Investment Guidelines

Our Focus

It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

- Warren Buffett

We are operationally-oriented, long-term investors with significant turnaround experience. Our ideal target company is a highly-engineered machinery manufacturer with a large installed base of branded equipment.

Guidelines

EBITDA < $5 million
Strong brand equity
Highly engineered product
Large installed base of machines
Significant intellectual capital

Brand Equity

While we calculate the enterprise value of a business using common financial measures, we also place great value on strong, mature brands.