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Podcasts/Acquiring Minds
Acquiring MindsJanuary 13, 2025

How to Buy a $13m Business with No PG, No Investors

with Carlo Santelli

Listen to Episode →

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

The Deal

Industry
fastener manufacturing (screws, nuts, bolts)
State
CT
Purchase Price
$16.0M
Multiple (EBITDA)
1.5x
Year
2024
LTV at Close
95%
Deal Source
proprietary

Financing Structure

$10.8M
$3.3M
$2.0M
Sale-Leaseback
$10.8M (67%)
ABL Revolver
$3.3M (20%)
Seller Note
$2.0M (13%)

Strategic Rationale

Multiple arbitrage via a proprietary deal and creative financing (sale-leaseback) to acquire 100% equity with no cash in.

Post-Acquisition Performance

Throwing off $300k cash/month; high excess inventory (~$ 15M-$20M value)

The LenderHawk View

Real lenders that finance similar deals

Active Lenders
7
Median Spread
P + 2.75%
Top Lenders
Manufacturers and Traders Trust Company188 deals
Webster Bank National Association133 deals
TD Bank, National Association113 deals
Liberty Bank63 deals
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Want the Full Story?

The full narrative — the personal details, the hard moments, the host conversation — only lives in the original. Go listen.

Listen on Acquiring Minds