BUSINESS ACQUISITION PHILOSOPHY

GB seeks to augment its organic growth with selective strategic acquisitions of companies, product lines and assets. As a family-owned, private company, we are focused exclusively on building the long-term value of our enterprise for our customers, employees and shareholders. By investing in people and technology, we have become financially strong. By being disciplined operators and constantly striving for operational excellence, we have developed a world class cost structure. This allows us to consider acquisitions of practically any size and any financial condition.

Our goal in doing acquisitions is simple: we want to enhance value by increasing our end-market and customer diversification, by adding to our processing capabilities and by expanding our geographic reach. While our owners and management team have a wealth of manufacturing, engineering and finance experience, we know that we can learn from each other. We will be able to assist your team in pursuing growth opportunities as well as process improvements. We can also offer your team expanded career opportunities and the ability to collaborate on a broader scale. Finally, we can also take on many of the “overhead” tasks that may be distracting you from focusing on your customer and improving your efficiency.

We know that you have worked hard to build your business and we know it is much more than the assets on your balance sheet. We can be creative in developing an acquisition structure that will meet your or your business’s particular needs. We have a proven track record of successfully integrating acquired operations into our corporate family and leveraging our management expertise to improve profitability.

While we can be opportunistic, below are the preferred, detailed criteria for acquisition:

Any kind of metal forming company including stamping, fabricating, machining, welding and assembly, tube bending, etc. (SIC Codes: 3443, 3444, 3460, 3465, 3469, 3499, 3542, 3544, 3599; NAICS Codes: 332116, 332313, 332322, 332710, 332999, 333513, 333514, 336370). We are particularly interested in adding to our machining capabilities and high tonnage (800-1200T) presses. While we are interested in any end markets, we have a particular interest in construction, agriculture, aerospace and industrial markets. An industry or customer concentration is not a significant issue for us.

• Revenue: $5 to $100 million
• EBITDA: $500K to $10 million

As hands-on owner/managers, we can consider underperforming or loss situations. With our existing plant capacity, we can consider individual product lines or business segments that need to be separated from a larger business.

We prefer opportunities where the operating management team will remain in place, but are capable of adding management if an owner/operator or key executives are looking to retire.

Anywhere in the United States with a preference on the Midwest, Southwest or Southeast. We will also consider Mexico or other low cost-structure countries.