Proprietary Sourcing Engine
B.E.A.C.O.N.
Business Evaluation & Acquisition Coverage & Origination Network — BEACON is how Thesis finds and filters deals before the competition. It screens 8,100+ lower middle market opportunities every six months, identifies off-market sellers before they engage advisors, and matches every qualified target to an operator who is already committed.
6-Month Deal Flow Cycle
How the funnel works
Every six months, BEACON runs the full universe of lower middle market opportunities through a disciplined three-stage filter. Only quality targets survive.
How BEACON Finds Deals First
Four sourcing mechanisms
Algorithmic Screening
Continuously scans broker platforms, industry databases, and public filings. Every on-market lower middle market opportunity is identified in real time — no broker call required to know what is moving.
Off-Market Intelligence
Cross-references owner demographics, business filings, and industry signals to identify pre-market sellers before they engage advisors. We build relationships months before a business formally comes to market.
Operator-Deal Matching
Maps each opportunity against our active operator bench. We only pursue deals where a proven CEO is already committed. No deal without a leader — ever.
Relationship Amplification
Tracks 1,200+ intermediary relationships and converts broker networks from passive inbound to proactive coverage. When a deal fits our thesis, we hear about it first.
BEACON vs. Traditional Sourcing
The structural advantage in how we find deals
| BEACON | Traditional Sourcing |
|---|---|
| 8,100+ deals/cycle | 500–1,500 deals/cycle |
| Operator pre-matched before LOI | Operator search begins post-close |
| Off-market ID before advisors engaged | Reliant on broker-marketed deal flow |
Proprietary Deal Intelligence
The platform behind our sourcing edge
BEACON is not a process — it is a proprietary technology stack. The same platform our investment team uses on every transaction gives us a structural origination advantage that broker-dependent competitors cannot replicate. Investors in Thesis funds get access to deal flow that is wider, earlier, and more precisely filtered than the market standard.
The Thesis Deal Platform
Over 87,000 live lower middle market opportunities, continuously indexed, scored, and tracked in real time. Where a traditional firm depends on broker relationships to see what is moving, we see the entire market — on-market and off — before a single advisory mandate is signed.
Precision Thesis Filtering
Investment theses translate into precise, quantitative queries — not intuition. Multi-condition filters with nested AND/OR logic mean every deal we pursue has already passed a systematic screen against the specific criteria our underwriting requires. Discipline at the top of the funnel drives quality at the bottom.
The Thesis Finder
We do not wait for sellers to raise their hand. The Finder maps every business in a target niche and geography before it comes to market, giving us weeks or months of relationship lead time before any competing buyer is contacted. Off-market origination is a structural pricing advantage.
Enriched Pipeline
Every target arrives pre-enriched with contact data, ratings, revenue signals, and category classification — ready for direct outreach without intermediary cost or delay. The result is a proprietary origination capability, not a broker-dependent deal flow subject to competitive auction dynamics.
87K+
Live Opportunities Indexed
Off-Market
Pre-Advisor Identification
Proprietary
No Broker Dependency
In Context
BEACON is the Hunt stage of T.H.O.R.
BEACON powers the H in T.H.O.R. — but it does not operate alone. The leads it surfaces feed directly into Talent First (T), are evaluated and acquired through Operationalize (O), and compounded through Refine (R). Coverage without execution is data. BEACON turns coverage into closed deals.