Investment Criteria

In reviewing potential investment opportunities, we focus on companies with some combination of the following attributes:

• Companies with revenues between $30 million and $300 million, EBITDA between $5 and $25 million (with a minimum EBITDA margin of 10%), and enterprise values of up to $150 million; however, we can complete larger transactions in collaboration with affiliated investors.
• Fundamentally sound businesses with defensible market positions and broad product acceptance.
• Businesses at an inflection point in their growth cycle and experiencing growth-related constraints that cannot always be addressed with existing resources.
• Predictable earnings, limited seasonality and resiliency throughout the business cycle.
• Potential for achieving significant annual earnings growth through a combination of revenue growth (product and channel expansion) and improvement of sub-optimal processes (production, sales and systems).