Investment Criteria

Opportunities
     

Financial Attributes

EBITDA of $2.5 million - $20 million
EBITDA margins at least 15%
Three or more years of profitable operations and positive cash flows
Demonstrated earnings growth 

Characteristics

Strong potential for organic growth and/or industry consolidation
Significant component of recurring revenue preferred
Diverse customer base with high retention rates
Clear customer value proposition
Unique and distinct competitive advantage

Management

Owner seeking liquidity and ownership transition
Owners willing to participate during transition period
Experienced and driven middle management team to remain with the company
Solid employee relations, with industry appropriate retention rates

Industry Characteristics

Large, fragmented and growing

Target Industries

BOE focuses on industries which service or partner with the infrastructure, essential service, healthcare sectors. These include, but are not limited to:

- Utility services and retail marketers
- Green energy and traditional energy services
- Government and Defence related services
- Communication infrastructure services
- Medical, hospital and emergency services
- Specialized healthcare services
- Logistics services
- Road services
- Rail services
- Airport concessionaires and service providers
- Ports and waterway services
- Waste management services
Note: BOE does not invest in: Turnarounds, bankruptcies or start-ups

BOE’s Role

Controlling position investment
Assume active, day-to-day operational role
Active board participation

Geography

United States