Ontario · Commercial Property Services
Building enduring
property service
platforms.
Culvert Equity Partners acquires and grows commercial landscaping, snow management, and property maintenance businesses across the GTA and Hamilton region. We partner with founders who've built something worth preserving.
How We Work
A disciplined
buy-and-build strategy.
Identify
We seek established owner-operated businesses in commercial landscaping, snow & ice management, and parking lot maintenance — operators with loyal contract bases and succession considerations.
Acquire
We complete fair, straightforward transactions — typically at 3–5× EBITDA — with flexible structures that respect what owners have built and ensure employees and clients are taken care of.
Integrate
Acquired businesses are brought onto shared operations, technology, and procurement infrastructure — driving margin improvement without disrupting client relationships or field teams.
Build
We assemble a multi-service, four-season platform that commercial property managers and institutional clients can rely on — one relationship, one invoice, year-round coverage.
Investment Thesis
The GTA and Hamilton region supports a $180B+ annual landscaping and property services economy — yet the vast majority of operators remain small, owner-run, and fragmented.
Institutional capital has proven the roll-up model in the United States. Culvert Equity Partners is applying that same discipline to Ontario's commercial property maintenance sector — building a platform that commands premium valuations at exit while delivering superior service in the meantime.
Acquisition Criteria
What we look for in a business.
We're straightforward about what makes a business a strong fit. If yours checks most of these boxes, we'd like to talk.
Discuss Your Business-
Service area
Operating in the GTA, Hamilton, or surrounding Golden Horseshoe region
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Revenues
$500K to $5M in annual revenue with commercial clients making up the majority
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Verticals
Landscaping & grounds, snow & ice management, or parking lot/line marking services
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Recurring contracts
Established client relationships with repeat or season-over-season contract renewal history
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Transition readiness
Owner considering retirement, partial exit, or is open to a structured transition timeline
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Operating history
5+ years in business with a track record of reliable service delivery
Get In Touch
Let's have a
straightforward conversation.
Whether you're exploring a sale, curious about valuation, or just want to understand the process — we're easy to talk to. No pressure, no confidentiality required for a first conversation.