Investment Characteristics

We look for companies that meet all the criteria below and with our diverse operating history, we remain opportunistic to investing in businesses outside our seven key industries.

COMPANY

  • Profitable companies under $100 million in revenues
  • Significant, organic and/or acquisition growth potential
  • Leading market position with a defensible product or service that competes on more than price
  • Value-based employee culture with a customer and goal oriented focus

MARKET

  • Primarily Southeastern US but will consider anywhere in US
  • Industry neutral
  • Niche markets where the larger market participants are not as focused or cannot compete

OWNERSHIP / MANAGEMENT

  • Interested in the following investment-stage scenarios:
    • GROWTH investing to enable profitable, growing companies to fund internal growth and/or acquisitions
    • BUYOUTS where owners are looking to exit completely
    • RECAPITALIZATION providing partial liquidation of the owner’s equity position
  • Interested in acquiring a majority or meaningful minority ownership stake, with board involvement
  • A strong management team with a successful track record,
    and looking to retain a meaningful ownership stake
  • Situations where we are typically the first institutional investor

Spence Wilson, Jr.

Spence Wilson, Jr.

Principal

Professional Associations

Orange Lake Resorts, Board Member
Innova, Board Member
Active Implants, Board Member

Philanthropic Associations

National Civil Rights Museum, Board Member
Memphis Chamber of Commerce, Board Member
Chairman’s Circle, Immediate Past Chair
Cordaid, Advisory Board Member (Emeritus)
Memphis Transformed, Board Member
Memphis Brand Initiative, Board Member
Epicenter, Board Member, Treasurer
Christ United Methodist Church, Trustee

History and Current Role

Spence joined the company in 1995. He began his career in the operations of two different companies.  Then, in the early 2000s began to assist the company in its private investment activities where is still remains active today.  His primary focus here has been to seek out, analyze and recommend investment opportunities, particularly operating businesses. Additionally, he has oversight responsibilities for and serves on the Board of the Family of Orange Lake Resorts headquartered in Orlando, FL. He works closely with that company’s senior leadership on strategy development, key leadership hires and strategic relationships. He is also Chairman of Kemmons Wilson Insurance Group where he works closely with its senior leadership in developing short and long-term strategies.

Family

Spence is married to Stephanie and they have two children, Olivia and Spence III.

Education

University of Memphis (M.B.A., 2001)
University of Alabama (B.S. Commerce & Business Administration, 1992)

Hobbies & Interests

Family
Golf
Hunting
Fitness

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