What we look for
Situation
- Motivated seller seeking majority exit
- Owner/operator willing to assist transition for a period of several months
- Capable middle management eager to remain
We are focused on acquiring a great company that can benefit from our resources and capabilities.
Financial
- 3+ year history of continuous profitability
- EBITDA $0.5 - 2 million
- EBITDA margin at least 15%
We are not seeking early stage ventures, turnaround situations, or minority investments.
Industry
- Growing and profitable
- Fragmented with no overly dominant competitor(s)
- Limited exogenous threats like cyclicality, fashion trends, technological obsolescence, or legal, regulatory, and environmental risks
- Product/service differentiation exists or can be created
We like services and low capital intensity manufacturing/fabrication (but we are interested in other businesses that meet our investment criteria).
business
- Privately held, U.S. based business, located within driving distance of the South Carolina Upstate
- Clear product or service differentiation and a defensible competitive advantage
- Stable, predictable cash flow from recurring revenue
- Excellent reputation with a loyal, diversified customer base
- Good employee relationships and retention
We're looking for an opportunity to create superior returns through increased revenue growth and scale, operating efficiency, prudent financial leverage, and reinvigorated management.