In general, companies in which we have an interest may have some or all of the following characteristics: the potential to achieve scale through add-on acquisitions, the potential and/or need for global presence, the need for operational improvement, the need to supplement the existing management team, or the need for strategic refinement or redirection.

General Investment Criteria

• Acquire controlling interests in small cap and lower-middle market companies
• Invest equity of $10 million to $100 million in transactions valued between $15 million and $250 million
• Companies should meet at least one of the following criteria:

Industries of Interest

While we are generalists, the following industries are of particular interest:

• Building Products
• Business Services
• Distribution / Direct Marketing
• Energy
• Niche Manufacturing / Specialty Industrials
• Technology & Media
• Consumer Products
• Environmental Services
• Education
• Food & Beverage
• Waste & Recycling
• Water & Wastewater Services

Investment Strategy

• Partner with management teams to create equity value through superior strategic and operating performance
• Situations we seek may include one or more of the following:
  
  • Consolidation strategy
  • Globalization strategy
  • Operational improvement
  • Rapid growth potential
  • Strategic refinement or redirection
  • Industries in flux
  • New management or supplement existing
  • Distressed situations
  • Complex transaction structures