Investment Criteria.

Typical Financial Characteristics.

$100 M- $500 M

Revenue

$10 M- $40 M

Ebitda

$100 M- $400 M

Enterprise value

Demonstrated strong free cash flow generation

Attractive returns on invested capital

Add-on Acquisition for Portfolio Company EBITDA of any size

Targeted Business Characteristics.

  • Market leadership
  • Delivery of differentiated products or services
  • Significant barriers to entry
  • Ability to compete on a basis other than price

  • Nucleus of emotionally and financially committed managers
  • Vision and desire to move their companies to the next level

  • Actionable opportunities for operating improvements
  • Organic growth, acquisitions, or product line and geographic expansion
  • Scalable business models
  • Industry growth "tailwind"
  • Other strategic initiatives

  • Essential products or services
  • Recurring customer demand
  • Diversified customer and supplier base
  • Contingency planning by management

Industry Focus.