Hello! Looking to build my network. :)

April 02, 2023

by a searcher in Milwaukee, WI, USA

I am searching to acquire a manufacturing company, that would have somewhere between###-###-#### million in rev. I am at the beginning stages and looking to build my network of possible accountants and lawyers that have experience in manufacturing diligence. Also, If you have purchased a manufacturing company and are willing to give any advice I would love to connect with you.

Thank you, Elise

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Reply by an investor
from The University of Chicago in Chicago, IL, USA

Elise - two thoughts that jump out here: #1 I would suggest that you consider larger companies (based on revenue size to target). If you could put together the capital to acquires a $1mm ~ $2mm company, you should be able to finance a ~ $5mm company (all based on revenue size). Big matters when it comes to hiring people. If you are only doing $1mm ~ $2mm per year in revenue, you most likely will not be able to pay what it takes to attract talent. #2 When in comes to manufacturing, the key gateway is whether or not the business is a job shop (all or mainly all unique or custom products tailored to specific customers). Most small manufacturers are job shops - they are hard to grow and command lower exit multiples., A small manufacturer with legitimate proprietary products is a find. Feel free to reach. Good luck. Walt

Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA

Congratulations on starting your search. If you need any help from a financing perspective, I would love to connect. We are a Commercial Loan Brokerage firm with over 500 funding partners. We have done quite a bit of financing in the manufacturing space as well. You can reach me here or directly at redacted if you would like to connect. Good luck with your search.

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