Investment Focus

We seek to invest in excellent companies in industries where we have developed deep expertise and have a strong track record of success.

Business Services

We seek to invest in companies across the Business Services landscape possessing unique and differentiated service offerings, high barriers to entry, recurring and predictable revenue streams, and low capital expenditure requirements.

Representative Areas of Interest

Specialty Distribution
  • Value-Added Distribution
  • Industrial Distribution
  • Consumer Products Distribution
  • Healthcare Distribution
Business Process Outsourcing
  • Regulatory Compliance
  • Quality Assurance
  • IT Services
  • Mission Critical Functions
Marketing and Information Services
  • Specialized Information Services
  • Marketing Services
  • Printing
Facilities Services
  • HVAC, Plumbing and Electrical
  • Facilities Management
  • Testing, Inspection, Certification, and Compliance
Professional and Human Capital Services
  • Specialty Staffing and Consulting
  • Testing, Inspection and Certification
  • Legal Outsourcing
Infrastructure & Safety Services
  • Traffic Planning & Rental Equipment
  • Permanent Roadway Installation Services
  • Safety Flagging

Investment Criteria

Enterprise Value

$10 - $100 million

EBITDA

$2 - $12 million

Geography

North America

Ownership

We prefer to make majority ownership investments as the first institutional capital in a business.

Growth

History of growth and strong free cash flow, with multiple growth avenues going forward