Investment Characteristics

  • Proven, experienced leadership

  • History of profitable growth and identified future opportunities

  • Sticky, repeat customer relationships

  • Recurring revenue and sustainable cash flow

  • Potential for accretive add-on

Types of Transactions

  • Owner-driven recapitalizations

  • Management buyouts

  • Add-on acquisitions

  • Corporate carve-outs

PRIVATE EQUITY

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Private Equity

We are a partnership-focused private equity investor dedicated to bringing patient capital to support the unique needs of business owners and management teams in the U.S. lower-middle market. Our overriding objective is to understand and then support the vision and goals of those owners and management teams with strategic, operational and financial guidance to help drive continued growth while providing them the autonomy to run their business day-to-day.

Investment Criteria

Transaction Criteria

  • EBITDA of $2 – 8 million

  • Enterprise values of $20 – 100 million

  • Minimum gross / EBITDA margin targets  of ~30% / ~15%

  • First institutional capital

  • Meaningful owner/management rollover

B2B Industry Focus

We invest equity in buyout, acquisition and recapitalization transactions as a control investor on a standalone basis or as a co-investor with other financial sponsors. We target U.S. companies in the following sectors based on our knowledge and experience:

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Business Services

Outsourced Business Services | Regulatory & Compliance Services | Testing, Inspection & Certification | Tech-Enabled Services | SaaS | ITaaS | Data & Analytics | Cyber-Security Software & Services | Route-Based Services | B2B Training & Education | Franchisors (Non-Retail)

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Healthcare Services & Products

Revenue Cycle Management | Cost Containment | Benefit Management | Outsourced Technology & Services to Care Providers | Pharma Services | Pet/Vet Services | Healthcare Facility & Equipment Services | Medical/Dental Products Manufacturing & Distribution

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Commercial & Industrial Services & Products

Inspection, Maintenance & Repair | Certification & Technical Services | Testing & Measurement | B2B Facility Services | HVAC Services | Food Safety | Specialty Distribution | Engineered Products | Consumable Products Manufacturing | Private-Label Food & Ingredients | Auto Aftermarket