ACQUISITION CRITERIA
GOAL
Acquire an established company and lead it into the next chapter of its success story.
I view acquiring and operating a company as the capstone of my career where I can utilize all of the leadership, management, and business skills I have learned over the years.
My plan is to “buy and hold” a company, not “buy and flip”. I look forward to building long-term relationships with teammates, customers, suppliers, and the communities in which the company operates.
REVENUE
$2M – $10M
EBITDA
$500k – $1.25M
Transaction Value
$2M – $5M
Industry Types
Preferred:
• Distribution
• B2B Services
• Distribution
• B2B Services
Considered:
• Light manufacturing
• B2C services
• Light manufacturing
• B2C services
Industry Segments
Extra Interesting:
• Energy (very broad)
• Agriculture
• Energy (very broad)
• Agriculture
Fitting:
A quality business in any other industry segment.
A quality business in any other industry segment.
Geography
Sweet Spot:
40-minute circumference around downtown Grand Rapids.
40-minute circumference around downtown Grand Rapids.
Broad Target:
A rectangle from Muskegon to Lansing to Kalamazoo to Holland.
A rectangle from Muskegon to Lansing to Kalamazoo to Holland.
Ownership
Expected:
100% ownership transfer with transition training period.
100% ownership transfer with transition training period.
Considered:
Partial owner buyout or equity rollover.
Partial owner buyout or equity rollover.
Management & Teammates
Desired:
A solid core group of management who will continue with the company after transition.
A solid core group of management who will continue with the company after transition.
Considered:
Higher management turnover but key teammates staying.
Higher management turnover but key teammates staying.
