We typically seek companies with these characteristics

· Located in the US with a preference for the Northeast

· Revenues of $10-150 mm

· Cash flow of $1-10 mm

· High variable contribution margins

· Solid returns on invested capital

· Ability to grow at above market rates without additional equity capital

· Multiple avenues of profitable growth

· Limited cyclical exposure

· Low capital intensity

· Industries of particular interest include: Business and financial services, niche manufacturing, value-added distribution, healthcare (with low reimbursement risk), and consumer products and services (with low fad risk)