Performance Criteria

Performance Criteria

Quality over Price

We believe that investments in excellent companies at fair prices perform better over the long term than mediocre companies at cheap prices.

Criteria Include:

Strategic excellence
- One or more sources of sustainable competitive advantage
- Long term prospects for growth and/or scalability
Management excellence
- Demonstrated knowledge of the business and its markets
- Ability to motivate people
- In-place management or identified succession plan
EBITDA positive
- Typically EBITDA in the range of $2mm to $7mm
ROI – not just IRR
- Superior returns on internally invested capital
- Leverage is not a substitute for economic returns.