Acquiring and Growing Essential Services Businesses

Fleming Creek Capital is a family-funded investment firm focused on the construction, infrastructure, and industrial sectors. We partner with owners and management teams to build enduring businesses.

Built to Grow, Not to Harvest

We acquire businesses not to extract value but to invest in their next chapter of growth. Our objective is to enhance the financial sophistication of established companies — optimizing pricing strategy, structuring growth capital, and executing the geographic expansion that drives long-term value creation.

Operational Partnership

We are hands-on operators, not passive financial sponsors. Our principal serves as CEO of portfolio companies, bringing institutional financial discipline to owner-operated businesses while preserving the culture and relationships that made them successful.

Growth Capital

Every acquisition comes with committed capital for growth — new equipment, geographic expansion, additional service lines, and the operational infrastructure to scale. We invest meaningfully in the businesses we acquire.

People First

Great businesses are built by great teams. We retain and invest in existing employees, offer equity participation to key operators, and create real professional development opportunities. Our success depends on theirs.

What We Look For

Sectors

Construction services, infrastructure, industrial services, manufacturing, distribution, and essential business services

Revenue

$1 million – $15 million in annual revenue with demonstrated profitability

Earnings

$500K – $3 million in seller's discretionary earnings or EBITDA

Geography

Western United States with particular focus on California, Utah, Idaho, and surrounding markets

Characteristics

Established customer relationships, recurring or repeat revenue, experienced management or field teams, and identifiable growth opportunities

Situation

Ownership transitions, retirements, succession planning, and founders seeking a growth-oriented partner for their next chapter

Our Team

Trevor Jones

Managing Member

Trevor brings 15 years of experience in investment banking and accounting spanning multiple industries and dozens of companies. Prior to founding Fleming Creek, he served as a Director in the Technology, Media & Telecom Group at Rothschild & Co, one of the world's leading independent financial advisory firms, where he advised public and private companies on over $50 billion of transactions. He holds a CPA license in the State of California, FINRA Series 79, and degrees from the University of Southern California and Kalamazoo College.

John Adair

Chairman

John brings 25 years of experience within financial markets and an additional 15 years of experience as a private investor. He serves as a senior advisor to Fleming Creek portfolio companies, supporting strategic decision making and long-term growth planning.

Start a Conversation

Whether you are a business owner considering a transition, a broker representing a client, or an advisor exploring options — we would welcome the opportunity to learn more about your situation.

Location

El Segundo, California