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Podcasts/Acquiring Minds
Acquiring MindsOctober 30, 2025

Started Mid-Career, Grew to $38m in 3 Years

with Shaun Stimpson · Mitten Fluidpower

Listen to Episode →

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

The Deal

Business
Mitten Fluidpower
Industry
Industrial Distribution - Hydraulic and Pneumatic Fluid Connectors
Year
2022
Revenue at Purchase
$14.0M
Deal Source
proprietary

Financing Structure

Buyer Equity
$6.0M
Mezzanine
Bank Loan
Line of Credit

Strategic Rationale

To serve as a platform for an industrial distribution roll-up.

Post-Acquisition Performance

Grew revenue from $14M to $22M; expanded sales team; 50%+ growth.

The LenderHawk View

Real lenders that finance similar deals

Active Lenders
10
Median Spread
P + 3.80%
Top Lenders
TD Bank, National Association674 deals
The Huntington National Bank551 deals
Wells Fargo Bank National Association468 deals
JPMorgan Chase Bank, National Association421 deals
U.S. Bank, National Association416 deals

Key Takeaways

  • 1Cold calling is an effective and underutilized prospecting method that allows sellers to recognize genuine operator-owners versus passive investors.
  • 2Acquisition entrepreneurship is a viable second career path even starting in one's mid-40s with proper preparation and study of deal mechanics and financing structures.
  • 3Industrial distribution businesses with high customer retention rates and low capital requirements offer attractive acquisition targets despite being overlooked by many searchers focused on SaaS.

Matched SBA Loan Records

SBA loan filings we matched to this deal

Byline Bank85%
$850KP + 2.75%FY2019
The Huntington National Bank85%
$50KP + 1.25%FY2016
JPMorgan Chase Bank, National Association85%
$150KP + 4.25%FY2013

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