Criteria
We are interested in businesses operating in a variety of industries. Our criteria are intentionally broad-based so as not to limit the variety of opportunities presented to us.
Our primary focus is to invest in established businesses. That’s not to say that we aren’t interested in fast-growing, young businesses, but that we’d like to see profitability established or have a clear understanding of the path to profitability before investing. This makes valuation of the business much simpler (although it’s never that simple of a task).
The following are our core investment criteria:
- Focused on equity investments and equity-like investments but flexible in regard to structuring to fit the circumstances of a specific investment opportunity.
- Open to various ownership structures, including complete buyouts (the purchase of 100% of a business), majority investments with significant participation by the vendor and/or management team, and significant minority investments (20% or greater) in the right circumstances.
- Businesses with a demonstrated track record and well-established market. For smaller opportunities (<$10M of revenues) we like to see a growth trend or the identification of specific growth opportunities that management believes they can successfully pursue.
- Open to all sectors, with the exception of direct real estate and direct resource extraction businesses (but still interested in real estate and resource extraction services businesses).
- Focused on British Columbia, but open to opportunities across Western Canada and the Northwestern U.S.
We intentionally maintain a broad set of criteria because we believe that great management teams and great investment opportunities can be found in many different industry sectors under a variety of investment structures.