About Backer North

The Mandate: Unlocking "Stranded Assets"

We acquire and modernize Canadian service firms ($1M - $55M CAD EBITDA) where proprietary IP is trapped inside a legacy business model.

The Problem: The "Credibility Gap" The Canadian Middle Market is filled with successful service operators in Logistics, Insurance, and Compliance. They have built proprietary internal tools to survive, but they are not "tech builders." This creates a valuation dead zone:

• Private Equity sees "Tech Risk" (unproven code) and won't pay for the upside.
• Venture Capital sees "Services Drag" (lower margins) and passes.

The Backer North Solution We bridge this gap. We are operators who use a proprietary "Triple-Track" playbook to decouple the tech from the service, professionalize the roadmap, and unlock the asset's full enterprise value.

We Engage Via Two Tracks We are flexible capital. We structure deals based on the founder's timeline:

1. Strategic Acquisition For owners ready to exit now. We acquire the business to build, not to cut. We preserve the legacy culture while deploying our "Operational Capital" to modernize the back office and scale the technology.

2. The Partnership Path For owners 1-3 years from an exit. We embed as strategic partners to fix the "Office Bottleneck" and de-risk the business before a transaction. We validate the tech roadmap and institutionalize financials, ensuring the founder captures the maximum value upon exit.

Priority Verticals (Q1 2026) We are actively seeking profitable service businesses with "Hidden IP":

• Logistics & Supply Chain: Customs Brokers adapting to CARM; 3PLs with custom WMS.
• Niche Insurance (TPA): Claims administrators with proprietary adjudication platforms.
• Compliance & Consulting: Engineering or Environmental firms productizing internal data models.