Manufacturing
Precision, industrial, and process manufacturers with established operations and repeat customers.
Acquisition Buy Box
What we look for in a business
North Carolina · Lower middle market · Durable cash flow
Financial & operating criteria
If your company generally fits this profile, or is close, we would welcome hearing from you.
- Adjusted EBITDA
- $500,000 – $1,500,000
- Debt service coverage ratio
- 1.5x+
- Cash in business at close
- 1.86x equity injection
- EBITDA margin
- 15% minimum
- Operating history
- 5+ years
- Customer concentration
- 20% maximum
- Geography
- North Carolina
- Sectors
- Engineering & manufacturing
- Financial profile
- Clean reporting, reliable cash flow
- Transition
- 6 to 12 months preferred
Cash in business at close: cash on the balance sheet at close of at least 1.86× the equity cash injection.
Sectors of Focus
Industries we target
Engineering and manufacturing industries, plus the businesses that serve them.
Engineering
Engineering services and technical firms supporting industrial and commercial clients.
Industrial Services
Services businesses supporting manufacturers and industrial customers.
Related B2B
Complementary B2B businesses that serve manufacturing or engineering companies.
Owner Situations
Where an operator-led buyer fits
The circumstances where an operator-led buyer tends to be the right fit.
Retiring Owner
No internal successor in place, and a priority on a respectful transition for employees and customers.
Second-Generation Exit
A family business where the next generation is ready to pursue a different path.
Corporate or PE Carve-Out
A non-core division or portfolio company that deserves focused, independent ownership.
Is your business a fit?
Proprietary and off-market opportunities are especially welcome. Every situation is unique.