INVESTMENT CRITERIA
INVESTMENT CRITERIA
INVESTMENT CRITERIA
We realize a great investment opportunity comes in all shapes and forms. We invest in businesses between $5mm-100mm in revenues and between $1mm-$10mm in EBITDA. Selectively, we look at minority growth equity investments in earlier stage businesses.
We focus on companies in the lower middle market in the United States and Canada that meet the following criteria:
FINANCIAL
Revenue between $5 million - $100 million
EBITDA of $1 million - $10 million
COMPANY CHARACTERISTICS
Market niche leaders
Defensible market position with barriers to entry
Non-cyclical revenues
Consistent profit margin greater than 10%
Growth potential internally or through consolidation
industry focus
industry focus
INDUSTRY FOCUS
Consumer Service Companies
Fitness/Wellness/Nutrition/Consumer Healthcare
Franchisors/Franchise Systems
Multi-Unit Retail
Digital/E-commerce (Direct to Consumer)
Branded Products
Technology-Enabled/ Software B2B Services (Focus on Consumer Services)
Customer Acquisition (Sales & Marketing)
Customer Experience
Revenue Management (Billing / Payments)
Reporting / Analytics
Back Office Mgmt.
managment section
managment section
MANAGEMENT
Management continuity is preferred, but not required
Opportunity for broader equity participation for key employees
TRANSACTION TYPES
Buyout of retiring owner(s)
Management buyout
Generational transfer in a family business
Recapitalization of existing ownership/management
Corporate divestitures
Growth capital