Celerity focuses on acquiring small and medium-sized businesses having annual cash flows of $1-10 million, or annual revenues of $10-100 million. We seek companies in industries in flux, perhaps recovering from an industry-wide downturn, in need of financial restructuring. The Firm then drives growth and productivity by:
- Strategic
repositioning of the business to focus on most profitable segments
- Expansion
of product and service lines
- Market
share expansion and add-on acquisitions
- Lean
asset and labor productivity programs
Key to this strategy is the
ability to identify companies and industries where internal and external growth
opportunities exist, and superior management is either in place at the acquired
company or can be recruited to execute this strategy. Celerity focuses on
growth and productivity, not financial engineering, to generate value from its
investments. Celerity ensures that the businesses it owns are prudently
capitalized, have a sound economic strategy, long term focus and growth
orientation to afford the greatest degree of flexibility without undue financial
risk.
The Firm seeks out companies
in which the owner of a privately held business is seeking liquidity, or when a
parent company is seeking to spin-off a non-core division or subsidiary.
However, Celerity does not focus its efforts on bankruptcy turn-around
situations, unfriendly acquisitions, start-ups, high-tech ventures, or
commodity businesses.