Industry

Targeted industries include chemicals, energy, business services, distribution, and niche manufacturing.  We do not invest in real estate, mineral exploration, financial institutions or businesses involving significant bet on the evolution of specific technologies or with high risk of technological obsolescence

 

Geography

Focus on the Midwest, South, and Southwest, but actively pursue investments nationally

 

Sponsorship

Will invest in unsponsored transactions. Will co-invest with other funds

 

Control

Generally do not seek a controlling interest

Investment Criteria

Stage of Development

Established businesses with history of profitability. Will not invest in early stage businesses or in turnarounds

 

Company Size

Earnings before interest and taxes of at least $1.5 million

 

Management

Must have strong track record and be in place or already identified as part of an acquisition.  Meaningful ownership stakes and appropriate incentives are important

 

Investment Purpose

• Growth Capital
• Strategic Acquisitions
• Ownership Transitions
• Recapitalizations