Investment Criteria
What we look for. And what we don't.
We focus on U.S.-based lower middle market companies where patient capital, operating experience, and focused execution can create long-term value.
Financial Profile
Durable businesses with room to grow.
- EBITDAApproximately $4M or greater, consistent
- GeographyU.S.-based operations and headquarters
- Revenue QualityRecurring or highly repeatable revenue base
- Customer ConcentrationDiversified — limited single-customer exposure
- ManagementStrong team in place or clear plan to supplement
- Growth PathOrganic expansion, add-on acquisitions, or both
Industries of Interest
Sectors where we bring conviction and experience.
Business & Consumer Services
Niche Manufacturing
Distribution
Aerospace & Defense
Consumer Products & Services
Specialty Industrial
We Pursue
- Founder & family-owned business transitions
- Management buyouts and recapitalizations
- Corporate carve-outs and divestitures
- Buy-and-build platform opportunities
We Generally Avoid
- Early-stage or pre-revenue businesses
- Operational turnarounds
- Structurally declining industries
- Commodity businesses without differentiation
Have an Opportunity to Share?