NetworkNewsBreaks – RJD Green Inc. (RJDG) Divisi
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Posted On: 10/16/2023 4:48:19 PM
NetworkNewsBreaks – RJD Green Inc. (RJDG) Division Inks Definitive Purchase Agreement with Midwest Fireplace, Wood Stove Company
RJD Green (OTC: RJDG), a holding company with a focus on acquiring and managing assets and companies, through its Silex Holdings Inc. division, has entered a definitive purchase agreement with a premier Midwest regional sales and installation company that offers fireplace and wood stove products and accessories. According to the announcement, the Midwest company is a leading regional provider of popular fireplace models including direct vent, zero clearance and electric. Specifically, the company has maintained 24.5% EBITDA over the past three years, and when combined with Silex Interiors, an operation of Silex Holdings, projected revenues will be more than $7.9 million and more than $1.2 million EBITDA prior to the immediate revenue growth opportunities available. The agreement is scheduled to close in November.
“This acquisition, the first of three add-on acquisitions in progress, will solidify our construction products and services division by combining two excellent profit centers with symmetrical regional markets,” said RJD Green CEO Ron Brewer in the press release. “Post-closing, we will initiate offering of all products from the three 4,000-square-foot showrooms within our regional markets and incorporate our ongoing sales and marketing programs in the additional markets. As well, we will fully explore the synergistic operational and administrative opportunities available that create substantial efficiencies and greater customer outreach. Growth will occur through the planned introduction of new products and services by both operations along with maintaining the existing customer base. If all three add-on opportunities are completed, the consolidated revenues will create over $13,000,000 in annual revenue prior to growth. RJG Green is continuing outreach to possible acquisitions in the healthcare sector and green-environmental products and services as well as the Silex efforts.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
RJD Green (OTC: RJDG), a holding company with a focus on acquiring and managing assets and companies, through its Silex Holdings Inc. division, has entered a definitive purchase agreement with a premier Midwest regional sales and installation company that offers fireplace and wood stove products and accessories. According to the announcement, the Midwest company is a leading regional provider of popular fireplace models including direct vent, zero clearance and electric. Specifically, the company has maintained 24.5% EBITDA over the past three years, and when combined with Silex Interiors, an operation of Silex Holdings, projected revenues will be more than $7.9 million and more than $1.2 million EBITDA prior to the immediate revenue growth opportunities available. The agreement is scheduled to close in November.
“This acquisition, the first of three add-on acquisitions in progress, will solidify our construction products and services division by combining two excellent profit centers with symmetrical regional markets,” said RJD Green CEO Ron Brewer in the press release. “Post-closing, we will initiate offering of all products from the three 4,000-square-foot showrooms within our regional markets and incorporate our ongoing sales and marketing programs in the additional markets. As well, we will fully explore the synergistic operational and administrative opportunities available that create substantial efficiencies and greater customer outreach. Growth will occur through the planned introduction of new products and services by both operations along with maintaining the existing customer base. If all three add-on opportunities are completed, the consolidated revenues will create over $13,000,000 in annual revenue prior to growth. RJG Green is continuing outreach to possible acquisitions in the healthcare sector and green-environmental products and services as well as the Silex efforts.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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