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Podcasts/Acquiring Minds
Acquiring Minds✓ Verified in SBA records

Buying A Manufacturer For Just The Value Of Assets

with Tyler Dyke · Blackhawk Fiberworks

LenderHawk analysis. Not affiliated with or endorsed by Acquiring Minds.

The Deal

Business
Blackhawk Fiberworks
Industry
Fiberglass manufacturing
State
MN
Purchase Price
$500K
Year
2018
Revenue at Purchase
$500K
SDE at Purchase
$100K
Deal Source
broker

Financing Structure

Bank Loan
Seller Note

Strategic Rationale

Sought a scalable product-based manufacturing business with better growth potential than his existing lawn care service business, leveraging industrial engineering expertise in a new material category.

Post-Acquisition Performance

Rapidly grew from three employees to nearly ten to fulfill a large 400-unit contract; improved operational efficiency through better processes, pricing, and bookkeeping; developed additional product lines including UTV roofs; business became significantly more profitable than the reported baseline.

The LenderHawk View

Real lenders that finance similar deals

Active Lenders
10
Median Spread
P + 2.00%
Top Lenders
Old National Bank49 deals
U.S. Bank, National Association27 deals
BankVista22 deals
Wells Fargo Bank National Association21 deals
Choice Financial Group18 deals
See all matching lenders →

Key Takeaways

  • 1Pursue opportunities even with incomplete information and limited expertise in a new industry if fundamentals appear sound.
  • 2Acquiring an established revenue-generating business with physical assets provides downside protection compared to starting from scratch with family obligations.
  • 3Operational improvements often come from improving supply chain, production flow, and business processes rather than deep product-specific knowledge.
  • 4Location and hiring are critical ongoing challenges in small-town manufacturing acquisitions.
  • 5Building a business toward passive income through an operator is a more achievable goal than trying to scale it entirely yourself.

Matched SBA Loan Records

SBA loan filings we matched to this deal

Twin Cities-Metro Certified De95%
$317KFY2019
Wells Fargo Bank National Association95%
$565KP + 1.75%FY2015
BankVista95%
$100KP + 2.00%FY2018