Identifying Potential Acquirers

How would you identify about 25 possible companies that might be interested in buying a midsize regional wholesale bakery? Assume you have the CIM, past research on the company, and the bakery's adjusted financial statements. Think a wholesale bakery that supplies major grocery stores.

My thought would be to identify companies that sell similar products, have similar customer bases, and are comparable in number of employee's. Also I was thinking to list companies that operate in different regions then where the company for sale operates because these firms might wish to expand their business to a different area of the country.

Any comments/opinions on the best way to go about this? I am more interested in the overall strategy about how one would most successfully accomplish this task and the logic behind it. What are resources/websites that you would recommend to use?

 

You could also look into PE firms with bakeries in their portfolio. They would be desperate to buy such companies.

"I do not think that there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature."
 

Find SIC/NAICS code of company that is seeking to be acquired. Then, find companies in the same industry based on the codes (you will find companies that are listed in multiple SIC/NAICS industries, this will give you a larger number of potential acquirers).

 

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