My sole focus is acquiring a privately-held company with the following financial and business characteristics. My goal is to work with committed sellers that need to achieve either full or partial liquidity. I am not a private equity sponsor or strategic acquirer—my aim is to work with business owners who no longer wish to run their firms but value the long-term success of what they have built.
Desired Financial
Characteristics:
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Revenue: Greater than $5mm, Growth greater than 10%
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Cash Flow: Greater than $1m
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High Amount of Recurring Revenue
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Limited Capital Expenditure Requirements
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Strong, Conservative Balance Sheet
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Large Market Size (greater than $1.0 Billion)
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Strong Industry Dynamics
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High Return on Tangible Assets
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Service Based Business Model
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Higher Barriers to Entry
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Low cyclicality
Desired Industry
Characteristics:
Desired Business
Characteristics:
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Simple and Understandable Business Model
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Consistent Operating History
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Succession Issues. Committed Seller
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Loyal and Dedicated Employees
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No Customer Concentration
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Strong Middle Management
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Low Regulatory Risk