An Ontario search fund
The next owner for the business you built.
Worthington Crescent Capital acquires one established Ontario service business and builds on what you’ve created.
I. Our approach
An owner who runs the business, not just the numbers.
Worthington Crescent Capital buys one established Ontario service business and runs it directly. Daniel steps in as its full-time leader, working in the business every day rather than managing it from a distance.
The first priority is continuity. You and Daniel work side by side for six to twelve months, so your staff, customers and suppliers get to know him while you’re still there to make introductions and pass on what you know.
From there, the focus is growth: investing in the team, modernizing systems, winning new service contracts and, where it makes sense, adding complementary businesses. A growing company creates more opportunity for the people who helped build it.
II. What is a search fund
A simple way to pass on a business.
A search fund is a way for one person to find, buy and personally run a single established company. The model has been used since the 1980s, and it often suits owners who want to retire but don’t have a family member or partner ready to take over.
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Search
Daniel looks for one business that meets clear criteria: profitable, well run and ready for a new owner.
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Acquire
Once you and Daniel agree on terms, the purchase is funded through a mix of bank or BDC financing, private investors and, in some cases, part of the price paid to you over time.
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Run and grow
Daniel becomes the full-time leader of the business, works alongside you through the transition, and then builds on what you’ve created.
III. Principal
Daniel Foster
Principal, Worthington Crescent Capital
Daniel is completing his Honours Business Administration (HBA) at Ivey Business School and speaking with owners now, with the goal of acquiring a business after he graduates in 2027. Before and during his studies, he has worked inside real businesses, learning how they plan, keep their books and get work done.
He is not looking for a board seat or a hands-off investment. Daniel plans to run the business he acquires himself, full-time and day to day, and to be the person your employees and customers deal with every day.
- Financial planning and analysis Building products manufacturer and distributor
- Accounting (co-op) Accounting firm
- Operations Toronto consulting firm
- HBA candidate, Class of 2027 Ivey Business School
IV. Criteria
What we look for
B2B service businesses across the Greater Toronto Area (west Toronto, Mississauga, Brampton, Vaughan, Oakville), Simcoe County and the London area.
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Recurring B2B revenue
Contracted or repeat work for commercial customers.
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$250K–$450K in owner earnings (SDE)
Roughly $1M–$2M in annual revenue.
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Five or more years of profit
Steady or growing revenue.
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A diverse customer base
No single customer above roughly 15–20% of revenue.
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Experienced staff
People who know the work, including licensed technicians who plan to stay.
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An owner open to a transition
Six to twelve months working side by side.
Owner earnings (sometimes called SDE) means the profit the business produces for its owner in a year, including your own salary and benefits.
V. Sectors
Essential services, done on a schedule
We focus on the kind of work commercial customers rely on every month or every year, often because safety rules or the law require it.
- Commercial pest control
- Fire and life-safety
- Generator testing and service
- HVAC and refrigeration
- Forklift and material-handling service
- Truck and trailer inspection
- Kitchen hood cleaning
- Backflow testing
- Commercial drain and sewer service
Don't see your industry here? If your business does regular work for commercial customers, we would still be glad to hear from you.
VI. For owners
Why sell to Worthington Crescent
Selling a business you have spent years building is a big decision. Here is what you can count on from us.
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Continuity for your employees and customers
The handover is planned around your employees and customers, so the people who rely on the business are looked after while it changes hands. Daniel works in the business every day, so there is no absentee owner.
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Respect for the name and culture you built
Your company’s reputation and the way it treats people are a big part of why we want to buy it. We build on what works rather than starting over.
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A deal built around you
Every owner's situation is different. We can be flexible on timing, how and when you are paid, and how involved you stay after the sale, and we'll explain every option in plain terms.
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Complete confidentiality
Your staff, customers and competitors will not hear about our conversations from us. We sign a confidentiality agreement before you share anything sensitive.
For brokers and advisors
If you represent an owner whose business fits our criteria, we would welcome an introduction. We respond promptly, respect your process and keep every conversation confidential.
VII. Process
How it works
A clear, unhurried path from first conversation to handover. You set the pace, and you can stop at any point.
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Introductory call
A private, no-obligation conversation about you, your business and what you want for its future.
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Learn the business
With a confidentiality agreement in place, we review the numbers and spend time understanding how the business really works.
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Offer and agreement
We put a clear written offer in front of you and work through the details with you and your own advisors.
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Transition together
After the sale, we work side by side for six to twelve months while you hand over relationships and know-how.
VIII. Contact
Begin a confidential conversation
Whether you are ready to sell or just starting to think about what comes next, we would be glad to talk. All conversations are confidential, and there is no obligation.
- Office
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18 King Street East, Suite 1400
Toronto, ON M5C 1C4
Canada - Phone
- +1 437-524-0577
- Daniel Foster (opens in a new tab)