Bringing Deep Expertise
Delivering solutions to complex challenges
About
Located in suburban Philadelphia, PA, we specialize in making control equity investments in technology-enabled services. Our cohesive team of 15 professionals combines deep investment expertise with an extensive network of seasoned operating partners to create lasting value across our portfolio. By partnering closely with management teams, we invest in established businesses and leverage data-driven strategies to accelerate growth, striving to deliver superior returns for our investors. Our approach sets us apart: We listen, we collaborate, and we bring a relationship-oriented, open-minded perspective to every decision.
Our Heritage
MP Next builds on the three‑decade heritage of Milestone Partners, evolving from a generalist lower‑middle market investor into a focused specialist at the intersection of technology-enabled services. Our history provides the foundation; our commitment to innovation defines the future.
We Who Are
Our team blends institutional rigor with entrepreneurial agility to evaluate and scale complex business models and technologies. We bring deep sector insight, in-house operational expertise, and a collaborative working style that supports meaningful partnership with management teams.
How We Partner
We work closely with founders and management teams to modernize operations, accelerate growth, and build durable, high-margin platforms. We prioritize alignment, ensuring management’s goals, company needs, and investor outcomes move together throughout the ownership journey.
Our Values
Integrity, innovation, and partnership guide how we operate. We are committed to transparent engagement, responsible stewardship, and building trusted, long-term relationships with the companies we support.
Our Approach
We take an active, solutions-oriented approach grounded in data, operational insight, and close collaboration with leadership teams. Our goal is to enable companies to scale effectively and unlock measurable value for both management and investors.
Investment Criteria
MP Next specializes in making control equity investments in technology-enabled service companies.
Control buyouts
Majority recapitalizations
Strategic add-on acquisitions
Founder-led businesses in North America
Bootstrapped companies with proven track records
Management teams with clear strategic vision
Proprietary technology and data-driven platforms
Niche, high-margin, capital-light operations
Attractive unit economics and strong customer retention
$10-$250 million revenue / ARR
$3-$50 million EBITDA
Recurring revenue with margin expansion potential
$10-$60 million equity investments
Purposeful alignment with management and board
Capital and resources to support buy-and-build and add-on acquisitions