Page 180 - TACC 2023 Program

Treaty Oak Equity

Treaty Oak Overview Situational Expertise

• Investing out of 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, focused on North America with
portfolio companies across US • Corporate divestitures & complex transactions
• 8 acquisitions completed since 2018 • Flexible investment horizons, creative capital structures
• Buy and build programs
• Actively seeking new platform investments and add-ons

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 • Distribution • Financial services

• Modest use of leverage • Construction & bldg. materials

Portfolio & Investment Experience

Current Portfolio Prior Deal Experience (1)

Operator owned Operator owned Operator owned
Management retirement Management growth partnership Family business

Corporate carve-out Operator owned
No existing CEO Management retirement

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