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Aaron Bachik

Managing Director, Building Products & Building Services at FMI Capital Advisors

Denver, Colorado, USA

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Why they matter

Denver-based building-products M&A banker with 25+ years of sell-side deal flow across building materials, distribution, and building services — a direct line into who's actually for sale.

Background

Aaron Bachik is a Managing Director at FMI Capital Advisors focused on building products and building services, with more than 25 years of M&A advisory experience, 17+ of them exclusively in building materials and building services. He co-founded Denver-based SLATE Partners in 2014 and ran it as Managing Director until FMI Corporation acquired the firm in October 2022, folding SLATE into FMI Capital Advisors. Earlier in his career he spent about 13 years as a Managing Director at Green Manning & Bunch, where he started and led that firm's building materials & services group, and began his career at FMI itself as a Vice President from 1998 to 2001. He holds a B.S. in Economics from the Wharton School, University of Pennsylvania.

Notable deals

  • 2022
    Co-founder Aaron Bachik and SLATE Partners (the Denver M&A boutique he built) were acquired by FMI Corporation, merging into FMI Capital Advisors to form a 50+ banker platform covering the built environment
  • 2023
    Represented The Sage Group (construction claims/expert-witness consulting) as exclusive sell-side advisor in its sale to Aperture, LLC, a Trinity Hunt Partners portfolio company
  • 2026
    Served as exclusive sell-side financial advisor to Illuminati Labs (DAS/BDA wireless infrastructure) in its sale to LINX, a Guardian Capital Partners portfolio company

Call-prep brief

Aaron Bachik — Managing Director, FMI Capital Advisors

Background

  • 25+ years in M&A advisory, 17+ years exclusively in building materials/building services
  • Co-founded SLATE Partners (Denver, 2014); FMI Corporation acquired SLATE in Oct 2022, forming FMI Capital Advisors
  • Prior: 13 years as MD at Green Manning & Bunch building their materials & services practice; started career at FMI as a VP (1998–2001)
  • Wharton BS, Economics

Current focus

  • Sell-side and buy-side M&A across building products, building services, and contractor/construction services
  • Active dealmaker: closed transactions as recently as 2026 (Illuminati Labs/LINX) and 2023 (Sage Group/Aperture)

What he cares about

  • Strategic fit and multiple bidders for sell-side clients (both cited deals emphasized competition between PE and strategics)
  • Building durable, specialized sector relationships rather than generalist coverage — his whole career has been sector-focused

Potential sensitivities

  • He's the banker, not target management — treat any conversation as intel-gathering/relationship-building, not a pitch for his own company
  • Confidentiality: he won't speak to live sell-side mandates by name

Questions to ask

  1. What building products/services subsectors is he seeing the most sell-side activity in right now, and where is valuation compressing vs. holding?
  2. Post-SLATE integration, how has FMI's building products coverage model changed, and who on his team should we know?
  3. Among founders he's advised, which ones are re-entering the market as buyers or platform sponsors?

Outreach draft

Subject
Building products sector intel — quick call?
Hi Aaron, I came across your work at FMI Capital Advisors, including the Sage Group and Illuminati Labs sell-side deals, and wanted to reach out. We're a private equity team actively investing in building products distribution and adjacent building services, and your sector coverage — spanning SLATE Partners and now FMI — stood out. Would you be open to a short call to compare notes on where you're seeing deal activity and valuations trending? Happy to work around your schedule. Best, [Your Name]

Linked companies

Sources