Alignment of our team and capital with the right businesses.

STRATEGY:

Equity Investing in North American based Businesses

BUSINESS TYPES:

Business and Consumer Services, Manufacturing, Distribution

REVENUE:

$25M to $300M

EBITDA:

$3M to $20M

INITIAL INVESTMENTS:

$10M to $50M

We draw on a distinctive set of experiences, accumulated over decades of investing in and operating businesses, that have taught us where our expertise and capital is best utilized. We have made investments in, operated, and advised businesses ranging from $5 million to $10 billion in revenue; we have navigated the rising tide created by thriving businesses as well as the complicated waters of financial distress. As a result, we know that alignment of business and investment criteria is a cornerstone of success. While we will continually refine our criteria over time, we currently focus on opportunities with the following characteristics:

BUSINESS FUNDAMENTALS

  • Businesses with long-term qualities and staying power
  • Entrepreneurial-based management teams and organizations
  • Businesses with a “reason to exist” – a strategic relevance to customers and market
  • Favorable industry dynamics; preference for industry fragmentation

SELLER
PREFERENCES

  • Sellers that care about their companies, people, communities, and legacies
  • Sellers that are seeking transactional flexibility (structure, timing, investment levels)
  • Management teams that value and appreciate our involvement

TRANSACTIONAL DYNAMICS

  • Family-owned and/or operated businesses
  • Corporate carveouts
  • Orphans of former ownership groups
  • Complex structuring dynamics (legal, tax, environmental, culture)

OPERATIONAL OBJECTIVES

  • Businesses that would benefit from our capital investments and operational expertise to further grow and improve their organizations
  • Organization seeking transitionary guidance and help (succession planning, migration to stand-alone status (from corporate parent), entering new markets)

CAPITAL
OFFERINGS

  • Control and non-control equity
  • Common stock
  • Structured products
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