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OUR INVESTMENT CRITERIA

At Tri River, we seek to invest in one growing, profitable small-market company.

Proven & Growing Company

Typically, the companies we target have:

  • Revenue of $1M to $10M

  • EBITDA of $250k to $2M

  • Enterprise Value of $1M to $5M

  • Stable, recurring (or reoccurring) revenue

  • +15% operating margins

  • Low capex and working capital requirements

Market Leaders

We invest in companies that are, or have the potential to become, market leaders. These companies generally enjoy high barriers to entry, weak competition, few close substitutes, limited supplier power and higher margins than their peers.

  • Location agnostic, but preferably in Southern U.S

  • Industries: B2B and B2C services, franchised models welcomed

  • Diverse customer base with low concentration & high retention

  • Identifiable growth opportunities

Owner Alignment

We seek companies led by strong, visionary owners, yet we also prioritize the resilience of the business that extends beyond any single individual

  • Owner(s) seeking exit for retirement

  • Owner(s) committed to enduring success of company, evidenced by seller financing

  • Smooth and strategic transition plan

  • Talented, loyal team of employees

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