M&A and Strategic Alliances

An integral part of National Checking Company’s expansion strategy includes mergers, acquisitions and strategic alliances with complementary organizations.  We continually scan the horizon for new, exciting opportunities.  Our criteria for successful acquisition engagements are outlined within.

NATIONAL CHECKING COMPANY ACQUISITION CRITERIA

1. Privately-held business – ideally, family owned. We understand the importance and pride of owners whose names are on the door and the significance of retaining that culture with employees and their communities post-acquisition.
2. Suppliers of disposable products to Foodservice Distribution – We intend to stick to what we know well and do well.
3. Stable, profitable business – preferably with up to $5 million of pre-tax earnings with consistent, steady growth and predictable cash flows. Smaller businesses are acceptable if they fit into one of our existing business units. We look for well-run rather than troubled companies.
4. Strong, ethical management in place – for stand-alone businesses, our goal is to retain management and provide incentives tied to profitability and cash flow.
5. Sellers who want to sell their business at a fair price – we will not enter into auctions, we can close quickly and confidentially. We will be exceptionally fair in all transactions – however, ownership must be committed to selling.