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Providence Group, L.P. is a Delaware limited partnership that acquires smaller "microcap" companies through the use of leverage buyout financing. Providence Group, LP is creating a diversified portfolio with a goal of acquiring three manufacturing companies in the Eastern United States with combined earnings in the range of approximately $10,000,000 per year and with an anticipated enterprise value in the range of $50,000,000. The Partnership targets smaller US companies with a minimum 10 year operating history, strong balance sheet, an asset to debt ratio of at least 3:1; strong management teams in place, and earnings ("EBITDA") in the range of $1,000,000 to $5,000,000 per year. Typically, the owner of the Company will be retiring, but willing to stay with the Company for a transitional period.
The Partnership plans to pay off acquisition debt and to keep its Portfolio Companies debt-free.
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