Investment Criteria
For acquisitions we seek businesses with pre-tax earnings of $5 million or more. We seek strong management teams to partner with. We look for long-term contracts with customers and suppliers that are credit-worthy. In addition, for projects we target business models that can be repeated, or rolled out, ten, twenty times or more.
Nautilus will invest in businesses that combine waste conversion with energy or product generation at lower cost, faster throughput, higher recycling efficiency, lower emissions or disposal levels than competing approaches.
Nautilus is focused on identifying, executing and leading direct private equity investments in established businesses that can satisfy a majority of the following criteria:
| Revenues: | $0 - $500 million |
| Equity Investment: | $1 - $100 million per transaction |
| Management: | The Nautilus team of operating executives can augment existing management where necessary. We prefer that management have a significant equity interest post-closing; and prefer direct dialogue with senior management rather than with third party. |
| Targeted Sectors: | Energy and Waste Management: municipal solid waste, electronic waste, chemical and industrial waste, medical waste and biomass waste. Environmental Services: environmental construction, project management, consulting, remediation, training, education, testing, laboratory, and transportation. |
| Desired Business Variables: | Companies with established products/services Stand-alone, high-growth platforms; corporate carveouts; corporate orphans; organic or acquisition buildups Potential for highly profitable internal growth Strong return on capital Opportunity for significant market share capture Already commercialized technology |
| Profitability: | Businesses with solid fundamentals are strongly preferred. Operating profit margins exceeding 10% (ideally 15-20% within 1-2 years). Certain distressed situations will be considered. |
| Transaction Types: | Majority or minority Acquisition or project financing Rollouts |
