NewCastle seeks to invest in established companies in a broad array of basic industries. Preferred company criteria include the following:
- Niche manufacturing and specialty distribution businesses headquartered in the United States
- Prefer continuity of management after the transaction. Management will hold significant equity ownership and the day-to-day control of the business.
- Historical record of growth and profitability
- Annual revenue of $10 to $100 million
- Minimum profit before tax of no less than $2.0 million with pretax margin in excess of 15%
- Strong and defensible market share with sustainable competitive advantage (proven technology, brand name, proprietary concepts or manufacturing processes)
- Diverse and stable customer base
|
|