| Business Characteristics | Management team interested in ownership, high quality product or service offering, opportunities for growth, long-standing and diverse customer relationships, and strong position within an industry. |
| Management and Ownership Situation | Zabel prefers to invest in transactions where there is management team continuity. However, in certain situations, we can accommodate management transitions within reasonable timeframes. |
| Size | EBITDA or cash flow greater than $2.0 million and less than $12.0 million. |
| Geography | United States and Canada. |
| Buy-side / Finders Fees | We welcome introductions to great businesses from buy-side intermediaries, and we will pay related fees for completed transactions. |