Company Characteristics:

• At least five years of operating history
• Will consider turnaround or otherwise operationally challenged businesses
• Prefer strong management willing to continue and co-invest
• Revenue in excess of $3 million annually
• EBITDA or pro forma EBITDA in excess of $500k annually

Investment Size and Structure

• Control and minority investments
• Flexible capital structure:
• Subordinated Debt
• Preferred Stock
• Common Stock