- Recurring or predictable revenue model
- Annual cash flow between $1.5 and $5.0 million
- Operating margins of at least 10% with stable track record of profitability
- Modest historical growth with future growth opportunities
- Entrepreneur or family owned and operated businesses
- Owner seeking liquidity, either through full or partial sale of their business
- Owner seeking path to retirement and succession planning
- Owner looking to transition out of operating role and reduce day-to-day management responsibilities
- Exposed to stable and growing end markets
- Fragmented competitive landscape and customer base
- Limited cyclical exposure, risk of technology obsolescence, regulatory risk, legal risk, commodities risk and environmental risk
