Bradford Equities Management, L.L.C. acquires high-quality middle-market
companies in the United States in partnership with management. BEM invests
across a broad range of industries and favors low-technology manufacturing
businesses as well as specialty distribution companies.
BEM generally seeks companies with $15 to $75 million in annual revenues for
platform acquisitions and a minimum of $5 million in revenues for add-on
acquisitions. Acquisition candidates should demonstrate at least two years of
profitable operations with strong growth prospects for the future, either
internally or through additional acquisitions. BEM's contribution is generally
made through membership on the Board of Directors, rather than through
participation in day-to-day operations. BEM believes that for a transaction to
be attractive for all shareholders, it should be customized to fit the special
requirements of the seller and create financial incentives to align operating
management with the new investors. BEM employs modest financial leverage in its
acquisitions as the Partners believe that significant leverage can hinder the
growth of a company. In addition to providing financing, BEM actively fosters
the growth and development of its portfolio companies.
Acquisition candidates may include privately-held corporations and divisions or
subsidiaries of larger corporations. In cases where intermediaries are not
compensated by sellers, BEM will, if negotiated and agreed to in writing, pay
competitive fees on completed transactions.
|