Split Rock is actively targeting an East-Coast based company that has many of the following characteristics:
Financial
$1-3M annual cash flow
History of revenue stability and profitability
Recurring / re-occurring revenue streams
Low capital intensity
Business
Provider of essential products or services
Sustainable competitive advantage
Serving large and growing end markets
Diversified customer base
Committed middle-management in place
Owner Situation
Looking to retire or transition away from business full-time
Desires meaningful liquidity / de-risking
Willing to assist with transition
Seeking a non-institutional buyer to carry on their legacy