Acquiring
essential small businesses
for the next chapter.

Duling Investment Group, LLC acquires and operates businesses people rely on: services and products that remain necessary regardless of trends or cycles. We take over what already works, preserve what made it valuable, and write the next chapter with discipline and long-term ownership in mind.

$800K1.25M
EBITDA Range
$0M
Max Valuation
0+ yrs
Operating History
00 / Model Search fund

What is a search fund?

A simple model with one objective: find a strong small business, acquire it, and operate it for the long term. Instead of starting from zero, an operator commits to buying an existing, proven company, then steps in as full-time CEO and grows it patiently.

  1. 01

    Search

    Identify a high-quality, established business with consistent performance.

  2. 02

    Validate

    Partner with capital advisory firms to perform extensive diligence.

  3. 03

    Acquire

    Structure a purchase using mix of equity and SBA-backed debt.

  4. 04

    Operate

    Step in as a hands-on owner-operator, accountable for day-to-day execution.

01 / Thesis Why now

The greatest wealth transfer
in history is happening
right now.

The Baby Boomer generation holds $78 trillion in assets, and many are preparing to retire and sell the successful small businesses they spent a lifetime building. We exist to be the right buyer for one of them.

A.

The retirement wave

A generation of owners who built durable companies over decades are now looking to transition. Many want a successor, not a financial engineer: someone who will carry their work forward.

B.

AI-resistant, regulation-light

We prioritize businesses grounded in real-world operations, where relationships, execution, and physical presence matter. Less exposed to automation risk, less dependent on regulatory shifts.

C.

Stewardship has a premium

The best businesses aren't always sold to the highest bidder. Owners often choose the buyer they trust to protect their people, reputation, and legacy. We position ourselves to earn that trust.

D.

Concentration over diversification

We are not building a portfolio for optionality. We are acquiring one business at a time to operate with full focus. All energy goes into strengthening the company's legacy.

Business criteria

What we look for in a target.

Established, profitable businesses with a history of steady performance: recurring demand, simple operations, loyal customers, and clear opportunities for operational improvement. We favor durability over complexity, and consistency over rapid growth.

Earnings
$800K in seller's discretionary earnings
Valuation
Up to $5M total enterprise value
Operating history
15+ years of continuous operation
Customer base
Loyal, recurring customers
Cash flow
Durable, predictable, with healthy margins
DSCR
≥ 1.4 debt service coverage ratio
Geography
Rapidly Growing U.S. Cities (e.g., Dallas, Scottsdale, Las Vegas, Nashville)
Owner situation
Founder approaching retirement and seeking a smooth, relationship-focused succession
Industry focus
Long-established service & essential operations businesses: AI-resistant, regulation-light (e.g., car washes, personal storage, etc.)
Financing
SBA 7(a) loan, with angel-funded equity
03 / Founder Who is searching

One operator,
writing one next chapter.

Mark Duling, Founder of Duling Investment Group, LLC
Mark Duling · Founder & CEO

“One operator, fully accountable, dedicating time and capital to a single business. Bringing focus, alignment, and long-term commitment.”

Mark Duling is the founder of Duling Investment Group, LLC, a search fund pursuing a durable small business in growing U.S. cities. He is searching for a long-established service or essential operations company, with a place in its community that's been earned over decades.

Mark is a serial entrepreneur who founded a six-figure rare coins and precious metals business at age 12. He recently completed his Master of Science in Entrepreneurship and Innovation at USC Marshall School of Business, where his focus turned to small business acquisitions as a path to building something lasting.

His goal is to continue the owner's legacy while bringing fresh energy to professionalize operations and enhance the customer experience. He intends to step in as full-time CEO and operate the business personally for the long term, financing the acquisition through an SBA 7(a) loan with the equity portion largely committed via angel investors.

Education
M.S. Entrepreneurship & Innovation, B.S. Business Administration, USC Marshall School of Business
04 / Contact

If you've built
something worth keeping,
let's talk.

If you care about what happens to your business after you step away, we should connect. We're not just buyers; we're successors.

LinkedIn
/in/markduling
For sellers
Conversations are kept fully confidential. We typically respond within one business day.