Acquisitions
What we look for in a business.
We seek control investments in closely held businesses with stable financial profiles and operating leadership in place. If your company fits, we’d like to talk, whether you’re ready to sell tomorrow or simply exploring options for the future.
Criteria
The basics.
Our criteria are deliberately simple. We focus on businesses we can understand, run, and own for the long term, without a need for continual access to outside capital to deliver acceptable returns.
- Understandable Business We invest in what we know how to operate.
- Operating Leadership in Place or Identified We extend legacies; we don’t parachute in turnaround teams.
- Track Record of Sustainable Earnings We pay for proven cash flow, not projections.
- Self-Funding Growth Limited need for continual capital markets access to achieve acceptable returns.
- Control Interests Only We are owners, not minority partners.
- Minimum $2 million Pre-Tax Earnings Transaction size greater than $10 million.
Target Markets
We have a strong track record in industrial niches and a clear sense of where our playbook applies. That said, we’ll look at any business that meets our criteria for quality at a reasonable price.
Industrial Consumables
Recurring-purchase products embedded in customers’ operations.
Value-Add Distribution
Distributors that win on technical expertise and service, not just price.
Light Manufacturing
Owner-operated manufacturers with established customer bases and proven products.
Metal Processing
Specialty fabrication and processing serving durable industrial end markets.
Business Services
Mission-critical services with high customer retention and recurring revenue.
Other Niches
Any business that meets our criteria for quality at a reasonable price.
Considering a sale?
If you own a business that fits the description above (or you’re an advisor representing one), we’d welcome a conversation. We move quickly, deal honestly, and respect what you’ve built.