Cornerstone Capital Holdings | Investment Criteria

Cornerstone is focused on identifying attractive investment opportunities in niche manufacturing, distribution and service businesses that offer both operating stability and significant growth potential.

Primary Investment Criteria
Ownership	Privately-held companies or divisions of larger private or public companies
Revenues	Annual revenues ranging from $5 million to $30 million
Profitability	Adjusted operating profit ranging from $1 million to $5 million and EBIT margins of at least 10%
Capital Requirements	Prefer non-seasonal companies without excessive working capital needs relative to sales, as well as low-to-moderate annual capital expenditure requirements
Management	Partner with experienced managers who will oversee day-to-day operations
Industry	Mature, non-cyclical - preferably fragmented with few dominant market leaders
Customer Concentration	Generally prefer companies where top customer does not account for more than 30% of revenues
Growth Potential	Business should have excess capacity for internal growth, be scalable to facilitate growth and/or add-on acquisitions

If unsure as to whether an opportunity will fit our criteria, please contact us so that we may discuss the situation specifically.