CCP Client 'CO323'
Manufacturer of Production Equipment for Wood Processing, Recycling and Energy Industries
Clayton Capital Partners is pleased to exclusively represent CO323 (the “Company”) in the sale of its business. CO323 is located in the Pacific Northwest and is a manufacturer of production equipment for the wood processing, recycling and energy industries.
• Turnkey Solutions
The Company has mastered the one-stop-shop experience. From design to completion, the Company provides comprehensive services to customers by offering engineering, project management, procurement and manufacturing of complex material handling systems, installed professionally.
• Long-Term, Exclusive Customer Relationships
CO323’s customers have relied on the Company for over 30 years, many as their sole source provider, resulting in negotiated contracts versus competitive bids. These relationships have been nurtured through exceptional customer service and innovative solutions, designs and products.
• Strong Backlog
The Company has generated a significant backlog of $20MM+ for 2021, which is equal to 12 months plus of backlog.
• Superior Constraint Resolution
CO323 has unrivaled expertise in industrial plant flow. It is able to identify bottlenecks in existing systems and offer solutions quickly, thereby increasing productivity.
• Deep Expertise and Cross-Functional Collaboration
The Company’s three decades of design and engineering success, combined with the design team’s prior construction experience, results in designs that are feasible and buildable. The organizational structure allows teams from all functions to work together resulting in a streamlined process.
• Expand Sales Force and High-Tech Product Offerings
Historically, the Company has focused on maintaining its customer base by providing exceptional service. The addition of a dedicated sales force focused on generating new business could significantly increase revenues. Further, CO323 has excellent knowledge of the latest scanners, optimization technology and controls and can integrate these into its complex systems to expand its offerings.
| CO323 Financial Highlights | |||||
| Reviewed Year Ended 12/31/2019 |
Reviewed Year Ended 12/31/2018 |
Reviewed Year Ended 12/31/2017 |
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Revenue
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$14,084,952 | $16,012,830 | $17,837,959 | ||
| Adjusted EBITDA | $2,387,142 | $2,704,138 | $3,107,660 | ||
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Adjusted EBITDA %
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17% | 17% | 17% | ||
The undersigned hereby agrees:
That all information, data and materials disclosed or furnished (herein called the Information) by Clayton Capital Partners Acquisition Candidate CO323 (herein called the Company) will be maintained strictly confidential and that, in consideration for such disclosure, no use of the Information will be made by any signing party, or employees of such party, other than for evaluation purposes, on a strictly confidential basis.
It is understood that disclosure of any of the Information, including the possibility that the Shareholders may consider sale, disclosure of the current status of the Company, or disclosure of any information to customers, vendors, competitors, or employees of the Company would cause serious financial damage to the Company and/or its affiliates.
The undersigned also agrees that, for the term of this agreement, they will not solicit for employment any management-level employee, executive-level employee, or any employee of the Company with whom the undersigned came into contact with as a result of the proposed transaction. Nothing herein shall preclude the undersigned from hiring any employee who responds to a general solicitation so long as it is not targeted at the Company or its employees(including through the use of search firms) or who contacts the undersigned of their own accord.
The undersigned agrees not to copy, duplicate, disclose or deliver all or any portion of the Information to a third party or permit any other third party to inspect, copy or duplicate the same except those parties deemed necessary by the undersigned to evaluate the possible transaction (including agents, advisors, affiliates, accountants, attorneys, consultants, and lenders). It is understood that the undersigned may disclose Information to only parties who (i) require such material for the purpose of evaluating a possible transaction and (ii) are informed by the undersigned of the confidential nature of the Information and agree to be bound by the terms hereof. The undersigned further agrees to be responsible for any breach of this agreement by the above mentioned parties, and that these parties will not use any of the Information for any reason or purpose other than to evaluate a possible transaction or in any way detrimental to the Company.
This shall not, however, prevent the undersigned from disclosing to others or using in any manner:
- Information which has been published and has become part of the public domain other than by acts or omissions by the receiving party
- Information which has been furnished or made known to the undersigned by third parties as a matter of right without restriction of disclosure
- Information which the undersigned can show was already in its possession at the time it entered into this Agreement and which was not acquired directly or indirectly from the Company, their representatives, its employees or their representatives, or
- Information which is independently developed by the undersigned or its representatives.
This agreement shall remain in effect for a term of two years from the execution date hereof and upon request, the receiving party will promptly return or destroy all data and materials furnished by the Company and destroy any internal analyses and/or workpapers related to the evaluation of the Company.The undersigned shall be permitted to retain copies of Information for the sole purpose of complying with applicable laws and not be required to destroy electronic Information saved for backup and bonafide record retention policies in the ordinary course of business. Any such retained Information shall remain subject to the confidentiality obligations of this agreement for so long as such information is retained.
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