Alderman Enterprises “on the hunt” for new acquisitions after new capital raise

Chattanooga-based Alderman Enterprises, a company we have featured in several posts, has acquired additional capital and is on the lookout for new acquisitions that meet these criteria:

  • Revenue of $3 to $30 million and EBITDA (earnings before interest, taxes, depreciation, and amortization) of $1 to 5 million;
  • Owner(s) committed to selling at least a majority position;
  • Located within two hours of Chattanooga;
  • Niche offering with commensurate margins; and
  • A preference for those in manufacturing, distribution, industrial and business services.

“We are especially seeking add-on companies that align with our current portfolio,” Alderman stated in an email. Since our most recent article that published in January 2021, the company has added Micro Metals Inc., a world-class powder metal parts manufacturer located in Jamestown, TN, and Combustion & Control Solutions Inc. in Chattanooga, a provider of industry-leading steam and hot water solutions to customers throughout the Southeast. They join Alderman’s other portfolio companies – Dalrymple Rigging and Transport Inc., A1 Hevi-Lift Rentals, Southeastern Tool & Design Inc., and Edwin Bohr/Electronics

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