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INDEPENDENT SPONSOR - TAMPA, FL
Operator-Led Acquisitions in Dual-Use Services, Defense Tech & Essential Businesses
Thurion Capital is a Special Operations veteran-led independent sponsor acquiring and operating companies in defense services, dual-use technology, and government contracting — where operator insight is the edge.
Built to Consolidate a $180B Fragmented Market
WHY THURION
GovCon engineering services is the largest area of government spending — almost entirely fragmented across small, owner-operated firms with no institutional backing, no succession plans, and no growth infrastructure. That is both the problem and the opportunity. Thurion Capital was built specifically to consolidate this space — led by an operator who already owns and runs the platform's anchor company.
The Operator
Led by a retired Special Forces Green Beret who acquired and currently operates TCS, a GovCon engineering firm with SDVOSB certification, active contract vehicles. Not a thesis on paper — an operating platform with a two-year track record and ~30% organic EBITDA growth.
Structural Advantage
Thurion has a combination few can replicate: Special Forces background and veteran edge, operator first mindset and experience, Govcon expertise plus B&P team, business acumen, successful startup and founder experience, in-house human capital firm, and elite leadership. Every acquisition integrates into this infrastructure on day one.
Market Opportunity
Founders of high-quality GovCon firms are aging out with no succession plans. Strategic acquirers ignore this segment because individual targets are too small. The result: sticky, contract-backed revenue at reasonable multiples — available to operators who know the space.
4 PHASE VALUE CREATION
THE THURION MODEL
Acquire & Integrate
01
YEAR 0 - 1
Acquire mission-critical GovCon services firms at fair multiples. Day one: integrate into TCS contract vehicles, install working capital facilities, stand up dedicated BD, and unlock SDVOSB set-aside eligibility. Seller stays as operations lead — we are the growth engine.
03
Commercial Rev
YEAR 1 - 5
Organic Growth
02
YEAR 1 - 3
Win new direct government contracts through SDVOSB set-asides. Cross-sell capabilities across portfolio companies. Expand existing contracts through mandated work-share provisions. Our recruiting company feeds talent directly into new contract wins.
Tuck-Ins & Exit
04
YEAR 1 - 5
Every acquisition we target has dual-use potential. That means a second revenue stream with higher margins, and much shorter sales cycles. Diversification that's built into the asset with the ability to innovate quickly.
Strategically acquire small dual-use firms to add strategic capabilities, markets, and customer diversification, and well as support win strategies. Build a diversified, institutionally-managed platform that strategics and larger PE firms compete to acquire.
OUR PARTNERS
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