We have spent the last 15 years focused on niche leaders within the healthcare and business services verticals. As a result, we have developed industry networks that serve as valuable resources during diligence processes and throughout our ownership period.
Outsourcing is the central theme across NCP's investments. Companies that provide efficient solutions for their customers' non-core functions, have a high cost of failure, and have an inherent value proposition that drives other positive dynamics:
- Defensible market position
- Recurring revenue that is recession resistant
- Sustainable history of and continued prospect for growth
- Price inelasticity creating opportunity for higher profit margins