Criteria

Equity Investment

• Up to $10 million per transaction
• Up to $20 million per transaction with co-investors
• Founders ownership - significant minority to majority control

Company Size

• $2 to $15 million of Operating Profit (EBITDA)
• Revenues $20 to $150 million

Company Parameters

• Demonstrates strong growth potential -- organically and/or by acquisition strategies
• Sustainable competitive advantage and significant market position
• Potential for 10%+ EBITDA margin

Attractive Characteristics

• Has in place or employs motivated, insightful, incentivized management
• Seeking first institutional capital
• Operates in fragmented industry offering consolidation opportunities
• Utilizes or has the ability to utilize technology to attain a competitive advantage or to reposition the business
• Underperforming businesses that we believe can be repositioned

Targeted Industries

• Business and Marketing Services
• Healthcare Services
• Financial Services
• Outsourcing and Logistics
• Environmental Services
• Government Services
• Consumer Products and Services
• Value-Added Distribution Services
• Asset-Light Manufacturing
• Oilfield Services

Transaction Format

• Recapitalizations
• Management Buyouts
• Buy and Build Strategies
• Accelerating Growth / Later Stage Growth
• Corporate Divestitures / Going Private
• Special Situations / Turnarounds