INVESTMENT CRITERIA

The Fund generally seeks to invest in middle-market manufacturing, distribution, and business service companies in partnership with proven management.  While we will be opportunistic, target companies will generally be consistent with the following:

Size:

Revenues between $15 million and $150 million
EBITDA in excess of $2.5 million
   

Stage:

Established companies with a history of profitability
   
Geography: No restriction – focus on greater Midwestern U.S.
   
Investment Size: Up to approximately $14 million from the Fund.  Considerably larger with partner co-investment
   
Control: Majority control or minority investment structures
   
Not Considered: Financial institutions, real estate, retail, start-ups