The buy-box.

Hard floor. Below this, the business cannot support reinvestment in equipment, people, and systems while servicing acquisition financing. No exceptions.

$3M is the typical floor, but revenue is EBITDA-led. A smaller business with strong margins and $750k+ EBITDA can absolutely fit. We care about earnings power, not size for its own sake.

Where we can operate directly and assemble the right local network of operators, attorneys, and capital partners. Firm boundary.

Non-emergency medical transportation. Healthcare services. Residential and commercial services with a commercial weighting. Multi-unit independent restaurants (5+ locations). Managed service providers (MSPs) with recurring revenue and a substantial customer base.

Strong preference for businesses where a general manager, president, or operating leader is already running day-to-day. We back that operator and free up capital for the founder's exit, we don't replace them with ourselves.

Long enough that operating decisions, retention, equipment, systems, customer experience, actually compound before any exit pressure intrudes.

We engage where the seller wants a thoughtful steward, including retirement, partial exits, owner-operator transitions, and where operational discipline is the cure: distressed sales, turnarounds, and asset-only transactions.