Investment Criteria
What we look for
We are searching for one exceptional company to acquire and lead for the long term. These are the markers — financial, operational, and human — that indicate a strong fit.
- RevenueRevenue
- $0M – $0MNot early-stageEstablished, not early-stage
- EBITDAEBITDA
- $0K – $0MCash-generativeConsistent and cash-generative
- EBITDA Mgn.EBITDA Margin
- 0%+Durable economicsHealthy, durable economics
- Op. HistoryOperating History
- 0+ yrsA proven track recordA proven track record
Areas of Focus
Target industries
We are generalist by mandate, with a bias toward essential, enduring businesses — these are the sectors where we spend the most time.
Business & Professional Services
Healthcare Services
Industrial & Manufacturing
Field & Facilities Services
Distribution & Logistics
Tech-Enabled Services & Software
Geographic Focus
Where we're looking
We focus on businesses headquartered in the United States. Location alone will not disqualify a strong company — we are prepared to establish ourselves wherever the right one is based.
United States
A nationwide search across the U.S.
Willing to relocate
We will relocate to wherever the right company is based.
Operations stay put
Headquarters, team, and roots remain in place.
Business Characteristics
What makes a company a fit
Numbers open the conversation, but these qualities are what we are ultimately underwriting.
Looks for
- Recurring revenueRecurring, repeat, or contracted revenue
- Diversified customer baseA diversified base — no outsized customer concentration
- Stable marginsStable or expanding margins
- Loyal, tenured teamA loyal, tenured team and capable second layer
- Clear paths to growthClear, fundable paths to continued growth
Tends to avoid
- TurnaroundsTurnarounds and distressed situations
- Heavy concentrationHeavy customer or supplier concentration
- Binary tech or regulatory riskBinary technology or regulatory risk
- Cyclical or commodity marketsHighly cyclical or pure-commodity markets
- Owner-dependent revenueRevenue that walks out with the departing owner
Think your company might be the one?
Even a rough fit is worth a conversation. Reach out in confidence — no bankers, no process required.