The Company subcontracts manufacturing and distributes the finest architectural coatings available in North America. The wear resistance and eye appeal of these paints and varnishes are unsurpassed by the competition. The product line consists of both water and alkyd-based formulations and can be tinted to more than 10,000 colors in the catalogue. Products are available to contractors and DIY consumers through more than 152 specialty paint retailers in 26 states and Canada.
Besides the two owners, there are an additional 8 employees who operate the Company. Both owners live remotely from the center of activity.
Always profitable, the company produces an adjusted EBITDA of 24% or more – way above the industry average! The Company operates in a niche sector of the coatings business, which is not being addressed by the major paint manufacturers. At this stage it requires new management who can grow the company by expanding its distribution network.
Transaction: The owners are offering 100% of the business for sale. The owners are willing to remain on board post transaction for a reasonable transition period. There is a very knowledgeable and capable staff at the Company’s HQ/warehouse, which operates the business for the two remotely located owners.