Focus & Criteria
Sectors
Industrial Technology
- Instrumentation
- Hardware enabled software
- Test & Measurement
Manufacturing
- Proprietary manufacturing
- Contract Manufacturing
Equipment
- Rental / Leasing
- Agriculture equipment and parts
Business Services
- Supply chain service providers
- Value added distributors
- Testing, Inspection, Certification and Compliance
- Facility Services
Deals
Structure
- Control, or minority equity with a path to control
- Co-investment partner with similarly situated entities
- Active minority equity
- Structured equity (Mezzanine and Preferred Equity)
- Consideration can include a combination of cash, rollover equity, earn-out
Situations
- Founder and family ownership transition or exit – while looking to preserve legacy
- Owner liquidity
- Management buyout partner
- Quiet and frictionless deal required
- Complex situations with hidden or unlocked value
- Capital constrained businesses
Characteristics
- Revenue: $5 – $100 million
- Profitable with healthy margin (flexibility for situations with a “story”)
- North America based
- Motivated workforce / Energized organization
- Component of recurring revenue
- Strong market positions, taking market share or an opportunity to take share