Growth-oriented, lower middle market private equity firm based in Houston, Texas.
Who We Are
Double Barrel Capital is a Houston based private investment firm investing on behalf of family offices and high net worth individuals targeting lower middle markets businesses that are cash flow positive and provide customers with everyday products and services. We focus on companies with attractive industry fundamentals, growth profiles and seasoned management teams.
"The ideal business is one that takes no capital but yet grows...if you have a business that grows, and gives you a lot of money every year, and...it [capital] isn't required in its growth, you get a double-barrel effect: from the earnings growth that occurs internally without the use of capital, and then you get the capital it produces to go and buy other businesses.”
- Warren Buffett
Our Philosophy
A disciplined approach to
proprietary private equity
We invest in durable, cash-flow-positive businesses that serve customers every day — then stay disciplined about price, leverage, and exit. Simple principles, consistently applied over a long period of time.
Four Cornerstones
How we think about every investment
01
Durable Businesses Only
-
Products or services used every day — not discretionary or cyclical
-
Positive cash flow at entry — no start-ups, no turnarounds
-
Demonstrated stability across economic cycles
-
Real organic growth and add-on potential
02
Reasonable Valuation Entry
-
Price paid must create a clear path to strong returns
-
We underwrite to value creation, not multiple expansion
-
Conservative leverage — we don't like losing money
-
Downside protection is as important as upside potential
03
Management Alignment
-
High-quality operators with shared values and skin in the game
-
GP, management, and LPs incentivized identically
-
We are partners - not absentee owners
-
Relationships first; transactions follow
04
Plausible Exit Alternatives
-
Multiple realistic exit paths identified before we invest
-
Realized returns are the only ones that matter
-
We do not manage to paper marks
-
Our job is to return capital, not report NAV
What We Look For
Target Company Profile
Industry
Everyday products & services · B2B services · Logistics & distribution · Industrial services​
Business Profile
Cash flow positive · Established customer relationships · Seasoned management team​
Geography
United States, with a primary focus on Texas and the broader Sun Belt
Equity Investment
Lower middle market · Co-invest capacity available for larger opportunities
Situation Type
Founder transitions · Recapitalizations · Off-market and proprietary transactions preferred
What We Are Not
No start-ups · No turnarounds · No businesses requiring excessive leverage to generate returns
What We Look For
Target Company Profile
>$535M
Equity Invested
>$1B
Total Realized
2.86×
MOIC
≈35%
Net IRR
Fund I is the first time we have purposely created a small fund entirely focused on the lower middle market, where we believe the risk-reward is the best in the private equity business. We have structured it so that our interests and our partners' interests are identical.
​
- Corby Robertson III · Co-Founder
Current Portfolio
Contact Us
Address
1415 Louisiana St. Ste. 2400
Houston, TX 77002
Contact
713-751-7514
