Since our founding, we have focused on the lower middle market where we have found the most meaningful value creation potential.
Targeted and consistent investment criteria.
- We make control equity investments in management-led recapitalizations — looking to back business owners and management teams
Lower middle market focus
- Deal sizes typically between $25 million and $150 million for platform investments
- Equity investment sizes generally between $10 million and $30 million, with ability to tap our network for co-investments to commit significantly more equity
Stable and mature cash flows
- Companies with stable cash flow trajectory, generally with EBITDA greater than $5 million
- Predictable capital needs in support of existing business
- Business owners and management teams who share our values – we place a premium on cultural alignment
- Our sectors of expertise include specialty manufacturing, value added distribution, consumer products, and business services.
Attractive business attributes
- Management teams with a vision and aptitude for growth
- Strong and healthy company culture
- Compelling value proposition
- Market leaders with a competitive advantage
- Actionable growth opportunities