Our investment criteria
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Growing
Your industry and business are growing.
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Profitable
>$500K in EBITDA or annual free cash flow
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Predictable
Recurring revenue and low customer concentration.
Our philosophy
We favor businesses with a unique approach to delivering superior service to their customers. Often, they are experts in their niche or have capabilities to deliver faster response times, lower error rates, a better cost structure, more convenience, improved customer experience, or a reputation that wins new business itself.
Why is this our focus? We believe this expertise commands a premium price and delivers clear value. It is defensible differentiation. Most importantly, it makes employees proud to come to work.
Starting three businesses taught us this. We learned from competing (successfully) with Amazon and Walmart.
Target industries
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Focus on one industry niche preferred (e.g., IT services for K-12) or industry-specific vendors like homeowner association management companies.
Accounting/finance services, IT, payment processing, payroll, backoffice management, administration, compliance, and program management are a few examples of relevant business activities.
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We want to take over back-office and non-billable activities so your team can focus on building deeper client relationships.
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Services supporting providers, like compliance, billing, revenue cycle management, diagnostics, and testing services.
Service providers with customers in the life sciences and pharmaceutical industries.
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Specific to one end market, like laboratories.
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Industry-specific carriers, captives, MGAs, or agencies.
Services who have the industry industry as their customers.
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We would love to learn more about your business.