Investment Criteria

What we look for.

We focus on established, profitable companies in equipment-intensive and related B2B sectors. The guidelines below are a starting point; we are flexible for the right business.

EBITDA
$2–10M+
Geography
Nationwide
Sectors
Equipment rental, distribution & B2B
Horizon
Long-term ownership
Rows of aerial lifts and compact equipment parked at an equipment rental yard

Industries

  • Equipment rental
  • Heavy & specialty equipment rental
  • Equipment sales & distribution
  • Industrial distribution
  • Other asset-backed B2B businesses

Business characteristics

  • Established operating history and consistent profitability
  • Durable customer relationships with recurring or repeat revenue
  • Experienced employees and a capable management team
  • Management willing and able to remain in place after a transaction
  • A good reputation in its market and with its customers

EBITDA

Generally $2–10+ million, with flexibility for exceptional businesses.

Geography

Nationwide, with particular interest in high-growth U.S. markets.

Situations we consider

  • Founder, family, and entrepreneur-owned businesses
  • Owner retirement and succession planning
  • Full or majority ownership transitions
  • Partnerships with management teams seeking a long-term capital partner
  • Both marketed processes and proprietary opportunities

For intermediaries

Brokers, bankers, and advisors are welcome.

We value relationships with business brokers, M&A advisors, investment bankers, accountants, attorneys, and lenders who work with privately owned companies. We respond promptly, give straightforward feedback, and make our own decisions.

Send us an opportunity