January 11, 2006
New Haven, Connecticut– Jan. 11, 2006 –Woodbridge, a leading national mergers and acquisitions firm focused on middle-market companies, has been exclusively engaged to conduct a comprehensive search for acquisition targets for two distinguished clients, Hartford-based NEFCO Corporation and Blue 9 Capital of New York.
NEFCO Corp. is a growing supplier of pipe support systems, strut, anchors, fasteners and tools that was founded in 1981. The company is seeking to buy or merge with a distributor or manufacturer located in the Eastern half of the country that sells similar product lines and generates up to $50 million in annual revenue. Woodbridge, on behalf of NEFCO, has begun identifying and evaluating hundreds of potential targets.
“The first phase of our search campaign will reach over 1,500 potential acquisition candidates,” said Robert M. Koenig, president of Woodbridge. “Our telephone screening process will then filter that list down to roughly 20 companies for NEFCO to explore further.”
A national search campaign is also underway for Blue 9 Capital, a premier private equity firm established in 1984. Blue 9 Capital holds a diverse group of successful companies and is seeking to expand its portfolio by acquiring a niche manufacturer of consumer products or capital equipment. The firm is interested in companies with over $10 million in annual revenue and $1 million – $5 million in EBITDA.
Woodbridge researched and developed a mailing list of prospective sellers who meet Blue 9’s basic investment criteria. More than 1,600 letters, along with a one-page profile of Blue 9, were mailed, and each one is currently being contacted by Woodbridge’s experienced buy-side screeners.
“Our primary goal is to provide as many high-quality acquisition candidates for our client as possible. That way a buyer can be certain that the market has been diligently searched and the best opportunities uncovered. One of the main benefits of our process is that buyers can approach targeted, pre-screened sellers and avoid competitive bidding with other buyers.” said Koenig.
Woodbridge, LLC., an innovative M&A firm, was established in 1993 and provides a full range of divestiture and acquisition services to middle market companies.