Investment Focus
We focus on lower middle market transactions, targeting businesses with revenue between $10 and $100 million or EBITDA between $4 and $10 million. We review a wide variety of transactions in the business services, light manufacturing and distribution industries. We focus on sectors we understand and where we have insight and experience, including:
• Business/Outsourced Services
• Commercial Security
• Environmental Services
• Laboratory Products and Equipment
• Transportation & Logistics
• Test & Measurement
We avoid turnarounds; however, we will invest in the balance sheet recapitalizations of overleveraged, financially distressed companies which possess the characteristics outlined below.
We do not invest in the retail, real estate, or technology sectors; start-ups; or early stage companies without a track record of profitability.
Business Characteristics
Our investments usually possess a number of the following characteristics:
• Proven, Profitable Business Model
• Solid Core Business with Identifiable Growth Potential
• Attractive Return on Net Assets
• Strong Relationships with a Diverse Customer Base
• Competitive Advantage Achieved through a Differentiated Product or Service
• Capable Management Team
• Recurring Revenue Stream
Geography
For new platform investments our interests are oriented towards companies headquartered in the Mid-South, Mid-Atlantic and Southeastern Regions of the United States. For add-on acquisitions for existing platforms, we will pursue opportunities anywhere in North America.
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