Preserving Your Legacy...
We take a PEOPLE first mentality...

AJAX is a private capital company that makes ownership investments in lower middle market companies with positive historical performance. We are operators who work with founders and business owners who have built stalwart businesses but are ready to make a change in ownership.  Moreover they want to see the teams the developed continue and thrive.  Yes we are buying your company, but we are investing in your People.

In a "change of control" investment, we take great care as new owners to preserve what has been built.  We uphold the quality of the services that have made the company great and the people behind it who made it that way.  

We operate on a system of proprietary playbooks for Sales, Marketing, Customer Success, Finance, and HR. The playbooks are based on 15 years of business success and are applicable to a wide range of industries and a key reason for our success.

Investment Criteria

Investment Size – $1MM to $7MM in total Enterprise Value

Historical Financial Performance
– Historical performance of achieving 15%+ EBITDA or SDE margins and revenues in excess of $1.5MM

Stable Demand
– We like businesses that are non-cyclical

Industries
- We are industry agnostic and prefer B2B businesses in the professional and industrial services, manufacturing and related verticals--we do not invest in restaurants, franchises or other related hospitality industries

Our Team

Nick Fraunfelder / Managing Partner

Nick has been investing in and operating companies for over 15 years. Notable investments include: Clockwise.MD, PurpleCloud Technologies, and Ford Frye Restaurants.  He holds a B.A. from Baylor University, M.A. from Claremont Graduate University, and an M.B.A. from the University of Southern California.  He lives in Roswell, Georgia with his wife of 24 years and his three children.  He loves playing tennis, hanging out with his kids and enjoying a good laugh.





What we Believe

Our Operating Values

Grow 2 Thrive

Growing People - We invest in our team members, treat them fairly and justly. We invest in training and give stretch assignments so that everyone gets out of the experience what they put in.

Thoughtful Processes - Every process is documented in a playbook so that each individual knows their role and responsibilities. Defined processes prevent problems from arising and eliminate fire drills.  Each process is measurable. We like to keep score, it's nice to know when we are winning.

Evangelical Customers - Customers are our lifeblood. If our team feels valued and heard, they will in turn value and hear our customers, delivering outstanding service and going that 2nd mile. Our aim is to deliver products and services that delight our end users, so much so they tell their friends,

Thriving Company - A company is a living organism with its own personality and health. It can be ripening or rotting. If we commit to invest in one another, adhere to disciplined processes, and deepen customer relationships;  we will build a company that will  stand the test of time.