Tuesday, 13 February 2018

S-1824 AJR Video Equipment Sales, Rentals and Production Service (SW US)



Business Description:
Company is a leading dealer that offers video equipment; this includes Sales, Rentals, and Production Services.  Their core business is: 1) selling broadcast, film, and Audio/Visual equipment, 2) Expertise in setting up systems design, integration and production, 3) Equipment Rental.  They are an authorized dealer for professional video & audio equipment manufacturers. 

Distribution:
The company is located in a high growth desired location; the company’s key customers include Production Companies, Brokers, Churches, Independent Producers, Education, Military, Sports, and Rental Companies.

Operational Strengths:
The company and management team is the best in the industry and has a reputation for strong technical knowledge base; they pride themselves on being experts on the latest video technology.

The Transaction:

The owners are looking for a transaction that reflects current market conditions in the retail distribution sector and will be available for an agreed-upon time frame to insure an effective, seamless transition.



Financial Summary ($)

2018 Est by Seller
2017
2016
Revenue
10 MM
10.8 MM
11.5 MM
Adjusted EBITDA
1 MM
1 MM
1 MM

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
SW USA
Yes
Yes
20
7812

  
Direct All Inquiries to:

Gottesman Company
Refer to:  S-1824 AJR
Tel: 212-330-8010     Fax: 646-434-4557
                                       E-mail: office@gottesman-company.com

S-2938-1 DKC Technology, Scientific, And Professional Service Company for National Security and Force Development (Southeast US)




Business Description:
This Company provides end-to-end customized solutions for national security and force development, instructor and training support, information technology, safety and occupational health, logistics and transportation, and administrative services. It is well positioned to bid on government contracts in a highly competitive industry as the company success rate has generated over $100 million of pipeline contract opportunities thus far.

Operational Strengths:
Over 65% of the company’s contracts are cost-plus, increasing profits and stabilizing margins. The company will also benefit from the 10% increase in the DoD 2018 defense budget.

·         Sustaining increased manning levels for the Army and Marine Corps as directed by the National Defense Authorization Act for Fiscal Year 2017 (Public Law 114-328);
·         Additional funding for operating forces, logistics, maintenance, training, and spares;
·         Additional shipyard capacity and aviation depot maintenance for the Navy, as well as increased funding for spares, training targets, and ranges;
·         Increased unit and flight training for the Army;
·         Increased sustainment and related accounts to accelerate Air readiness recovery; and
·         Targeted new end strength increases for the Air Force and Navy specifically to address readiness challenges.
“United States Department of Defense Fiscal Year 2018 Budget Request”, Generated on 2017 May12 RefID: A-C065B44

FINANCIAL SUMMARY ($, 000s)
Year End June
2019 Est By Seller
2018
2017
Revenue
27.0
20.8
30.9
Adjusted EBITDA
2.3
0.3
(0.3)*

*June 2017 losses
(1)  ESOP Contribution; (2)  Expense for change of control

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
Southeast
Management
Yes
12
5045

Direct All Inquiries to:

Gottesman Company
Refer to:  S-2938-1 DKC
Tel: 212-330-8010     Fax: 646-434-4557 
E-mail: office@gottesman-company.com

S-2812-1 DKC Natural Stone (Hawaii)



Business Description:
Supplies and distributes various colors and grades of natural stone and quartz mainly for the purpose of construction and renovation.  As the industry leader the company owns two stone wholesale, retail, and fabrication businesses. 

Distribution:
Management team has over 70 years of experience has established a network of distributors through long term relationships. Two main distributors are Home Depot and Lowes. The company also has smaller regional distributors, contractors, architects, and interior designers. 

Operational Strengths:
The company supplies natural stone to a customer base with the 3rd fastest growing construction job market in the US according to The Associated General Contractors of America April 2016 data out of the 358 metro areas nationwide. 

The Transaction:
The Chairman would stay on to train the new owner to learn the operations of the Natural stone business.

