Acquisition Criteria

We acquire well-established, profitable small businesses with strong local market positions, predictable revenue, and durable cash flows. Our focus is on companies that are “too good to be small, not yet built to be big” and ready for their next stage of growth.

Target Business Profile

  • Operating history: Minimum 5–7 years of consistent operations
  • Profitability: Proven and sustainable EBITDA, not “story‑only” or turnaround situations
  • Local strength: Recognized brand or reputation within a defined region or niche
  • Recurring or repeat revenue: High visibility into future cash flows, low customer churn
  • Defensible position: Differentiated service, relationships, or know‑how that is hard to replicate

Financial Parameters​

  • Enterprise value: Typically between $1M and $10M
  • Sweet spot: Businesses valued between $2.5M and $5M, where we see the strongest combination of quality and scalability
  • Revenue mix: Diversified customer base, limited customer concentration risk
  • Cash flow: Stable, predictable cash generation, with sufficient margin to support growth investments and debt service

Ownership and Transaction Situations​

We are particularly well‑suited for:
  • Owner‑operators seeking succession or partial liquidity while preserving their legacy
  • Businesses that have outgrown “main street” buyers but are too small for traditional private equity
  • Add‑ons that can anchor or enhance a larger buy‑and‑build platform in a focused industry
  • Situations where the owner wants to stay involved in a strategic or advisory role and participate in future upside

Industry Focus and Exclusions​

We favor:
  • Service‑oriented, asset‑light businesses with strong customer relationships
  • B2B and select B2C companies in fragmented, non‑cyclical sectors
  • Business models where operational discipline, professional finance, and thoughtful M&A can materially expand value
We generally avoid:
  • Highly speculative, pre-revenue, or venture-style businesses
  • Businesses with significant regulatory, environmental, or binary legal risks
  • Models relying on a single key customer or a small number of contracts for survival

What We Look For Beyond the Numbers​

  • Strong culture and leadership: An ethical, resilient team that cares about customers and employees
  • Clear growth levers: Organic growth, pricing power, expansion into adjacent markets, or strategic acquisitions
  • Alignment: Owners and leaders who value transparency, long‑term thinking, and the benefits of a public‑company platform