Size
$500K–$1.5M
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
Manufacturing first.
We also look at commercial cleaning, restoration, and marine businesses.
Geography
Close to home.
Generally within about a five-hour drive of the Twin Cities and Lake Minnetonka. That’s where I live, and I want to be able to be there in person.
Management
A team in place.
A general manager or management team needs to be in place. I 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
- Food
- Cannabis
- Firearms
- Heavy environmental risk
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.