Investment Criteria
Target
Industries
- Aerospace & Defense
- Precision Manufacturing
- Industrial Components
- Specialized Fabrication
- Industrial Technology
- Infrastructure-Linked Manufacturing
- Energy & Power Systems
- Industrial Services
Target
Characteristics
- EBITDA: $2M–$25M; selectively lower or negative EBITDA where asset coverage, backlog, customer relationships, or recapitalization dynamics justify the opportunity.
- Founder-, family-, or entrepreneur-owned businesses preferred; we generally avoid sponsor-to-sponsor auction processes.
- Strong asset base and operational backbone
- Recurring or durable customer demand
- Opportunities for modernization or scale
- Domestic manufacturing footprint preferred
- Situations requiring speed, creativity, or operational credibility
Investment
Approach
- Controlling stake required
- Long-duration ownership mindset
- Operationally intensive
- Conservative capitalization
- Alignment with management
- Decisive execution
- Focus on downside protection first
Target Industries
- Aerospace & Defense
- Precision Manufacturing
- Industrial Components
- Specialized Fabrication
- Industrial Technology
- Infrastructure-Linked Manufacturing
- Energy & Power Systems
- Industrial Services
Target Characteristics
- EBITDA: $2M–$25M; selectively lower or negative EBITDA where asset coverage, backlog, customer relationships, or recapitalization dynamics justify the opportunity.
- Founder-, family-, or entrepreneur-owned businesses preferred; we generally avoid sponsor-to-sponsor auction processes.
- Strong asset base and operational backbone
- Recurring or durable customer demand
- Opportunities for modernization or scale
- Domestic manufacturing footprint preferred
- Situations requiring speed, creativity, or operational credibility
Investment Approach
- Controlling stake required
- Long-duration ownership mindset
- Operationally intensive
- Conservative capitalization
- Alignment with management
- Decisive execution
- Focus on downside protection first
