Pilgrim Holdings targets investment opportunities that meet a defined set of financial and operational characteristics. As a general benchmark, the firm focuses on businesses generating between $5 million and $15 million in EBITDA. This range reflects companies with sufficient scale and established operations while still presenting meaningful opportunities for strategic involvement and value creation.

Pilgrim maintains flexibility with respect to management structures. The firm is open to investments both with existing management teams in place and in situations where management may be absent or require transition. This adaptable approach allows Pilgrim to evaluate opportunities based on their overall potential rather than imposing rigid structural constraints.

The firm’s investment focus is concentrated within restaurant chains and consumer packaged goods businesses. By prioritizing these sectors, Pilgrim aligns its investment strategy with industries that fit within its core areas of interest.

Pilgrim Holdings also welcomes troubled or underperforming situations. Businesses facing operational challenges or periods of underperformance are viewed as viable investment opportunities consistent with the firm’s investment objectives.