Revenue - $3 million to $50 million, unless opportunity exists for consolidation.
Investment Amount - we invest up to $10 million of equity per transaction, in addition to outside financing.
Geographical Preference - strong preference for Midwest US.
Industries - we are opportunistic and open-minded buyers but avoid investing in retail and technology businesses.
Management - we have a strong preference for existing management but are willing to fill gaps, as necessary.
Customer Concentration - we avoid customer concentrations exceeding 25%.
Control - we require a control position or outright purchase.
Turnarounds - we will consider turnaround situations and have significant experience in this area.