General                                                                              

• Companies with a sustainable competitive advantage
• Proven business model in established industries
• Companies with good prospects for growth
• Specialty manufacturing, distribution, or business services

Financial Considerations

• Revenue from $10 to $100 million
• Enterprise value from $5 million to $75 million
• EBITDA from $2 to $10 million
• EBITDA margins greater than 10%

Our Investments

• Control investments of $2 million to $30 million
• We will consider appropriately structured minority investments
• Investment time horizon of 5 to 7 years with a supportable exit strategy