Union Capital has core competencies in investing in lower middle-market businesses as well as certain industries and situations. We utilize these competencies in pursuing three investment strategies.

Lower-Middle Market Leveraged Buyouts
• $3-$10 million of EBITDA
• Experienced management
• Near term growth drivers including capacity expansion and tuck-in acquisitions

Minority Investments in Private and Public Companies
• $4 million or more of Adjusted EBITDA
• Ability to allow selling shareholders to take some money off of the table or provide capital for
  growth
• We require negative covenants for major corporate decisions
• Investments may take the form of common equity, preferred equity, debt and warrants, or any combination.

Companies in Transition
• Companies with earnings that have experienced a significant earnings decline
• History of achieving $4-$8 million in EBITDA
• Financial or operational difficulties including erratic earnings
• Overleveraged balance sheet
• Contrarian situations

Industry Focus
• Food products and services
• Marketing services
• Business services
• Printing and printing-related services
• Private label or contract manufacturing