Our buyer clients are ready to invest in successful firms that have a proven track record, strong management, sound financials and growth potential .

Investment Criteria

• $1 to $6 million of EBITDA with margins of greater than 10%.
• $10 to 60 million in recurring revenue
• Strong management willing to stay with the business and retain an equity stake.
• Significant identifiable organic and/or acquisition growth potential.
• Highly differentiated business model, product and/or services.
• Strong market position with identifiable barriers to entry.
• Limited customer concentration.
• Require control position with substantial participation by management.

Geographic Orientation

Will consider opportunities throughout the United States.

Industry Focus

• Light manufacturing
• Value-added distribution
• Skilled nursing facilities operations
• Specialty trailers
• Branded food products
• Consumer products and services
• Business services (including technology and software tools)
• Retail
• Storage products
• Toys
• Government services
• Electronic commerce

Investment Criteria

Industries of Interest

• Aerospace and defense
• Chemicals
• Industries
• Packaging
• Agricultural products
• Distributor of specialty piping products

Financial Criteria

• $2 million to $15 million of operating cash flow
• EBITDA margins greater than 10%

Business Characteristics

• Substantial growth opportunities
• Niche leader
• Strong competitive advantages
• Significant barriers to entry

Investment Criteria

The firm often acquires business from sellers seeking to retire or entrepreneurs seeking a partner to help them reach the next level of success. Investments are focused in established small-cap companies that can satisfy a majority of the criteria below.

Revenues: $20 – $500 million

Cash Flow: $2 – $50 million per transaction

Equity Investments: $1 – $100 million per transaction

Target Sectors:Business Services, Industrial , Commercial, Energy and Maintenance services.

Consumer Products and Services

Chemical: Specialty chemicals, coatings, water treatment, synthetic materials, basic chemicals.

Healthcare: Medical devices, products and services

Manufacturing: Niche manufacturing companies with excellent positions, strong asset base.

Technology: Software, services, hardware and niche technology products.

Desired Business Variables: Companies with established products/services

Stand-alone, high growth platforms, corporate carve outs, organic or acquisition buildups potential for high profitable internal growth.

Strong return on capital opportunity for significant market share capture with low technology risk.

Profitability: Business with solid fundamentals are strongly preferred. Operating profit margins exceeding 10%.

Certain distressed situations will be considered.

Capital Structure: Adequate asset base or cash flow to support debt is preferred.

Investment Criteria

• Target Investment Size: $10 – $30 million
• Target EBITDA: $4 million – $12 million
• Controlling ownership

Industry Focus

• Business services
• Industrial services
• IT and managed services
• Consumer services

Transaction Types

• Buyouts
• Growth capital
• Recapitalizations
• Corporate divestitures

Post-Closing Initiatives

• Custom growth strategies
• Infrastructure enhancement
• Operational process improvements
• Strategic personnel upgrades
• Market penetration expansion
• New product/service development

Investment Criteria

Sector Focused: Business and industrial products and services companies

Platform company size $10 million to $150 million in revenue; $3 million to $20 million in EBITDA.

Platform Company Stage: Established stable or growing companies at an ownership or growth inflection point.

Invested Capital Per Platform: $10 million to $30 million. Additional capital accessed through a robust co-investment program for LPS and capital partners.

Investment firm seeks to acquire niche leading, well performing companies.

Market leadership or potential to build a market leader or exceptional growth potential.

Investment Criteria

Revenue: $10 – $100 million

EBITDA: $3 – $10 million

EBITDA Margins: Above 10%

Sector Focus: Niche manufacturing, specialty distribution, business services, consumer products

An operationally-focused firm specializing in corporate divestures, companies in a state of transition and special situations.

Investment Type

• Corporate carve-outs
• Privately-owned business seeking a transition
• Special situations
• Control investment

Revenue

• Revenue ranging from $20 million to $500 million
• EBITDA ranging from negative to $30 million

Industries

• Aerospace and defense
• Diversified Industrials
• Consumer products and retail
• Business services
• Technology and telecom
• Healthcare

Focused on reinvestment and technology enablement to drive growth and expansion – that will solidify a company’s long-term market position and facilitate its ultimate success.

