Type: Value added manufacturing companies Company Size:

• Annual sales from $20 to $75 million
• EBITDA margin > 15%

Ownership: Tailwind acquires majority ownership Company Characteristics:

• Experienced, capable management team
• Preference for non-union
• Location preference is North America

Industries of Particular Interest: (SIC Prefixes 30, 34, 35, 36, 37, 38)

• Metal cutting and machining
• Aircraft components
• Fabricated metal products

Avoided Situations: Tailwind will not consider:

• Start-ups
• Bankruptcy/Turnarounds
• Investments that will not lead to majority ownership