| 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
|
| Ownership |
- 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
|
