Investment Criteria

Long Term

Buy, build, grow and optimize companies over an extended time horizon

Focus on future returns through business cycles

Values oriented

Emphasis on culture, community, family, partnerships, and employees

We respect what’s important to our partners

Supportive

Offer as much or as little support as a management team would like at any given time

Provide supplemental resources to growing teams

Relationship Driven

Intentionally build strong partnerships based on trust and transparency

Invest in people just as much as in businesses

Investment Criteria

We continue to seek opportunities to invest long-term capital into exceptional businesses that will benefit from additional resources, new relationships, and operational support & expertise.

Industrial & Manufacturing
Industrial Services
Medical Devices & Healthcare
Transportation & Logistics
Financial Services
Other Non-Commodity Market

Investment Criteria

North America
Europe
Japan

Geographies

Skilled Management Team
Strong Market Position
Sustainable Competitive Advantages
Multiple Paths to Grow Value
Favorable Industry Trends

Characteristics

EBITDA of $5 – $40 million
Gross margin > 25%
Low capex requirements
History of positive cash flow
ROIC > 15%

Financial Attributes