Dallas, Texas  ·  Est. 2018  ·  Operator-Led. Acquisition-Driven.

We build and acquire
founder-led businesses
and make them great.

The Present House Holdings Group is a private holding company pursuing operational excellence across its portfolio and disciplined acquisitions of founder-owned businesses in food, hospitality, and specialty distribution.

Acquisition Criteria Our Approach
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What We Believe

A different kind of
holding company.

We sit at the intersection of deep operational craft and disciplined capital deployment — building lasting enterprises from the inside out.

The Present House Holdings Group was built on a simple conviction: the best investments are run by people who have actually operated businesses — who know what a P&L feels like under pressure, what great unit economics look like, and what it takes to turn a founder's vision into a scalable enterprise.

We bring that operating lens to everything we do — whether we are running a kitchen in Carrollton, advising a multi-unit hospitality group at the national level, or sourcing our next acquisition in the Gulf South distribution corridor.

01
Operate First
We don't invest in industries we haven't run. Every thesis is grounded in direct operating experience.
02
Acquire with Conviction
Focused criteria. Long-term holds. Partnerships with founders who want their legacy protected.
03
Build Institutions
We don't flip. We build businesses designed to compound value across decades, not quarters.
04
Lead with Integrity
Grounded in faith, community, and a commitment to creating opportunity for the people around us.
Two Platforms

How we
create value.

TPHHG operates through two complementary platforms — one focused on building and operating hospitality concepts, the other on sourcing and acquiring founder-owned businesses in specialty distribution. Together, they form an integrated holding company with a clear path toward scale.

Platform I
Hospitality
Operations

We own and operate authentic, culturally-rooted dining concepts with a commitment to outstanding guest experience and disciplined unit economics. Our flagship concept, The Island Spot, is proving the model in Carrollton, TX, with a defined path to flagship expansion in Dallas.

  • Authentic Jamaican kitchen and bar concept
  • Live events, community programming, and cultural activation
  • $40K weekly revenue target with defined expansion roadmap
  • Long-term flagship vision: Uptown Dallas at $100K–130K/week
Platform II
Greater House
Partners

Our independent sponsor platform pursues the acquisition of founder-owned specialty foodservice distributors serving ethnic restaurants, specialty grocers, and independent operators across the Gulf South. We bring institutional operating capability to businesses that have outgrown their founder and are ready for their next chapter.

  • Target: $10M–$25M enterprise value
  • 4–6x EBITDA deal structure
  • TX / LA / OK / MS / AR / TN corridor focus
  • Partnering with Stonehenge Capital, Stream Capital, CapHub
Portfolio

Current holdings
& active targets.

Operating
The Island Spot
Casual Dining · Carrollton, TX

Jamaican kitchen and bar serving authentic cuisine and cocktails in the DFW market. Currently executing a comprehensive brand revamp with live event programming and a defined path to flagship expansion.

Strategic Advisory
Kevin Kelley Concepts
Multi-Unit Hospitality · 7 Markets

National Director of Operations & Strategy for a multi-brand hospitality group operating Kitchen + Kocktails, Kanvas, and Club Vivo across nine locations. Leading a multi-million dollar EBITDA improvement program.

Operating
The Island Spot Villas
Luxury Hospitality · Caribbean

A series of luxury villa properties launching across the Caribbean, with Jamaica as the first market. Delivering an immersive, culturally-rooted travel experience for guests who want more than a resort.

Actively Targeting
GHP Acquisition I
Specialty Foodservice Distribution

Greater House Partners is actively sourcing its first platform acquisition — a founder-owned specialty foodservice distributor in the TX/LA/OK/MS/AR/TN corridor. Broker criteria on file. Capital partners engaged.

The Operator

Richard Thomas

Richard Thomas is a founder, operator, and independent sponsor with a career spanning McKinsey & Company, EVP & Chief Procurement Officer at Borden Dairy, private equity portfolio operations at NexBank/Highland Capital, and the founding of The Present House Hospitality Group.

"I've built, acquired, and restructured businesses across industries. What I've learned is that operators make better investors — and the best acquisitions are the ones where you already know how to make the business great."

A graduate of Benedict College (Physics, Summa Cum Laude) and The Ohio State University (MBA, Strategy & Finance), Richard brings institutional rigor to every operating challenge. He is an Elder at Concord Church and a member of Sigma Pi Phi Fraternity's Alpha Epsilon Boulé — a leader whose work is grounded in faith, community, and legacy.

McKinsey & Co. Strategy Consultant — enterprise transformation across industries
Borden Dairy EVP & Chief Procurement Officer — $1B+ in direct & indirect spend under management
NexBank / Highland Capital Operating executive within PE portfolio
Kevin Kelley Concepts National Director of Operations & Strategy — 9 locations, 7 markets
TPHHG Founder & CEO — hospitality operator and independent sponsor
Richard Thomas
Richard Thomas
Founder & CEO  ·  TPHHG
Dallas, TX
20+
Years of operating experience across strategy, procurement, and hospitality
9
Locations currently in operational advisory scope at KKC
$1B+
Direct & indirect procurement spend managed as CPO at Borden Dairy
3
Active platforms — hospitality operations, Caribbean villas, and acquisition vehicle
Greater House Partners

Acquisition
platform.

Greater House Partners is the independent sponsor vehicle through which TPHHG sources, underwrites, and acquires founder-owned businesses. Our current focus is specialty foodservice distribution — a fragmented, high-margin segment underserved by institutional capital.

We are not financial engineers. We are operators who buy businesses we know how to run and make them substantially better. If you are a broker, business owner, or capital partner, we want to hear from you.

Sector
Specialty & ethnic foodservice distribution
EV Range
$10M – $25M enterprise value
Multiple
4 – 6x EBITDA
Geography
TX · LA · OK · MS · AR · TN
Seller Profile
Founder-owned, retirement or growth transition
Revenue
$5M – $40M annual revenue
EBITDA
$1.5M+ with stable or growing margins

The specialty foodservice distribution market is large, fragmented, and fundamentally local — exactly the kind of market where an operator-led buyer with deep category knowledge can acquire, improve, and scale.

Independent ethnic and specialty food distributors serve the fastest-growing restaurant segments in America — but most lack the systems, talent infrastructure, and capital access to reach their potential. We provide all three, alongside patient ownership that respects the relationships and culture the founder built.

Target Corridor

Our focus is the Gulf South — Texas, Louisiana, Oklahoma, Mississippi, Arkansas, and Tennessee — markets with high concentrations of independent restaurant operators, robust ethnic food culture, and limited institutional distribution infrastructure. This is our backyard. We know these markets.

Submit a Deal or Inquiry
Let's Talk

Ready to build
something lasting?

Whether you are a capital partner, a business broker, a founder considering your next chapter, or an operator who wants to work with us — we want to hear from you.

💼
Capital Partners

We are actively building LP and co-investor relationships for Greater House Partners' first acquisition.
🤝
Brokers & Sellers

Submit deals or inquiries for specialty foodservice distribution businesses in our target corridor. Criteria on file.
🍽️
Hospitality Partners

Operating advisory, franchise development, or community partnerships with The Island Spot or our portfolio.
richard@tphhg.com