"BUY & BUILD" IS OUR PREFERRED STRATEGY

• Our Focus Is "Fragmented" Businesses

• We Originate, Lead, Manage All Investments

• We Buy Platform Investments to Build On

• We Only Invest in Businesses We Know  

• We Leverage Our M&A Integration Expertise

• Our Strategic Imperative:  Top Line Growth 

MITIGATING AND MANAGING TYPES OF RISK

• Identify Buyers Before Making Investment

• Provide Investors 100 Day Plan Before Making Their Investment Decision

• Actively Manage The First 100 Days

• Our Financial Leverage Ratio Normally < 3:1

• Our Key Strength:  Acquisition Integration 

Our "Buy and Build Deal-By-Deal Strategy" Provides Higher Risk Adjusted Returns 

• Our investments in "fragmented" industries offer faster growth opportunities

• Our relationships help us avoid competitive auctions   

• We leverage cultural integration knowledge and operating infrastructure

• Our bolt-on acquisitions offer product and geographic diversification

• We are process driven--"You are what you measure"

• Our exit options are identified before we propose an investment 

•  We plan for shorter investment periods with higher IRRs