What we look for in a potential target company generally falls within the following parameters. Of course, we do have the ability to be nimble and flexible when necessary.
Meridian 105 invests in companies between $500,000 and $5 million in EBITDA headquartered in the U.S. or Canada with natural growth characteristics. In select cases, we will consider turnaround situations with compelling fundamentals..
Meridian 105 typically invests in:
Angel-backed firms that do not meet the extreme growth or served market size requirements of venture investors
Mature VC portfolio companies where growth has slowed causing some VC investors to exit in order to return capital to investors
Private company founder / partner looking to retire or cash out
Broken syndicates, corporate spinouts, debtor in possession recapitalization
We tend to look for Niche Leaders in the following industries: Aerospace, Building Products, Business and Industrial Services, Industrial Manufacturing, Clean Tech, Instrumentation & Controls, Alternative Energy Generation and Healthcare.
In practice, we are generalists with a breadth of experience —we want our involvement to create value.