Size
$500K–$1.75M
Adjusted EBITDA.
Buy box
What we buy, and what we pass on.
We’d rather be clear up front than waste your time, or ours.
The criteria
A business with a team, a history, and room to keep going.
Industries
Midwest manufacturing first.
We also look at B2B service, home services, wholesale distribution, and marine businesses.
We also consider remotely operated marketing agencies anywhere in the U.S.
Geography
Upper Midwest.
Minnesota, Wisconsin, Iowa, North and South Dakota, UP Michigan, and Northern Illinois.
Management
A team in place.
A general manager or management team needs to be in place. We spend time in the business after a close, but we need a company the team already knows how to run.
History
At least 7 years.
Seven or more years of operating history.
National exception
Team-run marketing agencies.
We consider marketing agencies anywhere in the country when a team already runs the business day to day.
What we pass on
We pass when any one customer is more than 25% of revenue.
- Owner-only operations
- Cannabis
- Firearms
- Heavy environmental risk
- Restaurants
- Retail
How we think about a platform
The company comes first.
We’re looking first for a platform company, then, later, for add-ons that fit. We buy to operate, and we plan to hold for the long term.
The For owners and For brokers pages explain a little more about working with us.
Next step
Does it look like a fit?
Send a short note about the company, where it is, and the team that runs it. We don’t need a long letter to start.