Case Study · Buy-Side
Manufacturing Acquisition: $12.5M Print Company with Proven Leadership in Place
LCG sourced and managed the acquisition of a $3.5M EBITDA printing and manufacturing company in the Midwest on behalf of a buyer partner. The company's established C-suite — including a CEO with 15 years of tenure and 10 years in the top role — provided clean operational continuity under new ownership. The deal was structured with a commercial loan, cash injection, and seller carry, delivering a Year 1 DSCR over 2.0x against a bank requirement of 1.3x.
The Opportunity
A Turnkey Operation with Seasoned Leadership
The target was a printing and manufacturing company in the Midwest with $3.5M in EBITDA. What made this opportunity particularly attractive was the depth of its leadership team: the company was large enough to have a full C-suite, the owner was already out of day-to-day operations, and the CEO had been with the company for 15 years — serving as CEO for the last 10. This meant clean continuation of business operations under new ownership and a high likelihood of success.
The Approach
Structured for Stability
The buyer had a background in business management but did not have direct manufacturing experience. LCG sourced and managed the deal on behalf of the buyer partner, structuring it with 60% commercial loan financing, 30% cash injection (a combination of personal capital and outside investment), and 10% seller carry. The structure was designed to maintain comfortable debt service coverage from day one.
The Outcome
Strong Coverage from the Start
The deal delivered a Year 1 debt service coverage ratio of over 2.0x — well above the bank’s requirement of 1.3x. The established leadership team ensured operational continuity, allowing the new owner to focus on strategic growth rather than day-to-day management.
By the Numbers
Deal outcomes that speak for themselves.
From a stalled search to a closed deal and a growing business — in less time than most searchers spend reviewing CIMs.
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