Case study

Kadee Industries

Summary

Kadee Industries is a leader in the design and manufacturing of architectural grating systems and entrance mats for commercial buildings throughout the United States. The company hired REAG to serve as the exclusive sell-side advisor for the company.

Services

Confidential Third-Party Sale

Industry

Architectural Building Product Manufacturing

Challenge

After building a successful business for more than 30 years, the owner of Kadee Industries decided to retire. REAG was tasked with identifying a buyer that would continue growing the business while maintaining the existing workforce.

Solution

REAG began refining a list of potential strategic, individual, and private equity acquirers. Once non-disclosure agreements were signed, REAG delivered a confidential information memorandum (CIM) detailing the company’s historical financials, current operations, and growth potential. Upon reviewing the CIM, multiple letters of intent (LOI) were submitted. REAG then compared and contrasted the LOIs to help the client choose a buyer with a reputation for exceptional quality and a proven industry buyer with a history of closing deals and successfully integrating new businesses into the company.

Results

Kadee Industries was sold to Ohio Gratings, Inc. (OGI), a privately held business located in Canton, Ohio.
1
Potential buyers identified and contacted
1
Successful transaction
1
Months to deal completion
1 %
Employee retention

Testimonial

“Every part of the 8-month process to sell my business was purposely motivated, diligent, detail oriented, and considerate of all of my business skills and requirements. [REAG] exuded the confidence I needed from our first meeting, and never let up until the deal was successfully done.”
Brian Mullins, former owner of Kadee Industries
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