Parameters

 

Parallel’s mission is to generate superior risk-adjusted returns through strong partnerships with management, emphasizing value creation through growth - not financial engineering. As a result, we seek to partner with owner-operators and management teams whose companies are at the critical inflection point in their growth cycle. By focusing on companies with an underlying blueprint for growth, Parallel partners with companies that present the greatest opportunities for long-term value creation.

 

Company Characteristics

 

  • Owner-operated businesses headquartered in North America
  • Revenues of at least $10 million
  • Historical revenue growth rate of at least 10%
  • Current year EBITDA of at least $3 million

 

 

Transaction Types

 

  • Recapitalizations - Providing owner-operators with partial liquidity while enabling them to retain significant ownership and operating control of their business
  • Growth Capital Investments - Minority investments providing capital to fund business expansion, reduce financial leverage, complete an acquisition or pursue other growth initiatives
  • Buyouts - Acquisitions of lower middle-market companies or divisions of larger companies that will benefit from an energized financial partner

 

 

Investment Size and Structure

 

  • Equity investments of $10 - $50 million
  • Total enterprise value range of $25 - $250 million
  • Majority and minority investments
  • Flexible structures and securities to fit the needs of the company and its owners