What we look for

WCLI prefers asset-light businesses with strong free cash flow that operate in growing and fragmented, industry segments.  Target businesses will tend to have the following characteristics:

​​Company Size

• $10-$100MM in revenue
  
• $1MM+ EBITDA

Attributes

• Strong operating leverage and free cash flow
• Minimal customer and supplier concentration
• Strong middle management excited about future growth prospects

Situations

• Closely-held and family-owned
• Companies facing succession planning, seeking growth capital, partner buyout, or entrepreneur needs stronger leadership
• Turn-arounds, Distressed, and Workouts
• Corporate divestitures

Segments

• Consumer
• Business services
  
• Healthcare Management Services (e.g. Dental, Dermatology, Cosmetic Surgery)
• Niche manufacturing
• Specialty Contractors
  

We tend to avoid businesses that are capital intensive, have unionized labor, or possess significant regulatory uncertainty.