Dobbs Management Service

DMS’s objective is to acquire controlling interests in active businesses providing adequate returns with the potential for long-term ownership and growth. Dobbs typically seeks companies with the following general parameters: ▪ $10MM to $20MM of current or potential EBITDA ▪ $20MM to $75MM targeted initial equity investment (significantly more in select situations) ▪ $75MM to $125MM total investment with the ability to expand to achieve maximum shareholder value We have a willingness to invest considerably more with the right opportunities and have pursued those in the past. In particular, longer-term opportunities with the ability to grow through organic or acquisition-driven growth are appealing to us and consistent with our history. While Dobbs is flexible, there are a few areas of primary experience and focus: ▪ Industrial businesses in distribution or light manufacturing ▪ Business-to-business (e.g., industrial services, maintenance related, general business services) ▪ Select healthcare services ▪ Miscellaneous cash flow oriented businesses (e.g., convenience stores, dealerships, etc.) We have traditionally avoided the following areas: early stage technology, medical and biotechnology, retail related businesses, trend-driven fashion products and real estate.