Essential
A durable role in the movement of everyday commerce.
Contracted middle-mile logistics
Invest in the essential businesses that keep commerce moving.
Earned Value Capital invests in established middle-mile logistics businesses—the critical links connecting the parcel network.
For informational purposes only. Nothing on this site is an offer to sell or a solicitation to buy securities.
First identified acquisition
A passive LP investment in an established FedEx Ground linehaul business, with local management handling daily operations.
$454k normalized 2025 EBITDA · $1.4m proposed purchase · 3.1×
Our focus
Existing cash-flow businesses.
Not a new idea.
The strategy begins with operating businesses already performing an essential role in the movement of everyday commerce.
We look for durable demand, understandable economics and capable teams. We approach ownership with patience, selectivity and respect for what is already working.
Established
Operating teams and working infrastructure already in place.
Focused
A narrow mandate that rewards depth, patience and selectivity.
The overlooked middle
Between origin and destination is an essential operating layer.
Origin
Into the network
Middle mile
Through the network
Destination
Out of the network
We focus on businesses that keep freight moving between sorting facilities. This operationally intensive part of the network often sits outside the institutional spotlight.
Existing business. Disciplined ownership.How we think
Grounded in the operating record.
Operating record
Service performance and cash flow
Network relationship
Contract terms and customer concentration
Management
A capable team already in place
Our perspective
Patient ownership, grounded in the business.
We look for well-run linehaul businesses with stable economics, a strong operating record, and capable management already in place.
Long-term orientation
Support what works
That does not make the strategy risk-free. It makes the work and the assumptions behind it more visible.
Team
Experience across operations and finance.
Our team brings experience in corporate supply chain, financial planning and reporting. That background informs how we evaluate established logistics businesses and the teams already running them.
Private investor conversations
Interested in the strategy?
We share the detailed investment thesis, underwriting framework and fund structure following an introductory conversation with prospective limited partners and professional advisers.
Request the investor overview