Investment Criteria
Recurring Revenue
More than 60% of the business's annual revenue is recurring.
Enduring Profitability
The business has been profitable for at least the past three years.
Growth
Both the company and industry it's in are growing.
Majority For Sale
Over 70% of the business is for sale.
Minimum Margin
The EBITDA margin is at least 10%.
Fragmentation
Fragmented customers, suppliers, and competition.