Strategy

Radien Legacy Partners is looking for a great, small business with some of the criteria outlined below. Of course, every business is different, and very few businesses display all of these traits, but they are helpful in guiding our search.

Target Industries

Radien is searching for service-based businesses in growing industries with sustainable, defensible market positions. Industry examples include:

Business process automation (BPA) & Business process outsourcing (BPO)
Education & training services and related SaaS
FinTech and tech-enabled services
Healthcare IT services, including monitoring, practice management

Financial Requirements

Radien focuses on lower, middle-market businesses with recurring revenue models and low capital intensity. Financial criteria include:

Annual revenue $5 to $30 million
EBITDA $1.5 to $5 million
EBITDA margin >15%
Consistent profitability 3+ year history

Business Attributes

Radien's investment thesis emphasizes the following business attributes for the operating team to build upon:

Strong historical revenue growth
Low to medium capital intensity
Well-positioned in growing and fragmented industry
Recurring revenue streams from diverse customer base

Management Profile

Radien's managing directors will take a direct operational role in the acquired company. Ideally, we are looking for the following management profile:

Owner seeking liquidity and/or exit
Owner willing to step away from daily management
Experienced middle management planning to remain
Solid employee relations with high retention rates