Investment Criteria

We seek to invest in small to mid-sized companies with proven and profitable operations. The following profile outlines the characteristics of investment opportunities we seek:

Annual revenue of $5 million to $15 million
History of positive cash flow (companies that are currently cash-flow neutral or experiencing temporary losses may be considered)
Unique products or processes that have not been fully exploited
Strong market position in a focused niche with significant growth potential
Revenue growth opportunities through new customer relationships, new distribution channels, expansion into new markets, and/or industry consolidation
Strong functional management with in-depth domain knowledge
Geographically located in New England or New York state

We target investments in companies that manufacture and sell engineered products in the following industry sectors:

Industrial and laboratory automation and controls
Sensors and instrumentation
Engineered materials and components
Industrial capital equipment
Imaging technologies (including life sciences, machine vision, and printing applications)

We focus on small to mid-sized companies, targeting:

Closely-held private companies undergoing ownership transition (including companies that have faced operational or managerial impairment)
Corporate divestiture of non-core business units
Companies where the founders seek active partners to help them grow to the next level

We require controlling interest. We only invest when we are confident in our ability to partner with management and to grow revenues and profitability. We have a preference for quality management teams which will remain but can bring in senior management when necessary. Our investment decisions are driven by the following factors:

Market analysis to determine whether the company can achieve market leadership and significant differentiation in a focused niche that provides near term and long term growth opportunities
Conservative assessment of total cash needs to achieve the company’s objectives
Financial and market analysis to identify potential exits that could generate premium returns for investors and management

Main Navigation