Investments will typically have the following characteristics:
Privately-held companies with operations focused in the Midwest
Target EBITDA of $4 million to $15 million
Companies looking for expertise to improve growth platform
Clearly understood value drivers and a sustainable competitive advantage
Proprietary products, processes, and intellectual property
Further considerations include:
Industry health, potential, and long-term prospects
Ability to leverage capital and experience
Opportunity to build over the long-term