Acquisitions

Our Growth Strategy includes Acquisitions that make sense to our Employees, Customers and Shareholders.

Acquisitions

Acquisitions have been and will remain a critical component of Page Home Center’s growth strategy. To achieve our goal to be one of the fastest growing company in our region and within select other regions, we focus on organic growth that is fueled through product expansion, sales force expansion, and the opening of new locations and acquisitions. To continue this growth strategy, it is imperative that we develop a continuous pipeline of quality independent dealers looking to potentially join our team. We feel very strongly that we are the preferred home for many companies in our industry looking for an exit strategy or transition, especially for owners that are looking to be a part of a company that preserves and builds onto the heritage of our legacy and one that prides itself on being a good steward of the employees and customers after the sale. The information below is intended as a resource to help owners gain insight to our acquisition process and what we look for in an ideal candidate.

The Process – Our main Steps in a typical Asset purchase with no real estate involved are:

I. Target candidate company research & signing of the confidentiality agreement
II. Determine strategic fit (Initial Meeting with the owner & tour of main facility)
III. Exchange of Information / Initial Valuation stage
IV. Letter of Intent
V. Due Diligence Process (Usually takes between 30-60 days)
a.  Financial, Risk Management, Operational, Human Resources, Environmental & Legal
VI. Final Purchase Agreement signed / Physical Inventory performed / Closing
VII. Migration to our payroll, benefits and computer system at closing
VIII. Closing adjustment provision
IX. Post Acquisition Integration – execute the growth strategy

 

Ideal Candidate:

  • Quality of successor management team
  • Lead or Secondary Market Share
  • Steady Market Conditions
  • Track Record of consistent profitability
  • Quality and efficient utilization of assets
  • Significant future growth opportunities
  • Clean operational history

Less Attractive Candidate:

  • Owner & Management exits at close
  • Limited Market Position
  • Erratic Market Conditions
  • Inconsistent peaks and valleys in recent profits
  • Older capital equipment and below average asset turnover
  • Peaked or slower growth rate market / opportunity
  • Past operational or Environmental Issues

 

Ask an Expert

Page professionals have done it all - and can help you on your next project

Ask an Expert

Sign Up

Page accounts can earn rewards

Start Saving Now

Frequent Questions

You have questions we have the answers. Below are some of the most frequently asked questions and some answers to help you get the job done right.

Get Answers from Page