We focus exclusively in the lower middle market for growth-oriented investment platforms based in North America. Per the graphic below, the lower middle market has an abundance of potential target investments with EBITDA in the $3 to $15 million range. This continues to be a relatively “inefficient” part of the M&A market with lower multiples and limited intrusion from large funds. We have consistently experienced significant multiple arbitrage when applying our strategies to the appropriate business platforms.
Our primary emphasis in sourcing potential investment platforms is focused in three specific industry sectors.