Investment Criteria

Business Characteristics

Founder or entrepreneur-owned companies (First institutional capital) where the business owner appreciates a partner who will bring ideas and resources while being respectful of the legacy and culture they’ve built.

Revenue

Over $20 million

EBITDA

$5 million - $15 million

Geographic preference:

North American-based

Market:

Large and growing

Transaction types:

Private companies undergoing an ownership transition, recapitalization or requiring growth capital

Solid growth opportunity: >10% CAGR
Diversified customer base with recurring revenues
Superior value proposition

Industry Sectors

Value-add distributors
Niche manufacturers
Service businesses

Investment Types

Recapitalizations
Control buy-outs

Success Factors

Opportunity for outsized growth
Proven management
Large end markets, fragmented landscape
Niche market leaders with sustainable competitive advantage
Scalable business platform
Strategic acquisition opportunities

As an investment banker, I have worked with hundreds of potential buyers in serving clients, typically founders, who are seeking a specific outcome to our process. Provariant is the type of firm that is flexible and adjusts their approach to the particular situation, not one that forces business owners into a mold. They understand how to get a deal done, are fair in how they approach it, and value cultural fit post-close. I enjoyed and respected working with the Provariant team on their recent partnership with my client, so much so that I personally invested in the business going forward.

Josh Curtis

Footprint Capital