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PORTFOLIO 2018-03-14T23:24:29+00:00

The Watkins family of companies is a privately-held conglomerate with approximately $400 million in annual revenue. The enterprise encompasses several operating companies in a variety of industries.

Lakeland, Florida

Tampa Maid Foods imports frozen shrimp, performs value-added processing, and sells the end product through food service distributors, multi-unit chains, and retail channels, serving a nation-wide market.

Tampa, Florida

Cox’s Wholesale Seafood purchases domestic & wild-caught shrimp, performs limited seafood processing then packages the shrimp for sale. Serving a nation-wide market with primary distribution through multiple grocery store chains.

Lakeland, Florida

Peace Valley Groves is a citrus producer consisting of multiple farms in central Florida which grow a variety of oranges and other citrus products.  The company has been professionally run by the same leadership team for over 20 years. 

Knoxville, Tennessee

Highway Transport provides bulk transportation of chemicals with terminals in Tennessee, Texas, Louisiana and Chicago. It serves customers primarily in these footprints.

Atlanta, Georgia

Watkins develops and owns garden-style apartment communities in metro Atlanta. WREG also develops, owns, and manages grocery-anchored shopping centers in the southeast with four operating centers in its portfolio.

Monroe, Georgia

Tucker Door & Trim’s main business lines include assembling door jams and pre-hanging doors, custom millwork, and manufacturing windows. All products are distributed through building supply wholesalers, serving the entire southeast.

Atlanta, Georgia

Centerline provides custom insurance solutions that enable our clients to grow their business while effectively managing their cost of risk. They partner with clients to develop solutions for their most challenging risk management issues.

Atlanta, Georgia

Biltmore Insurance Services is an independent insurance agency, writing policies with a variety of major insurance providers.  Their products include coverage for auto, home, business, health, life, boat, motorcycle, trucking/fleet, and aviation insurance.

Through innovation and commitment, we are dedicated to turning our strong history of growth into a successful future. We seek to leverage our operational expertise to grow new businesses into market leaders.

VALUE PROPOSITION

  • As a multi-generational family-owned business, we understand the issues of ownership transitions and know how to acquire family owned businesses responsibly.
  • We seek opportunities where we can leverage our core competencies in new areas and industries.
  • We take a long-term view as we identify businesses with attractive future growth prospects and a management team with a desire to remain involved.

OUR APPROACH

  • We strive for a win-win situation with every deal.
  • Long-term capital allows us to invest in the future.
  • We have no obligations to sell any business in a predetermined time period.
  • We allow presidents of our businesses to operate independently, though our philosophy calls for a close-knit organizational structure.
  • We have a strong financial track record and significant credit capacity and can close a transaction with readily available financial resources.

INVESTMENT CRITERIA

TRANSACTION SIZE: $15M – $50M

FINANCIAL CRITERIA

  • Revenue from $30M – $100M
  • Growth of 5% or better
  • EBITDA margin of 10% or better
  • Modest capital investment requirements.
  • Industries of scale with opportunities for consolidation.

CONDITION

  • Established company operations.
  • Rapid growth, low capital intensity with moderate barriers to entry.
  • Companies with solid business prospects in a variety of markets.
  • Stable management team that will stay on post acquisition.

GEOGRAPHY

Primarily interested in opportunities in existing or adjacent markets (Southeastern U.S.) but will explore nationally in the U.S.

DEAL TYPES

  • Established operating companies/platforms with associated industry consolidation potential.
  • 100% ownership highly preferred with some flexibility for seller to maintain minority interest.

SELLER TYPE

Entrepreneur owned, family-owned, private-equity backed, or corporate sellers interested in ownership transition.

DURATION

Long-term focus with no obligation to sell at any time.

AREAS OF INTEREST FOR INVESTMENT

IS YOUR COMPANY A MATCH FOR US?