|
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, and distribution 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.
Industries of Interest:
- Manufactured Products - Manufacturing, Industrial, Packaging, Consumer Products, Food, Beverages, Defense, Hardware, Materials, Medical Instruments, Pet Food and Supplies, Aerospace, Agriculture, Chemicals
- Service - Business Services, Consumer Services, Facility Services, Payments, Waste Management, Oil and Gas, Transportation, Education/Training, Financial Services, Outsourcing, Leisure, Marketing, Pet Services, Infrastructure, Engineering, Healthcare
- Distribution - Logistics, Utilities, Power
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.
|