Investment Strategy
We invest where we can make a positive impact to grow our investments and generate an above-market return for our investors. We focus on control buyouts of growth-oriented industrial businesses well-positioned for accelerated growth through organic means and value-enhancing acquisitions.
Investment Criteria
Initial Platform Investments:
- Enterprise Value <$100M
- Location: North America
- EBITDA: <$15M
- EBITDA Margin: >10%
Add-on Acquisitions
- No Size Minimum
- Location: North America
- Must be Profitable
- Must be a Compelling Strategic Fit
Areas of Interest
Natural Resources
Energy Management
Chemicals
Industrial Services
What We Look For
Investment Strategy
We look for opportunities and business models that are asset light and teams who have demonstrated the discipline and track record of managing working capital to maximize cash flows.
Compelling Growth Thesis
We look for opportunities with a strong track record of profitable growth (>10% annually) and/or the potential to grow aggressively through organic or inorganic means and propelled by environmental tailwinds.
Barriers to Entry
Barriers to competition, through intellectual property, proprietary processes, and/or resources, geographic proximity to customers, are an important consideration in evaluating the growth potential of an investment.
Experienced Management
Leadership is key to accelerating the positive momentum of any business. We look for engaged and motivated management teams who are experienced in the targeted industry and product or service offering.
Diversified Customer Base
We believe an over reliance on a small number of customers limits growth potential, increases earnings risk, and overall exhibits an unhealthy power dynamic that puts your fate in the hands of a few.
Environmental Impact
Attractive investment targets will either produce a product or provide a service with a demonstrated positive environmental impact consistent with ESG sustainability metrics and/or will benefit from an increased such focus.
