Manufacturing
- Precision machining and fabrication
- Industrial components and equipment
- Food and beverage processing equipment
- Packaging, converting, and printing
- Metal finishing, coating, and treatment
Investment Criteria
What we look for, and what we do not.
We would rather be candid now than waste an owner’s time later. If your company sounds like the profile below, we would like to hear from you.
Company profile
Criteria · 1 of 4
- Ownership
- Founder, family, or management-owned, often approaching a retirement or succession decision.
- Operating history
- Typically ten years or more, with customer relationships that have endured market cycles.
- Market position
- A defensible niche supported by capabilities, certifications, route density, or a trusted reputation.
- People
- A capable team beneath the owner, or a clear path to build one with the right support.
Financial profile
Criteria · 2 of 4
- Profitability
- A consistent history of earnings and cash flow, not one unusually strong year.
- Size
- Lower middle market. We stay flexible because a strong company rarely fits every screen perfectly.
- Revenue quality
- Repeat customers, recurring service work, or long-run programs are preferred.
- Capital needs
- We are comfortable with equipment-heavy businesses and plan for continued investment.
Sectors and geography
Criteria · 3 of 4
Business services
- Industrial and facility services
- Testing, inspection, and compliance
- Specialty distribution and repair
- Logistics and route-based services
- Outsourced technical and field services
Geography: Wisconsin first, then Minnesota, Iowa, Illinois, Michigan, and nearby Upper Midwest markets.
Transaction fit
Criteria · 4 of 4
01
Situations we pursue
Full or majority acquisitions, management buyouts, recapitalizations, and growth investments where the parties share a clear long-term plan.
02
How capital works
We form a dedicated acquisition vehicle for each transaction. The investor group, governance, and capital plan are matched to that company rather than drawn from a blind-pool fund.
Think your company might fit?
A confidential conversation costs nothing and commits you to nothing.