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December 1, 2022
FIVE Deals Closed in November, Totaling NINE Closed Deals to Date this Quarter, Beating Industry Trends
NEW HAVEN, CONN. — DECEMBER 1, 2022 — Woodbridge International, a global mergers and acquisitions firm and leader in the lower middle market, today announces it is on track for its best year ever in its 30-year history, with nine deals having closed in the 4th Quarter as of today. The firm continues to contrast industry trends and this month further announces a total of five deals closing in November alone proving that strategic buyers and private equity firms continue to be open to making investments in this market sector.
The deals Woodbridge International facilitated and closed in November include:
Landcare Associates, based in Madbury, New Hampshire, founded in 1984, and northern New England’s largest dealer of natural stone and hardscape products was acquired by Outdoor Living Supply, a portfolio company of Trilantic North America.
USBid, Inc., founded in 1998 and based in Palm Bay, Florida, is a value-added distributor of “hard-to-find” and “end-of-life” electronic and hardware components for the aerospace, defense, industrial, medical and telecom industries has been recapitalized by investment company Wincove Private Holdings, LP.
Converting Technology, Inc. (CTI), founded in 1993, based in St. Louis and Converting Technology Engraving, Inc. (CTE) in Elk Grove Village, Illinois, whose customers include folding carton manufacturers, food packaging companies, commercial printers, consumer packaged goods (CPG) companies and many others, was acquired by DFC Manufacturing Group.
L&M Marine based in Baldwin County, Alabama is a multi-brand marine dealer of new and pre-owned outboard aluminum and fiberglass boats. The company has exclusive territorial agreements with manufacturers. It has been acquired by One in a Row Ventures, a private equity firm.
The fifth deal/acquisition just closed is a waste management and recycling provider in Northern California.
Robert Koenig, Woodbridge International founder, and CEO notes that “the proprietary processes our team has honed over the past 30 years has positioned Woodbridge to successfully close deals in every economic landscape.” He continued, “we are thrilled to close these deals in November, and with a number of deals on the near horizon in December, we are now targeted to have our most successful year ever.”
Woodbridge International does not focus on one particular vertical, which allows their team to cast a wider net of possible buyers. With these opportunities, experience in the number of verticals increases giving them a deeper knowledge bank leading to more closed deals.
Koenig concludes, “These companies appreciate the deals we bring them, as they understand how we have vetted the businesses and set both the buyers and sellers up for long-term success. We certainly expect more deals to be completed by the end of 2022.”
Woodbridge International’s ground-breaking approach to marketing a company globally has transformed the way the sell-side M&A industry does business.