Investment Criteria

Our firm seeks to identify and invest behind high quality companies led by motivated and skilled executives. We then align both our short and long-term interests by providing our management teams with a meaningful ownership stake in the businesses they lead. While we will actively pursue opportunities across a broad range of industries, we seek certain characteristics within each of our investments:

• Ongoing participation with existing management

• A history of consistent growth with operating profits greater than $4 million and operating margins greater than 10%

• A base level of predictable, stable revenues

• The opportunity to significantly increase profitability - through revenue growth, consolidation of expenses, add-on acquisitions leading to efficiencies of scale, or other operating improvements

Transaction Types

• Buy-outs

• Recapitalizations

• Growth Equity

• Add-on Acquisitions

Transaction Size

• Companies valued between $25 million and $100 million Equity investments of $10 to $30 million

• Larger transactions are pursued in collaboration with our strategic partners

• No minimum size for add-on acquisitions

Management

• Seek seasoned, experienced management teams with strong entrepreneurial drive

• Prefer to acquire and expand companies in concert with existing management

• Selectively pursue opportunities that require management transition