An Operator’s Perspective. An Executive’s Commercial Discipline. An Owner’s Mindset.
Acquiring Established
Businesses.
Building Enduring Value.
Marshall Investment Holdings is an independent acquisition sponsor focused on identifying, evaluating, and pursuing control-oriented investments in established lower-middle-market businesses.
Our approach combines disciplined acquisition analysis, experienced operating leadership, transaction-specific capital partnerships, and strategic commercial growth. We seek businesses with strong operating foundations, established customer relationships, and opportunities to create sustainable enterprise value.
Seeking acquisition opportunities nationwide, with a primary focus on the Pacific Northwest and Sun Belt markets.
Acquisition fit
Full acquisition criteria →- Revenue
- $3M–$10M annual revenue core focus, with larger and select other opportunities considered.
- Sectors
- Business and outsourced services, industrial and field services, and government services.
- Geography
- Nationwide interest, particularly the Pacific Northwest and Sun Belt.
- Business quality
- Positive earnings, durable cash flow, and management continuity or a credible transition plan.
Criteria remain flexible. Business quality, management depth, strategic fit, and financing feasibility guide evaluation; no fixed earnings ceiling applies.
Founder Experience — Professional & Military Leadership
Owner.
Operator.
Investor.
Marshall Investment Holdings was founded by Chelvis “CJ” Marshall to acquire, lead, and grow durable businesses as an independent sponsor — structuring capital for each transaction alongside aligned partners.
MIH seeks to combine an operator’s perspective, an executive’s commercial discipline, and an owner’s mindset with experienced management teams and transaction-specific investment capital to acquire and grow established businesses.
His Entrepreneurship Through Acquisition (ETA) residency at Syracuse University informs MIH’s independent sponsor approach: evaluate established businesses, plan ownership transitions, and build value with experienced operating leaders. It complements his senior Navy engineering leadership, complex enterprise sales, M&A advisory internship, and Whitman MBA studies in Entrepreneurship and Marketing.
Initial focus on essential sectors.
Business & Outsourced Services
Industrial & Field Services
Government Services & Mission Support
What we look to own.
For managed businesses, adjusted EBITDA reflects appropriate management compensation. SDE is used only for smaller owner-operated opportunities.
- 01$3M–$10M annual revenue core focus; larger opportunities considered→
- 02Positive adjusted EBITDA and durable cash flow→
- 03Recurring or repeat customer relationships→
- 04EBITDA margins near or above 25% (flexible)→
- 05Experienced technical or operations leadership able to remain→
- 06Owners seeking succession or a recapitalization→
- Adjusted EBITDA
- Positive
- Margins
- ~25%+ preferred
- Geography
- Nationwide · PNW & Sun Belt
We evaluate each opportunity individually and pursue a financing structure suited to the business, its cash flow, and the ownership transition.
Full investment strategy →
Chelvis “CJ” Marshall
Marshall is an enterprise sales executive and retired U.S. Navy Senior Chief whose commercial, engineering, organizational leadership, and M&A advisory experience inform MIH’s operator-led independent sponsor approach.
- Led a 137-person engineering department aboard USS McCampbell (DDG-85).
- Ranked #1 in Pacific Zone electrical sales in both 2024 and 2025.
- Syracuse Entrepreneurship Through Acquisition residency; Whitman MBA candidate, expected December 2026.