Growth Due Diligence
Pre-acquisition review of a target's marketing engine: channel concentration risk, CAC trends, tracking integrity, and how much of the growth story is real versus bought.
Your portfolio companies are operationally sound — but nobody at the table owns growth. A full-time CMO at every company doesn't pencil, so marketing gets delegated to vendors no one is qualified to evaluate. Impaxium fills that seat across the portfolio.
It's the most common shape in the lower middle market: a portfolio company with solid operations, real customers, and a marketing function that's either a junior hire, an unsupervised agency, or the founder's leftover instincts. The fund sees the spend in the board pack — nobody can say what it's actually producing, whether CAC is sustainable, or how the growth story will read at exit.
Pre-acquisition review of a target's marketing engine: channel concentration risk, CAC trends, tracking integrity, and how much of the growth story is real versus bought.
A straight answer on what each company's spend is producing — account structure, measurement accuracy, agency performance, and the fixes ranked by impact.
One consistent CAC, LTV, and payback methodology across every company, so the board compares growth on equal terms instead of each company's homemade math.
Someone qualified to manage the agencies, hold internal teams to targets, and know when a vendor's report is performance and when it's theater.
Quarterly growth reviews in the language of operators and investors — spend, CAC, payback, and pipeline — not impressions and engagement rates.
Senior growth leadership embedded in a portfolio company that's between hires or below the headcount line — setting strategy and running the function hands-on.
Ongoing engagement across the portfolio: audits, the shared unit-economics standard, vendor oversight, and quarterly board reporting. One growth resource, every company covered.
Embedded with a single portfolio company that needs senior growth leadership now — owning strategy, channels, and the team until the company grows into a full-time hire.
Deal-cycle engagement on an acquisition target: a focused review of the marketing engine and growth durability, delivered in time to inform the model and the price.
An agency executes a channel; this seat decides whether that channel, that agency, and that spend deserve to exist. Execution agencies optimize what they're handed. The advisory seat sits on your side of the table — setting the strategy, the standards, and the accountability that execution partners operate inside.
No — at least not by default. Good vendors and teams get clearer targets and better measurement, which usually makes them perform better. Underperformers become visible quickly once everyone is graded against the same unit economics, and the fund decides what to do with that information.
With a portfolio audit. Before any strategy conversation, we establish what's actually true: what each company spends, what it produces, whether the tracking can be trusted, and where the largest gaps are. The audit findings then define the shape of the ongoing engagement.
Tell us about the portfolio — or the deal in motion — and we'll come back with how we'd approach it. Typical response within one business day.