Investment criteria:
Financial
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$3m-$50m in annual revenue
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$1m-$5m in annual EBITDA/cash flow
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Highly recurring/re-occurring revenue with stable margins
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Low to moderate capital intensity
Industry
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Fragmented industry with a large addressable market
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Industry agnostic, but preference for: B2B services, software, tech-enabled services, wholesale/distribution, specialty manufacturing, maintenance & repair
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Owner seeking full or partial sale and to reduce day-to-day responsibilities
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Middle management to remain involved post-transaction
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Differentiated product or service
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Diversified customer and supply base
Company and transaction
Transaction process:
Through a informal introductory call, we'll get to know each other, discuss your succession goals, and determine whether a fit exists. No two transactions are the same; we believe in a hands-on approach that involves listening to your needs, understanding the nuances of your business and situation, and working together to achieve a mutually beneficial outcome.
Step 1: Introduction
(1-2 Weeks)
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Conduct informative call and identify fit
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Sign confidentiality agreement
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Assess basic financials
Step 3: Diligence
(4-8 Weeks)
Step 5: Post-Transaction
(Long-term)
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Sign a letter of intent (LOI) to work together on a transaction
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Conduct due diligence (accounting, legal, etc.)
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Create a 100-day business plan
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Transition into operating the business
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Build upon company legacy through growth initiatives
Step 2: Exploration
(1-2 Weeks)
Step 4: Acquisition
(1-2 Weeks)
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Discuss joint objectives
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Gather additional information with onsite visits and management meetings as needed
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Submit an indication of interest (IOI)
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Sign the final purchase and sale (PSA) agreement
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Transfer funds to owner