Securities:

Varies by transaction:
- Common Equity
- Preferred equity
- Sub debt
- Structured Credit

Investment Horizon:

- 3 to 15+ years
- Strong bias to own quality assets for extended periods of time ("put it in a museum" mentality)

Financial Profile:

- EBITDA of $3 million to $20 million ($5 to $15 million core)
- Stable Revenues and cash flow
- Return on Invested Capital in excess of 12%
- Willing to invest in unprofitable companies with significant hard assets or a clear path to profitability

Business Characteristics:

- Substantial engineering or development capabilities
- Customized/short order products with high gross margins
- Significant market share or brand recognition
- Fragmented markets/consolidation opportunities
- Aftermarket parts/services revenues
- “Mission Critical” products
- High customer switching costs

Industries of Interest:

Industry agnostic, but interest and experience in:
- ​
Niche Manufacturing
- Life Science Tools
- Industrial Services
- Analytical Instrumentation
- Branded Specialty Distribution
- Aerospace & Defense
- Environmental
- Agriculture
- Power Generation & Services
​- Multi-Site Specialty Retail

bUILDING WORLD CLASS BUSINESSES IN THE LOWER MIDDLE MARKET

iNVESTMENT CRITERIA

Transaction Types

- Public-to-private acquisitions
- Corporate carve outs/divestitures
- Buyout of retiring or passive shareholders
- Family succession planning
- Management buyouts
- Acquisition
capital
​-
Corporate carve-outs/divestitures
- Industry
consolidations
- PIPEs
​- Restructuring

Right Lane is actively looking to expand its portfolio. Please contact us with any opportunities that might be a fit. We believe in quick response times, and are pleased to pay appropriate finders' fees in the event of a successful transaction.

Ownership:

- Control orientation
- Willing to pursue minority investments with negative control covenants
- Preference to be largest shareholder in public company settings

Geographies:

- Focus on United States and Canada
- Willing to invest opportunistically in other regions (particularly Europe and the Caribbean) provided there is a stable political and accounting regime, and English disclosure