IC Screening Memo · Sample
Midwest Millwork Platform
- Ask
- $4.2M
- CF
- $780K
- Multiple
- 5.4x
Fit
Buy-side fit for a searcher or PE add-on seeking durable cash flow in building materials with geographic density in the Midwest. Platform bones for bolt-ons.
Flags
- Top customer ~28% of revenue — contract terms need confirmation
- Seasonal working-capital swing; confirm revolver headroom
- Key-person concentration on plant GM — retention plan required
Next move
Move to QoE scoping and management call. Keep LOI paused until backlog aging and customer concentration are diligence-clean.
Verdict
ADVANCEFull pack deliverable: snapshot · fit · flags · 5 Qs · verdict · appendix — five memos on ADVANCE deals.