Investment Criteria.
Size Revenues greater than $2 million Free cash flow between $500,000 and $2.5 million Business Characteristics History of stable cash flows Defensible market position Growth potential internally or through acquisition Transaction Types Buyout of retiring owner or majority/minority shareholder Management buyout Recapitalizations Corporate divestitures Will consider minority investments in special situations |
Geography Preference for Virginia-based companies Industry Preference Niche manufacturers of consumer or industrial products Differentiated service companies Value-added distribution Franchise build-out opportunities Avoid high technology companies Management Management continuity is preferred but not required Meaningful equity ownership for continuing management Principals will actively manage businesses on transitional or full-time basis |