Marwit’s investment focus is on smaller, middle market businesses regionally located in California and the Western U.S. We seek businesses that are leaders in sizable niche markets, have revenues of $20 to $100 million, and have operating profits of at least $3 million. We partner with experienced and committed Operating Managers in each transaction, buyouts or growth, and focus on value creation from Day 1 against a written Operating Plan.

Types of Transactions
• Management Buyouts
• Traditional LBOs, in partnership with seasoned Operating Managers
• Corporate Divestitures
• Recapitalizations
• Growth and Expansion investments, including acquisitions

Investment Preferences
• Investments of $8 to $30+ million
• Control and non-control investments
• Mix of debt and equity securities to balance current income and capital gains
• Generally will invest as sole or lead investor

Company Characteristics
• Revenues of $20 to $100 million
• Multi-year history of profitability and at least $3 million+ of Operating Profit
• Enterprise Values generally between $15 and $75 million
• Entrepreneurial management with significant equity ownership following closing
• Sustainable competitive position with defensible margins in growing markets with limited cyclicality
• Strong historical operating margins with improvement potential
• Limited customer concentration
• Minimal risk of technological change
• Strong organic growth potential, and readily identifiable consolidation potential
• Identifiable value creation and realization possibilities

Geographic Focus
• California and the Western U.S.
• Add on acquisitions may be located throughout the U.S.

Industry Preferences
• Basic Manufacturing businesses that are “little leaders” in their markets
• Infrastucture – Products and Services
• Outsourced Business Services
• Branded Consumer Products and Services
• Healthcare Services
• Food, Food Services, Established Branded Restaurants
• Established Branded Franchise Concepts