Combining operator insight with elite talent and execution across essential businesses with government and commercial applications.

Thurion Capital is a Special Operations veteran led independent sponsor platform focused on acquiring, scaling, and integrating companies with essential services and capabilities with government and commecial applications. We combine elite leadership, operator insight, and human capital solutions with GovCon execution to de-risk, innovate, and generate investor returns.

Our operating partner, TCS GovCon, is a government contract platform operating in the largest area of government spending and specializing in professional services delivering end-to-end solutions in Human Capital, Integrated Logistics Support, and Risk Management. TCS provides Thurion the infrastructure to integrate acquisitions directly into government contracts, creating both defensive moats and offensive growth opportunities.

OUR INVESTMENT THESIS

Many don't understand government contracting, see too many barriers, or perceive risk. Those that enter chase “shiny objects.” Too often, these ventures never clear the valley of death, or fail on execution because they lack alignment with true requirements, GovCon pathways, and lifecycle support.

We see GovCon is a significant opportunity

Large multi-year contracts, of stable revenue in essential services that are very low risk, not affected by shutdowns or administration changes, and have commerical and government applications
Funded innovation in dual-use industries.
Increasing barriers to entry, fewer entrants, pushing others and smalls out
Ripe for M&A and rollups
Aligned with M&A, investment priorities
Access, Placement, and Insider-like information

Thurion model:

Start Where the Money Is: O&M, sustainment, and Integrated Logistics/Product support is the largest area of government spending, far outpacing R&D. The government's modernization framework requires lifecycle costs and readiness to be implemented in design.
Anchor Innovation in IPS: Because is touches sustainment, lifecycle, and modernization, it is the natural launchpad for new technologies — the place where problems are defined, measurable, and funded.
Leverage Operator Insight: Our SOF background and insight means we know what truly matters to the warfighter and how to align innovation with operational realities.

By beginning with O&M, Integrated logistics support, maintenance and core services, Thurion invests where the budgets are stable and then builds innovation on top of that foundation. This approach reduces risk while expanding upside.

Our Model for Value Creation: We bridge the gap Commercial <=> GovCon

Sourcing: Proprietary deal flow through TCS contracts, industry relationships, veteran/DoD/broker networks. We look for areas we can bring Talent and Recruiting as a strategic advantage, M&A, Risk Mgt, & Core service support.
Integration: Leverage contract vehicles/compliance to carry acquisitions into DoD. Bridge the govcon gap bringing govcon revenue to commercial companies and organically producing commercial offerings.
Execution: Special operations, veterans, and govcon expertise, bring operator insights, and elite execution
Innovation: Use IPS sustainment work as the proving ground for new tech — accelerating adoption and dual-use scaling.
Exit: Strategic roll-ups, sales to primes, or dual-use growth exits to PE/VC.

Criteria

o $1M–$6M EBITDA, $3M–$60M revenue.

o Government + commercial applicability.

o Founders/owners looking for exit or liquidity.

Sectors of Interest:

o Maintenance, sustainment, & modernization.

o Material handling and contested logistics.

o Lifecycle services and enabling technologies (AI/ML, predictive analytics, digital sustainment, sensors).

o Integrated Product Support (testing, training, simulation, modeling, technical data).

o Security & Risk Mgt

o Facility Support Services

o Workforce modernization & Human Capital solutions

OUR MISSION AND VISION

Thurion LLC is an independent sponsor focusing on the lower middle market in defense technology mergers and acquisitions. We leverage insight, leadership, and execution to generate returns while preserving what makes small businesses great.

WHY THURION:

We Anchor in the safe large budget areas of essential services and support.
We reduced Execution Risk providing domain expertise, contract vehicles, compliance, stacked capabilities and customer access.
We Ensure Fit: Operator perspective and GovCon expertise ensure startups and acquisitions are married to real requirements.
We Generate Returns: Stable cash flow + scalable innovation = asymmetric upside. Rollup strategies present multiple arbitrage opportunities.
SOF Business Concepts™ (SBC): Beyond capital, Thurion deploys SBC across its portfolio. SBC is a structured operating framework adapted from Special Operations Forces disciplines — planning, execution, risk management, and talent readiness. Every Thurion portfolio company gains access to this system, ensuring immediate operational lift, reduced execution risk, and measurable financial outcomes. This is our unique edge: not only do we invest where defense actually spends, we also bring the operator playbook that guarantees results.bl
Integrated Recruiting & Human Capital Solutions amplifying one of the most critical components to any business or acquisition.

