We consider each of our investments to be a partnership. And our goal is to be a reliable partner to entrepreneurs and business owners seeking to grow their companies. Some characteristics of our investment approach are:

• We Invest in PeopleWe devote a significant amount of time becoming closely acquainted with management prior to making an investment. We learn about their skills and goals, as well as how they think.

• We Evaluate OurselvesWhen evaluating an investment opportunity, not only do we evaluate whether we like the business, but we also ask ourselves whether we are the right partner to help a company realize its potential.

• We Are Open to Innovative StructuresIn an effort to create a strong foundation for each transaction, we are open to a wide range of investment structures, including minority ownership. Our work is oriented towards forming partnerships that will work for the long term.

• We Reward ManagementOur goal is to foster a sense of partnership with a company's management team. One way that we achieve this is by providing management a significant stake in the upside.

• We Think Long TermBuilding a solid business takes time, so we are patient. We often hold companies for more than five years.

• We Embrace the ComplexWe often see opportunity in complex transactions from which others shy away, including corporate divestitures.

• We Have Deep Industry ExpertiseWe invest across a wide range of industries in which our partners have an intimate understanding.

After an acquisition, we maintain active involvement on the board level. We are not day-to-day managers. We provide entrepreneurs and executives the advice and resources they need to achieve sustained growth and realize the full potential of their business.