A Diversified Holding Company
with a Long-Term Investment Horizon
INVESTMENT APPROACH
Covey Equity seeks to invest in niche businesses at the lower end of the middle market. The following characteristics are strongly preferred for Covey to pursue a platform investment:
- Stable history of positive free cash flow
- Leading provider of products or services to a well-defined market
- Established management team
- Definable competitive advantage
- Cultural alignment with Covey
DISCIPLINED
Private capital partner focused on investing in niche businesses at the lower end of the middle market.
LONG-TERM
Permanent holding company structure gives Covey the ability to hold investments indefinitely and allows each portfolio company to thrive without the unnecessary pressure of a defined exit timeline.
INTEGRITY
We operate with honesty and transparency in how we treat employees, customers, vendors, and partners.
STABLE
Private capital partner focused on investing in niche businesses at the lower end of the middle market.
INVESTMENT CRITERIA
Investment Criteria for Platform Investment
SIZE
Up to $50 million Enterprise Value
CHARACTERISTICS
$3 – $8 million in EBITDA / Greater than 10% EBITDA Margins
BUSINESS TYPE
Manufacturing / Distribution / Business-to-Business Services
GEOGRAPHY
Southeast Preferred / Midwest Considered
TRANSACTION
Up to $50 million Enterprise Value
Investment Criteria for Add-On Investment
- Strategic fit with existing portfolio company
- Greater than $500k in EBITDA