Acquisition Guidelines

"It's far better to buy a wonderful company at a fair price than a fair
company at a wonderful price."
-Warren Buffett

Guidelines

• Revenue up to 25 million

• EBITDA up to 3 million
• Large installed base of capital machines

• Strong brand equity

• Highly engineered product

• Significant intellectual capital

• Strong management

• Need for information system improvement

We are operationally oriented value investors with significant turnaround experience.

Brand Equity

While we calculate the enterprise value of a business using common financial measures, we also place great value on strong, mature brands.