Rand Brothers applies the following investment criteria to it's review:

• Low to medium technology manufacturing, distribution or service business
• Strong management in place
• Proven historical earnings record and consistent, predictable cash flow
• Restarted or adjusted cash flow margin greater than 10%
• Strong competitive position within a mature, stable industry
• Products or services with proven market acceptance
• Revenues between $5 and $15 million
• Located in IA, IL, IN, MI, MN, or WI
• Criteria for portfolio company add-on acquisitions are generally more broad