Investment Criteria
GEOGRAPHY
TEXAS TRIANGLE
Houston | Austin | San Antonio | DFW
REVENUE
$5MM - $25MM
Annual Revenue
EBITDA
$1MM - $5MM
Annual EBITDA
Industries of Interest
SPECIALTY MANUFACTURING
DISTRIBUTION & LOGISTICS
EQUIPMENT RENTAL & MAINTENANCE
INDUSTRIAL & ENERGY SERVICES
ENVIRONMENTAL & WASTE SERVICES
TESTING, INSPECTION & CALIBRATION
EDUCATION
HEALTHCARE & MEDICAL SERVICES
Attractive Target Characteristics
✓ 3+ years historical profitability
✓ Recurring revenue
✓ Loyal customer base
✓ Defensible market position
✓ Niche service or product
✓ Defensible market position
What I’m Not Looking For
✗ Turnarounds or distressed situations
✗ Highly cyclical businesses
✗ High customer concentration
✗ Competitive auction processes