"If everything you do needs to work on a three-year time horizon, then you're competing against a lot of people. But if you're willing to invest on a seven-year time horizon, you're now competing against a fraction of those people, because very few companies are willing to do that. Just by lengthening the time horizon, you can engage in endeavors that you could never otherwise pursue."
- Jeff Bezos
There is a highly capable and passionate leader who comes with the idea or the business.
We look for businesses in a range of verticals including, but not limited to, industrials, healthcare, financial services, business services, technology, and infrastructure.
Enterprise Value: $100 million to $1+ billion
EBITDA: $20-150 million
The business has a defensible niche within an industry. Our experience is that clear focus is an important asset.
The core product or service adds significant value to the customers. Commodity businesses competing purely on price are less attractive for us.
We are sophisticated in financial analysis and structuring. This allows us to differentiate ourselves in certain complex situations.
Our Family capital is long-dated and we do not look to flip assets. Ideal situations present an opportunity for patient, long-term capital to be redeployed and used to grow the existing business as opposed to preparing for a sale every few years. We believe this model lets great management teams do what they do best – grow their business.
On top of supporting best in class management teams, TPO has experience in partnering with like-minded investors. Throughout its history, there are several instances where TPO has had success in partnering with other families and long-term holders.