2010
Year Founded
We do not believe in private equity – we believe in permanent equity. We do not have GPs and LPs. We simply partner with key management to own businesses together for the long term.
2
Key Offices
Our offices span the country. We know business is local. We let our local teams work together to find solutions that fit to preserve our corporate culture and value but with local appeal and intelligence.
5
Transaction Team
Our portfolio ops teams are the core of our competitive advantage. The greatest outcomes come from great teams. Our people are our most valuable asset. They are skilled problem solvers that believe challenges can be opportunities.
2100
Portfolio Teams
We know what we know and what we don’t. We think we are good listeners. We have been consistently successful by employing a risk management approach over a returns approach.
Investment Criteria
$50-3,000m
Size
Revenue of $50M to $3,000M+
Growth and Consistency
$4m- 200m
EBITDA
EBITDA of $4M to $200M+
CapEx and Surety
Flexible
Investment Horizon
No plans to sell a business
10-20 year time horizon
Ownership Positions
Majority Ownership
Majority, Typically 100%
Founders, Private & Public
Target
Infrastructure
Heavy
Civil
Water
Infrastructure
Transit
Transportation
Critical
Electrical
Operations
Maintenance
Support
Services
PERMANENT EQUITY NOT PRIVATE EQUITY
EXPERIENCE
- Two decades with a consistent strategy
- Currently own and operate growing infrastructure platform
- We know the space: maintain significant bonding
- We care about people: we invest in people
VALUE CREATION
- Proven record of working increasing long term value
- We have relationships that can open doors quickly
- We work to create great companies
- We work to create respectful, high character premium companies
STEWARDSHIP
- Commitment to improving company mission
- Conservative capital structures – no financial engineering
- Local – we live and work in the region as our companies
- Long term – enjoying the experience and building trust
LONG-TERM PERSPECTIVE
- We believe in partnering with management for success
- We are not private equity – we are permanent equity
- We believe that “slow and steady” will certainly win the race
- We believe reputation is everything