$1MM - $15MM with no minimum for add-ons

$250K - $3.5MM

Buyouts, Non-core corporate spin-outs and divestitures

Fragmented with potential for consolidation

3-5x EBITDA

$750K - $10.5MM

While we have a preference for opportunities in the Southeast or Midwest, we are open to exploring deals in other regions as well

Defensible market position where business is respected within a diverse and unique client base providing for a compelling competitive advantage

We target companies with revenues up to $15 million and EBITDA up to $3.5 million. These businesses are often at an inflection point where operational improvements, strategic guidance, and investment can drive significant growth.

While we prefer to take a majority ownership stake, we are also open to minority investments alongside partners where our investment thesis and working relationship with the majority shareholder align.

While we maintain an industry-agnostic approach, we place a strong emphasis on sectors such as manufacturing, distribution & logistics, building materials, and industrials. These industries align closely with our team's deep expertise, offering significant opportunities for operational optimization and value creation.

We look for non-core business units or corporate spin-outs that have been neglected or under-invested by their parent companies. These assets often present significant upside potential with the right management and strategic focus.

An ideal investment is a company that has a proven track record of growth and possesses the capacity for continued expansion, or a business that has been undervalued, undercapitalized, or insufficiently developed by previous owners. These companies offer significant growth potential, which can be realized through targeted operational improvements, disciplined financial management, and strategic investments.

We prioritize businesses with a clear strategic or competitive advantage in their market, whether through proprietary technology, a unique product offering, or strong brand recognition. Companies operating in fragmented market segments with consolidation opportunities are particularly attractive.

We target businesses where the current owner/operator is facing limited succession options, either due to lack of internal management depth or an impending exit strategy. This opens opportunities for us to step in, apply our expertise, and help guide the company to the next phase of growth.

A diverse and unique client base is a critical factor, ensuring that the business has stability, is insulated from sector-specific downturns, and has room to grow through expanded product offerings or new customer acquisition.

We prefer companies that have an established and respected brand within their market segment, offering credibility and an ability to attract new business. However, we also look for opportunities where brand recognition can be enhanced with strategic marketing and operational improvements.

Our ideal transaction multiple ranges from 3-5x EBITDA, and we look for opportunities where the purchase price reflects a discount to the company’s demonstrated cash flow capability. This ensures that we are acquiring assets with strong upside potential at an attractive valuation.

We look for situations where key employees are under-incentivized or lack equity participation. By aligning employee incentives with company performance, we can unlock additional value and drive growth.

We are particularly interested in opportunities where a management buy-back or partner buyout could serve as a future exit strategy. This allows us to generate liquidity for stakeholders while maintaining continuity in operations and leadership.