Codiligent business brokers has done significant research to determine which PEGs are willing to invest in small companies (defined as less than $20 million in revenue), and their acquisition criteria. As a result Codiligent business brokers has about 300 PEGs in its database that will consider small companies. However, the majority of these PEGs have as one of their minimum acquisition criteria at least $1 million in annual Earnings Before Interest Taxes Depreciation and Amortization (EBITDA), so if your business has less than $1 million in EBITDA there will likely be very few PEGs who will be interested in an acquisition.
The following link provides profiles of some of Codiligent's featured buyers' acquisition criteria, which includes some PEGs and will provide a better idea of what types of businesses they are looking for: Codiligent's featured business buyers.
If you have questions about what type of buyers may be interested in your business please give Codiligent business brokers a call to discuss your business at 888-324-5888.