Acquisition FAQs
What is The Cook and Boardman Group’s acquisition criteria?
We look for businesses with 1) $1.5m+ of EBITDA (with EBITDA margins of 12%+), 2) continuity in leadership and/or a strong succession plan, and 3) an employee-centric culture.
How does The Cook and Boardman Group value businesses?
We consider both quantitative and qualitative aspects of your business. As discussions progress, we’ll provide transparent insights into potential valuation.
How are transactions structured?
We prioritize simplicity but remain flexible to meet your goals and business needs. We are looking to build long-term relationships with Sellers and believe you will find our structure to be fair and consistent with market terms.
What is the acquisition process?
- Introductory Call: Assess mutual fit.
- NDA & Initial Review: Share and evaluate basic financial data.
- In-Person Meeting: Tour your facility and discuss details.
- Letter of Intent (LOI): Agree on valuation, terms, and structure.
- Due Diligence: Structured process to review your operations and financials.
Where does funding come from?
We are backed by Platinum Equity, leveraging their M&A&O® strategy, which combines investment expertise with deep operational capabilities to build strong, enduring companies. Collectively, they manage $48+ billion of diversified assets.
What happens to my team and my customers post-acquisition?
We aim to preserve your team, culture, and customer relationships. Retaining key team members and continuing exceptional service are critical to long-term growth.
What will my role look like post-acquisition?
Roles are tailored to your preferences and the business’s needs. Whether you stay in your current role, take on a new one, or move into an advisory capacity, we work with you to find the right fit.
How would The Cook and Boardman Group support businesses?
We work in partnership with our branches, providing support across several key areas:
- Leadership recruiting and development
- Technician recruiting and training
- Technology implementation and strategy
- Digital marketing support
- Centralized procurement and back-office services
- Full payroll and benefits management
- End-to-end IT system support and management
- Expert legal and compliance services
Do businesses operate independently or under The Cook and Boardman Group?
Although part of a larger family of brands, our businesses operate with a certain amount of independence that we believe is critical to maintain their local feel. We actively support them with national-level resources while ensuring they preserve their unique identity. Each business operates under its own budget and P&L.