
Attributes We Look For
Profitable
We look for profitable companies exceeding 15% SDE for the prior 36 months. While we'd consider companies in the 10-15% SDE, these are not our ideal acquisitions.
Broad Customer Base
We prefer to consider businesses in which no single customer represents more than 5% of revenue in any given year.
Geography
Our ideal acquisition target is a company selling to a large geography, ideally throughout the United States.
Legacy Industries
We look for businesses in industries difficult to disrupt such as manufacturing and specialty services.
Key Suppliers
Ideally, our acquisition targets sell a rather small part or service to a large audience. For example, a manufacturer of specialty machine parts used in most agricultural equipment.
Under the Radar
We're not interested in high-profile or new industries. We prefer "unsexy" companies in low-profile industries that are built to last.