Shore Capital Partners (Shore), a strategic private equity firm focused on microcap investing in the healthcare, food and beverage, business services and real estate industries, has appointed Brad Morehead as partner and head of the firm’s business services fund.
In his role, Morehead will continue the firm’s strategy to deploy industry-focused funds. He is responsible for partnering with business services entrepreneurs and companies with USD1 million to USD10 million in EBITDA to drive transformational growth. Morehead will lead partnerships and transactions, including investment sourcing and valuation, transaction structuring and corporate development. Within business services, the team will initially target pest control, managed service providers, outsourced retirement/benefits services, distribution/logistics, fire and life safety services, insurance brokerage and distribution businesses, pool maintenance services, environmental/disaster remediation and services, and RIAs.
“It is my pleasure to welcome Brad to the Shore team,” says Justin Ishbia, Managing Partner. “Brad’s impressive track record and deep understanding of business services will be a key driver of our growth. His entrepreneurial and leadership background, paired with his passion for partnering with founders, is centre of the target for our firm strategy to support great small businesses with oversized investment, operational and network resources to de-risk the investment and accelerate success. We look forward to all Brad will accomplish adding to our current portfolio of 27 companies, encompassing 17,000 employees.”
“I am thrilled to join the Shore team to lead the firm’s business services efforts,” says Morehead. “Shore provides more than just capital to small businesses; we are a true partner to business owners and roll up our sleeves. Shore has a history of helping microcap companies become regional and national powerhouses. I am excited to partner with entrepreneurs to grow their businesses and wealth to the next level by supporting companies with the people, capital, tools, technology, recruiting and operations resources of a Fortune 500 company.”
