Ten Oaks Group is the family office investment vehicle for a small consortium of private equity investors with significant experience investing in the lower middle market.

We combine the long-term mindset of a family office with the speed-to-close of a professional investor.
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About Us

Ten Oaks Group was founded by a group of private equity investors seeking to execute transactions in the lower middle market. We target small companies, typically focusing on opportunities with EBITDA less than $50 million. We prefer corporate carveouts or companies in transition but will consider an investment in any opportunity with long-term value creation potential. Please send potential investment opportunities to mike@tenoaksgroup.com.

Investment Criteria

  • Size: EBITDA typically under $50 million
  • Transaction Types: Specifically focused on corporate carveouts, buyouts, and majority recapitalizations
  • Industries: Food Processing/Distribution, Industrial & Business Services, Light Manufacturing, Transportation & Logistics, Financial Services, Aerospace, Software, and Hardware
  • Financing: Ten Oaks is highly flexible with respect to capital structure
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Why We’re Different

Size Agnostic

We are size agnostic investors and will consider a wide variety of opportunities, ranging from cash flow negative to businesses with approximately $50 million of EBITDA.

Carveout Expertise

Our Principals have deep expertise in the corporate carveout sector and leverage their knowledge base to quickly evaluate potential candidates, allowing Ten Oaks to offer unrivaled speed-to-close in the lower and micro market.

Captive Equity

We invest our own capital, and thus are not dependent upon outside approvals or external sources of funds to move forward on transactions.

Professionals

Meet our transaction execution team and operating partners.

Transaction Execution Team

Matt Magan
Matt Magan

Partner

Partner at Ten Oaks Group and leads investing efforts. Formerly, Matt was a Principal at Summit Park, a Charlotte-based private investment firm. Prior to Summit Park, he was a Summer Associate at LLR Partners, a middle market private equity firm and an Associate at TZP Group, a New York-based middle market private equity firm. He started his career as an investment banking analyst at Wachovia Securities. Undergraduate degree: University of Maryland. MBA: Wharton School at University of Pennsylvania.

Michael Hahn
Michael Hahn

Partner

Partner at Ten Oaks Group; leads day-to-day investment efforts. Prior to Ten Oaks Group, he spent nearly 5 years in Deloitte Consulting's Strategy & Operations practice. There, he worked across a number of service offerings, particularly turnaround management and M&A. Undergraduate Degree: Carnegie Mellon University. MBA: Columbia Business School, Columbia University.

Jordan Harris
Jordan Harris

Business Development Lead

Jordan is an Investment Professional and Operating Partner at Ten Oaks Group. Prior to Ten Oaks, Jordan spent his career building and leading national sales programs in the Healthcare Finance and Enterprise Software verticals. Mr. Harris holds a degree from Auburn University.

Adrienne Moorefield
Adrienne Moorefield

Investment Professional

Mrs. Moorefield spent 7 years in Deloitte's Strategy and Analytics with a focus on helping clients at the intersection of business technology and transformation. In addition, at Deloitte her passion for diversity and inclusion drove her to develop and implement multiple initiatives focused on recruiting and retaining underrepresented minorities. Mrs. Moorefield holds a degree from NC State University.

Michael Elliott
Michael Elliott

Investment Professional

Michael is an Investment Professional at Ten Oaks Group. Previously, Michael was a Senior Associate for a Michigan-based secondary private equity firm. There, he led the firm's origination and execution efforts focused on purchasing mature fund interests and fund-of-funds from global institutions. Undergraduate degree: University of Michigan.

Operating Partners

Anthony Lorubbio
Anthony Lorubbio

Operating Partner

Anthony spent 8 years as CEO of Theobald & Oppenheimer, a beverage manufacturing and distribution company he co-founded in 2012. He started his career in information technology and data analytics at BNY Mellon, Apple, and Johnson & Johnson. Mr. Lorubbio holds a degree from Carnegie Mellon University.

John Ioannou
John Ioannou

Operating Partner

Mr. Ioannou is a former executive with IBM, President & CEO of multiple companies, and an Operating Partner for private investment firms. Experience in software, technology, services, specialty finance, manufacturing, food service, and private equity. Mr. Ioannou holds a degree from St. Peter's University.

John Moorefield
John Moorefield

Operating Partner

Mr. Moorefield has spent 15 years at Aflac, currently as Director, EVP, and Chief Transformation Officer of the company's Asian operations. He has held positions as Chief Information Officer, Managing Director, Senior Vice President, and Strategic Manager for multiple companies. Mr. Moorefield holds bachelors and masters degrees from North Carolina State University.

Dan Hoover
Dan Hoover

Operating Partner

Dan is the CEO of GRIFFIN Solutions Group, and he is a senior hands-on leader that partners with clients and company stakeholders to design and deliver optimal data solutions on-time. Dan has proven success at establishing and leveraging a distributed staffing model (domestic partners, offshore, and rural) for software development functions to improve flexibility, productivity, and reduced costs.

Caroline Howell
Caroline Howell

Operating Partner

Caroline is a former Executive with 10 years of experience in M&A advisory, growth strategy development, and performance improvement. Most recently, she led ServiceMaster's M&A team, both adding multiple new commercial capabilities and refining their global customer acquisition strategy. In 2019 alone, she executed over 50 transactions, which resulted in the expansion into five new international markets. Mrs. Howell holds a degree from the University of Tennessee.

Portfolio

Representative Transactions – Ten Oaks Group operates with a high level of discretion and does not typically publicize the names of its holdings given these investments are usually sensitive transactions with parent corporations who prefer to limit the details and nature of the deal to direct stakeholders only. With that in mind, Ten Oak’s current portfolio consists of 6 businesses:

Regulatory

A regulatory audit and inspection business helping clients (who are typically in highly regulated industries) maintain compliance with federal and state laws.

Building

A building product manufacturing business focusing primarily on patented bath and shower products.

Technology

A middleware media asset management software business that produces a solution that enables customers to retrieve data from multiple different storage formats before organizing it for presentation via large scale, front-end displays (such as Adobe Premier).

Refrigeration
A refrigeration equipment manufacturer that produces industry-leading products for the commercial foodservice, retail, and life science markets.
Manufacturing
An electronics manufacturer that produces the world’s leading ultraviolet equipment in the non-destructive testing, life sciences, forensic inspection, and UV sanitization markets.
Talent Solutions

Sales talent assessment and performance enhancement consulting organization that facilitates identification, placement, and development of top-tier sales candidates.

nodes

Philanthropy

Ten Oaks’ Principals are dedicated to allocating a portion of their investment gains to social impact, particularly to CLTRising, a non-profit organization founded by Matt Magan focused on helping high-potential, lower income students in Charlotte-Mecklenburg matriculate to Ivy League and other highly competitive colleges.

Through working with Foundation for the Carolinas in helping to accept and coordinate gifts of closely held business interests, Ten Oaks will donate at least $250,000 per transaction to CLTRising, and has pledged a minimum of $1.0 million of value to CLTRising from existing Ten Oaks holdings.

CLTRising
Foundation for the Carolinas

Contact

We look forward to hearing from you.

(310) 283-0567

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