# Prospect Partners

Chicago, Illinois. Calls its target the pre-middle market, which is genuinely small: the range where a self-funded searcher is a real rival bidder. Fund V closed at $225M.

- Website: https://prospect-partners.com/

## The Firm

Prospect Partners has been buying genuinely small companies since 1998, more than 175 investments across dozens of industries, with a stated target of $3 to $10 million of EBITDA on revenues of $15 to $100 million, a range it names the pre-middle market. Fund V closed at $225 million, small by design, because the firm's whole thesis lives below where larger funds can afford to look.

Its self-described selection filter is Entrepreneurial IQ, the ability to understand and resource entrepreneurs, and the target is a passionate management team at an inflection point, often taking institutional capital for the first time. The registry deals show the model in miniature: two managed-service providers bought into its Entech platform within four months.

This is the firm a self-funded searcher most literally competes with, because the bottom of Prospect's EBITDA range overlaps the top of a searcher's. A searcher's counter is speed and personal commitment against a firm that has run this exact play 175 times. For an interview, the load-bearing facts are the 1998 founding, the pre-middle-market coinage, the EIQ language, and the deliberately modest fund size.

Read again in September 2026: the IT platform's newest addition is a partnership whose release never says acquire, though the brand is retired and its owner joined as an employee, which is what a purchase looks like in the platform's own words. The sponsor's page reprints its platforms' releases under its own byline days later, so the platform's dateline is the day.

## In Its Trades

- MSP: https://searchspheresource.com/guides/buying-an-msp

The other confirmed bidders: Alpine Investors (https://searchspheresource.com/buyers/alpine-investors), Evergreen Services Group (https://searchspheresource.com/buyers/evergreen-services-group), Kingsway Corporation (https://searchspheresource.com/buyers/kingsway).

## Confirmed Deals

Deals traced to announcements, newest first. Firms that announce every deal show a fuller run here than firms that report acquisitions as quarterly counts, so read this as the evidence that clears the bar rather than as the firm's whole record.

- Florida Technology Specialists (into Entech) (2026-09-09): A Florida managed IT company taken as a partnership; the brand retires this year and its owner joined the platform. Source: https://www.entechus.com/news/entech-and-florida-technology-specialists-partner-to-expand-technology-services-for-florida-businesses
- C2 Computer Services (into Entech) (2026-02-10): A Coral Springs managed-cybersecurity and IT provider, extending Entech across South Florida. Source: https://www.entechus.com/news/entech-expands-florida-cybersecurity-it-ai-footprint-with-acquisition-of-c2-computer-services
- INOVATIV (into ProClip) (2026-01-22): A premium equipment cart and workflow brand bought by the firm's mobile mounting platform; not managed IT. Source: https://prospect-partners.com/proclip-acquires-inovativ/
- LAN Infotech (into Entech) (2025-11-10): An award-winning South Florida IT services firm folded into the Entech platform. Source: https://prospect-partners.com/entech-accelerates-florida-growth-with-strategic-acquisition-of-lan-infotech/

Also on this site: https://searchspheresource.com/buyers
Source: https://searchspheresource.com/buyers/prospect-partners
Last checked: 2026-09-09

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