We work with owners of healthcare facility compliance businesses - medical gas, cleanroom and equipment testing, fire & life safety, etc. - to help them grow, protect what they've built, and plan for what's next.
Start a ConversationWe invest alongside owners, not in place of them. Whether you need capital to add technicians, expand territory, or take on larger contracts, we provide the resources to help grow your business.
Whether you want to stay on and grow together, transition over a few years, or plan your next chapter - we build around your timeline and your goals.
Know a competitor who'd be a great fit? We pursue opportunities together. Adding complementary services or expanding into new markets is easier with a partner who understands the landscape.
Your technicians, your client relationships, your reputation with the people who count on you - those are the real assets. Everything else is just numbers on a page.
We're not here to make a quick return and move on. We partner with owners who want to build something lasting - and we structure our commitments to match.
Trust isn't something we expect on day one. It's something we hope to earn over time by showing up, following through, and doing the right thing when nobody's watching.
We stand by our word. If we commit to something, then we'll do everything in our power to deliver on that. No exceptions, no excuses.
You built something we couldn't have. We bring the capital, relationships and 20+ years of business-building experience. In a true partnership, 1 + 1 should always equal 3.
We align our incentives with yours from day one. Every deal we structure ensures we only succeed when you do. No misaligned interests, no hidden economics - just two partners pulling in the same direction.
We started Pheasant Tail Partners because we saw an industry full of exceptional businesses run by exceptional people - and a capital market that didn't understand them.
Healthcare facility compliance is essential, specialized work where precision matters, credentials are non-negotiable, and relationships with facility operators are everything. Hospitals can't open their doors without it. You built your business through years of earned trust, hard work, and teams that you trained from the ground up. That deserves a partner who respects what you've built.
What does partnering with us actually look like? Most owners that we work with have built something exceptional and now find themselves facing decisions they don't have the time, resources or experience to tackle on their own — whether to pursue an acquisition, how to expand their addressable market, when to bring in outside capital, how to plan for a transition, or simply how to keep growing without losing what makes their business special. We're here to support and augment your team — not change what's working. Our team has led companies through every stage of growth, and built the kind of relationships across capital markets, lending, and operating talent that most companies of our partners' size simply don't have access to.
Our goal is straightforward: help good owners make better decisions, and build even greater companies than they could on their own.
"Choosing the right partner is everything. Life is too short for anything else."- Pheasant Tail Partners
Over the course of his career, Ryan has executed and advised on nearly $1 billion in transactions across a range of industries and asset classes. He spent the first decade in investment banking and private equity at Jefferies, Paine & Partners, and The Riverside Company before moving into operating roles, acquiring and running a small education company and later joining Greybrick Partners as Partner and Chief Investment Officer, where he led all underwriting and investment management for a $220 million real estate portfolio. Those years taught him the utmost respect for how hard it is to build an exceptional business, and shaped how he partners with business owners today.
When he's not in the office, you can find him in a trout stream, casting his favorite fly — the pheasant tail nymph.
Jim spent 25 years at Mustang Survival, the preeminent maker of marine survival equipment, culminating as CEO and guiding the company through multiple management and ownership transitions. He went on to serve as CEO of Shearwater Research, the dive computer manufacturer, from 2019 to 2023, growing and divesting another founding-family-owned business with a prestigious brand into good hands — and building the succession plan that led to his own retirement. Jim got his start in information systems at Honeywell, specializing early in manufacturing systems. Today, through his firm Pegasus-Hartt Management Ltd, he advises private company owners and management teams on strategic planning, operational improvement, and succession. He has also served on the boards of the Executive Health & Safety Council of British Columbia and the Peace Arch Hospice Society.
Tom is Co-founder and Managing Partner of Pacific Growth Investors, a private equity firm focused on lower middle-market companies in precision manufacturing, aerospace, medical devices, and software. He currently serves on the boards of Spectra Aerospace, Emerge Diagnostics, and ConQuest Firespray, working closely with management teams on growth strategy, operational initiatives, and exit planning. Earlier in his career, Tom spent nearly a decade investing in middle-market industrial businesses at Graham Partners, where he led deals across specialty manufacturing and engineered products. He began his career in transaction advisory at Arthur Andersen, advising public and private companies on M&A diligence and structuring.