Page 107 - TACC 2025 Program

Treaty Oak Equity

Treaty Oak Overview Situational Expertise

• Investing out of a committed pool of capital from two • Value-added partner for family-owned businesses
large single family offices
• Owner succession planning & management transitions
• Based in Austin, with portfolio companies across the US
• Corporate divestitures & complex transactions
• 14 acquisitions completed since 2018
• Flexible investment horizons, creative capital structures
• Actively seeking new platforms and add-ons (promo
products, insurance services, utility services) • Buy and build programs

Leadership Team

Ben Williams Chris Mason Aaron Hamer

Founder & Managing Director Managing Director,
Managing Director Operations

Deal Criteria Target Industries

• Enterprise value: Up to $100 million (can go above Core Opportunistic
with LP co-investment)
• Business & consumer services • Healthcare
• +$10 million of capital per investment
• Consumer & food products • Technology
• Primarily majority investments (or minority with control
rights) • Industrial & manufacturing • Oilfield services
• Typically first institutional capital • Infrastructure services • Financial services

• Modest use of leverage • Value-added distribution

Portfolio & Investment Experience

Treaty Oak Platforms Prior Deal Experience (1)

Operator owned Corporate carve-out
Management growth partnership No existing CEO

(Exited)
Operator owned Operator owned
Management growth partnership Family business Operator owned family business

(1) Select portfolio investments at prior employers where Ben Williams, [email protected]
Treaty Oak principals participated on deal team. Chris Mason, [email protected]