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Marigold Resources' Exit Strategies for Business Owners

Successful exits have lots of moving parts. 

Successful exits have lots of moving parts. Marigold Resources is an Iowa based M&A advisor, located in the Quad Cities.  Started in 2011, Marigold provides business owners strategies for successful exits.

In the eighteen month period 2016 through June 2018, seventeen owners celebrated a successful exit as a result of engaging Marigold Resources.

Marigold provides owners ready to sell their business the appropriate resources to quietly and quickly go to market and understand all available options.

  • Business Valuation
  • Offering Memorandum
  • Confidential Targeted Marketing
  • Buyer Qualification
  • Purchase Offers Analysis
  • Deal Structuring & Negotiation
  • Deal Team Partner Alignment
  • Timely Due Diligence Fulfillment
  • Closing Documentation Coordination
  • Secure Project Management & Archiving

Business owners seeking solutions for more exit options are encouraged to consider qualifying for a Day in Davenport, which includes confirming your Value Builder Score, an Estimate of Value Report and Scenario Planning at our riverfront offices in in Downtown Davenport.

The Marigold Team

chris
 
Chris Barnard
Managing Partner

 

todd
 
Todd McGreevy
Managing Partner

 

larry
 
Larry McDonald
Brand Advisor

 

justin
 
Justin Holstein
Digital Media Advisor

 

tony
 
Tony Morales
Strategic Growth Advisor

 

bill
 
Bill Karben
Accounting & Valuation Advisor

 

john
 
John Mack
Business Appraiser

 

crowe
 
John Crowe
Senior M & A Advisor

 

Since 2012, Marigold Resources has made its world headquarters at the 1140 sf finished office space inside an industrial warehouse alongside the Mississippi River in downtown Davenport. The building built in 1920 and added onto in 1971 at 308 E River Drive is the second closest structure to the river in downtown.

Marigold's office overlooks the Arsenal Island bridge, two train tracks, Lock and Dam 15 and the crossroads of the national Mississippi River Trail and American DiscoveryTrail. In the winter one can watch bald eagle's dive for fish 50 yards outside the window. It's centrally located, close to many amenities, and parking-wise situated so business owners can visit discreetly. 
 
On April 30, 2019 the temporary levee or flood barrier made of HESCO boxes, erected by the City of Davenport right outside Marigold's doors on River Drive gave way. Video of the critical moment was captured by a neighbor's security camera and can be watched here, or below (the breach is at 3:33 mark). 
 


Managing Partner Chris Barnard was in the office when the barrier broke and the river filled up River Drive and 2nd Street so quickly, Chris' car was nearly washed away (it remains flooded in the parking lot). He and his dog Mick had to be boated out by the Davenport Fire Department, which was captured live by TV crews. Chris has subsequently enjoyed some celebrity status – at least amongst his family and friends who saw him on the footage used on several national news shows. But, we all know that when there's a disaster, getting the shot of the dog being rescued is the money shot. 
 
Chirs Mick Chris rescued IMG 1429

Managing Partner Todd McGreevy was returning back to Davenport from an out of state road trip when the levee broke. The next day Marigold's Branding Advisor Larry McDonald equipped Todd with a small kayak and gear to gain access. 
 

The previous record for flooding was set in 1993 at 22.6 feet and in 2019, the river has beat that record by getting to 22.7 feet on May 3rd.  The good news is the building has no basement, and the office and warehouse level are at 22.8 feet high in river depth measurement. 

Subsequently, at its crest, this flood came within 1” of breaching the Marigold office spaces. The office still has power and until last Friday, had internet and phones. McGreevy even took a couple calls while policing up items in preparation for rising waters.

Marigold has been fortunate to have many friends and colleagues who have offered temporary office space during this disaster. The office number 563-424-5707 is working and advisors are checking voicemail from afar. While temp office details are being worked out, for the time being Barnard and McGreevy can also be reached by e-mail and cell phone.

Now that the river has crested and is receding, and additional measures have been taken to protect the office should the river rise to a new record again, Marigold's customers should experience very little disruption in the high touch service these M&A advisors provide. 

Made in USA Upholstered Furniture Manufacturer M&A Opportunity$2.8 Million Annual Sales
$226,000 EBITDA

Profitable Opportunities: 

  • OEM Upholstered Seating partners lacking quick to market idea turn-around & capacity 
  • Manufacturers in panel driven categories: tables, shelving, casing, dividers that wish to cross sell upholstered seating to hospitality, institutional and commercial customers
  • Distributors, designers and architects working on outfitting the over 1MM US hotel rooms currently under construction
  • Contract furniture concerns west of the Mississippi River who can gain proven manufacturing and distribution in eastern US 

Leading Windows & Doors Distributorship For Sale$8.2MM 2018 Sales
$300,000 EBITDA 
$527,000 SDE

This company provides sales, service, parts, delivery and installation to both the Trade/Commercial and Retail customer base and operates in two states, and multiple counties as an independent distributor territory for a leading national windows and doors manufacturer.

Industry experience is not a requirement, but a strong sales culture background will provide the new owner the most success.

$9.12MM 2018 Sales
$1.64MM EBITDA 
70,000 sf Multi-Function Facility 

The upper-Midwest Company operates a highly recognized, family founded and owned, premier ISO 9001:2015 certified machining and fabrication business. 

The Company's machining capabilities, fabrication and repair expertise, stocking and lead times set the business apart in the precision manufacturing industry. 

From highly complex parts, both large and small, to one off's and prototypes, short or long runs this business provides customers profitable solutions, including a stocking program while generating higher margins on larger quantities. 

Specialties include, but are not limited to, contract machining, customer designed product repair and fabrication of primarily stainless steels, cast and forged steels, mild steels, and non-ferrous alloys.

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