Atlanta, Georgia — Permanent-Hold Acquirer

Acquiring Great Businesses.
Scaling with Purpose.
Preserving What Matters.

Chastain Equity is the Prema Family Office — a principal investor acquiring, holding, and growing essential service businesses across Georgia and South Carolina.

"We buy businesses to hold, grow, and pass on. For owners who have built something meaningful, we offer a path to liquidity that respects their legacy, retains their people, and invests in the future."
— Mitesh Prema, Founder & CEO
Our Foundation
Built on Decades of
Operating Experience

Chastain Equity brings the analytical rigor and operational depth of a global consulting firm to the permanent acquisition and growth of essential businesses in the American Southeast.

27
Years at McKinsey
Partner-level leadership
150+
Transformations Led
Across 16 countries
$2B+
Income Impact
Cumulative client gains
∞
Hold Period
No fund. No exit timeline.
Acquisition Criteria
What We Look For

We target owner-operated businesses with strong fundamentals, stable cash flows, and clear growth potential. Every acquisition is evaluated against rigorous financial and operational standards.

Financial

$4M — $15M Enterprise Value

Targeting businesses with $1.8M–$5M in adjusted EBITDA, backed by a minimum of three years of auditable financials. We prefer a five-year track record of stable or growing earnings that meets SBA lending requirements.

Geography

Georgia & South Carolina

We focus on the Southeast — primarily metro Atlanta and the state of Georgia, with selective opportunities in South Carolina. Our proximity allows hands-on involvement from day one.

Structure

Flexible Deal Terms

Asset or stock purchase, seller financing, earnouts, and consulting arrangements all considered. We work with sellers to find the structure that meets their financial and personal objectives.

Characteristics

Essential & Recurring

Non-discretionary services with recurring or repeat revenue characteristics. Diversified customer bases, skilled workforces, and defensible market positions. Businesses where demand persists through economic cycles.

Target Industries
Essential Services That
Communities Depend On

We focus on non-discretionary service businesses with recurring revenue characteristics across a range of essential sectors.

Home Services & Trades

Electrical, HVAC, plumbing, roofing, utility construction, and related skilled trades serving residential and commercial markets.

Industrial Services

Maintenance, repair, environmental services, specialty contracting, and field operations serving commercial and industrial clients.

B2B Services

Facility management, janitorial, landscaping, waste management, and other contracted services supporting business operations.

Healthcare Field Services

Home health, mobile diagnostics, medical staffing, therapy services, and other healthcare delivery beyond the hospital setting.

IT & Managed Services

Managed IT, cybersecurity, telecommunications, low-voltage wiring, home automation, and technology infrastructure services.

Specialty & Emerging

Staffing, property management, pharmacy, pest control, and other essential service businesses with strong unit economics and growth potential.

Growth Philosophy
We Don't Just Buy.
We Build.

Beyond stability, we actively seek businesses positioned to grow. The ideal acquisition has both organic and inorganic growth vectors — industry tailwinds such as aging infrastructure, electrification, and data center expansion that create sustained demand growth independent of sales effort.

We look for clear opportunities to add technicians, expand service areas, introduce adjacent services, and increase wallet share with existing customers through operational improvements and marketing investment.

Where a business can serve as a platform for synergistic bolt-on acquisitions, consolidating fragmented local markets and building regional scale, the opportunity becomes even more compelling.

About the Principal
Mitesh Prema
Founder & CEO, Chastain Equity LLC
27
Years at McKinsey & Company
16
Countries of experience
150+
Business transformations
$2B+
Client income impact

Mitesh Prema is a principal investor deploying his own capital. There are no fund timelines, no investment committee approvals, and no pressure to exit. Sellers deal directly with the decision-maker from first conversation through close and beyond.

After nearly three decades as a Partner at McKinsey & Company, Mitesh led 150+ business transformations across 16 countries, generating over $2 billion in operating income improvements. His work spanned field operations, AI-driven service optimization, and large-scale performance turnarounds in operationally intensive industries — including energy, infrastructure, and essential services.

He founded Chastain Equity in 2025 to bring that same operational rigor to the acquisition and growth of small and mid-sized service businesses in the Southeast. Every acquisition is approached with a long-term commitment: preserve the team, honor the brand, and invest in the future of the business.

Mitesh is based in Atlanta, Georgia.

Read Full Bio →
External Advisors
Built to Operate,
Not Just Acquire

Chastain Equity is supported by a network of external advisors with deep expertise in field operations, supply chain, digital transformation, and business scaling — drawn from McKinsey & Company and the industries we invest in.

