Our mission at Lake Island Capital is to actively manage and efficiently operate established small companies, leveraging our expertise to create value for owners, partners, employees and shareholders. We are committed to providing a strong value proposition and fostering a climate of trust and mutual benefit. Our focus is on creating value, promoting stability, and driving performance all while maintaining the highest standards of integrity and professionalism.
Our Vision
To establish trustworthy and enduring partnerships with successful owners, their customers and their teams.
Our Philosophy
We believe in building strong relationships with our partners and we work tirelessly to ensure their needs are met. When you choose to work with Lake Island Capital you’re choosing a partner committed to success.
Our Differentiators
Experience and Dedication
We understand the unique challenges and opportunities small companies present and leverage this knowledge to drive growth bringing management and financial experience along with tested leadership skills. We actively engage in running the day-to-day operations and have strong interest in the company’s success.
Long-Term Approach
We are focused on long-term growth and value creation, something we never undermine. Strong companies outlast their founders. We want to preserve and enhance the owner’s legacy and reputation in their community. We believe in transparency and accountability, and work in partnership with sellers to structure transactions that best meet their interests and lifestyle requirements and open to owners remaining involved in operations.
Focus on Employees
We recognize the deep ties that often exist between employees and founders. Existing management has often helped grow companies for decades and is often the company’s most valued asset. Maintaining strong relationships with employees and current management is paramount for continued growth and success.
Our Values
At Lake Island Capital our mission and values are the guiding principles that shape our approach to business. We believe in the power of integrity and transparency in all our efforts. We value efficiency, striving to operate with precision and effectiveness in managing established, small companies. We are committed to performance and place a high value on relationships, fostering a partner-centric approach that prioritizes the needs and goals of those we serve. We believe in the importance of innovation, continually seeking improvements, new opportunities and solutions to drive growth and create value. This philosophy is at the heart of what we do and how we do it and reflects our commitment to excellence.
Leadership
Daniel Mikhno – Manager
Dan has over 20 years of operations experience including fourteen years with the Department of Defense. He has held roles in commercial real estate, senior living, and energy and transportation with a focus on capital investments and procurement at a Fortune 500 company. He has a broad understanding of how successful companies operate and likewise poor decisions can lead to failure. Dan holds an executive MBA from Columbia Business School, an MS from the National Defense University, and two BA’s from Portland State University in Political Science and Russian Language.
Our Investment Criteria
Business + Industry Traits
Service-based industry
Represents a sustainable and defensive market position
Fragmented competitive landscape with no clear dominant player
Total potential addressable market greater than $5B
Growing industry and a distinctive market
Strong middle management
Diverse and recurring customer base
Straightforward, repeatable operations
Owner seeking a reduced role in the business by transitioning into a partnership or an exit
Financial Characteristics
$1 to $9 million in recurring annual revenue
$300k to $2 million of predictable annual cash flow
15%+ EBITDA margins
Minimum 3 years of profitability
Low capital expenditures and working capital requirements
Steady positive cash flow