Investment Criteria

• B2B services, manufacturing, or technology

• Large and growing addressable market

• Fragmented industry

• Meaningful barriers to entry

• Non-cyclical industries that display little, if any, seasonality

• Low threat of external shocks

• Annual earnings between $500 thousands and $3 million

• Positive cash flow for 3 or more years

• Recurring revenue streams or high share of repeat business

• Diverse customer base with high retention rates

• Identifiable differentiation and growth paths

• Retiring owner/operator without a successor in place

• Owner desires a more focused, less involved role (e.g. technical, sales, board seat)

• Serial entrepreneur ready to transition to next venture

• Owner seeking to diversify personal balance sheet with other investments