Shoals Growth is an entrepreneur-led investment partnership
committed to
growing businesses.

We understand that selling your business is challenging on multiple levels. For many owners, preserving their legacy, taking care of their people, and securing their financial future are all critical to ensuring a successful outcome.

Even if you’re still contemplating your decision, please don’t hesitate to reach out to us as a resource.

Our
Managing
Partner

LJ Campbell is the Managing Partner at Shoals Growth Partners and is responsible for all fund operations. Before launching Shoals Growth, LJ was a management consultant at Bain & Company based in the firm’s Atlanta office. In his six years as a consultant at Bain and Booz Allen Hamilton, LJ worked across functions, including sales, marketing, corporate development, procurement, IT, operations, and organizational design.

Before business school, LJ served as a Teach For America middle school math and special education teacher in Chicago, where he coached both the middle school and junior varsity basketball teams to charter school network championships. 

LJ holds an MBA from Duke University’s Fuqua School of Business and a bachelor’s degree in business administration from Birmingham-Southern College. 

He grew up in Muscle Shoals, Alabama (our fund's namesake) and now lives in Athens, Georgia, with his wife, Kate, who has spent her career operating small businesses, and their 10-year-old German shepherd golden retriever mix, Elmer.

Our investment partners

  • Scott Alderman

    Trilogy Search Partners

  • Jeff Stevens

    Anacapa Partners

  • Badge Stone

    WSC & Company

  • Michael Miles

    The Operand Group

  • Sara Rosenthal

    TTCER Partners

  • David Dodson

    Futaleufu Partners

  • Matt Zucker

    ETA Equity

  • Will Thorndike

    Cromwell Harbor

What we look for

Shoals Growth is focused on working with business owners who are ready to sell their business, but who wants to see the company continue to thrive, their people taken care of, and their legacy preserved.

    • "Bought-in" team with a strong culture

    • Differentiated position in the industry

    • Strong operating history

    • Loyal customer base

    • Business-to-business services

    • Tech-enabled services

    • Growing and fragmented

    • Limited cyclicality

    • $2M+ Annual Earnings / EBITDA

    • Growing revenue

    • Healthy margins

    • Strong cash flow generation

About the name

Muscle Shoals, Alabama, is our beloved hometown, renowned for its rich musical heritage and cultural landmarks. Our strong belief in community is deeply rooted in the Shoals, a place where sensibility, authenticity, and integrity are at the heart of everyday life. Naming our fund after the Shoals area reflects our deep-rooted connection to this vibrant and inspirational place, driving us to embody its legacy of entrepreneurship and genuine community values in everything we do.