i is an ideal choice for business owners considering selling their business as part of their estate planning; and public companies considering divestitures of subsidiaries and divisions.

Universal Criteria
	To consider a company as an investment candidate, we/management must be able to add value to the business going forward.
Industries
	Wide variety of manufacturing and service-based industries/businesses.
	Companies in fragmented industries are of interest.
Revenues
	Platform acquisitions: Mature companies and corporate orphans with established historical revenues between $50 million and $1 billion +/-.
	Add-on acquisitions: Size is not relevant but generally $25 million and greater is preferred.
Earnings
	No minimum or maximum earnings/EBIT.
	We prefer companies with good/positive cash flows.
	However, we have also acquired unprofitable companies and will work to understand why a business may be losing money without being discouraged.
In addition to Strong Performers, we also consider Underperforming Companies.
	An under performing company may contain some or all of the following characteristics:
	Future improvements and new business practices can yield substantial value;
	Absence of a management leader or gaps in management team;
	Liquidity-constrained balance sheet;
	Opportunities for cost reduction;
	Opportunities for inventory reduction and working capital improvement;
	Opportunities for customer service level and lead-time improvement; and
	Opportunities to capitalize on the product position and generate annual revenue gains even in industries that are growing at modest rates.