Our Approach


A Strategic Partner for Growing Businesses

Domain Expertise

Defense and Government Services is all we do. This specialization allows us to move quickly, be highly competitive on terms, and ensure an efficient diligence process.

Flexible Capital

Donovan Capital provides multiple capital solutions tailored to the unique needs of each investment opportunity. Because we are a family office with $300 Million in pledged capital, we have the flexibility to pursue non-traditional opportunities, think long-term, and be creative. Our typical investment structures include:

  • Equity Co-Investment

  • Senior or Subordinated Term Debt

  • First Lien or Second Lien Term Debt

  • Cash Flow Lending

  • Unitranche Debt

  • Mezzanine Debt

  • Special Situation Lending

Our Niche

Within Defense and Government Services, we are sub-industry agnostic and frequently work with service, manufacturing, industrial, hardware, technology, and software businesses, including companies with dual government and commercial/civilian customers. Additionally, we are uniquely positioned to support government contractors that do highly critical and sensitive work for the U.S. Government.

Partnering with Financial Sponsors

In addition to making direct investments, DCG actively partners with financial sponsors (private equity and search funds) and independent sponsors (fundless sponsors) in M&A transactions.

To learn more about how we specifically work with independent sponsors, please click here.

Investment Criteria

  • Growing company with a U.S. Federal Government end customer

  • Exceptional management team committed to future growth

  • EBITDA of at least $3 Million

  • Revenue of $10 to $100+ Million

  • Check size of $5 to $30 Million

  • U.S. based business

Typical Use Case