Investment Criteria & Structure


Market Focus:

Typically lower middle-market companies with $2 – $20 million in revenue and $1 million – $10 million in EBITDA.

Transaction Type:
Opportunities to obtain majority-control positions in which we believe we can add meaningful value through operational enhancements.  We look for the optimal capital structure while using the right amount of leverage.

See Industry Focus

Proven profitability with future expectations of positive, stable cash flow is preferred, but not required

Primarily Midwest; will consider opportunities throughout United 


PJM Advisors targets companies with strong management teams and attractive growth opportunities. The firm can participate as an investor in a lead or co-investor role to provide mezzanine and equity capital to facilitate a variety of corporate finance needs as well as in other flexible capital needs. The following transaction structures are of interest to our firm:

  • Growth and Expansion capital
  • Acquisitions
  • Management Buyouts
  • Leverage Buyouts
  • Recapitalizations

PJM typically invests $500,000 to $2 million in a transaction. However, we are capable of co-investing in significantly larger transactions through our existing network in both the mezzanine and private equity communities.

As a result of its flexibility, the PJM team has extensive experience providing capital in multiple forms, including:

  • Subordinated Debt​
  • Preferred Stock
  • Common Stock