Veteran-led. Operator-owned. Built for the long-term.
Lagom is a Swedish concept meaning balance - not too much, not too little.
It shapes how we approach business ownership: measured, sustainable, and built to last. We acquire small businesses from owners who care about their people and their legacy, and we grow them by strengthening what already works rather than replacing it.
What We’re Looking For
We’re looking for a single business with revenue of $2-8M and $500K - $1.5M of EBITDA. We prefer businesses with 10+ years in the market and stable or growing revenue. Flat is fine, but unexpected swings are not.
Target Industries: underground infrastructure, sewer & drain, hydrovac excavation, environmental compliance, utility-adjacent service, and other related industrial or infrastructure field services.
Geography: Minneapolis/Twin Cities metro, within 60 minutes.
What Makes a Good Fit
A strong local reputation built over decades. Repeat or recurring demand such as maintenance contracts, compliance work, or emergency calls. A workforce that can be trained and developed. A seller who cares about legacy and is willing to support a real transition.
What Doesn’t Fit
We pass on businesses where the owner is the sole rainmaker with no transition plan, where revenue depends on a single license we can’t replace, where one customer represents 30%+ of revenue, or where margins spike without explanation.
For Sellers
Selling a business you built isn’t just a financial transaction. It’s a decision about your employees, customers, and your reputation within your community. We take that seriously.
We’re not a private equity firm. We don’t buy businesses to flip them or cut costs to inflate a number. We buy one business then run it. That means we’re invested in the same things that you are: keeping good people, taking care of customers, and protecting what makes your business worth something in the first place.