Investment Criteria

WHAT WE SEEK

Enterprise Value

$5M - $30M transaction

EBITDA

$1M - $5M+ annually

Revenue Growth

Stable or growing

Quality Metrics

Recurring revenue, diverse customers

Management

Strong team staying post-close

Criteria are guidelines and may be flexible for specific opportunities

WHAT WE AVOID

Owner-operator key man risk

Business heavily dependent on seller

Customer Concentration

Reliance on single customer (>25%)

High Volatility

Cyclical or trend-dependent models

Over-Leveraged

Limited debt capacity restricts financing flexibility and value creation opportunities

Poor financial controls or record-keeping

Lack of visibility into true business performance and cash generation

Focus: Strong fundamentals with operational upside

Investment Criteria

Enterprise Value

$5M - $30M transaction

EBITDA

$1M - $5M+ annually

Ownership

Founder-owned or family-operated

Business Quality

Strong recurring revenue, diversified customers

Team

Key leadership staying post-close

Geography

U.S. Based

Target Sectors

Maritime Services

Marine construction, port services, vessel operations
contracted work, high barriers to entry

Government Contracting

Facility management, logistics, compliance services long-term contracts, predictable revenue

Manufacturing & Industrial

Niche manufacturing, safety services, specialty fabrication, sticky customers, repeat maintenance revenue

Environmental Services

Waste management, remediation, sustainability
non-discretionary, consistent demand

Deal Structure

Equity

Co-invest network, family offices

Debt

SBA, bank, private credit, mezzanine

Seller Participation

Rollover equity, earnouts, seller notes

Timeline

Typically 3–9 months, sourcing through close

Target hold period of 5–7 years