2. Nobska Partners' business model is focused on acquiring established and profitable small to middle market companies in the Northeast. We invest in business services, marketing services and health services companies. We expect to partner with management post-investment to manage the day-to-day operations of the business.

      Nobska Partners seeks acquisition candidates that satisfy most of the following criteria:

      Company-Specific Criteria

      • Three or more years of profitable operations
      • Significant recurring revenue streams from a diverse customer base
      • Outstanding reputation with customers
      • Market leadership and strong potential for organic growth and/or industry consolidation
      • Defensible market position and/or competitive advantage

      Financial Criteria

      • Revenues up to $25 million
      • Stable and predictable cash flows of $0.5 million to $5 million
      • Low capital expenditure requirements

      Target Markets Criteria

      • Business services, marketing services and health services
      • Relatively mature but growing industries
      • Significant barriers to entry
      • Products providing significant value to customers

      Management Team Criteria

      • Motivated sellers, including retiring owners, family businesses and corporations seeking to divest non-core assets
      • Owners willing to participate during transition period
      • Experienced and highly motivated middle management planning to remain with the company

      Geography

      • Generally we focus on companies based in the Northeast; however, we will consider situations outside of the Northeast