Edifice Construction has been acquired by Private Investors
Construction / Trades Building Supply
Case study
The Challenge:
- The client was a full-service General Construction and Project Management company serving Washington, Oregon, and Utah.
- The company was growing quickly and needed some additional horsepower and capital in order to move forward and grow.
- Their goal was to capitalize on their 30-year long relationships with the top retail companies in the U.S. and expand further into other markets (Utah and California).
The Solution:
- The challenge Merit Investment Bank faced was to sell a company in an industry where capturing value required an in-depth analysis and deep knowledge of the industry. Merit Investment Bank also needed to communicate with two separate owners with slightly different interest and objectives, and help bridge any gaps.
- The Merit Investment Bank team evaluated and suggested strategic actions for growth that were implemented.
- After the recommendations were instituted, Merit Investment Bank leveraged its deep experience and buyer networks, as well as utilizing a strategic auction process to find a buyer synergistic to the seller’s business.
The Results:
- A deal was consummated with a smooth diligence process at a considerable premium.
- The company sold 19 times EBITDA which was approximately 3 times the industry average and both seller’s objectives were exceeded in the sale.
TESTIMONIALS
“
The team at Merit Investment Bank works hard and puts in a lot of time and energy. And because of that, they’re talking to people with a lot more sincerity than just putting out a deck. They went deeper and not only understood our strategy, but they understood how to pitch the right strategy to the folks on the other end of the transaction. They explained our business so a potential suitor understood how it could be integrated into their business.
Merit Investment Bank thought of a more strategic transaction and they built a better story. It’s what’s created more offers and what made the offers higher.
Jeff Rubenstein
CEO at SmartProcure
acquired by Thompson Street
Get in touch
With offices throughout the United States and serving clients globally, Merit Investment Bank is ready when you are.
info@meritinvestmentbank.com
Phone
(253) 327-1490
Proud Partners
Merit Investment Bank is a proud partner of CDI Global, providing us with a strong international network. This partnership extends our reach, allowing us to source acquisition opportunities across the globe.
CDI Global is a leader in middle-market, cross-border transactions. Our international presence, industry expertise, and market command ensure our ability to help you reach your goals.
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