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Podcasts/Acquiring Minds
Acquiring MindsSeptember 3, 2024✓ Verified in SBA records

Leaving Corporate to Buy a $4m Manufacturer

with Mike Dey · American Spray Technologies

Listen to Episode →

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

The Deal

Business
American Spray Technologies
Industry
manufacturer of texture spray machines used in new home construction
State
WA
Purchase Price
$4.8M
Multiple (EBITDA)
4.0x
Year
2021
LTV at Close
80%
Deal Source
broker

Financing Structure

SBA 7(a)
variable rate
Buyer Equity

Strategic Rationale

Acquisition of a stable niche manufacturer with existing management and real estate asset backstop.

Post-Acquisition Performance

Revenue grew from $3M to nearly $5M by 2022; dipped 10-12% in 2023.

The LenderHawk View

Real lenders that finance similar deals

Active Lenders
10
Median Spread
P + 1.25%
Top Lenders
Bank of Hope65 deals
Readycap Lending, LLC41 deals
PCB Bank28 deals
Open Bank27 deals
UniBank27 deals
See all matching lenders →

Matched SBA Loan Records

SBA loan filings we matched to this deal

JPMorgan Chase Bank, National Association95%
$25KP + 4.50%FY2010
Seattle Economic Development Fund dba Community Ca95%
$25KP + 5.75%FY2015
Sound Credit Union95%
$252KP + 1.75%FY2017

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