Covey Equity

Founded in 2003, Covey Equity (previously JBA Capital) is a privately owned holding company focused on making long-term investments in lower-middle market niche industrial businesses. Our patient approach to investing centers around a disciplined strategy of acquiring operating businesses in partnership with established management teams who share our values. For nearly twenty years, we’ve consistently delivered attractive risk-adjusted returns by focusing on customers, developing leaders, and efficiently allocating capital. Covey Equity seeks to invest in niche businesses at the lower end of the middle market. The following characteristics are strongly preferred for Covey to pursue a platform investment: ▪ Stable history of positive free cash flow ▪ Leading provider of products or services to a well-defined market ▪ Established management team ▪ Definable competitive advantage ▪ Cultural alignment with Covey