What We Look For

Investment Criteria

We seek well-established lower-middle market businesses across all industries. Specifically, we look for owners and people that share our values, products and services that will still be in demand 100 years from now, and business models we can understand.

When shopping for an equity partner, make sure they have lots of equity and lots of partners.

Business Characterisitics

  • U.S. based
  • High-quality people
  • Pricing power
  • 5+ years of operating history

Industry Attributes

  • Fragmented
  • Good long-term growth prospects
  • Economic resiliency
  • Durable – will still be viable and growing in 30 years

 

Financial Profile

  • $1mm to $5+ of EBITDA
  • 20%+ EBITDA margins
  • Low capital expenditure requirements
  • History of profitable growth

Investment Type

  • Owner-operated or family-owned business
  • Owner looking for a succession plan
  • 51% to 100% equity