INVESTMENT CRITERIA

We seek to develop a balanced portfolio of investments that meets our return and diversification objectives across multiple business cycles.

Investment Size: 

$2 - $10 million per portfolio company

Company Characteristics: 

• Minimum Revenue: $10 million

• Minimum EBITDA: $1 million

• Sustainable free cash flow

• Proven management team with at-risk capital

• Diversified customers, markets and suppliers

Investment Structures: 

• Coupon-only, fixed rate, subordinated debt

• Subordinated debt with nominally priced warrants

• Minority equity co-investments

Geographic Focus:

Southeast and Mid-Atlantic US

Transaction Types: 

• Private equity sponsored buyouts

• Management and family-driven ownership transitions

• Acquisitions

• Recapitalizations

• Growth capital

Industry Focus: 

• Business services

• Light manufacturing

• Healthcare services

• Consumer products

• Wholesale distribution

• Recurring revenue business models