Detailed Acquisition Criteria
- Our primary interest is in Industrial Manufacturing, Industrial Distribution
and Industrial Service companies.
- We look for companies with annual revenues of up to $150 million that are
located in the United States and/or Canada.
- The company must have a history of profitable operation. We have no
interest in start-up or turnaround situations.
- It is our desire to retain capable existing
management or to work with a
transitional management team. We will operate using periodic reports
and a Board of Directors.
- The acquisition price of the company can be up to
$150 million.
- Acquisitions will be made with cash.
- We require control. While we prefer to acquire 100% ownership,
management participation is a possibility.
- We are interested in privately or publicly held companies including corporate
divestitures.
|
Standalone |
Add-ons |
| Sales Volume: |
Minimum of $10 Million
|
Not critical |
| Minimum Profits: |
$1 million pretax (Midwest)
$1.5 million (other regions)
|
More than Breakeven |
| Profit history: |
History of profits
NO turnarounds
NO startups/venture capital
|
History of profits |
| Management: |
Prefer entire team remain;
Can work with retirement plans and orderly succession of second level
management
|
Flexible; will
need to review staff
levels/overlaps |
| Purchase price: |
Up to $150 million
|
No min/max set |
| Deal Structure: |
All Cash purchase,
can accommodate seller's tax needs
|
All Cash purchase |
| Ownership: |
Prefer 100%;
Management participation a possibility normally with Phantom Stock |
100% required |
We seek Industrial Manufacturing, Distribution and Service companies that
have a history of profitable operations. It is our desire for management
to remain or for the second tier of management to move up. Standalone
companies need to have a sales volume of at least $15 million, while add-ons can
be of any size. We do not require standalones to be "strategic"
or "synergistic". We prefer companies to be located in the
United States and/or Canada.
We seek privately held or public companies that can fit as standalone
acquisitions or add-ons to our existing operations.
|