Perennial
Building Enduring Businesses.
We build market-leading niche software and service businesses that endure over generations. We partner with founders and families that have built exceptional organizations and are seeking a new steward to champion their employees, customers, and legacy. We believe the best organizations identify and empower talented people, treat them with respect, and reward long-term thinking. We’re not afraid to roll up our sleeves to support our teams. We’re serious about our work and consider ourselves your partners in building businesses for the long-term.
Investment Criteria
Niche Software and Tech Enabled Business Services
$5+ million revenue
or
$1+ million EBITDA
Defensible Market Position
90%+ Customer Retention
10+ Employees
Sound Interesting? Get in touch.
Working with Us
Experienced
We each have 14+ years experience partnering with 50+ businesses
Efficient
We are transparent and efficient
People-Centric
We take a people first approach
Long-Term View
We build high quality businesses over decades
Easy to Work With
We take a partnership approach
Your Business is the Foundation
We will grow your business on the foundation you built
Confidential
Our conversations will be confidential
Portfolio
Accuserve
Accuserve is the first Managed Repair Experience platform designed for real humans in extreme times of need. Our concierge-style offering unifies the property restoration and claims experience for property owners, contractors, and insurance carriers.
I’m proud to have partnered with Perennial. Their support for our vision of building an organization that truly values both people and performance has been unwavering and consistent since day one. They have been 100% committed to our long-term focus and building our business the right way.
- L.C. Nussbeck
Prior Owner
Our Team
Story Jenks
Story is a co-founder and Partner at Perennial. Prior to co-founding Perennial, Story worked at Nantahala Capital Management, an investment firm based in Connecticut. Prior to Nantahala, Story worked at Graham Partners, a private equity firm based in Pennsylvania.
Story received his A.B. in Economics from Brown University and M.B.A. in Finance and Management from the Wharton School at the University of Pennsylvania.
Originally from Shoreham, Vermont, Story lives in San Francisco with his wife, daughter, and overactive Vizsla. Outside of Perennial, Story enjoys hiking, skiing, cycling, general aviation, and spending too much time on DIY projects best left for professionals.
Drew Frailey
Drew is a co-founder and advisor to Perennial. He is currently a Partner at Forsyth Partners in St. Louis.
Drew has prior experience at CCMP Capital (formerly J.P. Morgan Partners) a private equity firm based in New York City and Graham Partners a private equity firm based in Philadelphia.
Drew received his B.S. and M.B.A. in Finance and Marketing from the University of Missouri.
Originally from Chesterfield, Missouri, Drew lives in St. Louis with his wife and daughter. Outside of Perennial, Drew enjoys travel, hiking, cooking, and modern art painting (a skill he picked up from his Mom).