Investment Criteria

Industry Focus

• Business services
• Consumer products/services
• Industrial/manufacturing
• Technology

Size Characteristics

• Revenue: $20 – $250 million
• EBITDA: $5 – $35 million

Transaction

• Private companies or divestitures
• Management buyouts
• Shareholder liquidity events

Equity Strategy

• Enterprise Value: $50 – $500 million
• Platform Equity Check Range: $25 – $250 million
• Ample capital available for add-ons

Note: Most platform investments have closed within 45 days of L.O.I. able to close transaction with no financial contingencies.

Particular expertise in investing in family owned business. They provide family business with solutions to ownership transition, capital needs and, if necessary, succession planning. They value the experience and continued involvement of family owners.

Investment Criteria

• Revenue: $30 million to $300 million
• EBITDA: $5 million to $40 million
• Predictable EBITDA with high free cash flow conversion
• Significant opportunities for organic and acquisition driven growth

Types of Transaction

• Buyouts of private companies
• Spin-outs of divisions or subsidiaries of larger private or public companies
• Growth investments
• Going private transactions

Investment target of $15 million to $40 million in a portfolio company. We have the capacity to provide up to $200 million of equity capital in a single investment.

Industry Expertise

Consumer (branded and private label)

• Food & beverage
• Restaurants
• Household goods
• Health and wellness/personal care
• E-commerce
• Consumer service

Healthcare

• Physician practice management
• Behavioral health
• Outsourced healthcare services
• Value-based care & population health management
• Dental products & services
• Health & wellness

Ownership Transaction for Family-Owned Companies

Frequently, private company owners reach a point where they seek to achieve liquidity, or position their company for the next stage of development. The investment firm can facilitate these objectives by sponsoring a recapitalization of the business, in which the current owner obtains significant liquidity and the next level of management is enfranchised through equity ownership. In many cases, previous owners retain a significant equity interest so they can capitalize on the continuing growth potential of their company, which they help to realize.

Investment Criteria

EBITDA: $4 million to $20 million

Investment Size: $15 million to $75 million of equity

Investment Structure: Majority ownership

Sector of Interest: Business services, healthcare services, manufacturing, specialized distribution, skilled nursing, plastic manufacturing, residential furniture

Company Characteristics: History of profitable growth, strong sustainable position,favorable growth prospects and management that wishes to remain with acquired business.

Investment group invests in established profitable middle market companies across a range of industry sectors including consumer products and services, business services, specialty manufacturing, industrial technology and services and educational training.

Investment Criteria

• $25 million – $250 million in revenue
• $4 million – $15 million in EBITDA/operating income
• Strong underlying fundamentals; low capital intensity
• History of growth and profitability
• Strong management in place
• $10 million – $50 million of equity

Current Areas of Interest

Specialty manufacturing/industrial technology

• Connectivity
• Filtration
• Flow and process control
• Industrial tooling
• Test and measurement

Consumer Products and Services

• Baby/juvenile products
• Enthusiast products and services
• Express car washes
• Franchisors/franchisees
• Health foods and beverages
• Health and wellness
• Home-based care
• Home maintenance and repair services
• Personal care services
• Pet products and services

Healthcare Services

• Behavioral health
• Cost containment services
• Data analytics and intelligence
• Dental services and laboratories
• Revenue cycle management

Business Services

• Asset-light logistics/3 PL providers
• Business process outsourcing
• Distribution and industrial services
• Governance, risk and compliance (GRC)
• IT managed service providers (MSPS)
• Landscape services/facilities maintenance
• Marketing service and digital marketing agencies
• Offender monitoring
• Workplace environmental health & safety

The firm targets investments in companies that have multiple avenues to grow value, including revenue growth, cost rationalization and improved operations, as well as strategic acquisitions.

Investment Criteria

• Revenue of at least $10 million
• EBITDA of at least $2 million
• Significant growth opportunities
• Historical growth and profitability (minimum of three years)

Favorable Characteristics

• Proven management
• Team with vision, ability and commitment
• Niche market focus
• Strong brand identity
• Limited capital intensity
• Low technology or obsolescense risk

Industrial Preference

Industry

• Manufacturing
• Consumer products

Areas of Interest

• Contract/niche
• Branded/automotive accessories
• Hispanic oriented

Food Service

• Products (food & non-food)
• Services/restaurants

Business Services

• Distribution
• Transportation
• Direct marketing
• Advertising

Transaction Structure

• Enterprise value of $10 million to $50 million
• Opportunity for seller to retain significant equity upside.

