For opportunities that meet our investment criteria, we are most interested in companies that can be broadly defined as low-tech manufacturing or industrial service in nature. There are many industries that we will consider as well as several that we generally avoid.

Manufacturing
Sample Industries of Interest     Defense and aerospace products   Branded specialty machinery with large installed base   Packaging materials and related products   Electrical components and assemblies   Business-to-business branded products   Niche, proprietary industrial products
Industrial Services
Sample Industries of Interest     Aviation support services - civil and military   Maintenance, Repair, and Operations (MRO) services   Niche/specialty distribution   Niche Packaging and contract packaging   Engineering services   Destructive and non-destructive inspection   Domestic and international logistics
Industries Cornerstone Avoids
Business Consulting   Early stage venture deals   Restaurants/hospitality   Construction   High-tech companies   Biotech   Real estate   Retail