INVESTMENT PROFILE

Platform companies:

  • EBITDA typically between $5mm–$15mm
  • No size limits for add-on/complementary investments
  • Manufacturing, distribution and service companies
  • Headquartered in North America

Investment criteria:

  • Leading position in niche industry
  • Solid and sustainable growth
  • High return on net assets
  • Proven management team
  • Limited customer concentration
  • High EBITDA margins

Current industries of interest:

  • Niche manufacturers and value-added distributors
  • Military/homeland security providers
  • Business-to-business catalog companies
  • Home healthcare distributors
  • Business process outsourcing providers
  • Other selected businesses

Transaction types:

  • Family businesses in transition
  • Recapitalizations
  • Management buyouts
  • Corporate divestitures
  • Take privates

Ownership:

  • Control positions
  • Selectively consider minority positions in growth companies

Investment strategy:

  • Focus on growth – both organic and via acquisition
  • Add value by driving operating improvements

Not considered:

  • Start-up or early-stage companies
  • Real estate