Our client, headquartered in the South, is a metal fabrication strategic buyer offering engineering, cutting, bending, forming, welding, finishing, coating, and assembly work. Normandy was retained to identify acquisition targets in the South and Southeast that served customers in new end-markets and had complementary machinery and capabilities.
We quickly developed an understanding of the machinery and technology used by our client and structured our search around identifying companies that used similar equipment. Normandy Advisors sourced and screened close to 300 companies. Through this, we were able to supply our client with valuable information about other companies in the market.
As a result of our search, our client acquired a $30M+ revenue company that had a sizable facility, allowing the buyer to expand its geographic presence, capacity, and industry concentration.