INDUSTRY: Defense Contractor

OPPORTUNITY: Roll Up

DESCRIPTION: Acquired a niche defense contractor

BACKGROUND: The company had an expertise in supplying mission critical, highly engineered, precision manufactured parts for nuclear submarines and aircraft carriers at a time when defense budgets were being cut.

VIVARIS:

  • Embarked on a campaign to consolidate the Company’s niche industry.
  • Leveraged the Company’s quality control and management talent.
  • Acquired six companies and tucked them into the platform business.
  • Took advantage of operating economies and cost savings.
  • Established up-selling and cross-selling opportunities.

PERFORMANCE: The company was merged into a larger competitor on a stock for stock basis.  Vivaris investors are now minority investors in a larger business and have an (unrealized) annualized return on their investment of approximately 34%.