Investment Criteria

Meridian maintains a focused investment strategy following a specific set of criteria as follows

Company Profile

• Acquire and operate lower middle market companies with revenues between $20 and $200 million.
• Profitable companies with stable cash flows (EBITDA minimum of $3M)
(exception: bolt-on acquisitions)
• Recurring revenues – Stable/longstanding customer relationships
• Potential for growth – Underperforming asset with operational challenges
• Company/product is mission-critical to its clients
• Targets in a fragmented industry, which has the potential for consolidation through bolt-on acquisitions
• Strong management

Transaction Types

• Buy-outs – sponsored and non-sponsored transactions including acquisitions and shareholder liquidity
• Corporate Divestitures – we have successful experience and executive talent available for carve-outs of non-core assets from Fortune 500 companies
• Meridian has the ability to consider control transactions independently or co-investing with other financial sponsors

Geography

• Across the U.S.