What we look for
What we look for
We'd rather be clear than optimistic. If a business fits this profile, we move fast. If it doesn't, we'll tell you straight away instead of sitting on it for three weeks.
Geography
- Dallas–Fort Worth metroplex (primary)
- Oklahoma City, OK (secondary)
- Houston, TX (secondary)
- Elsewhere in Texas, case by case
Size
- Revenue: $750K–$4M
- SDE: $200K–$550K (or $100K–$420K adjusted EBITDA)
- Profitable and stable across at least the last three years
Industries
Three priority tiers, roughly in order:
- Light manufacturing — machining & fabrication, industrial packaging, food & beverage, and similar
- Commercial services — landscaping & irrigation, facility & janitorial, HVAC/plumbing/electrical trades, fleet & equipment repair, and similar
- Distribution — industrial/MRO, building & construction supply, and similar
What we weight heavily
- Ten or more years of operating history and a good local reputation
- A diversified customer base — no single account carrying the company
- A team worth keeping, and an owner who wants them kept
- Real assets, real recurring work, or both
- An owner ready to transition out over a reasonable period
Deal structure
- SBA 7(a)-financed, with working capital included in the facility
- Seller financing welcome and often preferred — we like having you invested in the handoff
- Real estate: happy to buy it or lease it from you, whichever suits your planning
Not a fit right now
Straight about this, because it saves everyone time:
- Restaurants, retail, and hospitality
- Pure e-commerce, or businesses whose value is mostly a website
- Anything requiring a specialized professional license none of us holds
- Turnarounds and distressed situations — we're buying something that works and making it work better
Brokers and intermediaries
We respond to every teaser within two business days with a yes or a no, and a reason either way. We're pre-qualified for SBA acquisition financing with [lender], if naming them and can provide proof of funds on request.
Send teasers to kadenorthrip@lmncapitalholdings.com.