24|6 Capital Partners, founded in 2011, with offices in Boston and Los Angeles leverages our national presence and deep local networks to partner with management to invest in compelling opportunities across the U.S. and Canada. Our investment strategy is grounded in operational excellence, long-term partnerships, and a disciplined approach to value creation. We specialize in acquiring and scaling mid-sized businesses across the United States and Canada. We look for companies with strong fundamentals and significant untapped potential. Leveraging our deep operating experience, we have a proven track record of accelerating revenue growth while using technology to enhance customer experience and realize operational efficiencies. The principals of 24|6 Capital Partners have all held C-suite roles and apply their expertise to fuel the growth of portfolio companies. Since we manage our own capital, we are able to move quickly, invest patiently, remain aligned with management and deliver differentiated results.
We focus on established, profitable companies with strong fundamentals:
Companies with a loyal customer base in a fragmented or evolving industry, where we can help accelerate growth through new customer relationships, expanding sales and marketing, and executing strategic acquisitions.
Companies able to leverage technology as a catalyst for operational efficiencies, market expansion, and long-term growth.
Leaders with high character, drive, and a collaborative mindset. We also support owners looking to retire by promoting from within, attracting outside managers or providing interim leadership as needed.
Businesses with recurring revenue, defensible market positions, and scalable operations resilient to economic shifts.
Current Investments
Current Investments
BGS is a leading provider of geospatial data and analytics to customers across North America. Barr collects and processes remote sensing data and applies advanced analytics leveraging AI and machine learning to help protect critical infrastructure, natural resources, and the environment. Barr’s cutting edge threat detection and prevention tools are used across a wide range of markets including oil & gas, utility, and forestry where accuracy, speed and reliability are critical. BGS is headquartered in Houston, Texas with over 30 locations across the U.S and Canada. 24|6 Capital maintains a significant minority investment in BGS.
The largest traffic, transit, and GIS data collection firm in the U.S., NDS conducts thousands of traffic counts each day and serves clients ranging from state DOTs to regional planners and private engineering firms. During our ownership, NDS has achieved transformational growth, driven by operational improvements, technology integration, and the creation of dedicated offshore teams that enhanced efficiency and scalability.
A premier manufacturer of highly engineered, flight-critical components and assemblies for aerospace and defense OEMs, including rotorcraft, fixed-wing aircraft, and naval platforms. 24|6 worked to carve PCX out from its corporate parent and introduce new management while executing an add-on acquisition. 24/6 Capital exited in 2021 and still maintains a minority position in the company.
TC Shadowlight, one of the largest independent creative studios in the US, is a full-service multimedia production studio focused on lifestyle photography and video based in Lancaster County, PA. With over 70 standing and customized life-like sets, the studio specializes in content creation for leading home shelter brands. TC Shadowlight has a 135,000 square foot facility anchored by a 10,000 square foot soundstage allowing the company to provide fully integrated production capabilities designed to create the media assets needed to support leading brands and agencies.
Additional Investments
Our principals have decades of investing and operating experience, with a proven history of building businesses and delivering outsized returns:
Overview:
BGS is a leading provider of geospatial data and analytics to customers across North America. Barr collects and processes remote sensing data and applies advanced analytics leveraging AI and machine learning to help protect critical infrastructure, natural resources, and the environment. Barr’s cutting edge threat detection and prevention tools are used across a wide range of markets including oil & gas, utility, and forestry where accuracy, speed and reliability are critical. When 24|6 Capital Partners acquired Barr Air Patrol in 2015, the company employed 49 people and operated as a niche provider of visual right-of-way inspections for the oil & gas industry. Over 10 years Barr GeoSpatial Solutions was transformed into a market leader in the geospatial data collection and analytics space. Barr is headquartered in Houston, Texas with over 30 locations across the U.S and Canada.
Our Approach:
24|6 Capital Partners took an active role in driving growth and transformation:
• Strategic Acquisitions: Completed six proprietary add-on acquisitions across the U.S. and Canada, expanding Barr’s capabilities and geographic footprint including several transformational acquisitions that expanded BGS into LiDAR and data analytics.
• Technology Integration: Developed advanced imaging capabilities for right-of-way monitoring and introduced machine learning/AI for active threat detection. Expanded LiDAR processing and analytics including vegetation management and fire modeling.
• Growth Culture: Focused on building a diversified platform with a broad geospatial service offering. Expanded into utility and forestry markets to complement oil & gas.
• Operational Scaling: Invested in leadership, technology, and infrastructure to professionalize systems and processes. Expanded into Canada with a presence in over 30 locations across North America. Doubled aircraft fleet while acquiring over 25 sensors and growing the employee base from 49 to 430 people.
Results:
• EBITDA increased more than eight-fold through margin expansion and revenue growth.
• Established vertically integrated business providing data collection, processing adn analytics to multiple end markets across North America.
• Investment generated over 20x cash-on-cash returns for investors.
Status:
After 8.5 years of transformational growth, 24|6 Capital Partners exited the investment in October of 2023 while maintaining a significant minority position and a board presence. Barr remains an industry leader, continuing to execute on its growth trajectory.
Overview:
Founded in 1989, National Data & Surveying Services (NDS) has evolved from a small, single-office operation into the nation’s largest traffic, transit, and GIS data collection firm. Acquired in 2004, NDS pursued both organic growth and strategic acquisitions to expand its footprint nationwide.
