Mature Businesses with at least 5 years of Operating History

$2 to $25M in EBITDA with at least a 3-year history of earnings within this range

Sales of more than $10 Million with demonstrated or a clear path to double-digit operating margins

Primarily Family-Owned Businesses, but will consider carveouts from a corporation or take-privates

Track record of positive annual organic growth (2% or more over last 3 years)

North American Headquarters

Mature Industries excluding commodities, natural resources, or overly cyclical businesses (construction, real estate, etc.)

Stable and Diversified Client Mix

Sufficient Layer of Competent, Non-owner Management

Established Niche Expertise, Strong Brand Name, or Strong Reputation

Closely Held Ownership Looking to Retire