JOB LISTING
4 applicants
Investment/Acquisition Associate - Lower Middle Market
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Local/Remote
FRB Holdings
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McLean, VA, USA
About FRB
FRB Holdings is a permanent-capital family office that acquires and holds majority stakes in founder-owned American businesses. We are not a fund. No fundraise, no LPs, no investment-committee theater, no five-year clock, no forced exit.
The founder, Sunny Singh, built and sold a company that grew from $19M to $230M in revenue before its acquisition by a public buyer. The operating thesis is simple and proven across multiple industries: buy good businesses, work on them rather than in them, institutionalize operations, and compound through acquisition. You don't need prior domain expertise in any single sector, you need judgment.
What We Buy
Founder-owned, U.S.-based businesses with $2M+ normalized EBITDA
Durable, recurring cash flow in AI-safe industries: skilled trades, regulated services, essential infrastructure, businesses with real moats, low cap-ex
3–5x trailing EBITDA, majority control
What You'll Do
Source proprietary and intermediary deal flow; build and work sourcing platforms and broker relationships
Screen targets against our scoring framework and kill bad deals fast
Run diligence end-to-end: CIM analysis, quality-of-earnings, add-back normalization, customer concentration, owner-dependency, transferability
Build the model, pressure-test the thesis, and write the memo that says buy or pass, and defend it
Stay close to live deals through closing
Who You Are (Non-Negotiable)
Your entire career has been in the lower market. This is the filter that matters most. We want someone fluent in sub-$10M EBITDA founder businesses, the messiness, the seller psychology, the add-back games, the diligence traps that don't exist in large-cap land.
2–4+ years in private equity, investment banking, SMB acquisitions, or roll-ups, exclusively lower-middle-market / Main Street ($1–10M EBITDA range)
You've personally touched founder-owned deals: messy QoE, concentration risk, owner transition, real diligence
Strong modeling and a sharp nose for what kills a deal
Direct, low-ego, high-output. You'd rather pass on ten deals than talk us into one bad one
This Is Not a Fit If
Your experience is upper-middle-market, large-cap, or megafund LBOs
You've only worked sell-side on $100M+ transactions
You need a brand name, a deal team of twelve, and a defined ladder
Nice to Have
Operating exposure or a genuine interest in what happens after close
Experience with AI-assisted sourcing tools
Skilled-trades / industrial-services sector knowledge
How to Apply
Send a resume and a short note to @redacted
Local / Remote:
both
Location:
McLean, VA, USA
Preferred Start:
Aug 1, 2026
Hours Per Week:
Full-time: 40