Investment Criteria
Financial Metrics
- Revenue $8M – $100M
- EBITDA $2M – $10M
- Gross Margin > 25%
- TEV $10M – $60M
Transaction Reasons
- Owner retiring or seeking to step-away from day-to-day operations
- Seeking partner to grow
- Family or other private circumstances
- Corporate divestitures
Sectors
- Industrial Equipment
- Buildings and Infrastructure
- Environmental and Recycling
- Aerospace and Defense
- Chemical, Oil & Gas Process (except upstream)
- Water and Wastewater
- Pharma / Biotech
- Food & Beverage
- Medical / Healthcare
Categories
- Niche manufacturing
- Specialty products
- Sensors, Controls, Automation and Instrumentation
- Flow-control components
- Distributors and VARs
- System Integrators
- Maintenance, Repair and Overhaul (MRO)
- Managed Services
Geographic Focus
- United States
Business Characteristics
- Mission critical products
- Severe service applications
- Aftermarket & service content
- Low asset intensity
- Consistent cash flow
- Identifiable growth path
- Scalable model
- Fragmented customer base