Investment Criteria.

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Size
Revenues greater than $2 million
Free cash flow between $500,000 and $2.5 million
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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 

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