Investment Approach

Investment Criteria

Locations

USA or Canada

Enterprise Value

$50MM - $200MM
*No Minimum for Add-Ons

Transaction types

Buyouts, Corporate Divestitures, Minority Recapitalizations

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Sector Focus

Value-Added Distribution
  • Significant value-add from product alteration, technical sales, logistics, complex sourcing dynamic or category management
  • End markets feature substantial barriers to entry as a result of route density, regional economies of scale or meaningful supplier or customer relationships
Specialized Light Manufacturing
  • Consumer and industrial products with significant brand equity, a unique value proposition and high margins
  • Significant barriers to entry resulting from installed base of equipment, manufacturing efficiencies and substantial switching cost
Business Services
  • High customer repeatability and recurring revenue
  • Meaningful economies of scale, resulting in high barriers to entry and limited “in-sourcing” risk
  • Business merits and processes must be institutional; avoid companies highly dependent on specific personnel
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