Acquisition Criteria

We are broadly industry-agnostic and focus on the quality of the business rather than any single sector. We prioritize companies with:

• Durable demand for their products or services
• Dependable or recurring cash flow
• Understandable, well-run operations
• An established customer base
• Defensible market positions
• Clear opportunities for long-term growth

Industries of particular interest

Rather than limiting ourselves to a fixed list, we remain open to opportunities across many sectors, including:

• Service businesses
• Distribution
• Light manufacturing
• Business services
• Specialty companies
• Real-estate-related operating businesses
• Other established, cash-flowing companies where the economics and management structure make sense

Industries we do not pursue

• Highly speculative or pre-revenue businesses
• Ventures dependent on a single regulatory loophole or a transient market condition

• Revenue: A target range of $500,000 to $10,000,000 in annual revenue. This is a flexible guideline rather than a hard requirement — smaller or larger opportunities may be considered where the fit is right Proposed — owner to confirm/edit
• Profitability: Positive cash flow with a demonstrable path to sustainable margins. We consider businesses in transition when the underlying economics are sound
• Operating history: Established businesses with a track record. Generally three or more years of operating history is preferred, though not an absolute requirement
• Size flexibility: We consider smaller businesses with exceptional characteristics and larger transactions where the opportunity warrants

• Primary focus: United States
• International: We are open to international opportunities where the structure and economics make sense and are compatible with long-term holding ownership

We look for businesses with:

• Reliable and verifiable financial records — such as tax returns, profit-and-loss statements, balance sheets, bank statements, and accounting records. Audited or reviewed financial statements are welcome but not required
• Clean revenue recognition — no aggressive accounting or one-time inflations
• Gross margins that support the business model sustainably
• Owner earnings (SDE/EBITDA) that reflect the true cash-generating capacity of the business
• Minimal dependency on the owner's personal capital or personal guarantees
• Reasonable working capital requirements

• Transaction type: We remain flexible on structure. We may pursue 100% acquisitions, majority acquisitions, or other control structures depending on the opportunity and the seller's goals
• Financing: We may use buyer equity, conventional bank financing, SBA financing where applicable, seller financing, earn-outs, or other prudent acquisition structures. Our emphasis is on maintaining sustainable debt service and protecting the acquired company's cash flow
• Seller involvement: We welcome sellers who wish to stay involved during a transition period. We do not require it
• Earn-outs: We consider earn-out structures where they align both parties around future performance and reduce uncertainty
• Timeline: We move with discipline rather than to an arbitrary clock. Transaction timing depends on deal complexity, financing, due diligence, and the parties involved

• We do not acquire to flip. Every acquisition is made for long-term ownership.
• We do not burden acquired businesses with a capital structure their cash flow cannot safely support.
• We do not fire management teams as a matter of course. We invest in the people who built the business.
• We do not pursue hostile transactions or distressed asset firesales.
• We do not act as a broker, finder, or intermediary for other buyers.