Tentt
Confidential origination memo
Prepared 29 April 2026
Tentt × VSS Capital Partners
Prepared for
VSS Capital Partners

Business development program scoped for VSS.

Inside: a one-paragraph read of your mandate, 5 real companies we'd put in front of you this month, the signals we'd track for you, and how we'd run it.

v.04.29 · Confidential
For David Walker-Dobson, Tentt Founder
4-minute overview · David Walker-Dobson

Why we built this for VSS, and what running it would look like.

01 What we understand about your mandate
You back lower middle-market healthcare, business services, and education businesses, $3-15M EBITDA, founder-owned and family-operated, primarily across the United States. Your flexible capital structure supports growth financings, recapitalizations, and add-on acquisitions, with control or non-control positions tailored to each company's objectives. Recent activity includes platforms like Treya Partners in outsourced business services and Olympus Cosmetic Group in specialty healthcare.
VSS Capital Partners website
vss.com · 29 April 2026
02 Companies we'd put in front of you this month
5 companies in your universe. 5 we'd open conversations with first.
Stites & Harbison
Kentucky · 10-50M revenue
Regional law firm, founder succession angle
Multi-practice regional firm, Kentucky-based, $10-50M revenue band. Direct adjacency to Lumenci in outsourced legal services infrastructure.
Scott Douglass & McConnico LLP
Texas · 10-50M revenue
Texas regional, founder-operated law practice
Regional law firm, Texas footprint, $10-50M revenue. Founder-operated structure fits your legal services thesis alongside Lumenci.
Carolina Case Management
North Carolina · 0-1M revenue
Healthcare services, North Carolina micro-cap
Case management services, healthcare vertical, North Carolina. Sub-$1M revenue puts it below band but adjacency to Olympus Cosmetic Group playbook.
The Ward Law Group PL
Florida · 10-50M revenue
Florida personal injury, founder-led practice
Personal injury law firm, Florida-based, $10-50M revenue. Founder-operated legal services model, direct adjacency to Lumenci infrastructure.
Goodspeed Merrill
Colorado · 1-10M revenue
Colorado boutique, lower end of band
Boutique law firm, Colorado, $1-10M revenue. Lower end of your EBITDA band but fits founder-operated legal services thesis near Lumenci.
03 Signals we'd track for you

Six categories. Forward-looking. Tracked across your universe.

None of these are claims we've already detected anything. They're the patterns we'd watch for, daily, on the universe of companies we'd build for you.

Leadership changes
New senior hires (CEO, CFO, Chair) commonly precede transaction processes by 6 to 12 months.
Watch: Companies House officer history, LinkedIn role changes, press releases.
Hiring pattern changes
Rapid senior team builds and sustained downsizing both correlate with capital events. The shape of the hiring curve is often more predictive than any single hire.
Watch: LinkedIn employee growth, posted job listings, departure patterns.
Capital structure events
Debt refinancings, charges register filings, and equity rounds signal upcoming inflection points and often precede a process by 9 to 14 months.
Watch: Companies House charges register, public funding announcements.
Founder activity signals
Public framing about "next chapter", succession, or sustained retirement language predicts owner-led exits more reliably than any structural signal.
Watch: LinkedIn posting patterns, trade press interviews, third-party adviser engagement.
Capacity and geographic moves
Site expansions, planning applications, and new regional offices commonly precede growth financing or sale processes.
Watch: planning applications, Land Registry filings, press announcements.
Sector activity
Peer transactions reset valuations and unlock founder thinking. Tracking the bracket matters more than tracking any single account.
Watch: trade press deal coverage, sponsor exit announcements, public filings.
04 Sample outreach

Two emails. Real drafts, in your voice, ready to send.

Sent under your name, never as Tentt. Day 0 is the cold open with named-portco proof. Day +4 is the threaded follow-up with market data.

05 How we'd run it

Three concrete ways we'd build pipeline for VSS.

Playbook 01 · Add-ons
Adjacencies for Treya Partners

Map outsourced business services and back-office support adjacencies across the mid-Atlantic and Northeast, targeting founder-led firms serving similar enterprise clients. Direct founder outreach, framed as add-on conversation under your existing platform.

Playbook 02 · Reactivation
Mandate-fit dormant pass

Run your existing CRM against your deployed-shape filter. Surface dormant prospects whose situation has changed: new owner, new financing event, new senior hire. Single wave, founder-direct, framed as a check-in.

Playbook 03 · Sector deep-dive
Founder-owned healthcare services across the US

Saturate your strongest healthcare sub-sectors with founder-direct outreach across the entire deployed-shape universe, prioritising specialty services, pharmaceutical support, and cosmetic medicine. Eight to ten weeks of waves, prioritised by the strength of each company's fit signals.

06 What we run for you

Deal origination, run end-to-end, under your brand.

Tentt runs deal origination as a service for private equity, M&A advisors, investment banks, and lenders. We build the target list, write the outreach in your voice, and send cold-email campaigns from authenticated infrastructure in your firm's name. Completely whitelabeled. Recipients see your firm; replies route to your CRM; we never appear in the conversation.

07 Close

The data is yours. The conversation is the next step.

The full list of 0 additional companies is available to download above. When you've had a chance to look through it, book a 30-minute briefing and we'll walk through how we'd run a campaign against the priority cohort.

David Walker-Dobson · david@tentt.com · tentt.com
v.04.29 · Confidential