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Investment Criteria

Investing in talent

Targets

Service Models
  • Advisory & Consulting
  • Project & Program Management
  • Workforce Solutions
  • Human Capital Management
Verticals
  • Technology & Tech-Enabled Services
  • Infrastructure & Technical Services
  • Corporate & Professional Services

Attributes

Operational
  • U.S. domiciled
  • Market leadership or domain expertise
  • Talent-constrained industry
  • Recurring or re-occurring demand
  • Long duration engagements
Financial
  • GDP-plus growth potential
  • Path to 25%+ gross margins
  • Path to 10%+ EBITDA margins
  • Low capex requirements

Transactions

Control Investments
  • Founder / owner-operator led
  • De-novo / executive-led
  • Special opportunities & carve-outs
  • Sponsor-to-sponsor

Target Equity
Investment

$15 to $50+ million
(larger with co-investment)

Target
Company Size

Revenue: $10 to $125+ million
EBITDA: $3 to $12+ million
No minimum for add-ons

These criteria represent investment preferences only. Civaris maintains full discretion to vary any parameters on a case-by-case basis and does not guarantee that any or all of its investments will meet these criteria.