Mergers & Acquisitions

Acquisition Strategy

To service our customers even better, one key part of our growth strategy is driven by strategic “bolt-on” or platform acquisitions. Ideal candidates are manufacturing companies focused within the markets of Aerospace & Defense, Industrial, Medical, Oil & Gas, Radiopharmaceutical or Space. Our preference is to build upon our continental U.S.A. footprint, however the regions of Europe and Asia will be considered for the perfect fit.

Attractive Markets

We assess the market, including secular growth drivers and opportunities for consolidation.

Company Profile

We analyze the company’s market position and potential, including brand strength and margin expansion opportunities.

Value Creation

We consider potential in the context of our segments and overall portfolio, including those opportunities to extend global reach and advances our technology.

Acquisition Criteria

Company Characteristics

Manufacturing companies with established products & operations
High-quality management teams with a demonstrable track record of leadership and performance
Strong brand position in one or more niche markets with low technology risk
Solid pipeline of new products

Financial Characteristics

Adequate asset base and cash flow to support debt is preferred
Strong return on invested capital (ROIC > 2% of company’s cost of capital)
Stable and sustainable cash flows (sufficient liquidity to service debt requirements with low exposure to seasonal fluctuations in cash flows, as well as low sensitivity to cyclical fluctuations)
Low maintenance capital expenditure requirements

Platform Characteristics

$10 Million – $75 Million annual revenue
EBITDA greater than 10%

Geographical Characteristics

An East Coast U.S. location is preferred, but any continental U.S. based company will be considered. Europe and Asia are considerations for the right platforms with preference given to companies with Headquarters in the USA.

If your company fits the NRD, LLC company profile, we’d like to hear from you. Please fill out the contact form or reach out directly to Investor Relations at InvestorRelations@nrdllc.com or 716-622-5759