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



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



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



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



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