OverviewThe Thomas Family office has a strong tradition of establishing, acquiring and growing family owned manufacturing, service and distribution companies. Royal Vendors and Coin Acceptors, Inc. have both been owned by the Thomas family since their founding’s 30 and 60 years ago respectively. Num…
Overview
The Thomas Family office has a strong tradition of establishing, acquiring and growing family owned manufacturing, service and distribution companies.
Royal Vendors and Coin Acceptors, Inc. have both been owned by the Thomas family since their founding’s 30 and 60 years ago respectively. Numerous add-on acquisitions have been made to these two companies over the years that have helped grow them into the market leaders that they are today. We have rich histories in metal fabrication, plastics and electronics manufacturing, tight-tolerance engineering, refrigeration engineering, software engineering, parts sourcing, product and parts sales, servicing and remanufacturing.
Our owner Jack Thomas, has made a strategic decision for The Thomas Family Office to invest in diversifying his family’s interests by acquiring manufacturing companies unrelated to the vending and payment solutions industries.
In April of 2018 we took the first step in diversifying our portfolio with the acquisition of Riechers Truck Bodies and Equipment Co. Founded in 1934, Riechers manufactures and installs truck bodies for medium and large trucks. The company, which primarily works within the landscaping, construction, agricultural and service industries, also distributes auxiliary products, such as lift gates and snow removal equipment. Management was retained.
Value-Added Attributes:
· Buy, hold and grow acquisition philosophy
· Strong preference to retain management and the team that has built the company.
· Midwestern values, integrity and ethics
· 60-year history as a family owned business
· Deep understanding of manufacturing and plant operations
· Financial resources that Coin can bring to the Companies to help drive growth
· Proven track record of growing manufacturing businesses
· Strong commitment to customers, growth planning, and growth execution
Investment Criteria:
· Revenue Range: $5M - $50M
· EBITDA Range: $1M – $5M
The Thomas Family Office's portfolio of businesses include:
Royal Vendors – A manufacturer and principal supplier of can/bottle vending machines.
Coin Acceptors, Inc. – A historic manufacturer and supplier of payment systems with significant ongoing service and parts businesses.
Royal Remanufacturing, LLC – A remanufacturer of vending machines, coolers and freezers.
Select Source – A stand-alone parts supply business.
Riechers Truck Bodies and Equipment Co. – See description above.
