Acquisition Criteria
We invest in businesses we understand and can operate. Our criteria reflect our focus on execution, simplicity, and long-term value creation.
Business Characteristics
- Simple, understandable business model
- Products/services needed 20+ years from now
- Proven profitability or clear path to profitability
- Strong unit economics
- Recurring revenue model
- Low customer concentration
Financial Profile
- $5M+ annual revenue
- Positive EBITDA or near breakeven
- Clean financial records
- 3+ years operating history
- Consistent growth trajectory
Industry Focus
- Healthcare services or technology
- SMB services with operational leverage
- Mountain market real estate opportunities
- Fad-driven or trendy sectors
- Complex financial engineering plays
Partnership Structure
- Full buyout opportunities
- Majority stake with operator partners
- Minority investment with path to control
- Clear operational improvement opportunities
- Alignment on long-term hold strategy
Required
Preferred
Flexible
Avoid
What Makes a Good Fit
The Ideal Business
We look for businesses where our operational expertise can drive meaningful improvements. The best fits are companies with solid fundamentals that can benefit from better execution, technology adoption, and strategic focus.
Examples of Good Fits:
- •Healthcare service providers ready to scale
- •B2B service companies with operational inefficiencies
- •Mountain market businesses with expansion potential
What We Avoid:
- •Turnarounds requiring financial restructuring
- •Businesses dependent on regulatory arbitrage
- •Complex technology we can't understand