We focus on enduring businesses with the following characteristics

Business profile

• Recurring or re-occurring revenue

• Limited customer concentration

• High customer retention

Industry focus

• Mission-critical B2B services

• Fragmented or regulated industry

• Examples include compliance, risk, and regulatory services

Financial profile

• $2 to $10 million in EBITDA

• $10 to $50 million in revenue

• >10 years of operating history

Owner situation

• Founder-owned

• Motivated seller

• No succession plan