Investment firm seeks opportunities in low-tech niche manufacturing, distribution and service business or industrial service that offer both operating stability and significant growth potential.

Company Criteria

Annual revenue ranging from $5 million – $100 million

Profitability

Adjusted operating profit ranging from $1 million to $10 million and EBIT margins of at least 10%

Capital Requirements

Prefer non-seasonal companies without excessive working capital needs relative to sales, as well as low-to-moderate annual capital expenditure requirements.

Industry

Mature, non-cyclical preferably fragmented with few dominant market leaders.

Management

Partner with experienced management who will oversee day-to-day operation.

Customer Concentration

Generally prefer companies where top customer does not account for more than 30% of revenue.

Growth Potential

Business should have capacity for growth.

Industry Focus

Manufacturing

• Defense and aerospace
• Branded specialty
• Machinery with large install base
• Packaging materials and related products
• Electrical components and assemblies
• Business to business branded products
• Niche proprietary industrial products

Industrial Services

• Aviation support services civil and military
• Maintenance, repair and operations (MRO) services
• Niche/specialty distribution
• Niche packaging and contract packaging
• Engineering services
• Destructive and non-destructive inspection
• Domestic and international logistics

The investment group is experienced in pursuing investment opportunities involving complex operational or financial challenges. They understand the significant commitment of time, resources and professional turnaround experience required to unlock value within non-core, under-performing or distressed business. The firm helps business-owners by providing equity infusions, acquiring non-core or challenged business, and/or recapitalizing balance sheets.

Investment Criteria

Revenues: $30 to $800 million

Investment Size: $5 million to $60 million of equity. Through our limited partners, we have access to additional capital to fund larger transactions.

Profitability: Any (including negative)

Target Industries

• Industrials/metals
• Consumer
• Aerospace and defense
• Business services
• Paper and packaging
• Logistics
• Chemicals
• Restaurants
• Healthcare
• Manufacturing
• Plastics
• Telecom

The firm has a particular expertise in investing in family owned business. They provide family business with solutions to ownership transition, capital needs and, if necessary, succession planning. The investment group values the experience and continued involvement of family owners and are flexible in how they structure a transaction to meet their needs.

Investment Criteria

The firm seeks to make investments in middle market business which typically have the following characteristics:

• $30 million to $300 million in revenue
• $5 million to $40 million in EBITDA
• Predictable EBITDA with high free cash-flow
• Significant opportunities for organic and acquisition driven growth

The firm targets to invest $15 million to $40 million in acquiring company.

Types of Transaction

The firm invests in a variety of transactions including:

• Buyout of private companies
• Spin-outs of divisions or subsidiaries of larger private or public companies
• Growth investments
• Going private transactions

The firm assist their acquiring company in pursuing organic and acquisition driven growth opportunities.

Investment firm buy and build approach focuses on investing in and transforming companies through accelerated organic growth and strategic add-on acquisitions. They back market leading companies and aim to triple their size. The investment group employ multiple levers to enhance competitive differentiation through higher growth and improved margins, with a compounding benefit to value creation. They collaborate with management partners to develop winning teams and invest in technology, capabilities and infrastructure-building business built for the future, with clear market leadership, strategic focus, and a demonstrated track record of execution.

Strategy Development and Refinement

The firm works with their partners management teams to deploy, refine and enhance company’s long-term strategic plan. It takes strategic vision to complete and thrive in today’s global, digital economy- and they are focused on building companies uniquely prepared to lead well into the future.

Investment Criteria

Investment group partners with management teams of middle market companies looking to accelerate growth. They target investments in five core industries: business services, consumer, healthcare, industrial technologies, and software and technology. Within these industries, the firm aims to invest in companies with market leading positions and sustainable competitive advantages, where they see potential for their buy and build approach to drive transformational growth.

Annual EBITDA

$8M – $50M

Total Enterprise Values

$100M – $500M

• Market leading position
• Proven management
• Industry structure consistent with buy and build strategy
• High free cash flow conversion
• Strong EBITDA growth prospects
• Sustainable competitive advantages