AIAS ACQUISITION OFFICE
Acquisition Criteria — Summary

Enterprise value: €1M–€5M preferred
Normalized EBITDA: €250K–€1.2M
Ownership sought: 70%–100% (founder/management reinvestment welcome)
Intended holding period: 7–15+ years
Geography: France & Canada (initial focus)
Currency: EUR / CAD

Priority sectors
- Accounting, finance and compliance services
- Mission-critical B2B services (facility, refrigeration, fire-safety, pest control, laundry)
- Niche industrial and technical services (calibration, inspection, repair, spare parts)
- B2B information and workflow businesses (vertical SaaS, compliance, document processing)

Required business characteristics
- €1.5M–€15M revenue, €250K–€1.2M normalized EBITDA
- Recurring or repeatable revenue
- Strong cash conversion, limited maintenance capex
- Stable customers, pricing power, low churn
- Capable management or transferable operating model
- Limited founder dependence
- Business capable of servicing acquisition debt from existing operations

We do not acquire
- Pre-revenue, structurally loss-making, or speculative businesses
- Restaurants, bars, nightlife, trend-dependent consumer brands
- Commodity trading, cyclical project-based construction
- Single-customer concentration without contractual protection
- Businesses with material tax, payroll, legal, environmental, or ethical issues
- Businesses that cannot function without the seller

Contact: confidential@aias-office.example