Investment Criteria

• Revenues in excess of $20 million, with EBITDA in excess of $3 million.
• Investment size between $3 and $15 million.
• Strong management with a significant financial commitment linked to the success of the business.
• Demonstrated ability to generate free cash flow margins in excess of industry norms.
• Defensible market niche with meaningful market position.
• Historical cash flow sufficient to service proforma debt.
• Sufficient level of liquidity available through bank lines or otherwise.