Acquisition Criteria

• High market share in narrowly defined niche industry with a defensible market position

• Strong existing management willing to remain on board for at least three years

• Acquisition opportunity should not have one customer representing over 20% of revenue (including from governments)

• Low to medium need to re-invest in property, plant and equipment

• Strong biased towards purchasing companies with non-union work forces

• We look to purchase 100% of the company

• Biased towards businesses dominated by customers in the developed world

• Prefer manufacturers of non-commodity products

• Strong biased towards companies with corporate headquarters in the US, preferably the Northeast

• We prefer companies involved in markets that have and will continue to experience above average growth

• A business culture of strong values and ethics, customer focused, with fair treatment of employees

Financial Metrics

• Gross Margin: >35%

• EBIT Margin: >15%

• CAGR: >5%

• Revenue range: $5 - $25 Million

• Positive cash flow for past five years