Liftout Capital is an investment holding company investing in lower-middle-market, founder-owned services companies.

Liftout is a differentiated platform created for founders.

We understand the effort required to build market leading companies. We created Liftout to provide business owners with a better solution to ensure those businesses are built to last.

For
Founders

With decades of experience scaling services companies, we are an ideal partner to support your business and to preserve your legacy.

Partnership
Approach

We are not a private equity fund. We are true partners who are uniquely positioned to understand and support your business. We forge deep partnerships with our portfolio company management teams to drive great outcomes.

Deep Sector
Expertise

We are subject matter experts focused exclusively on industrial and business services.

Innovative
Structure

Liftout focuses its time and resources on a concentrated portfolio of companies to optimize their growth and success. As an investment holding company, we have flexible investment horizons to align with founder goals.

What you can expect from us as partners.

Our Core Values

Legacy

We understand the effort required to build market leading companies and want to preserve your legacy

Golden Rule

Acting with empathy and integrity; always being forthright and transparent

Camaraderie

Life is short, we make a point to have fun and celebrate victories big and small

Alignment

Forming meaningful relationships with both portfolio companies and investors – true partners

Grit

Relentlessly finding solutions to problems and fostering value creation

Relentless

We are steadfast and devoted to achieving our goals and objectives

What you can expect from us as partners.

Our Core Values

Legacy

We understand the effort required to build market leading companies and want to preserve your legacy

Golden Rule

Acting with empathy and integrity; always being forthright and transparent

Camaraderie

Life is short, we make a point to have fun and celebrate victories big and small

Alignment

Forming meaningful relationships with both portfolio companies and investors – true partners

Grit

Relentlessly finding solutions to problems and fostering value creation

Relentless

We are steadfast and devoted to achieving our goals and objectives

Liftout’s deep industry expertise allows us to bring unparalleled value to our portfolio companies.

We seek to invest in founder-backed business and industrial services companies.

Size: $4-$15 million of EBITDA

Business Type: Founder-owned services businesses

Target Industries: Industrial Services & Business Services

Transaction Type: Control Recapitalizations

Industrial Services

  • Utility Services
  • Testing, Inspection, Certification, & Compliance
  • Facility Services
  • Engineering & Construction
  • Water & Wastewater
  • Residential Services
  • Transportation & Logistics

Business Services

  • Human Capital Management
  • Legal Services
  • Education & Training
  • Business Process Outsourcing
  • Specialty Consulting
  • Compliance/Risk Management
  • Information Services

Liftout-Capital-Overview

Current Portfolio

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Franchise Creator

Franchise development, franchise sales, and franchise services to growing brands
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Pay4Leads

Provider of exclusive leads to the residential services industry
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AG&E

Structural engineering for mission critical, aviation, and advanced manufacturing

Meet our team.

Eric B. Wolf

Eric Wolf is a Co-Founder and Partner at Liftout Capital, bringing over 20 years of private equity experience. He specializes in leading platform execution and partnering with management teams to drive portfolio company growth. Mr. Wolf currently serves as Chairman of both AG&E and Pay4Leads and is also a board member of Franchise Creator. Previously, he was a Co-Founder and Partner at Bow River Capital, a $4 billion private equity firm, where he served on the firm’s Investment Committee since its inception. During his tenure at Bow River Capital, Mr. Wolf served as Chairman of multiple companies, including Peak Power Engineering, AUC Group, Ely and Associates, RailPros, Midstate Energy, and Ocean Tomo.

Mr. Wolf is a member of the Board of Directors for Junior Achievement Rocky Mountain and has previously served as Treasurer on the boards of Denver Academy and Leaders Challenge.

He holds a B.S. in Accounting from the University of Colorado Boulder and is a Certified Public Accountant (inactive) in the State of Colorado.

Bo W. Sutton, CFA

Bo Sutton is a Co-Founder and Partner at Liftout Capital, bringing 15 years of private investing experience. He is responsible for originating, structuring, and managing investments. Mr. Sutton currently serves as Chairman of Franchise Creator and is a board member of Pay4Leads and AG&E. Prior to co-founding Liftout Capital, he was a Director at Bow River Capital, where he led acquisitions and sale transactions in the Business and Industrial Services sectors. During his tenure, he served on numerous boards, including RailPros, AUC Group, Kobelt Manufacturing, and Nuclear Care Partners, and was Chairman of Ocean Tomo.

Before joining Bow River Capital, Mr. Sutton was a private equity real estate investor, focusing on distressed real estate debt at Platform Ventures and agricultural real estate at Resource Land Holdings.

Mr. Sutton earned an MBA with an emphasis in Finance and a BS in International Business, both from the University of Colorado. He is also a CFA charterholder.

Gary Schlatter

Gary H. Schlatter, CPA

Gary Schlatter is an Associate at Liftout Capital. Prior to joining Liftout Capital, Mr. Schlatter worked at Intrinsic LLC where he provided buy-side and sell-side transaction advisory services to private equity clients and their portfolio companies, developing an expertise in quality of earnings, net working capital, profitability, and debt/debt-like items analyses. Mr. Schlatter worked on over 50 transactions during his time at Intrinsic.

Prior to Intrinsic, Mr. Schlatter worked at Deloitte & Touche, LLP where he provided audit and assurance services to businesses ranging from start-ups to large public companies. During his tenure at Deloitte & Touche, LLP, Mr. Schlatter served on various types of client engagements including year-end 10-K filings and pre-IPO confidential S-1 filings.

Mr. Schlatter earned a B.S. in Accounting and Information Systems, graduating Magna Cum Laude, from Santa Clara University. Mr. Schlatter is a certified public accountant in the state of California.

Select investment experience.

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RailPros

Outsourced safety services and engineering services dedicated to the rail industry
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Ocean Tomo

Litigation support and expert witness testimony services with expertise in intellectual property
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PeakPower

Power engineering firm with deep expertise in transmission & distribution
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Midstate Energy

Provider of comprehensive energy efficiency solutions
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AUC Group

Wastewater treatment plant design, manufacturing, installation, and specialty finance company
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Ely & Associates

Engineering and hydraulic frac well optimization services

Represents select investment experience while Mr. Wolf and Mr. Sutton were with Bow River Capital. Investment experience is for illustrative purposes only.

We’d love to hear from you.

6400 S. Fiddlers Green Circle, #2140, Greenwood Village, CO 80111

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