Search as a Service: Off-Market Deal Sourcing

Proprietary deal sourcing for searchers, independent sponsors and PE firms, built and run by operators who have closed acquisitions themselves.

Reviewed by Kevin Hong, Founder · Last updated

$110M+
Client Deals Closed
10 to 20
Owner Engagements / Month
<1 wk
Fastest Onboarding to IOI
$1,250
Starting / Month

Search as a Service is Caprae Capital's outsourced deal sourcing program. We build target lists from your buy box, reach business owners by phone, email, LinkedIn and handwritten mail, and pass you qualified owner conversations. Plans start at $1,250 per month plus a success fee, and clients typically see 10 to 20 owner engagements a month.

You decide which deals to pursue. We run the sourcing behind it, under your firm's name.

Proprietary deal sourcing means finding acquisitions by contacting owners directly, not through brokers or auctions. The result is proprietary deal flow: conversations where you are often the only buyer at the table.

What's Included

A Full Outsourced Sourcing Stack

Managed by Caprae's team from week one.

Lead Generation & Prospecting

Target lists built to your buy box and refreshed as the campaign learns.

List Cleansing & LeadGen QA

Validated contact data and QA software that removes bad and duplicate records before outreach.

Cold Calling Business Owners

Callers trained on acquisition conversations, not generic sales scripts.

Email Automation

Personalized email sequences running alongside calls and LinkedIn.

LinkedIn Outreach Service

Owner-level LinkedIn prospecting as an added channel.

Handwritten Letters

Direct mail for owners who ignore calls and email.

Cold Call Analytics

Weekly reports on volume, connect rates and qualified conversations.

Deal Advisory Support

Modeling, research and diligence setup once a deal is live.

Process

How Search as a Service Works

1

Define Your Buy Box

Industry, size, geography and owner profile, agreed in week one.

2

Build the Target List

Owner data matched to your buy box, cleaned and QA'd before use.

3

Run Multi-Channel Outreach

Calls, email, LinkedIn and mail run in parallel from weeks two to three.

4

Hand Off Qualified Owners

Interested owners come to you with call notes and next steps.

Who It's For

Search Fund Deal Sourcing and More

Searchers

Self-funded and traditional searchers who need steady owner conversations.

Independent Sponsors

Off-market business acquisition leads between deals.

PE Firms & Investment Banks

White-labeled sourcing capacity for platforms and add-ons.

Search as a Service vs. In-House Sourcing

Why Buyers Outsource Deal Sourcing

In-house sourcing team Caprae Search as a Service
Monthly cost Salaries, benefits, data and software paid separately From $1,250/mo plus success fee
Time to first outreach Weeks to months of hiring and ramp Typically within the first weeks
Channels covered Often one or two Calls, email, LinkedIn and direct mail
Management overhead Yours to carry Handled by Caprae

Timelines are typical, not guaranteed.

Why Trust Caprae With Your Sourcing

Run by Operators, Not an Anonymous Call Center

Search as a Service is led by people who have closed acquisitions themselves. Hereford Johnson closed deals in 11 and 6 months as a buyer, backed by advisers in capital markets, SBA lending and coaching.

Gondor Capital closed a $20M+ first acquisition within six months of working with Caprae.

Kevin Hong

Kevin Hong

Founder, Caprae Capital

Former business journalist (7 years) who scaled two startups to $31M and $7M ARR and raised $8M+ in venture capital. Chicago Booth MBA and Amazon bestselling author.

Full profile
Hereford Johnson

Hereford Johnson

Principal Adviser, Caprae Capital

Closed acquisitions in 11 and 6 months as a buyer. Northwestern Kellogg MBA and former Deloitte Consulting.

Full profile
$110M+
Client deals closed
8
Countries served
<1 wk
Onboarding to first IOI
Steve Schepman
Steve Schepman
Gondor Capital
“Caprae saved us a significant amount of time and money and played a critical role in helping us break into the private equity space.”
Read the case study
FAQ

Common Questions

What is Search as a Service?

Search as a Service is Caprae Capital's proprietary deal sourcing program. We build and run a full off-market sourcing system around your acquisition criteria. It covers research, lead generation, prospecting, cold calling, email outreach, PR and branding, and due diligence support once a deal is under LOI, so you can spend your time talking to owners and closing deals, not building a sourcing team from scratch.

How is Search as a Service different from building an in-house sourcing team?

An in-house team means hiring callers and analysts and paying for data and software, and it takes months to get running. With Search as a Service, the team, clean data, and tracking tools are ready from day one, all for one monthly fee.

How do you find off-market businesses to buy?

We build target lists from your buy box, clean and validate the contact data, and reach owners directly through cold calling and email campaigns. These businesses aren't listed for sale, so you get to talk with owners before anyone else does.

Who is Search as a Service built for?

Search as a Service is built for any acquisition entrepreneur, including traditional and self-funded searchers, independent sponsors, private equity firms, and anyone sourcing off-market deals. Every campaign is set up around your own criteria for industry, size, and location.

What if I want more than 10 to 20 engagements a month?

We always recommend starting with the standard package. Once you're familiar with the process, you can ramp up to our Search as a Service Pro package for more outreach volume and more booked meetings a month.

Do you offer deal sourcing for search funds and independent sponsors?

Yes. Search as a Service is built for traditional and self-funded searchers, independent sponsors, and private equity firms. Every campaign is set up around your own criteria for industry, size, and location.

Disclosure: Caprae Capital LLC provides outsourced deal sourcing, research, marketing, technology and operational support. We are not a registered broker-dealer or investment adviser and do not provide investment, legal, tax or accounting advice. Client results described on this page come from specific engagements and do not guarantee future outcomes. See our full disclaimer.

Ready to Build Your Pipeline?

Share your buy box and we'll show you what Search as a Service could source in the first 30 days.