Target Investment Profile

Geography

Los Angeles County, Orange County, and Ventura County.

Financial Profile

Under $5mm in annual cash flow, 15%+ cash flow margins, relatively stable cash flow.

Business Characteristics

Low customer concentration, high degree of recurring revenue, fragmented industry.

Growth Opportunity

We seek businesses that have the opportunity to become platforms for roll-ups or that have been under-invested in by prior owners. This can include opportunities to grow revenue by investing in equipment, marketing, or human capital.

Management

Long-Term Orientation

We prefer opportunities to invest where there is a strong existing management team in place. We do have flexibility to hire new management or to engage in management activities ourselves if necessary.

We seek businesses that will endure for many decades ahead. Our partners have long-term patient capital and are committed to preserving founder legacy for many years to come. We seek to be good stewards of our capital and the businesses that we operate, creating wealth and opportunity for shareholders, customers, employees, and the communities in which we are present.