Detailed Acquisition Criteria

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 headquartered in the United States.

We seek privately held or public companies that can fit as standalone acquisitions or add-ons to our existing operations.
​

• 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 headquartered in the United States. The company can have locations anywhere in the world.
• 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 USD 15 million	Not critical
Minimum Profits	USD 1 million pretax (Midwest) USD 1.5 million ​(other regions)	History of profits
Profit History	​History of profits NO turnarounds NO startups/venture capital	​History of profits
Management Requirements	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 USD 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 via the use of Phantom Stock	100% required