Investment Philosophy
Our investment philosophy is based on six primary objectives:
- Acquire companies jointly with operating managers who are dedicated to building their business and rewarded for doing so.
- Operate each company on a world class basis by providing management with the operational, financial and human resources necessary to develop the business.
- Create meaningful ownership opportunities for management through an equity structure that aligns their interests with ours.
- Operate in an atmosphere of mutual trust, respect and the highest standards of integrity in all relationships.
- Use common sense and sound judgment to guide our actions.
- Build companies which produce reliable, growing earnings, and reinvest the cash flow to fund future growth. This is a long term investment strategy aimed at appreciation and compounding equity values.
Investment Criteria
We favor businesses with the following characteristics:
- Revenues of $30 million or more
- EBITDA of $5 million to $30 million
- Enterprise Values of $20 million to $200 million
Investment Preferences
We have experience with businesses in diverse industries in various stages of development throughout the country. Our preferences are:
- Midwest-based from the Great Lakes to Texas
- Niche manufacturing
- Business services
- Energy
- Architecture, engineering and construction
- Asset management
- Healthcare
Types of Investments
- Management led buyouts
- Generational changes of ownership
- Recapitalizations
- Corporate divestitures
- Late-stage growth equity
- Majority or minority ownership positions
