Calvert Street
Investment Parameters
Investment Structure
  • Control or significant minority ownership positions
Investment Size
  • $15 million+ of capital for initial platform investments
  • Typically invest up to $50 million per strategy inclusive of add-on acquisitions
Target Company Profile
  • $15 million+ of Revenue
  • $3 to $15 million of EBITDA
  • No minimum or maximum for add-on acquisitions
  • Headquartered in US
Industry Focus
  • Industrial Services
  • Specialty Manufacturing
  • Tech-enabled Industrial & Business Services
Capital Structure
  • Conservative third-party leverage
  • Current yield when the strategy supports it
  • Opportunity for sellers to maintain meaningful ownership interest
  • Usually family, entrepreneur, or operator-owned
  • Strong preference to be first institutional investor
Business Characteristics
  • Scalable business model
  • Organic and inorganic growth opportunities
  • Differentiated products or services
  • Defensible market position
  • Predictable and recurring demand
  • Strong cash flow generation