- $5 million to $100 million of revenue, cash flow positive
- Leading competitive position in an industry or well-defined industry segment.
Industries of specific interest to Mustang include:
- Consumer products
- Value-added distribution
- Leisure and recreation
- Technology and technology-enabled services
- Business and financial services
- Management buyouts – Mustang partners with management to buy a business from its owners.
- Recapitalizations – Mustang provides full or partial liquidity to an owner or group of owners.
- Corporate carve-outs – Mustang partners with management to buy a business from a corporation.
- Growth equity – Mustang provides capital to help business owners execute a growth strategy.