Marigold Resources Office at 308 E River Drive in Davenport, Iowa

Marigold Resources is proficient at advising businesses in the lower-mid market with $5 to $25 million in annual sales.

Independently owned since 2011, Marigold Resources is one of Iowa's leading M&A advisory firms.

Value Builder System: 8 Key Drivers

Driver 1: Financial Performance
Driver 2: Growth Potential
Driver 3: Switzerland Structure
Driver 4: The Valuation Teeter Totter
Driver 5: The Hierarchy of Recurring Revenue
Driver 6: The Monopoly Control
Driver 7: Customer Satisfaction
Driver 8: Hub & Spoke

The Marigold Team

chris
 
Chris Barnard
Managing Partner

 

todd
 
Todd McGreevy
Managing Partner

 

larry
 
Larry McDonald
Brand Advisor

 

justin
 
Justin Holstein
Digital Media Advisor

 

bill
 
Bill Karben
Accounting & Valuation Advisor

 

john
 
John Mack
Business Appraiser

 

crowe
 
John Crowe
Senior M & A Advisor

 

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iStock 1198056592The business owns and operates two sales/parts/service branches in Western Iowa. Each branch is a one-hour drive from each other and is ideally located in the heart of agriculturally rich western Iowa.  

The business is an OEM dealer for top tractor lines and also carries a wide variety of OEM short-line brands. Among its deep customer base, the business sets up and services equipment for additional brands.
 

The inventory is fully documented in an industry-standard accounting/inventory management software system that does not allow for any inventory to be removed without evidence of a sale transaction. 

The business recently invested in new trucks for the service staff, building upgrades for the service bays, a new service building, and more. 

  • Asking Price: $3.2MM
  • Includes $3MM+ in inventory
  • Includes $175K in FF&E
  • $9.74MM - 2021 Gross Revenue
  • $0.71MM - 2021 Adjusted EBITDA
  • $0.52MM - 3 Year Weighted Average EBITDA  
  • Real Estate: $700,000*
    *Not included in asking price

agbiz iStock 1292096638

Services to the local agricultural and farming communities include manure spreading, land rolling, bin whipping, cleaning of bulk storage bins and silos, equipment rental, trucking, vacuuming, and more.

Locally owned and operated, the business also provides sales and service to agricultural, construction, and lawn & garden equipment customers in west-central Iowa since 1991.

The business sells and services high-quality agricultural equipment from prominent manufacturers across the region. Additional services include bin cleaning, mobile oil changes, parts, online auctions, and more.

The business maintains a large fleet of continuously upgraded rolling stock required to provide its land application, hauling, and trucking services for customers within a 120-mile radius.

  • Asking Price: $5.5MM
  • Includes $4MM Rolling Stock 
  • Includes $500K Inventory
  • 2017-2021 Average Annual Sales:  $6.67MM
    • 2021 Sales: $5.48MM 
    • 2021 EBITDA: $1.6MM 
    • 2021 EBIT: $0.81MM 
    • 2021 SDE: $1.77MM 
  • Real Estate: $1,000,000*
    *Not included in asking price

Fabrication Machining Millwrighting

Annual Sales 

  • 2016: $1.7MM 
  • 2017: $1.9MM 
  • 2018: $1.9MM 
  • 2019: $1.8MM 
  • 2020: $1.8MM 
  • 2021 $2.0MM $387K EBITDA 
  • 2022: $2.25MM
  • 2022 EBITDA: $455K

    The Business makes and repairs parts & equipment for the leading 24/7 industrial businesses and corporations predominantly operating on or near the Mississippi River.  
 

The Business provides Machining, Fabrication and Millwright services to industrial, manufacturing and mining customers who rely on the Business for both large scale heavy-duty problem solving, fabrication and assembly, as well as smaller scale higher volume recurring job shop metal finishing.   

RV Dealership iStock 1224082266

The Company is one of the largest and best equipped RV and marine retail and service centers in its state. The northwestern Iowa business offers a wide variety of exceptional recreational products at competitive prices including Travel Trailers, 5th Wheels and Toy Haulers.

The Company’s highly experienced service technicians received ongoing training with the latest diagnostic equipment to ensure repairs are completed right the first time.


The Company operates from a new and expanded 22,000 square foot showroom and Parts & Accessories store. It also has a 15,000 storage facility. Both facilities are Company-owned.

  • 2021 Revenue: $6,400,000
  • 2021 EBITDA: $441,000
  • 2022 Revenue Est.: $6,700,000
  • 2022 EBITDA Est.: $461,000