Investment Focus

Business Services

We invest in companies that have the capacity to grow quickly into sustainable and differentiated platforms of excellence.

GFL is a diversified environmental services company with a leading market presence in its core markets across three distinct lines of business: solid waste, liquid waste and soil treatment.

INVESTMENT THESIS

Create a national environmental services business through organic growth initiatives and disciplined, integrated acquisitions of independent waste management services entities.

Navantis is a provider of software development and technology solutions to business enterprises.

INVESTMENT THESIS

To develop a full-service software solutions provider that operates nationally with a diversified revenue stream.

Ice Mobility is an authorized distributor of wireless devices for Verizon Communications.

INVESTMENT THESIS

Ice represents a unique opportunity to fill a quantifiable void in the US wireless distribution market left by the exit of a multi-billion dollar incumbent.

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Leading provider of pressure sensitive prescription drug labels to the growing North American retail pharmacy market with largest market share.  

INVESTMENT THESIS

Attractively priced carve out of manufacturing assets and intellectual property from distressed parent with significant long-term customer relationships at retail pharmacy industry leaders and leading printing technology capabilities with strong history of product innovation.  

EXIT

Sold to strategic acquirer in 2006.  

RCL is the leading independent provider of signal construction and material integration services to the Class I and regional railroads in the United States.

INVESTMENT THESIS

Invest in a unique, differentiated business model during an especially robust growth phase in the industry, the implementation of the Congressionally mandated Positive Train Control program.