Insights & News
FourBridges Capital is Consistently Closing Deals
It’s been a busy year.
In just the past few months, we’ve closed four major deals across a vast range of industries. Each business owner came to us with their own unique needs and goals. After countless Zoom calls and pouring over financial documentation, the FourBridges team was proud to help these sellers get the best value for their business while achieving other personal goals and objectives.
Check out our 10,000-foot overviews of these deals, or find more details in our success stories and interviews.
Southeast Lineman Training Center
Over 20 years ago, David Powell left his comfortable corporate job to join his father-in-law in building Southeast Lineman Training Center. The vocational school that trains electrical linemen has since exploded in size and expanded to three locations.
The SLTC team viewed themselves as stewards of the business, rather than just owners. They knew that new capital and a new strategic partner could give them the boost they needed to take SLTC to the next level.
Private equity firm Sovereign’s Capital (a current minority owner of SLTC) had previously engaged FourBridges to sell one of their companies and suggested they run the same process for SLTC. Warren Equity Partners rose to the top of SLTC’s list of potential buyers by offering an attractive valuation, a short timeframe to close, and a commitment to maintaining the SLTC culture.
>> Read David Powell’s Seller Insights interview
Midwest Sport and Turf Systems
In an interesting turn of events, the buyer on this deal referred FourBridges to the seller. Jody Factor, founder of MWSTS, had never run his business with the intention of selling it. He knew that he had a solid cash flow and that the business was going strong, but he didn’t have the documentation or formatting to back up his achievements.
TenCate Grass saw an opportunity with MWSTS and reached out to Jody to discuss an acquisition. As a former attorney himself, Jody felt confident in his ability to negotiate, but he needed assistance with formatting his financial reports to meet the industry standards and finalize the sale. TenCate referred Jody to us to help him shore up his financials, tweak the LOI, and negotiate on his behalf.
American Bedding Manufacturer
This is a rare example of the American Dream playing out in real life. Dale and Boyd Reynolds bought a bankrupt mattress manufacturing company with neither of them having any experience in the industry. Twenty five years later, American Bedding was a leading provider of mattresses and bedding products for the summer camp, shelter, and rehabilitation markets.
The Reynolds brothers were ready to take a step back from the business, but they did not want to leave their close-knit employees and team in the lurch. They reached out to our team to see if we could find them a buyer that met their needs, and we received an immense response from interested parties.
Valesco Industries out of Dallas, Texas proved to be the perfect fit for ABM, offering the Reynolds an influx of liquidity and less hands-on roles in day-to-day operations.
Available Plastics, Inc.
Since 1978, Available Plastics has specialized in manufacturing PVC products for use in construction, manufacturing, and utilities. Founded by Dr. Louis Brown, API and its 120,000-square-foot facility were passed down to his daughter, Sueanne Yarbrough.
Sueanne took a lot of pride in API’s legacy, and sought a buyer that would continue its tradition of providing high-quality products and services while taking the company to the next level. With our help, she achieved both her personal and financial goals for the sale, and API is continuing to grow with the current management team leading the charge.
Do you want to transition out of your business, or just take a step back? FourBridges is here to guide you every step of the way. Reach out to us to learn more about our proven process.
