Armada is a buy-and-build investment firm focused on North America.

We acquire, operate, and scale businesses with durable competitive advantages.

[OUR Approach]

We identify, acquire, and transform high-potential businesses alongside management teams.

A disciplined process from sourcing through operational scale.

🔍

We source proprietary deal flow across North America, with deep networks in Mexico's manufacturing, services, and distribution sectors.

🤝

We structure acquisitions that align incentives between Armada and existing management, ensuring seamless transitions and shared upside.

⚙️

Our operating partners embed alongside management teams to drive operational improvements, margin expansion, and sustainable growth.

🌎

We leverage our cross-border infrastructure to help portfolio companies expand across Mexico and into the broader North American market.

We Buy to Build
Lower Middle-Market
Deep Regional Networks
200+ Relationships
Building Across North America
Mexico-First
Mexico (Primary Focus) North America
[Our Thesis]

Unlocking value in North America's most dynamic market.

Mexico is experiencing a generational inflection point. Nearshoring, demographic tailwinds, and trade realignment are creating unprecedented opportunities for well-run businesses to scale.

We believe the most compelling investments combine strong operational fundamentals with exposure to these structural trends. Companies with defensible market positions, loyal customer bases, and room for operational improvement represent the foundation of lasting value.

Armada focuses on acquiring and building businesses where hands-on operational partnership — not financial engineering — is the primary driver of returns. We are long-term builders, not flippers.

[OUR Team]

We're operators who build enduring businesses.

Our team combines decades of experience in private equity, operations, and cross-border business building. Collectively, we've operated businesses generating over $500M in revenue across manufacturing, services, logistics, and distribution.

We've been on the ground in Mexico for over a decade. We understand the regulatory landscape, the talent market, and the operational realities of building in this region.

Portfolio company leaders gain direct access to our operating partners — experienced executives who have scaled businesses from the inside. Consider every member of our team a resource and partner.

Every company we acquire has our full commitment.

CM
Carlos Mendoza
Founding Partner
SC
Sarah Chen
Managing Partner
RG
Roberto Garza
Operating Partner
EV
Elena Vásquez
Partner, Acquisitions
JM
James Mitchell
Operating Partner
ALR
Ana Lucía Reyes
VP, Operations
DT
David Torres
Director, Strategy
MFL
María Fernanda López
Operating Partner
MB
Michael Brooks
Advisor
DH
Diego Hernández
Director, Mexico Operations
PM
Patricia Morales
CFO
AW
Andrew Walsh
Operating Partner
SR
Sofía Ramírez
VP, Business Development
RS
Ricardo Salinas
Advisor
JP
Jennifer Park
General Counsel
AR
Alejandro Ruiz
Director, Manufacturing
CW
Catherine Wells
Operating Partner
FC
Fernando Castillo
Director, Distribution
LT
Lisa Thompson
VP, Talent
GO
Guillermo Ortiz
Advisor
CM
Carlos Mendoza
Founding Partner
SC
Sarah Chen
Managing Partner
RG
Roberto Garza
Operating Partner
EV
Elena Vásquez
Partner, Acquisitions
JM
James Mitchell
Operating Partner
ALR
Ana Lucía Reyes
VP, Operations
DT
David Torres
Director, Strategy
MFL
María Fernanda López
Operating Partner
MB
Michael Brooks
Advisor
DH
Diego Hernández
Director, Mexico Operations
PM
Patricia Morales
CFO
AW
Andrew Walsh
Operating Partner
SR
Sofía Ramírez
VP, Business Development
RS
Ricardo Salinas
Advisor
JP
Jennifer Park
General Counsel
AR
Alejandro Ruiz
Director, Manufacturing
CW
Catherine Wells
Operating Partner
FC
Fernando Castillo
Director, Distribution
LT
Lisa Thompson
VP, Talent
GO
Guillermo Ortiz
Advisor
[Portfolio]

We build category leaders.

Strong fundamentals defensible positions operational upside.

Cumbre Manufacturing

Precision metal fabrication for aerospace and automotive OEMs

ManufacturingMonterrey, MX
Cadena Fría

Last-mile cold chain logistics across central Mexico

LogisticsMexico City, MX
Altura Services

Regional HVAC and industrial maintenance services

ServicesGuadalajara, MX
Envase Industrial

Industrial packaging and distribution for export markets

DistributionQuerétaro, MX
NorTech Assembly

Contract electronics manufacturing and assembly

ManufacturingJuárez, MX
Puente Capital

Cross-border trade finance and factoring platform

Financial ServicesMexico City, MX