Search Fund  ·  Toronto, Ontario

Acquiring & operating a great Canadian business

Acernus Capital seeks to partner with business owners planning a succession or full sale — bringing operational expertise, data-driven leadership, and long-term commitment.

Get in Touch

About Acernus Capital

Acernus Capital seeks to acquire and operate a medium-sized business, or to enter a succession plan with a business owner who is planning to gradually reduce day-to-day management and transition the business.

Acernus Capital is not a private equity firm — it is a founder-operator model. Lanson will join the acquired business as an owner-operator, working alongside the existing team to preserve the company's culture and build on its success.

Integration

Lanson will join the business as its operator and partner with the existing management team, preserving culture while driving sustainable growth.

Aspiration

Acernus Capital aspires to build on the value that owners have created — ensuring customers continue to be served with excellence and employees are protected.

Personal Investment

Lanson has assembled a syndicate of investors and will make a meaningful personal financial commitment to fund the acquisition or succession plan.

What We Are Looking For

Businesses should satisfy a number of the following financial, business, and industry criteria:

Financial Criteria

  • Revenue$3M – $30M
  • Gross Margins30%+
  • EBITDA Margins15%+
  • EBITDA$500K – $7.5M

Business Criteria

  • LocationOntario-based
  • SalesRecurring / repeat
  • Customer concentrationLow
  • CapExLow to moderate

Industry Criteria

  • Market growthModerate to high
  • CompetitionFragmented
  • CyclicalityLimited
  • Tech disruption riskLow

Seller Attributes

  • Owner seeks to divest 80%+ of the business
  • Owner seeks to sell a non-core division
  • Succession plan — gradual management transition
  • Owner may consider seller financing

Sample Industries

Business Services Industrial Manufacturing Residential Services Technology Utilities Distribution Healthcare Services

If you are aware of an opportunity, please contact us. We would be delighted to connect with you.

A Unique Opportunity for Sellers

Acernus Capital provides business owners with a distinctive partnership model, built on transparency, flexibility, and a genuine long-term commitment.

Flexible Transaction Structures

Acernus Capital will structure transactions to satisfy a business owner's financial objectives (e.g., enabling tax plans) and personal objectives (e.g., offering an ongoing advisory or operating role).

Customer & Employee Continuity

Acernus Capital will collaborate with business owners to ensure continuity for customers and employees throughout and following the transition.

Long-Term, Committed Partner

Acernus Capital is not a short-term turnaround fund — we are a committed partner with an indefinite, long-term plan to grow and operate the business.

Operational Expertise & Network

Lanson brings a proven track record in strategic finance, data infrastructure, and cross-functional leadership — backed by a network of investors and advisors.

Lanson Van Dyke

LVD

Lanson David Van Dyke

Principal, Acernus Capital  |  Toronto, Ontario

TELUS Health — Senior Lead, Strategic Finance Bell Canada — Operations Leader University of Toronto — HBSc Mathematics & Economics

Lanson is a results-driven finance and operations leader with a decade of experience across telecommunications and health technology. At TELUS Health, he serves as Senior Lead of IT Capital Allocation & Strategic Finance, where he built and pitched a $5.4M cloud infrastructure business case with a 32% IRR to executive leadership, projected to generate ~$2M in annual EBITDA. He manages a $70M OpEx portfolio and oversees a CapEx portfolio exceeding $20M annually.

Prior to TELUS Health, Lanson held progressive leadership roles at Bell Canada, including overseeing the scheduling of 3,000 unionized technicians, leading a cross-functional team that delivered $1.2M in overtime savings, and building a COVID-19 capacity forecast model delivered directly to the company's President. He is fluent in Mandarin Chinese and is an active member of Toastmasters International, where he serves as Area Director.

Lanson holds an Honours Bachelor of Science with a Double Major in Mathematics and Economics from the University of Toronto, as well as a Project Management Certificate, Professional Scrum Master (PSM I) designation, and a Google Data Analytics Professional Certificate.

Skills & Tools: Python · SQL · Tableau · GCP (BigQuery, Looker) · Salesforce · Financial Modelling · Strategic Finance · Mandarin Chinese

Get in Touch

If you are a business owner considering a sale or succession, or an intermediary representing such an opportunity, we would be pleased to speak with you. All conversations are strictly confidential.

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All enquiries are treated with the utmost confidentiality.

Principal
Lanson Van Dyke
Telephone
647.970.2886
Email
contact@acernuscapital.com
LinkedIn
linkedin.com/in/lanson
Location
Toronto, Ontario, Canada