Transaction Types:

• UNEXPLOITED GROWTH – situations that can benefit from the infusion of substantial equity capital which funds aggressive growth involving both internal expansion and acquisitions.

• UNDER-PERFORMING COMPANIES – situations that require substantial change due to poor operating performance, excess leverage or failed strategies.

• COMPLICATED TRANSACTIONS – situations involving one or more of the following: strategic issues, legal complications,  capital problems, operating issues, shareholder/debtholder issues.

• OPERATING MANAGEMENT:
  -TCR is willing to consider transactions in which management succession is unclear and in situations which  lack operating management.
  -TCR works very closely with management to develop the strategic and growth plans.

Transaction Size:

• TCR targets situations involving transaction values up to $200 million.

• TCR is willing to be an "all-cash buyer" in transactions valued up to $100 million.

• TCR will consider companies which have the potential of generating at least $15 million of operating income.

Investment Parameters:

• TCR looks to invest a minimum of $20 million in each situation.

• TCR’s investment must result in a controlling interest in the acquired company.

Target Industries:

TCR seeks investments in established businesses operating in basic industries with a long-term defensible position. Business should have an established revenue base and solid relationships with customers. Investments are made in the following industry sectors:

TCR does not invest in high technology, natural resources, or regulated industries.