We acquire and grow middle market industrial & commercial businesses in even the most challenging situations
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Operations-focused acquirerDelta Forge acquires companies and manages them with practical guidance on operations. We are not merely financial engineers.
For companies in more challenging situations, we forge a transformation through our proven and award-winning approach. Our team has worked together for over a decade (previously at AIAC) to identify, acquire, change, and grow middle-market industrial & commercial businesses in even the most challenging of circumstances.
TMA 2017
Turnaround Management Assocation awarded its 2017 Turnaround of the Year award for Vermont Aerospace.
TMA 2018
Turnaround Management Assocation awarded its 2018 Turnaround of the Year award for Canadian Kraft Paper.
TMA 2019
Turnaround Management Assocation awarded its 2019 Turnaround of the Year award for Union Metal.
Team
Diverse capabilities enable versatility
Jeff Sands, CTP
Co-Founder - Operations
3-time TMA award winning turnaround manager and author of “Corporate Turnaround Artistry, Fix Any Business in 100 Days.” Jeff has an MBA and earned his undergraduate degree at Hobart College. LinkedIn >
Brian Shiau, CFA
Co-Founder - Investments
Private equity executive with $7 billion of transaction experience in industrials and special situations. Brian earned his MBA at Yale and AB economics at Princeton. LinkedIn >
Eric Larson
Financing | Investor Relations
Capital markets and debt restructuring expert with extensive experience working with lower middle market turnaround and growth companies.
Experience
Track record for outstanding operational performance
Vermont Aerospace
Vermont-based engineering, precision machining, sheet metal fabrication, and assembly for aerospace & defense.
Union Metal
Canton, Ohio-based manufacturer of steel poles and structures for the utility, traffic, and lighting industries.
Target Criteria
We consider opportunities ranging fromfounder legacy exits to special situations
- Revenue: > $20-100 million
- EBITDA: > $3-10 million
- Geography: Continental United States
- Business Services
- Distribution
- Manufacturing
- Aerospace & Defense
- Automotive
- Building Products
- Chemicals
- Communications
- Electronics
- Energy
- Healthcare
- Infrastructure
- Industrial Equipment
- Packaging
- Transportation
- Utilities
- Founder & Family Legacy
- Sponsor Exits
- Corporate Carveouts
- Bankruptcy & Article 9
- Landlord conflict
- Loan covenant violations
- Working capital issues