While we will entertain a broad range of opportunities for direct investment, there are certain characteristics to a business that we consider important to its success:
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Experienced, highly motivated and ethical management teams
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Enterprise values of $10 million to $100 million
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Annual revenues greater than $10 million
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EBITDA in the range of $2 million to $10 million
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Favorable industry dynamics that support revenue and earnings growth
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Rapidly growing or consolidating markets
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Compelling growth prospects and/or margin expansion opportunities
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Defensible market position based on a sustainable competitive advantage |
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Scalable business model |
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Strong free cash flow |
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