INVESTMENT CRITERIA

Key Business Characteristics

• Stable or recurring revenue 
  
• Identifiable growth opportunities 
  
• Sustainable margins 
  
• Simple, understandable businesses 
  
• Non-cyclical industries 
  
• Significant barriers to entry 
  

Financial Criteria

• Cash Flow: $500,000 - $4.0M EBITDA 
  
• Revenue: $5M-$25M 
  

Geographic Preference

• Western United States 
  

Deal Structure

• Previous deals have included combinations of cash, note, and/or earn-out