Investment Criteria

Revenue of $10 to $100 million

Prefer 30% or greater

$2 to $10 million for Platform Centerpieces 

Prefer +10% 

EV of $10 to $100 Million

Broader criteria for bolt-ons

$2 to $25 million equity, plus debt

Control positions

Minimum $100 million market size

Prefer Middle America

Strong growth prospects in its core business 

with identified external opportunities

Prefer existing talented teams to transition with the acquisition

Competitive advantages such as barriers to entry 

(certifications, equipment, geographic exclusivity) 

and defensible positioning 

(IP, advanced “know how”)

Prefer limited customer concentration in most industries; B2B