Financial Summary

2016
2015
2014
Revenue
3,479
3,260
2,868
Adjusted EBITDA
738
873
907

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
Hawaii
Compiled
Yes
8
5032


  
Direct All Inquiries to:

                                                       Gottesman Company        
Refer to:  S-2812-1 DKC
Tel: 212-330-8010     Fax: 646-434-4557
                                      E-mail: office@gottesman-company.com

Monday, 12 February 2018

S-2791-1 JPM Landmark Power Sport Dealership (Mountain West US)



Business Description:  This premier power sport dealership in the Mountain West United States is an exceptionally managed, highly profitable turnkey dealership that carries a vast inventory of new and pre-owned products, including many Japanese franchises under one roof, as well as Yamaha, Suzuki, Chaparral, G3 Boats, Ducati, Aprilla, BRP (Ski-doo, Sea-doo, Spyder and Can-Am) and more. Pretty much everything except Harley. They also carry a huge selection of parts, accessories, and apparel. The company has 35 employees. The 80,000 sq. ft. dealership sits on five acres of prime real estate. There is a 30,000 sq. ft. showroom, a 28,000 sq. ft. warehouse and 22,000 sq. ft. dedicated to service and parts (all approx.).

Distribution:  Launched 19 years ago, this dealership has captured the marketplace. It is the top retailer in the area of motorcycles, ATVs, UTVs, PWCs, and power equipment, and stands out from its competition through its top-notch sales and service. The local economy is currently experiencing unprecedented growth, and the market for recreational transportation is booming.

Operational Strengths:  This dealership maintains an established, loyal customer base and enjoys isolation from like-branded companies. It boasted sales of $15 million in 2016. It has its own website which generates considerable internet sales and has a consistent track record of sales and profitability.

The facility is well-equipped in furniture, fixtures and equipment (approx. $1,000,000) which includes a boat lift, wash bay, two car-lifts for working on side-by-sides, loading dock, etc. The recent installation of a commercial Solar Energy System is expected to generate $5,000 in energy savings per month. The building has excellent frontage and visibility along a major highway. It is easy to reach and offers ample parking. The seller wishes to completely retire by selling the business and the facility at the same time. The facility is available a fair market price of $7,000,000.

Their top-notch service department is known for its custom, quality work, and has relationships set up with most major parts manufacturers and distributors. Experienced and trained mechanics are already in place.

The Transaction:
The Seller also owns the Real Property and would like to sell that as well.  Fair Market Value to be determined, but estimated to be $7,000,000 (approx.).

Financial Summary


2017
2016
2015
Revenue
$17,656,524
$15,141,251
$12,300,000
Adjusted EBITDA
$3,359,238
$1,200,360
$319,751


Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
Mountain West
Internal
Yes
1988
5571, 5551, 3799





Direct All Inquiries to:

Gottesman Company
Refer to:  S-2791-1 JPM
Tel: 212-330-8010     Fax: 646-434-4557
                                       E-mail: office@gottesman-company.com

Friday, 9 February 2018

S-2888-2 MLJ Manufacturer of Specialized Products to the Plumbing Trade (UK)



Business Description:
This business supplies and carries out some in-house manufacture of its own range of specialist products for the plumbing sector, predominantly via major national merchants. Satisfying a niche sector, it has a dominant market share in a number of areas, and has genuine brand recognition.

Founded by the current owners nearly 20 years ago, the company has enjoyed practically uninterrupted growth despite the economic uncertainty since 2008, developing from a small operation run from home to an enterprise with turnover now exceeding $3.7M and employing around 20 staff from its premises in Yorkshire. There is a management team in place to support the owners.

Sales are B2B, with most products aimed at the residential housing market. A relatively newly developed commercial range offers further opportunity as does development of an online B2C platform. Currently all sales are to the UK but opportunities within the EU are being explored.

The business currently generates sales of $3.7M and above, delivering a sustainable adjusted EBITDA of c $660k. Organic growth forecast for the sector, coupled with opportunities being pursued, means the business is expected to deliver sales of $4.6M and an adjusted EBITDA of $850k by 2018/19.  This business has grown to the point where the current owners feel it would be better served by new owners with the skills and energy to capitalise on the substantial further opportunities. It is a suitable acquisition for high net worth individuals wishing to retain the business as a standalone enterprise, a bolt on for a larger business with a complementary product range, or for a private equity team assembling a group.

The Transaction:
The transaction is business based on a sustainable adjusted EBITDA of $660k. The vendors are prepared to commit to an extended 2-3 year handover in order to protect that anticipated growth.

 

Financial Summary $k
Yr Ended
2016
2015
2014
Revenue
3720
4042
3241
Adjusted EBITDA
533
657
432

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
UK
Compiled
Yes
15
82990




Direct All Inquiries to:

Gottesman Company
Refer to:  S-2888-2 MLJ
Tel: 212-330-8010     Fax: 646-434-4557
                                       E-mail: office@gottesman-company.com