Meet the Team →
Mitesh Prema

Mitesh Prema

Founder & CEO

Former McKinsey Partner. 27 years leading 150+ business transformations across 16 countries. Specialist in field operations and service business performance.

Mike Li

Mike Li

Supply Chain & Operations

Former McKinsey Senior Expert & Associate Partner (2015–2024). 18 years in supply chain, ERP/WMS systems, and operations transformation across aerospace and CPG. Six Sigma Black Belt.

Avy Kapoor

Avy Kapoor

Strategy & Operations

McKinsey & Company, New York. 6+ years in operations strategy, procurement, and large-scale transformation across CPG, manufacturing, and industrial sectors. Columbia Business School MBA.

For Business Owners
Your Legacy Deserves
More Than a Transaction

Selling a business you've built over decades is one of the most consequential decisions of your life. We approach every conversation with that in mind.

01

Legacy Preservation

We retain your brand, your team, and your community relationships. Your employees keep their jobs. Your customers keep their service. Your name stays on the door as long as it should.

02

No Fund, No Exit Clock

We're a family office, not a private equity fund. There is no three-to-five year flip. We buy to hold, grow, and pass on. Your business isn't a line item in a portfolio — it's a permanent commitment.

03

Direct Decision-Making

You deal with the principal from day one. No analysts, no investment committees, no weeks-long approval chains. When Mitesh says yes, it means yes.

04

Operational Investment

We don't cut costs and walk away. We invest in people, systems, and growth — leveraging decades of operational expertise to take your business to its next level.

05

Flexible Transitions

Whether you want a clean exit, a phased transition, or an ongoing role in the business, we'll structure the deal to match your personal and financial goals.

06

Confidential Process

We understand discretion matters. Every conversation is held in strict confidence. Your employees, customers, and competitors will never hear about a potential sale from us.

Publications & Insights
Perspectives on Operations,
Technology & Growth

Selected publications, presentations, and perspectives from nearly three decades of work in service operations, digital transformation, and field force productivity.

Published in McKinsey & Company
McKinsey · August 2019

The Coming Evolution of Field Operations

How technology, analytics, and new operating models are transforming the way field service organizations deploy technicians, manage workflows, and serve customers. Co-authored with Guy Benjamin, Brett May, and Vaibhaw Raghubanshi.

Read on McKinsey.com →
McKinsey · July 2019

How Lean Is Your Field Force — Really?

A five-step lean journey for field operations that drives step-change improvements in productivity — less waste, lower cost to serve, and higher customer satisfaction. Co-authored with Guy Benjamin, Vaibhaw Raghubanshi, and Zachary Surak.

Read on McKinsey.com →
McKinsey · April 2020

Coronavirus' Impact on Service Organizations: Weathering the Storm

How service businesses reliant on in-person interaction can safeguard operations, redesign processes for remote delivery, and invest for a stronger recovery. Co-authored with Nicolás Guzmán, Rohit Sood, and David Wilkes.

Read on McKinsey.com →
Earlier Research
McKinsey · August 2012

Intelligent Actionboards: Stop Staring at Dashboards

A next-generation tool that improves on the deficits of traditional dashboards to dramatically boost operational performance. Co-authored with Harold Brink and Kenneth Reisman.

Read on McKinsey.com →
Presentation · 2022

Digital Transformation: The Key to Success in Uncertain Times

Why companies that invest boldly in technology during downturns outperform on earnings and revenue — and the six core elements that separate successful digital transformations from the 74% that fail.

Request Presentation →
Presentation · 2020

Transforming Services Businesses: Approach & Value Proposition

The end-to-end services transformation playbook — from sales through field delivery — that has driven 49%+ EBIT increases, 40% productivity gains, and 50%+ NPS improvements across sectors globally.

Request Presentation →
Speaking & Events

Mitesh has presented on AI in service operations, digital transformation, and field force productivity at McKinsey Talks Operations, Field Service Europe, and industry forums globally.

View on LinkedIn →
Contact
Let's Start a
Conversation

Whether you're a business owner exploring your options, a broker with a listing, or an advisor looking to connect — we'd welcome the chance to talk.

Chastain Equity LLC

The Prema Family Office

Email
mprema@chastainequity.com
Phone
404-800-9900
Base
Atlanta, Georgia
Focus
Georgia & South Carolina

For Brokers & Intermediaries: We are actively seeking acquisitions and welcome the opportunity to review listings that match our criteria. We respond to every qualified submission, typically within 48 hours.