From the start, our private equity strategy has been to invest in basic businesses— manufacturing, assembly, business services, value-added distribution and franchising companies—throughout the United States. We have invested in more than 100 portfolio companies creating a deep reservoir of experience and contacts across a broad array of industries.

The vast majority of our portfolio companies have been acquired as a result of family ownership transactions—corporate divestitures or recapitalizations of businesses owned by entrepreneurs. We use flexible investment structures to tailor our investment to satisfy the needs of the transaction—control equity or minority mezzanine positions. Regardless of the nature of the business or transaction, our goal is to grow and improve the business as partners with management and our co-investors.

Investment Criteria

We seek to invest in businesses with the following characteristics:

Industries: Business services and manufacturing with significant expertise in the following industries:

  • Aviation Services
  • B2B Services
  • Business Franchising
  • Engineered Materials
  • Industrial Electronics
  • Industrial Manufacturing
  • Industrial Services
  • Tech-Enabled Services

Transaction Types

  • Management buyouts
  • Recapitalizations
  • Control or non-control
  • Growth equity financing

Revenues

$15 to $100 million

EBITDA (Cash Flow)

$3 to $9 million, margins of 10% or greater

Investment Size

$5 to $20 million, with capacity to finance larger investments

Investment Structures

Equity or mezzanine debt

Geography

United States

Non-starters

We do not invest in retail businesses, start-ups, turnarounds or straight distribution businesses.