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Project Meadowlark
Description
Opportunity Type: Acquisition
Location: United States
Industry Focus: High-Quality Artificial Turf
Ownership: S Corporation
OVERVIEW:
This Company, headquartered in one of the largest textile hubs in the world, was founded in 2019, by industry veterans with a goal to provide superior, domestically produced products at competitive prices.
Today the company offers a product that is 40% denser than competitors, made from materials that produce a more realistic look than other products on the market. 75% of the product sold is manufactured in the United States affording the company the ability to meet customers’ needs quickly, fulfilling short runs and custom requests that their competitors cannot. Raw materials to produce domestic product is imported from Countries that are outside of tariff sensitive regions.
- Founders Highly Motivated to Scale: The Founders are not interested in exiting the business. They want to remain actively involved in the business for the foreseeable future. They are interested in bringing in a partner that can help them scale the business through acquisition and organic growth.
- Ability to Scale Production: The US based manufacturing facility can handle a significant amount of growth with no additional capital required.
- Significant Growth Potential: A combination of increased restrictions on outdoor watering, demand for low and no maintenance landscaping, and a product line that is “an easy sell” when compared to other lines, this Company is well positioned to gain market share in both the residential and commercial sectors well into the foreseeable future.
Financial information
- $20,293,459.00 Gross Revenue
- $3,236,207.00 EBITDA
Reason for sale
Detailed information
Listing Id:
SA1686
Contact Us
Business location
United States
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