We are Business Builders Transforming Traditional B2B Service Companies

Capital. Expertise. Results.

We work alongside management teams to modernize systems, optimize operations, and drive compounding growth.

  • Our team has over 17 years of experience in investing in secondary markets out of our headquarters in South Bend, IN.

  • Our approach combines technology adoption with operational improvements to create durable competitive advantage.

  • Our in-house technology teams design, build, and deploy scalable technology solutions across our portfolio.

  • Our team works side-by-side with management to professionalize finance functions and technological infrastructure.

  • Our buy-and-build model allows us to engage deeply and change the trajectory of a business.

Where We Invest

We invest at the intersection of overlooked service companies, underserved markets, and technological lags. While frontier technologies are tested in coastal markets, adoption often lags in traditional industries across secondary regions. We bridge that gap by embedding transformational technology into traditional companies to drive sustainable value creation from within.

B2B Service Companies

We target founder-led and family-owned B2B service businesses in the healthcare, technology and business services sectors with $2 - $10M of EBITDA.

While we take controlling equity positions, we focus on operators who recognize they can go further with us as a partner and ask them to retain a significant portion of rollover equity.

Underserved Markets

Secondary markets are full of durable, relationship-driven businesses that often lack access to innovation capital.

These companies are often led by teams eager for hands-on partners like us who bring more than just money.

Technological Transformation

Every decade, a technological breakthrough like the internet, cloud, or AI transforms how businesses operate. Once de-risked, these technologies create pressure to modernize, forcing traditional companies to either adapt or fall behind.

We invest to accelerate that transformation and capture the value it unlocks.

EVOLVE
Our Tech-Led Value Creation Engine

Every decade brings transformational technology that reshapes how industries operate — from the internet, mobile, and e-commerce to cloud and AI.

Most lower-middle market businesses have deep domain expertise and strong customer relationships but lack the technology understanding and capabilities to evolve.

EVOLVE is our hands-on, tech-led playbook for transforming established companies into platforms from the inside out.

Evaluate
Visualize
Orchestrate
Launch
Validate
Expand

Building smarter, stronger companies—together.

For nearly two decades, Graham Allen Partners has been transforming overlooked, lower-middle market B2B service companies into tech-enabled platforms.

A Purpose-Built Team to Execute Our Strategy

  • Tracy Graham

    Managing Partner, CIO

    Executive Committee

  • Lauren Carroll

    Partner, CFO

    Executive Committee

  • Brent Kitts

    Partner, Investments

    Executive Committee

  • Rob Klinger 

    Partner, Investments

    Executive Committee

  • David Roos 

    Director, Capital Markets

    Investment

  • Dianna O’Hara

    Senior Associate, Investments

    Investment

  • Jack Walsh 

    Senior Associate, Investments

    Investment

  • DJ Brown

    Associate, Investments

    Investment

  • Tom Panozzo 

    Chief Technology Officer 

    Portfolio Operations

  • Shawn Kohn

    Director, Data Platform

    Portfolio Operations

  • Brian Ritz 

    Director, Data Science 

    Portfolio Operations

  • Jason Mascari

    Director, Data Platform

    Portfolio Operations

  • Katherine Radinovic

    Director, Portfolio Operations

    Portfolio Operations

  • Vito Brunetti

    Senior Associate, Portfolio Operations

    Portfolio Operations

  • Max Manta

    Associate, Portfolio Operations

    Portfolio Operations

  • Tyler Mowery 

    Director, Financial Operations

    Portfolio Operations

  • Dylan Henry 

    Senior Associate, Financial Operations 

    Portfolio Operations

  • Jana Jenkins

    Director, Controller

    Firm Operations

  • Vessy Tyler 

    Director, Portfolio and Partner Experience 

    Firm Operations

  • Marcia Tatay

    Compliance Manager

    Firm Operations

  • Brian Davis 

    Senior Associate , Investor Relations

    Firm Operations

  • Kira Conner

    Senior Associate, People Operations

    Firm Operations

  • Jessica Kitchens

    Executive Assistant to the Managing Partner

    Firm Operations

SOUTH BEND

100 E. Wayne Street, Suite 450
South Bend, IN 46601

CHICAGO

303 W. Madison St, Suite 750
Chicago, IL 60606

© Graham Allen Partners, LLC. Privacy Policy