Investment Critera

We understand that businesses take many different forms, and as we draw on a broad base of successful operating and investing experience, our interest is not constrained to any single sector or type of business. However, we generally prefer to focus on businesses with certain attractive traits that are familiar to us and give us confidence in their long-term success

Industry

Our ideal target is in a business services or technology sector that is fragmented and offer substantial growth opportunities. We avoid industries that are highly cyclical, capital intensive and/or face significant external disruptive risks.

Size

We are primarily looking for a business with an enterprise value between $2M and $50M, and that generate over $1M of revenues and in excess of $500k in cash flow. 

Company

Our focus is on an established and profitable business, and we avoid early-stage ventures or significant operational turnarounds. We are on the lookout for a business with greater than three years operating history, with stable growth and margins consistently more than 15%.

We are particularly interested in a business with the following characteristics: A high percentage of recurring revenues, a loyal customer base, strong market reputation and work culture, and a product or service offering with a distinct and sustainable competitive advantage.

If you are a broker or intermediary that can connect us with an interested seller of a business that meets our criteria, we would love to hear from you.  We will pay industry standard finder’s fees in the event of a successful acquisition.