What we look for

EBITDA

$1M to $8M

The heart of the lower middle market: too small for institutional funds, too complex for an individual buyer. Capable of investing in larger companies by involving our network of co-investors.

Stake

Majority, minority in selected situations

We prefer control positions where existing management or ownership teams retain a meaningful share of the equity, but remain flexible to the unique elements of each transaction.

Sectors

Industrial services and manufacturing

Industrial businesses with exposure to essential end markets and applications.

Geography

Focused on Quebec, with the ability to invest across North America

Cash conversion

Strong and sustainable conversion of EBITDA into cash flow

Consolidation

Fragmented market

Ability to accelerate growth and drive synergies through completing follow-on acquisitions.

Management

Continuity and growth

Able to adapt to the needs of each business, whether that be an owner staying through transition, promotion of an internal successor, or bringing one of our own operating executives to support the team.