Criteria

Equity Investment

• Up to $10 million per transaction
• Up to $20 million per transaction with co-investors
• Founders obtains a level of corporate control via percentage ownership or security provisions

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
• Strong barriers to entry in its market area
• Potential for 10%+ EBITDA margin

Attractive Characteristics

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

Targeted Industries

• Business Services
• Marketing and Media Services
• Healthcare Services
• Environmental Services
• Government Services
• Oilfield Services
• Branded Consumer Products and Services
• Branded Food/Food Services
• Niche Manufacturing

Transaction Format

• Management Buyouts
• Recapitalizations
• Special Situations/Turnarounds
• Corporate Divestitures