Criteria
We specialize in scaling small market niche leaders
Investment Criteria
Company Size
- Revenue of $5-100 million
- EBITDA of $1-10 million
- Add-ons of any size
Business Characteristics
- Small market niche leaders
- Defensible market position
- Growth potential – organically or through acquisition
Management
- Management continuity is preferred, but not required
- Family-owned or retiring founder
Transaction Types
- Leveraged buyouts
- Corporate carve-outs
- Recapitalizations
- Family-held business succession
Industry Focus
Industrial technology
Industrial technology
- Analytical and test equipment
- Lab equipment
- Scientific instruments
- Gas detection and sensors
- Quality control and monitoring instruments
- Measurement and lab services
- Filtration and valves
- Water/wastewater treatment
- Aerospace and defense
Consumer & food
Consumer & food
- Food and beverage (branded & private label)
- Candy and confections
- Food ingredients
- Pet food and products
- Household and sporting goods
- Safety products, tools, and hardware
- Unique supermarket formats
Ag products & services
Ag products & services
- Products and services that support commercial crop and animal production
- Sensors and diagnostic tools
- Handling and processing equipment
- Agricultural building products
- Animal health and nutrition
B2B e-commerce
B2B e-commerce
- Catalog, e‐commerce, and omni‐channel distributors
- Marketers of commercial, safety, lighting, and RFID products
- Unique product‐focused companies
- Marketers of products and gear to enthusiast, prosumer, and niche markets