Investment Criteria

Business Characteristics

  • Strategic Market Position: We seek companies with exclusive or protected distribution agreements with industry-leading suppliers, or some other customer MOAT.

  • Strong Culture: We seek companies where a positive, performance-oriented culture is a cornerstone of success. We believe that investing in people is a critical driver of long-term growth and partner with leadership teams who share this conviction.

  • Proven Business Model: The company should have a demonstrated history of product-market fit, a stable customer base, and a clear path to continued growth within its niche.

  • Opportunity for Operational Enhancement: We look for businesses that can benefit from our hands-on support. Whether it's streamlining processes, filling executive gaps, or implementing new systems, we want to find opportunities where our operational expertise can make a direct impact.

  • Receptive to Modernization: Leadership should be open to leveraging technology—including AI, automation, and data analytics—to build a sustainable competitive advantage and scale operations efficiently.

Financial Profile

  • Revenue: Generally, we look for companies with at least $3 million in annual revenue.

  • Profitability: A demonstrated history of profitability, typically with at least $500,000 in EBITDA.

  • Capital Efficiency: Businesses that have grown thoughtfully, without requiring excessive outside capital prior to our involvement.

Transaction & Management Alignment

  • Partnership Structures for Owners: Our focus is on majority or significant minority investments. We specialize in structures that provide owners with upfront liquidity and in some cases a significant equity stake, ensuring they benefit from future upside.

  • Management Continuity: We are open to the existing management team continuing to lead the company, provided there is strong alignment with our growth thesis and values.

  • Shared Vision: Above all, we seek a true alignment of interests. We want to partner with leadership teams who are excited about building an exceptional business together.