Private Equity Associate

Job Description
Why Onni Capital Onni Capital invests its own capital. There is no fundraising cycle, no external investment committee, and no requirement to deploy on someone else's timeline. A good business can be pursued in days. A weak one can be declined without ceremony. Permanent capital changes the conversation with a founder. We are not pitching a three year flip. When an owner cares where their company and their people end up, that is a real advantage and you will feel it in live negotiations. Onni's operating businesses give genuine diligence advantage. When evaluating a construction services or industrial business, we test assumptions against companies we already own and operators we already work with, rather than relying on a consultant's market study. You will also have unusual proximity to decision makers. There is no chain of vice presidents between you and the people approving capital. How We Work Onni Capital is being designed as a high ownership, low bureaucracy team. We work in small project groups, test ideas quickly, put early products in front of users, and make decisions based on evidence rather than hierarchy. Team members are expected to: Challenge assumptions and communicate directly Take responsibility for outcomes, not simply produce recommendations Use modern AI tools to work faster and produce better results Share unfinished work early and improve it through feedback Move comfortably between strategic analysis and hands on execution Know when to continue investing in an idea and when to stop Operate effectively without a detailed playbook This is not a role for someone who wants months of consensus building, a rigid

job description
, or a narrowly defined set of responsibilities. It is for someone who learns quickly, takes initiative, enjoys solving ambiguous problems, and wants to help build something from the ground up.

What You Will Do

Sourcing and screening Source acquisition opportunities directly through owner outreach, Onni's operating and industry network, trades contacts, supplier networks, and portfolio company management Build and maintain relationships with brokers, advisors, lenders, and intermediaries in target sectors Screen inbound and sourced opportunities against investment criteria and write the screening memo with a clear recommendation to pursue or pass Develop sector theses and build target lists for roll up strategies across construction services, building products, industrial services, mechanical, HVAC, and adjacent trades Execution Own the operating and returns model on live transactions, including LBO structures, debt schedules, returns waterfalls, sensitivity analysis, and downside cases Run due diligence across financial, commercial, operational, tax, and legal workstreams, and manage external advisors to scope, budget, and deadline Lead the quality of earnings review with advisors, including EBITDA normalisation, working capital analysis, and net debt calculation Structure transactions and financing, including consideration mix, earnouts, founder rollover, and lender terms Draft and present investment committee memos and lender presentations, and defend the recommendation to ownership Manage transaction execution, including the data room, issue tracking, legal documentation review, and coordination with counterparties through to close After close Own the first hundred days, including integration planning, reporting setup, banking, and management alignment Track portfolio company performance against the acquisition thesis, including monthly performance, budget versus actual, covenant compliance, and integration milestones Identify and quantify value creation opportunities across pricing, procurement, overhead, working capital, and add on acquisitions, then work with operators to execute them Work with the Controller on purchase accounting, opening balance sheets, and post close true ups Support add on acquisitions into existing platforms Team and standards Direct the private equity analysts on execution, review their work, and hold the quality standard Build and maintain the deal flow tracker, pipeline reporting, and diligence templates so the process is repeatable rather than reinvented each time Document processes, models, decisions, and operating standards so successful approaches can be repeated across the team Contribute to internal investment discussions, portfolio reviews, and Onni Capital events

What You Bring

Three to six years in private equity, investment banking, corporate development, transaction advisory, or a comparable transaction environment, with live deals you can walk through in detail Demonstrated ownership of a transaction, not only support. You have run workstreams, managed advisors, and been in the room when terms were negotiated Strong modelling capability built from scratch rather than from templates, with real command of LBO mechanics, debt structures, and returns analysis Sound a