Investment Criteria

86 Investments Across the United States

Midwest West South Northeast

44 Investments

Illinois: 9 Investments
Indiana: 3 Investments
Iowa: 1 Investment
Michigan: 4 Investments
Minnesota: 2 Investment
Missouri: 1 Investment
Nebraska: 2 Investments
Ohio: 4 Investments
South Dakota: 2 Investments
Wisconsin: 16 Investments

8 Investments

California: 4 Investments
Colorado: 1 Investment
Washington: 1 Investment
Wyoming: 2 Investment

25 Investments

Alabama: 1 Investment
Florida: 1 Investment
Georgia: 2 Investments
Kentucky: 1 Investment
Louisiana: 1 Investment
Maryland: 2 Investments
North Carolina: 3 Investments
Oklahoma: 1 Investment
South Carolina: 1 Investment
Tennessee: 1 Investment
Texas: 9 Investments
Virginia: 2 Investments

10 Investments

Massachusetts: 2 Investments
New Jersey: 1 Investment
New York: 4 Investments
Pennsylvania: 3 Investments

 

Transaction Types

Management Buyouts, Recapitalizations, Acquisition Financings, Shareholder Liquidity Events, and Growth Financings.

Investment Size

At least $15 million

Industries

Manufacturing and service businesses across a variety of industries

Company Size

Revenue of at least $25 million
EBITDA of at least $4 million

Characteristics

Experienced management team
Strong cash flow
Established industry
Growing market share

Structure

Meaningful equity ownership (control or non-control) combined with subordinated debt with current yield.

Involvement

Serve as board-level advisors rather than day-to-day managers or operators

Not Considered

Start-ups, turnarounds, real estate financings, restaurants, oil and gas exploration