Transaction Criteria

TYPES OF COMPANIES

We partner with management teams to acquire and help build companies that occupy the smaller end of the “lower middle market” — focusing on a market segment comprised of companies with revenues typically between $10 million and $50 million and EBITDA up to $8 million at the time of our investment.

We seek unique small companies, and are interested in a broad range of industries. We are also interested in smaller companies in a leadership position that can be built upon, as well as in those that have the potential to become niche market leaders.

We seek companies that:

  • are small and growth-ready;
  • are in a niche market;
  • have a strong and defensible market position;
  • are in any of a broad range of markets, including consumer, commercial, manufacturing, distribution and specialty business and consumer services; and
  • are located in the United States.

U.S. Company pyramid. We seek companies in the lower middle market, which includes 2 million, or 36% of all companies)
We seek companies with revenues of $10 million to $50 million at the time of our investment.