Why Herleven?
Dutch: Herleven her-leven
English: Revive
We chose a dutch word that means revive in English as a nod to my grandparents for taking the calculated risk to move to another country for the betterment of themselves and the future in 1952.
Why now?
We have advised or led 20+ turnarounds in the middle market space in the past decade. Industries range from manufacturing to distribution to technology and sizes range from $5.0 million to $200 million in revenue.
We believe it is vital to use these skills so companies approaching a mature stage of life can continue with greater purpose.
Investment Criteria
Business
- Business to business
- Technology, manufacturing, or distribution
- Strong middle management
- Private and concentrated ownership
- High operating leverage
- Low customer concentration
Financial
- Revenue minimum $10.0 million
- EBITDA / SDE minimum $1.0 million
- Low revenue cyclicality
- Low evergreen capital expenditures
- Historical profitability
Industry
- High organic growth potential
- Large fragmented market
- Low risk of adverse regulatory changes
- Non-commoditized product or service offering
- High competitive barriers
Geography
- Midwest region
- Southern region