Investment Criteria

We have two main types of businesses we invest in

Pool landscape

Special Situations

As experts in lower middle market turnarounds, we act as a solution provider to difficult auction processes and fatigued equity and debt holders.

Areas of focus:

  • Industries: B2B Service, Technology, Consumer, Retail, Industrial, Manufacturing, Home Service
  • Revenue Size: $20 Million to $750 Million
  • EBITDA negative or positive

We invest in special situations like:

  • Lender issues
  • Corporate divestitures
  • Distressed deals
  • VC fallen angels
  • Decreasing revenues & profits

These businesses typically have revenues between $20 million and $750 million and may have either positive or negative EBITDA.

Our focus is on businesses where we can acquire 51% to 100% ownership and create value through operational improvements, restructuring, and growth.

Our Philosophy on Special Situations

Even great businesses can benefit from fresh perspectives. We identify opportunities in companies with strong foundations, realign strategies, and position them for enduring success.

Many companies possess fundamentally strong business models but are hindered by misaligned capital structures or operational inefficiencies. We excel in identifying these opportunities, fixing core issues, and driving long-term profitability.

Businesses we love

  • Easy to understand product offering

  • High gross margin operations

  • Recession-proof business model

  • $20M-$750M in Revenue

  • Negative to $10M in EBITDA

  • Industry agonostic