Today, NDS is the market leader across the U.S., serving clients ranging from private engineering firms and public agencies to regional planning organizations and retailers. With the ability to deploy over 1,000 cameras each evening and process over one million hours of video annually, NDS consistently delivers high-quality, accurate, and timely data for projects of any size.
Strategic Growth & Expansion
• Acquisition & Organic Growth: Following the acquisition in 2004, NDS completed additional add-on acquisitions while expanding organically across the U.S.; evolving from one small office into a national presence with nine offices and over 400 personnel.
• Expanded Service Offerings: NDS grew beyond traffic counts to include asset management and sophisticated solutions for complex data collection challenges.
• Strategic Partnerships: Leveraged collaborations with specialized partners to integrate new knowledge bases and enhance service offerings for clients.
Technology Investments
NDS made significant investments in technology to improve efficiency, accuracy, and scale:
• AI & Machine Learning: Developed algorithms and AI-enhanced classification models for high-volume, high-speed traffic and transit data collection.
• Automation: Leveraged machine learning to optimize camera deployments, classification accuracy, and data turnaround times.
• Scalable Infrastructure: Built systems capable of managing thousands of simultaneous data collection points nationwide.
Culture & People
NDS's growth was underpinned by a culture of mutual respect and a strong appetite for growth while maintaining a relentless focus on quality. The team emphasizes:
• Operational excellence with rigorous quality control standards
• Client-focused communication with customized deliverables
• A collaborative environment fostering continuous learning and innovation
Operational Scaling
• From 1 office to 9 locations serving the entire U.S. market
• Over 400 personnel supporting nationwide operations
• 1,000+ cameras deployed nightly for traffic and transit data collection
• 70% win rate on government bids across the U.S.
Results & Market Impact
NDS strategic growth and operational efficiency have delivered transformative business results:
• 12x revenue growth since acquisition
• EBITDA margins doubled over the same period
• Recognized as the market leader in traffic and transit data collection nationwide
Looking Ahead:
NDS remains committed to innovation, quality, and customer satisfaction while continuing to invest in technology, talent, and strategic partnerships to address the evolving needs of transportation agencies, engineering firms, and private enterprises across the U.S.
Mr. Jaret is a Senior Associate at 24|6 Capital Partners where he supports sourcing, underwriting, diligence and execution of new investments. He began his career with 24|6 Capital Partners in 2020, assisting with diligence and execution of add-on acquisitions, deal refinancings, and portfolio company operations. After working as an Analyst at 24|6, Mr. Jaret worked in KPMG’s investment banking division, representing international companies in mergers and acquisitions. He has also worked in real estate, having sourced, acquired and financed several transactions. As a Senior Associate at 24|6 Capital Partners, Mr. Jaret works closely with the principals to support all facets of the deal life-cycle. A Boston native, Mr. Jaret recently married and lives there with his wife.
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We partner with management teams to transform established companies into industry leaders. Leveraging decades of operating experience, patient capital, and technology-driven innovation, 24 | 6 Capital Partners helps businesses accelerate growth, unlock efficiencies, and create long-term value.
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A premier manufacturer of highly engineered, flight-critical components and assemblies for aerospace and defense OEMs, including rotorcraft, fixed-wing aircraft, and naval platforms. 24/6 worked to carve PCX out from its corporate parent and introduce new management while executing an add-on acquisition. 24/6 Capital exited in 2021 and still maintains a minority position in the company.
Website: https://pcxaero.com/
TC Shadowlight, one of the largest independent creative studios in the US, is a full-service multimedia production studio focused on lifestyle photography and video based in Lancaster County, PA. With over 70 standing and customized life-like sets, the studio specializes in content creation for leading home shelter brands. TC Shadowlight has a 135,000 square foot facility anchored by a 10,000 square foot soundstage allowing the company to provide fully integrated production capabilities designed to create the media assets needed to support leading brands and agencies.
Website: https://tcshadowlight.com/
The largest traffic, transit, and GIS data collection firm in the U.S., NDS conducts thousands of traffic counts each day and serves clients ranging from state DOTs to regional planners and private engineering firms. During our ownership, NDS has achieved transformational growth, driven by operational improvements, technology integration, and the creation of dedicated offshore teams that enhanced efficiency and scalability.
Website: https://ndsdata.com/
BGS is a leading provider of geospatial data and analytics to customers across North America. Barr collects and processes remote sensing data and applies advanced analytics leveraging AI and machine learning to help protect critical infrastructure, natural resources, and the environment. Barr’s cutting edge threat detection and prevention tools are used across a wide range of markets including oil & gas, utility, and forestry where accuracy, speed and reliability are critical. BGS is headquartered in Houston, Texas with over 30 locations across the U.S and Canada.
24/6 Capital Partners acquired Barr Air Patrol in 2015 and over the next decade expanded the business through six acquisitions, new service lines, and major investments in technology and people. The company scaled from 49 to more than 430 employees, EBITDA increased more than eight-fold, and the investment generated over 20x cash on cash return for investors. 24/6 exited in October of 2023 while retaining a significant minority stake and board presence in the company.
Website: https://barrgeospatial.com/