Financial
Revenue between $5M and $40M
Contractually recurring or highly repeating sales
EBITDA greater than $1M
Demonstrated revenue and earnings growth
History of reliable, positive cash flow
Company
Privately held and headquartered in the United States
Clear competitive advantage
Experienced and driven middle management team
Limited customer concentration (no customer making up >25% of sales)
We are NOT interested in the following opportunities
Minority investments or growth capital needs
Early stage companies and start-ups
Distressed or turnaround situations
High levels of capital intensity