Hampton, NH - Endur ID (“Endur” or the “Company”), a designer of identification wristbands, cards and accessories, has been acquired by Capital Resource Partners, a private investment firm based in Boston.
The company was advised through the process by John Howe, Director, and Ken Schaefer, Deputy Director, of Business Transition Strategies, a merger and acquisition firm based in Pembroke, NH and Andover, Mass.
Founded in 2004 by Robert and Sharon Chadwick, Endur manufactures and distributes wristband products and identification solutions for Veterans Administration hospitals, non VA hospital systems, long term care and mental health facilities, and correction/detention, immigration and customs enforcement agencies.
Endur’s core product is a line of durable wristbands that can be customized with a patient’s personal medical information and printed on site off virtually any laser or ink-jet printer in the market today. The Company pioneered the addition of color-coding alerts on its wristbands to improve patient safety and reduce caregiver error.
Endur has established relationships with third-party software vendors that allow the end user to customize and print wristbands from a local computer workstation. The Company also recently introduced a patented clasp to the correctional market that prevents users from removing or damaging personalized wristbands.
Robert Chadwick will remain actively involved with Endur post-closing.
CRP invests in companies with proven business models and strong positions in attractive and, often times, niche markets. CRP is comfortable with either partnering with existing management and ownership or bringing in new leadership. CRP has completed more than 80 acquisitions in a range of sectors including healthcare services, industrial products, software and IT, and business services.
Business Transition Strategies is a New England-focused M&A firm with offices in New Hampshire and Massachusetts that works with owners of private companies who want to sell or are considering a sale down the road. The firm has sold manufacturing, distribution, machining, coatings, assisted living, welding and gas supply, business services and other companies in New Hampshire, Massachusetts and New York.
Securities Transactions are conducted through StillPoint Capital, located in Tampa, FL, member FINRA and SIPC.
BTS News
Manufacturer Sold and New Owner Expands It
BTS served as advisor in the sale of PlasTech Machining Fabrication, Inc. to DelCam Holdings in 2020...the company has grown substantially, doubling employment and adding capacity to boost future prod
How M&A Will Respond to Next Recession
The takeaway for business owners: Get back to basics. Don’t worry about hyper growth. De-risk your company as much as possible.
Perception vs Reality with Small Businesses
Sometimes the economic picture on the news seems inconsistent with what is happening for many business owners. Nearly every owner we speak to is out straight.
NH-Based Techinical Manufacturing Company Sold
Hampshire Controls has a bright future with new ownership. The company was recently sold by Diane Rush, owner and president, to Pillar Imaging and its leader Dr. Michael Pilon.
Be Ready When You Are Ready
When a business owner says it’s time to sell, I ask, “How fast do you want to be out?” The answer I hear most is, “Yesterday.” But sellers underestimate how long the process takes.
Looking at a Sale Through the Right Lens
Sometimes our vision about the future is blurry because we aren’t considering the whole picture but only parts of it.
5 Deal Points from the Trenches
Today I work with clients of Business Transition Strategies who are implementing Growth Through Acquisition strategies. Here are a few observations from working on a wide variety of projects.
Tax Changes Could Hurt Net Proceeds
Changes proposed to the capital gains tax suggest they may need to get 30% more in a transaction in the future just to net the same value they would get today.
Good Ideas From Shark Tank Deal
One of my colleagues in Cornerstone Alliance was front and center in a recent Shark Tank exercise. A business that had been sold was put in front of four potential buyer groups.
Buyer Trends in Lower Mid-Market
Other businesses are a significant market for companies being sold within the lower mid-market.
Case Studies
Precision Machining Company
Initially, liquidation was a serious consideration. It would offer a quick exit but would hurt loyal employees and disrupt the customers who had come to rely on its quality production.
Green Product Company
Our client owners could dig in for the long haul…However, this would take five years or more. Owners simply lacked the horsepower to do it.
Water Purification Company and Young Buyers
Owners decided they wanted to retire. They also wanted to be fair to the staff who had been loyal to them. Could the company be sold, the staff retained and the facility remain in use?
Magnetics Company with High Profile Customers
(T)he manufacturer would need to focus on growing EBITDA to capture interest from major strategic buyers and achieve a higher multiple of earnings.