Targeting high-quality middle-market businesses with a history of cash flow stability.

Investment Criteria We target high-quality middle-market businesses with a history of cash flow stability. We are disciplined, fundamental investors that seek to identify companies with sustainable competitive advantages and a track record of strong operating performance.

Although we take a generalist approach, our target investments Tend to share many of the following characteristics:

  • Proven management teams with a significant equity stake and a clear alignment of interests
  • Defensible market niches with barriers to entry and high switching costs
  • Favorable industry trends and growth prospects
  • Diversified customer and supplier base with longstanding relationships
  • EBITDA margins in excess of 10%
  • Modest capital expenditure and working capital requirements
  • Properly equitized capital structure

TRANSACTION TYPES

  • Private Equity Sponsored Buyouts
  • Strategic Acquisitions
  • Refinancings
  • Management Buyouts
  • Leveraged Recapitalizations
  • Growth Capital

INVESTMENT SIZE

$5 – $30 million

COMPANY SIZE

Revenue $10 – $150 million
EBITDA $3 - $30
million

GEOGRAPHY

Nationwide