INVESTMENT CRITERIA

INDUSTRIES OF INTEREST

Industrial Manufacturing Services
Medical Devices
Healthcare
Transportation
Logistics
Financial Services  Other Non-Commodity Markets

COMPANY CHARACTERISTICS

Skilled Management Team

Strong Market Position

Sustainable Competitive Advantages

Multiple Avenues to Create Value and Growth

Favorable Industry Trends

FINANCIAL ATTRIBUTES

EBITDA of $5 - $40 million

Gross margin > 25%

Low capital expenditure requirements

History of positive cash flow

ROIC > 15%

GEOGRAPHIC FOCUS

North America

Europe

Japan