Charollais Holdings I, Inc. ("CHI") is a special purpose acquisition company ("SPAC") formed to acquire a growing middle market company. The transaction will give to the acquired business access to public markets to accelerate its growth, and provide investors with the opportunity to participate in the resulting gain in shareholder value.
CHI is focused on companies in the business services sector that have recurring revenue contracts, with a particular concentration on the security industry, and the related technology-driven companies that operate in that arena. CHI's team has a long track record of building of this type of company and substantially increasing shareholder value in the process.
CHI is targeting businesses with an enterprise value of approximately $100 to 150 Million, which have the potential to grow many times larger.