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Tricor typically looks for the following criteria when evaluating an investment:
Investment Size:
- Tricor targets businesses with enterprise value between $25 million and $250 million.
- Tricor can invest up to $1.0 billion with co-investments from our Limited Partners.
- Add-on acquisitions do not have a minimum value.
Types of Business:
- Companies in the manufacturing, service, distribution and consumer product sectors.
- Businesses we understand and that are not exposed to rapid change or technological obsolescence.
- History of strong, sustainable cash flow or clear path to achieve this.
- Prefer companies with significant market share of a well-defined market or niche with potential for long-term growth and value enhancement.
- Companies in Canada that have growth opportunities in the U.S. or U.S. companies that have growth opportunities in Canada.
Partnership with Management:
- Tricor looks for highly motivated, capable and ethical management teams with whom we can partner and whose entrepreneurial spirit would be enhanced through significant equity ownership.
- Tricor can work with existing management to improve the depth and breadth of the team as necessary.
Investment Types:
- Tricor pursues acquisitions of public or private companies, management-led buyouts, recapitalizations and sales of subsidiaries of larger companies.
- Tricor will consider joint ventures with corporate partners and can facilitate succession planning of closely held businesses.
Non-Qualified Investments:
- Tricor does not invest in start-ups, new technologies, turnarounds or companies active in real estate development, gaming, restaurant or primary resource sectors.
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