Investment Criteria
Investment Focus
We invest in industrial companies (manufacturing, distribution, and industrial services) where technical expertise, service responsiveness, and product reliability matter most. In particular, we are focused on companies with the following profiles:
Engineered products & components
Precision metal machining, fabrication, and machined components
Aftermarket replacement parts, services, and repair (general industrial, medical equipment, and other end markets)
Equipment manufacturers with installed base of recurring sales and replacement cycles
Packaging equipment manufacturers
Test and measurement, inspection, and calibration providers
Commercial and industrial electrical contractors
Light manufacturers in niche markets offering application expertise
Value-added distribution, kitting, & assembly providers with strong niche market presence
Specialty outsourced commercial and industrial facilities and maintenance services
End Markets Of Interest
For companies that fit our investment focus, Koru is particularly interested in businesses with the following end market exposure:
General industrial markets
Food, beverage & pharmaceutical processing
Auto repair & aftermarket
Renewable energy, water, and wastewater systems
Paper, packaging, and printing
Medical and laboratory equipment
Niche markets where performance and reliability matter
Ideal Company Profile
Size: $1.5M–$8M of EBITDA
Geography: U.S.-based, with a preference for businesses located east of the Rockies
Financials: 10%+ cash flow margins (EBITDA – CapEx / Revenue)
Growth: Strong organic potential with clear levers for add-on acquisitions and/or product/service expansion
Transaction Types: Family succession, retiring founder, majority recapitalizations, multi-generation family business planning, management buyout, full sales, corporate carve-outs
Prior investment experience includes the following companies*
SVI International
Manufacturer and distributor of aftermarket parts and engineered components for automotive shop equipment, including automotive lifts, wheel service equipment, and other product categories.
Frame It Easy
Vertically integrated manufacturer and tech-enabled e-commerce provider of custom frames to B2B and B2C customers.
Medical Packaging
Provider of unit dose pharmaceutical packaging and labeling equipment and related consumable packaging materials, software, and maintenance services, serving a global customer base of hospitals, long-term care facilities, and pharmaceutical customers.
Bedford Precision Parts
Value-added distributor and assembler of replacement parts, equipment, and accessories for the spray equipment industry, including spray guns, tips, pump parts, valves, hose, fittings, filters & strainers, rods and repair kits.
Garlock (Operator)
Manufacturer of highly engineered seals (OEM and aftermarket) for pumps, motors, gearboxes, and other rotating equipment applications used in the primary metals, pulp & paper, mining, food & pharma, and energy markets.
Rubber Fab
Value-added distributor and designer of high-performance sanitary gaskets, hoses and fittings for the pharmaceutical, biopharma, and food & beverage processing industries.
Qualiseal Technology
Manufacturer of custom-engineered mechanical seals for demanding OEM and aftermarket applications in the aerospace and industrial markets.
Champion ONE
Value-added distributor and designer of highly engineered optical transceivers and other optical components for network infrastructure.
EMS Management & Consultants
Provider of revenue cycle management services and software to emergency medical services organizations.
Badger Land Carwash & Equipment
Distributor and installer of car wash equipment and service provider of related maintenance, repair, & chemical consumables for installed base.
Roll-Rite
Manufacturer of automated tarping systems, motors, tarps and related aftermarket support and replacement components for waste, agricultural, and construction vehicles.
*Represents investments made by prior firms
