OUR INVESTMENT FOCUS
We invest in proven, family-owned, small and medium sized companies with sales up to $50 million and earnings up to $3.5 million that are based in the United States. We have an extremely flexible investment structure with the ability to move quickly. The companies we invest in are usually family-owned, with a durable market position, a longstanding customer base, and reliable internal operations. Characteristics we look for include the following:
Industry
Growing industry
Highly fragmented
Low disruption risk
E-commerce, technology, consumer products and services, and sports and entertainment
COMPANY
Located in the United States
Diversified customer base
Straightforward operations
Strong management team
5+ years of operations
Financial
Revenues up to $50 million
EBITDA ranging from negative to $3.5 million
Recurring revenue (preferred but not required)
Low capital intensity
Context
Owner seeking liquidity and exit transition
Owner seeking a reduced role in business
Control investments (minimum of 51% of voting stock)