Investment Criteria

We are focused on acquiring lower middle-market businesses where current owners are actively seeking full or partial liquidity in order to transition out of the day-to-day operations.  We will only consider majority ownership positions, but we can be very flexible in tailoring our investment structure to the distinct needs of your company.

 
BUSINESS ATTRIBUTES
  • Low cyclicality w/ demonstrated recession resistance
  • Low customer concentration
  • Clean Tax Returns (appropriate add-backs understood)
  • 10+ years of operating history
  • Recession resistant services and/or niche manufacturing are preferred (although we keep an open mind)
 
MANAGEMENT PROFILE
  • Owner-operators seeking to retire
  • Owners seeking majority buy-outs only, preferably 100%
  • Key employees intend to remain after owner exits
FINANCIAL REQUIREMENTS
  • EBITDA Range: $600,000 - $3,000,000
  • EBITDA margins:  >15%