Airwaves Case Study

Recapitalization allows AirWaves’ to gain institutional support, and “deep pockets” to fund Growth Overview Air Waves is a leading provider of on demand apparel fulfillment for the ecommerce channel. The company has developed a proprietary process for managing the complexity of “mass customization” of decorating apparel in single unit quantities. The current owners bought Airwaves…

VMC Case Study

Management Buyout Results in Team Owning Majority Stake Overview VMC purchased from Aeroflex, Inc., was a leader in providing vibration isolation and seismic control solutions to the industrial, military and construction markets Purchased for $8.6 million in 2005 by Management and CCCM Management maintained control of Board and majority ownership with a $1 million investment…

Bastech Case Study

Leveraging Technology to Expand Into New Markets Overview Company founded in 1961 and profitable every year Proprietary products drove strong customer relationships and recurring revenues Founder limited growth to a lifestyle business resulting in low penetration of a large potential market (100+ U.S. pulp mills and untapped mining market) Attractive EBITDA margins Management buyout completed…

Kenexa Case Study

Culture of Excellence Drives Billion Dollar Exit Overview Founded as an executive recruiter, in the late 1980’s Developed the “Hire, Train, Retain” outsourced human resources model Purchased several companies in targeted areas; multiplied the sales post-acquisition by cross-selling to Fortune 500 customer base Rapid growth attracted national attention, including membership in the INC 500 and…

Liberty Distribution Case Study

Recapitalization lets Liberty’s founder take money off the table, share equity with the management team, and build a balance sheet for growth. OVERVIEW Liberty pioneered the direct-to-store distribution of confections and snacks to the check out aisle for non-food retailers in 1998 Company had achieved sales of over $40 million by 2007 Founder desired liquidity…