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Acquisition Criteria
Mission Critical Service
We acquire businesses that provide a highly mission critical service offering. Your customers depend on the service you provide day-to-day and rely on you for critical business operations.
Strong leadership teams are the foundation of our decentralized model. We partner with individuals who are energized and passionate about their business, are exceptional leaders, and have a growth mindset.
Strong Leadership Team
ARR North of $3M
Ideally, we look to acquire businesses that are north of $3M in annual recurring revenues, though we can be flexible for the right business and team.
EBITDA Positive
As buy-and-hold investors, we prefer to see positive cash flows at acquisition, though we also evaluate businesses who can show a reasonable path to profitability within 12-18 months post-closing.
Gross Retention >90%
Gross dollar recurring revenue retention is our north star when understanding the true mission criticality and stickiness of a service provider. We look for gross retention to be greater than 90% over the last three years.
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