Our mission is to facilitate partnerships and provide expert guidance to maximize value in strategic investments. We understand the intricacies of the defense sector and work diligently to enhance investor confidence in the marketplace.

Learn More

FOR SEARCHERS

The Problem

SBA-financed and first-time buyer acquisitions are failing more often than anyone admits.
New owners step into complex small businesses with no leadership bench, no talent system, and no real growth plan.
Key employees leave, sales stall, org structure is chaotic, and debt service starts to feel tight.
Lenders, sellers, and entrepreneurs all face the same fear:
“Is this deal going to default, or become the platform we hoped for?”

Most of these problems are not mysteries—they’re predictable and solvable with the right capital, leadership, and operating support.

Who We Are

Thurion Capital is an independent sponsor and operating advisor that buys, builds, and assists small businesses with potential in both government contracting and commercial markets.
We’re led by a former searcher and operator, Green Beret, and independent sponsor with deep experience in:
Small-business leadership and turnarounds
Human capital and organizational design
Government contracting, logistics, sustainment, and risk-focused services
We are not passive capital and not armchair consultants. We are an active investing operating partner.

What We Do

ETA & First-Time Entrepreneur Partnerships (Minority Stakes)
- Join from LOI through post-close execution
- Co-invest alongside the buyer
- Help shape deal structure, strategy, and leadership plan
- De-risk the opportunity in the eyes of all stakeholders
Platform & Add-On Acquisitions (Control Stakes) Acquire businesses in:
- Integrated logistics support, material handling, light industrial
- Sustainment, maintenance, core support services
- Human capital, training, and workforce modernization
- Risk management and security-adjacent services
- Operate and scale them directly within our GovCon + commercial ecosystem

How We Add Value

Hands-On Advisory & Operating Partner with Elite Leadership
- World-class leadership from SOF veterans who are experienced owner-operators
- We sit on the owner side of the table, not just in a report-writing role
- Build and execute 12–24 month operating plans to stabilize and scale
- Implement simple, disciplined systems for cash, sales, and operations
Human Capital Solutions
- Organizational design and role clarity
- Leadership alignment and performance management
- Recruiting and fractional / interim leadership for critical gaps
Government Contracting & Commercial Growth
- Leverage our GovCon platform (ILS, sustainment, human capital, risk)
- Open new government revenue streams and strengthen commercial sales
- Use our domain expertise to pursue dual-use opportunities
Capital
- Minority or majority investments aligned with long-term value
- Flexible structures for acquisitions, growth, and select turnarounds

Who We Serve

ETA Searchers & First-Time Buyers
- Need more than a loan and a webinar—they need a vested partner in the trenches
- Want capital, operating expertise, and a real leadership/talent bench
Owners & Small Businesses with Dual GovCon / Commercial Potential
- Looking for a strategic partner to scale, not just an exit
- May be underperforming or at risk of SBA default, but fundamentally sound
Referral Partners (Lenders, Brokers, CPAs, Attorneys)
- Need a credible operator-investor to step into deals with execution risk
- Want to protect closings and reduce default risk on SBA-backed companies

The Outcome

With Thurion involved, a small-business acquisition doesn’t have to be a gamble.
Deals are more likely to close, because an experienced sponsor and operator is attached.
The company stabilizes quickly: right leaders, clear org design, real talent strategy.
Revenue grows in two directions—commercial and government—rather than relying on a single customer or contract.
SBA loans are covered by real cash flow, not just pro forma optimism.
The business becomes a durable, scalable platform, not a stressful owner-operator job on the edge of default.

Thurion Capital turns risky small-business acquisitions into resilient, growing companies by combining experienced operating leadership, human capital, domain expertise, and government contracting capabilities—so entrepreneurs, lenders, and sellers can win together.