Investment Approach
At Snipe Island, we are looking to buy a single company to grow over a long term horizon. The ideal company would fit these criteria:
Healthy and Stable
We’re looking for a healthy and profitable business, offering a stable platform for continued growth.
Pre-tax operating profits between $1-5 million
Annual revenues between $4-35M
History of profitability for more than three years
High degree of recurring revenue
High competitive barriers
Low customer concentration - no customer accounts for more than 20% of revenue
The Right Management At The Right Time
We are excited to speak with owners who are considering a transition, retirement, or who are looking to reduce their day-to-day operational involvement.
Owner looking to sell a majority of private ownership, ideally above 70%
A strong middle management team interested in continuing on
Business Types
I am interested in vertical SaaS companies, business-to-business services, government services, technology, and healthcare services.
Some of my vertical interests include:
Businesses and technology supporting private practice management
Businesses and technology supporting local governments
Businesses and technology supporting maintenance of critical infrastructure (EV charging systems, water and power, fire suppression)