Creek Equity, a private investment company in Bloomfield Hills that founds, funds, and acquires businesses with its own capital, has launched the Creek Equity Michigan Succession Initiative.
The program is a dedicated effort to acquire established founder-owned and family-owned companies in Michigan where owners plan to retire or step back over the next several years.
About 23 percent of Michigan business owners are 65 or older, and roughly half of businesses have no formal succession plan, according to Creek Equity. The initiative gives those owners a buyer that intends to keep the company in Michigan, retain its employees and leadership, and hold it for the long term.
“When a plant closes, the whole state mobilizes. When a 40-person family company closes because the owner retired without a plan, almost nobody notices, and we lose those jobs just the same,” says Scott Zack, owner of Creek Equity. “We want to be the call an owner makes three years before retirement, not three weeks.”
Creek Equity is looking for:
- Established Michigan companies generating $1 million to $10 million of EBITDA
- Essential-service businesses with durable, recurring revenue across business services, logistics, the built environment, and consumer brands
- Founder-led or family-owned companies with a management team or a path to one
- Control positions as a rule, with flexibility for a meaningful minority stake where the owner wants a partner rather than a buyer
Creek Equity invests its own capital rather than a fund with a fixed life, which allows it to hold companies for decades rather than a typical five-to-seven-year window. The company published its Investment Principles in October 2026.
Its companies include Avenix Medical Group, Blue Cypress, and Total Routing Solutions.
The company also has published a free Succession Planning Guide for Michigan Business Owners, which includes 14 articles covering how to prepare, value, and sell a company, with a five-year checklist for owners here.
The succession guide also is available as a Kindle book. The full text is free here.
For more information, owners, their advisers, and intermediaries can submit a short note about a company at creekequity.com/contact.
