Case Study: Nova Holdings

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Growth Through Accelerated Acquisitions

 

Situation

• Highly profitable worldwide supplier and manufacturer of electrochemistry products
  • EBITDA margin in excess of 20%, over $160M of revenue
• Identified fragmented industry with stable businesses but inefficient operations
• Made original platform acquisition in 2003, backing experienced management team with roll-up concept

The Battery Difference

• Designed complex investment structure to provide operational flexibility and align management and investor interest
• Helped craft financial leverage strategy and worked to become an extended resource for management team in analyzing new business opportunities
• Set aggressive tone at the board level to support ambitious growth plans after model was proven

Result

• Completed 9 additional acquisitions through 2006:
  • A division of Corning Life Sciences; WTW GmbH; Schott Instruments GmbH; Secomam; ADS (a division of Axel Johnson); Sensor Technik Meinsberg GmbH; a division of Severn Trent; Ebro; DWC Technologies
• Realized dramatic operating efficiencies by implementing best-practice manufacturing processes, eliminating redundant overhead, and leveraging fixed-cost base

www.novavg.com

 

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