego, Orange County, Inland Empire, Greater Los Angeles.
Add-on reach
Western U.S. and select international corridors.

Platform Profile

Revenue
$3.0M – $15.0M+
Adjusted EBITDA
$750K – $3.0M+
Margins
15%+ with strong free cash flow conversion.

Bolt-On Criteria

Revenue
$1.0M – $5.0M
Adjusted EBITDA
$250K – $750K
Strategic fit
Overlapping routes, customers or certifications.

Business Attributes

History
10+ years of profitable operations.
Revenue quality
65%+ repeat or contracted revenue.
Customers
Diversified — none above 15% of revenue.

Outside these boxes?

Great businesses don’t always fit neat categories. If you own or represent an established Southern California enterprise with $750K+ in consistent profit, we want to hear from you.