North Atlantic Fund I
Meridian Capital
North Atlantic Fund I is Meridian Capital's inaugural institutional buyout vehicle, targeting lower-middle-market companies across fragmented North American industries. The fund focuses on platform acquisitions with strong free cash flow generation, roll-up potential, and clear paths to operational improvement.
Raise Progress
USD 72.0M
of USD 150.0M target
48% raised
This is not a subscription. Expressing interest initiates a conversation with the Pier team.
Investment Thesis
Meridian targets businesses generating USD 5–25M EBITDA in sectors characterized by fragmentation, recurring revenue, and mission-critical services. The team has proprietary sourcing relationships in industrial services, specialty distribution, and business services — segments where there is limited GP competition at the deal size and geography. Value creation is driven by operational improvements in the first 12–24 months, followed by bolt-on acquisitions and selective pricing optimization. The team averages 22 years of lower-MM buyout experience.
Focus Sectors
Documents
Location