In this PE Forum interview, Jarrett Turner, Founder and Managing Partner of Soundcore Capital Partners, shares how he has built a focused private equity platform specializing in essential, recurring revenue businesses in the lower middle market.
Since launching Soundcore in 2015, Turner has completed over 113 acquisitions at an average entry multiple of 5.9x EBITDA. He discusses the firm’s disciplined buy-and-build approach, strict focus on high free cash flow (EBITDA minus maintenance CapEx ≥ 90%), proactive direct sourcing through cold calling, use of data and AI for market selection, and operational value creation levers including procurement savings, route density, safety, and organic growth.
Turner also covers Soundcore’s emphasis on truly recession-resilient sectors, industry evolution, LP expectations, and why staying small and disciplined in the lower middle market continues to deliver strong results. Drawing from his blue-collar roots and lessons from the Global Financial Crisis, he reflects on integrity, culture, and long-term leadership in private equity.
A valuable conversation for PE professionals, investors, and business owners interested in operational excellence and sustainable value creation.
