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About Mosaic

Mosaic Capital Corporation is a Calgary-based investment company that owns a portfolio of established businesses. These are companies that generate strong, sustainable cash flow from their operations in niche markets. Mosaic Capital’s portfolio of businesses operate in the printing, oil and gas services, technology, and real estate industries.

Mosaic Capital was formed in May 2011 through a $91.5 million dollar merger transaction with Mosaic Diversified Income Fund and First West Properties Ltd. Both these companies had been managed by Mosaic Capital’s management team.

Mosaic’s management team aligns itself with business owners and shareholders through its ownership of 46% of Mosaic’s common shares and through being the largest holders of Mosaic’s preferred securities. Our primary focus is increasing shareholder value by growing free cash flow per share. We do that by acquiring businesses with:

  • Demonstrated history of free cash flow of between $3 – $5 million per annum
  • Durable competitive advantage that operate in industries that we believe have strong long-term prospects
  • Ongoing participation of senior personnel – often these teams become our partners in the business
  • The ability to grow the business without requiring significant amounts of new capital

Investment Focus

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Mosaic Capital increases our free cash flow per share by owning exceptional companies that dominate the markets in which they operate. We look for great management teams we can partner with to continue to grow our businesses. We invest for the long term and only acquire businesses with what we believe are strong long-term growth outlooks. We provide strategic, business, financial, accounting, and legal expertise to each business’s management team and give them the autonomy to continue to operate the business.

Investment Philosophy

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Mosaic Capital’s investment philosophy is built on four pillars:

  1. We look for great businesses that fit our long-term view and we buy these businesses at what we believe are attractive prices
  2. We partner with management and align their interest with Mosaic’s
  3. We buy businesses we are confident in holding for the long term
  4. We maintain a strong financial position and grow sustainable free cash flow

Our investment philosophy requires us to be disciplined and patient. We own a small number of exceptional companies in easily understandable industries run by shareholder-oriented managers, and with earnings we are confident will be materially higher five, 10, and 15 years from now.

Investment Objectives

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  • To grow the free cash flow per share and retained earnings by acquiring businesses we understand at prices that give us a margin of safety
  • To deploy capital where we feel we have a margin of safety
  • To maintain a strong balance sheet and increase shareholder value