PYEK Capital

Adapting, learning, improving. Always.

Empowering growth through strategic investment and long-term partnerships.

Approach

A trusted partner with a growth mindset. 

Pyek Capital is a private investment firm focused on acquiring lower middle market companies. We partner with entrepreneurs and management teams as the first institutional capital to acquire and grow high quality, profitable businesses for long term value creation. We provide flexible capital solutions, strategic guidance and operational support to help our portfolio companies achieve full potential. Pyek Capital’s founders use their 50+ years of collective experience to invest in targeted industries, with a focus on niche sectors where they have deep expertise and insight.

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Patient

Create value for the long haul, there are no shortcuts for anywhere worth going.

Growth-Oriented

Organic growth is the preferred focus, although acquisitions and add-on investments can strategically complement the growth of the business.

Supportive

We don’t have all the answers, and we’re not here to pretend we do. If we can’t solve it together, we’ll reach out to our advisors and network to find the right solution.

Easy

We aim to be straightforward, communicative, practical, insightful, and decisive. While not all situations are easy, following the golden rule helps us navigate challenges and build strong, lasting relationships.

Investment Criteria

Financial
Industry
Geography
Characteristics
Situations
Revenue:  $5-$50 million

EBITDA/Earnings:  $1-$10M

EBITDA/Earnings Margin:  10%+

Top Customers:  less than 15% of revenue
Industrial / Manufacturing

Value Added Distribution

Outsourced Services

Technology Enabled/Software or SaaS
U.S.-based businesses, preference for headquarters East of Rocky Mountains

Majority of revenues are with domestic customers
Entrepreneur or family-owned businesses; first institutional capital

Recurring or repeating revenue and underlying demand characteristics

Predictable cash flow

Easy to understand business model

B2B focus on high value proposition for commercial customers

Asset light businesses with attractive free cash flow

Attractive, untapped growth opportunities

Start ups are not our jam
Management Buyout

Current management needing capital to support buyout

Management team looking to acquire business

Succession Planning / Exit / Owner Transition

Family ownership transition (1G – 2G – 3G)

Owner retirement (or estate management)

Partner Buyout

Growth Opportunities

Larger growth capital / capex (i.e. new facility, large equipment buys)

Acquisition capital and support

Merger / combination with like sized business

Corporate Divestitures

Non-core business units with proven management / operators

Easy lift outs or hairy and complex deals

Distressed / Turnaround

Good company, bad balance sheet situations

Needed / opportunity for substantial operational improvements

Investment Themes

We partner with innovative companies to drive growth in industrial manufacturing, value-added distribution, outsourced services, and technology-enabled solutions. Our focus on transformative strategies and advanced technologies empowers businesses to optimize operations, expand markets, and lead their industries.

Key Sectors of Interests

Industrial Manufacturing

Plant Maintenance
Safety/Compliance
Recycled Parts
Packaging Machinery
Advanced Technologies

Value-Added Distribution

Specialty Distribution in HVAC
Medical Equipment
Food & Beverage
More

Outsourced Services

Fleet Management
Logisitics Support
Facilities Services
Environmental Solutions
HR Outsourcing

Technology & SaaS

Scalable Saas Platforms
AI
IoT
Fintech
EdTech

Leadership

Who Are We?

The Pyek Capital leadership team comprises industry leaders experienced in creating world-class experiences. Our team boasts a diverse background with a proven track record of success.
Ray DeLaughter

Ray DeLaughter

Founder and CEO

Jerry Boettecher

Jerry Boettcher

Partner

Zac Frost

Zac Frost

Partner

Ray DeLaughter
Ray DeLaughter

Founder and CEO

Ray DeLaughter is the founder and Managing Partner of PYEK Capital. He has a unique skill-set that comes from experience as a small business owner and experience consulting with Fortune 500 companies. Before starting Pyek Capital, Ray worked in the Mergers & Acquisitions and Restructuring Group at Deloitte Consulting. He has extensive experience in finance, including budgeting & forecasting, performance management, organization restructuring, and investment due diligence. Ray has a BA in Finance from Texas A&M University and an MBA from the University of North Carolina.

Jerry Boettcher
Jerry Boettcher

Partner

Jerry Boettcher has experience as a sole proprietor, manager of a multi-office office sales team, and as an adviser to C-suite executives in the areas of finance and business development. Focus areas include financial modeling, data analytics, BI development, reporting, and project management. Jerry has a BA in Religious Studies from Rice University.

Zac Frost
Zac Frost

Partner

Zac Frost has a unique background and skill set that comes from over two decades of leadership experience in corporate finance, investment banking, capital markets, and mergers & acquisitions (M&A). He successfully worked with Fidus Partners, Brookwood Associates, Lazard, and Banc of America Securities, held operating roles with First Data and West Corporation, and has partnered with clients both small and large, on a national and international scale. He has a passion for working with high performing owner/management teams and businesses that are on significant growth trajectories.

Zac has served on several not-for-profit board of directors including the Association for Corporate Growth (ACG) Charlotte chapter, and actively serves within his church’s leadership team. Zac earned a BA from Bowdoin College (where he played on the men’s soccer team) and earned an MBA from the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill.

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