We acquire companies and ensure your legacy is protected regardless of current situation
REVENUE
$2m- $500m
EBITDA
Negative – $35m
COMPANY
8-100+ years old
EMPLOYEE
8-5,000 employees
SECTORS
Any industry
SITUATIONS
Profitable – Distressed
Approach
Simple and efficient
Your needs and situation
We prefer to start with a phone conversation to make sure we understand the needs, wants, desires, timelines and pressing issues (bankruptcy, illness, capital, etc), but have hopped on planes and driven 9 hours in the snow when necessary.
Review- Is Pingora a good match
We will provide a seller friendly NDA and then request more information that will include financial overview of the company to further review.
We prefer to look back versus forward for atleast 5+ years so we can see top line revenue, gross profit and other key indicators to better evaluate the opportunity carefully and create a good win/win scenario.
The more honest the shareholders are at this stage (regardless of situation) the higher probability of a of deal coming together.
LOI
Based on our review and further communications, we will submit a non-binding LOI which will overview the options and opportunities for the shareholders and how we propose to structure the deal. We are highly creative and work with the principals to align on expectations so there are no surprises. We can offer 3 option LOI for founders to review which we refer to as the 3 for 1 deal.
Capital Commitment
At this point, we would ensure the principal and representatives understand how we will conduct the transaction.
Due Diligence
All diligence efforts are headed by our leadership team as we have Operations, Legal, Accounting, HR, Finance internally. This will expedite the process as we don’t have to wait on outside resources to be available which can cause significant delays or even kill deals when timing is critical. We understand that not everything will be perfectly packaged and know how to work around that to get through due diligence quickly (sometimes within 14 days).
We will work with you and support you to make the transaction as simple and painless as possible.
Post-Closing
We seek to make NO changes to the existing organization if the company is in a positive financial position.
We seek to “keep the same people doing the same jobs for the same customers”
We want to protect what made the company great and follow that path to continue its success.
*If the company is distressed, we keep what works and fix what doesn’t while protecting employees, suppliers and customers.
Transition
After closing, we work on the agreed upon transition and support whether it be a management buyout, owner staying or owner full or partial exit. We want to ensure a smooth transition to show our commitment to the legacy of the company and employees.
It is easier to grow a company than to turn around a struggling company. We do both!