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Acquisition Criteria
Types of Business
- We seek manufacturers of high value-added, Automotive Parts and Accessories.
- We acquire companies with potential for growth in revenue and or profits.
- We prefer companies that are niche-oriented market leaders with either a #1 or a strong #2 market position.
- We do not purchase turn-around situations.
Management
- General Automotive is decentralized--we will only buy businesses which have strong management teams in place. We expect management of each operating company to behave as the emotional owners of that business and we have longer term financial incentives designed to encourage continued growth of the business.
Financial
- Since we seek market leaders, we expect outstanding operating financial performance that can be built upon. We also expect that any business we own will generate significant real growth over time.
- We expect no 'synergies'. Acquisitions and each business is expected to stand on its own
- We are cash buyers but, will entertain exchange for General Automotive stock, which we view as a more expensive medium of exchange.
- A rigorous due diligence process covering finance, potential for growth, management and operational functions will be applied to acquisitions.
Contact Information
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