Industrial arch bridge at blue hour, the _nclude Capital platform
Back to Home The _nclude Platform

One Partner.
Three Connected Capabilities.

_nclude Capital is the integrated operating and buy-side M&A partner that helps lean PE teams and lower-middle-market leaders turn investment strategy into measurable execution, from thesis through integration and exit.

Faster Implementation
Better KPI Visibility
Clearer Accountability
Reduced Leadership Burden
The Challenge

Fragmented Support
Fragments Outcomes

Most lower middle market companies and emerging PE managers cobble together their support from multiple advisors: a strategy firm here, an operations consultant there, an M&A advisor somewhere else. The result is predictable: misaligned priorities, slow decision-making, and gaps in accountability.

When no one owns the full picture, everyone owns a piece of the problem. Leadership ends up spending more time managing advisors than managing the business.

Siloed advisors pointing fingers at each other
Slow execution from misaligned timelines
Leadership bandwidth consumed by coordination overhead
Inconsistent reporting and unclear accountability
Value creation plans that never make it to execution

The _nclude Solution

We replace fragmented advisory with a single, integrated platform that coordinates value creation, operational excellence, and M&A advisory under one roof, with full visibility and clear ownership at every stage.

One partner owns strategy and execution
Faster decisions through integrated coordination
Leadership freed to focus on high-value priorities
Unified reporting across operations, finance & M&A
Value creation plans that get executed, not shelved
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Platform Architecture

Three Pillars. Fully Integrated.

Each pillar is built to interlock with the others, sharing intelligence, accelerating decisions, and compounding value creation at every stage.

01

Value Creation

From strategy to sustained performance

Value creation isn't a plan. It's a discipline. We embed proven frameworks into the operating rhythm of portfolio companies, connecting strategic priorities to daily execution with the accountability structures that make improvement stick.

Our approach starts with a rapid diagnostic to identify the highest-priority value levers, then moves immediately to implementation. No 90-day PowerPoint, just hands-on work alongside your management team.

Core Capabilities

Revenue Acceleration

Commercial strategy, pricing optimization, sales force effectiveness, and customer retention programs.

Margin Expansion

Cost structure analysis, gross margin improvement, overhead rationalization, and EBITDA bridge development.

Technology Enablement

ERP/CRM selection, data infrastructure, business intelligence, and digital transformation roadmaps.

Organizational Design

Talent assessment, leadership development, organizational restructuring, and incentive alignment.

02

Operational Excellence

Building the infrastructure of scalable growth

Operational excellence is where most PE-backed companies leave the most value on the table. Great strategies fail without the operational infrastructure to execute them. We build that infrastructure.

We bring genuine operating company experience to every engagement, having run businesses, built processes from scratch, and solved the exact challenges your portfolio companies face. This is what separates us from pure advisors.

Core Capabilities

Process Optimization

Lean methodology, waste elimination, workflow redesign, and operational throughput improvement.

KPI Architecture

Leading/lagging indicator frameworks, management dashboards, and performance accountability systems.

Supply Chain Optimization

Vendor management, procurement strategy, inventory optimization, and logistics network design.

Scalable Infrastructure

Systems, reporting, and operating cadences built to scale with growth, not slow it down.

03

Buy-Side M&A Advisory

Strategic acquisitions, executed with precision

Inorganic growth is one of the most powerful value creation levers in private equity, and one of the most complex to execute well. We bring full-cycle buy-side M&A capabilities designed specifically for the lower middle market.

Because we sit inside the operations of our client companies, we identify acquisition targets with real strategic clarity, not just financial screens. That integration between operational insight and M&A execution is our edge.

Core Capabilities

Deal Origination

Proprietary sourcing, intermediary relationships, and direct outreach programs for targeted deal flow.

Due Diligence Support

Operational, commercial, and financial diligence, with the operational lens that financial advisors miss.

Integration Planning

100-day plans, cultural integration, systems consolidation, and combined entity value creation roadmaps.

Exit Readiness

Quality of earnings preparation, management presentation coaching, data room management, and buyer positioning.

The Integrated Advantage

Why Integration Changes the Outcome

When value creation, operations, and M&A are coordinated by one team, the results are observable: faster implementation, improved margins, better KPI visibility, and reduced dependence on external coordination.

Fragmented Advisory
_nclude _nclude Platform
Decision Speed
Slow: advisors must be aligned before execution begins
Fast: one team moves from insight to execution in real time
Visibility
Fragmented: each advisor has a partial view
Complete: unified view across operations, finance, and M&A
Accountability
Diffuse: everyone owns a piece, no one owns the outcome
Clear: one partner owns commitments end to end
Leadership Capacity
Consumed: executives manage advisors instead of the business
Freed: leadership focuses on the highest-value decisions
Cost Efficiency
Multiple retainers with overlapping scope and coordination waste
Single engagement, unified scope, no duplication
Alignment
Advisors optimize for their scope, not your overall outcome
Fully aligned: we win when you win
Who Benefits

Built for the People Who Need It Most

Emerging PE Managers

Fund I and Fund II managers who need an integrated operating and M&A platform, without the fixed cost of building a large internal operating group. Extend your investment team with senior operating expertise from day one.

  • Strengthen diligence and investment-thesis development
  • Deploy value creation plans faster after close
  • Improve portfolio KPI visibility and LP reporting
  • Demonstrate a repeatable value creation model to LPs
Solutions for PE Managers

Lower Middle Market Companies

Companies navigating PE ownership, strategic growth, or ownership transition. We strengthen the business before the next stage, building the operating infrastructure, reporting, and accountability that supports scaling.

  • Reduce dependence on the founder or CEO
  • Improve margins, processes, and KPI accountability
  • Evaluate organic and acquisition-driven growth
  • Increase readiness for capital or a future transaction
Solutions for Company Leaders
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Turn Investment Strategy Into Measurable Execution

Whether you're a PE manager building your operating model or a company leader preparing for the next stage of growth, _nclude Capital is built to deliver observable outcomes, not just advisory services.

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