We are entrepreneurial business owners, operators and investors
Our goal is to expand our investment interests across diverse business sectors and geographies by partnering with like-minded founders, operators and sponsors.
What We Do
Wealth Creation
Our goal is to enable owners to realize value they have created in their business. We offer a significant investment in the business using a mix of fresh cash equity, lender debt and potentially future profit sharing incentives for owners and management teams.
Partnership
We provide a flexible partnership with business owners and management teams to build upon their legacy of success. We can invest in majority or minority positions, depending on the needs and desires of current ownership group.
Resources
As investors, we believe our role is best suited at the strategy level and prefer to provide our investments operational autonomy. Drawing on our diverse experience and resources, we will provide access to growth capital, shared services, and a network of value-add partners.
Team
Hari Raghavan
Founder/Chairman
Chairman and co-founder of Black Diary Investments, Chartered Accountant.
Global experience leading companies in an executive capacity, including Canada, India, Nigeria and Tanzania
Diverse experience in consumer goods, recycling, machinery, cheese, transportation, electronics, distribution.
- 647-978-8675
- hraghavan@macrodynepress.com
Rory O’Leary
President
President overseeing all Investments and Portfolio Management.
Former Banker, 20-year career of Corporate Lending, M&A and Business Valuations
Responsible for identifying investments, due diligence and executing on investment strategy.
Investor Partner relationships
- 647-402-8581
- roleary@blackdiaryinvestments.com
Mickey Mordech
Senior Associate
Senior Associate focused on investment sourcing, due diligence, valuation and execution.
CFA Charterholder with 8 years’ investment experience across Canada and Australia
Background in equity research, investment analysis, financial modeling and governance.
- mmordech@blackdiaryinvestments.com
Operating Partners & Advisors
We are supported by a diverse network of operating partners, independent sponsors, management teams, and advisors who collaborate across our portfolio.
These partners include experienced executives, sector specialists, transaction sponsors or former owners of the businesses.
Our Approach
Our approach to new investments starts with listening to the needs and desires of our investment partners. We believe in aligning our interest with yours, ensuring we meet both our financial goals and commitments to the investment. We avoid conflicts, incentivize performance, and maximize returns.
We are successful but humble business professionals with high integrity. We conduct business only with the highest ethical standards in mind, which guides our businesses practices, employees, investment partners, lenders, suppliers etc. We earn and maintain trust through open and transparent relationships.
We adhere to a proven and disciplined approach to business management and investment. Our combined experiences in many industries has given us referenceable and practical knowledge, but we also work with a network of partners to navigate investment opportunities and ensure we can achieve results and deliver on commitments.
Current Investments
Platform
Industrial Machine Manufacturing
Headquartered in Toronto, the Company manufactures highly engineered and automated industrial hydraulic presses, press lines, and die handling equipment to a variety of industries including, aerospace, industrial, automotive, consumer goods, defence, and construction.
Date Invested:
Acquired 2018
Location:
Toronto, Canada
Status:
Largest hydraulic press manufacturer in NA Actively seeking add-ons for press / machine manufacturing and automation
Website
Add-on — Macrodyne Technologies
Dunkes GmbH
Macrodyne acquired Dunkes to establish manufacturing locations in Europe, and add a complementary suite of products and services. Dunkes has a worldwide reputation of quality and innovation particularly in the straightening press category serving the transportation, oil and gas, steel mill and precision mechanics sectors.
Date Invested:
Acquired 2021
Location:
Stuttgart, Germany
Status:
Established European presence Added new products and markets to Macrodyne
Website
Add-on — Macrodyne Technologies
Gas Oscillation Superplastic Forming Technology
Macrodyne acquired the “GO-SPF” technology to integrate gas oscillation technology into Macrodyne’s Superplastic Forming Presses, to significantly improve the formability of various metallic alloys. The technology increase the speed of superplastic forming by up to 20x for the aerospace, automotive, defense, medical and marine sectors.
Date Invested:
Acquired 2025
Location:
Toronto, Canada
Status:
R&D and working prototype complete at Macrodyne’s Automation facility in Toronto. Macrodyne and AEM Power Systems are collaborating to integrate gas oscillation technology into Macrodyne’s Superplastic Forming Presses. We are actively seeking partners to broaden the use and application of GO-SPF across various sectors, end-users and technology integrator
Website
Platform
Ell-Rod Holdings Inc.
The largest custom architectural millwork company in Ontario with years of expertise transforming living and working spaces into occupational works of art. The Company services General Contractors, Designers and Architects with Commercial Office, Institutional, Residential and Retail end-users.
Date Invested:
Acquired 2023
Location:
Toronto, Canada
Status:
Architectural Millworking manufacturer in Ontario
Focused on organic sales growth, process optimization and digitization
Seeking complementary add-ons
Website
Platform
Nets Of Texas
Nets of Texas provides turn-key custom sports netting solutions in Texas and Louisiana with quality materials and unmatched service for every sport.
Date Invested:
Acquired 2025
Location:
Houston, Texas
Status:
Market leading manufacturer / installer of sport facilities in the US Southwest.
Focused on municipal, education and professional sport centers and facilities.
Seeking to broaden new geographic markets and complementary add-ons
Website
Platform
Checkmate Strategic Venture
Checkmate SV is building a bold new era for chess, one that blends competition, storytelling, and spectacle to captivate fans around the world. Beyond the landmark USA-India showdown, their vision extends to a North American league inspired by the great traditions of U.S. sports: city-based teams, conferences, playoffs, and champions.
Black Diary’s investment reflects a commitment to innovation and excellence, investing in ideas that redefine what’s possible, in old and new industries.
Date Invested:
Invested 2025
Location:
Toronto, Ontario
Status:
The inaugural event USA vs India was a stadium-style chess showcase held on October 4, 2025 at Esports Stadium Arlington, Texas, featuring five marquee head-to-head matches, including Hikaru Nakamura vs. D. Gukesh (world champion). The event was a major success with momentum toward creating the world’s first chess league.
GUIDING
PRINCIPLES
- Alignment of interests
- Ethical conduct
- Disciplined focus
We seek to work with good people who care about their business, stakeholders, employees, customers, suppliers and the communities in which they live and work.
WORKING
WITH US
- Partnership
- Collaboration
- Resources
We offer a flexible partnership with owners and management teams to build upon their legacy of success.
We are self-funded investors and business owners and are not pressured by return expectations of outside interests.
We are proven entrepreneurs with a track record of investing in, and growing companies.
Established
Investments
AUM
AUM growth since 2018
Investment Criteria
1
INDUSTRY
2
SITUATION
3
STRUCTURE
4
FINANCIAL
