Approach   |   Why Decisive   |   Milestones

Objectives

Acquire profitable, well established manufacturing companies from legacy-minded business owners, support the long-term success of the businesses acquired, and create sustainable and growing shareholder returns.

Disciplined Criteria

  • Disciplined acquisition strategy.
  • Focus on opportunities in manufacturing.
  • Steady cash flows with growth potential.
  • Established, strong leadership.
  • Sustainable competitive advantage.
  • Operations based in North America.
  • Enterprise value up to $25 million.

Buy / Build / Hold

  • Acquire 100% ownership.
  • Vendors and key management have equity interest.
  • Provide capital to grow the business.
  • Long term ownership.

Strong Partnerships

  • Subsidiaries continue to operate autonomously.
  • Maintain individual business identity.
  • Oversight through strategic planning, financial reports, and other support.
  • Partner with existing management to grow the business.
  • Access to resources to help achieve business potential.

Why Decisive

Vendors

  • Legacy-minded business model.
  • Exit opportunity.
  • Opportunity to cash out (purchase consideration: minimum 10% Decisive Dividend shares, remainder in cash).
  • Participate in future Decisive Dividend growth.

Employees

  • Business as usual.
  • Opportunity for equity ownership (Employee Share Purchase Plan).
  • Capital to grow the business.
  • Stability of long-term ownership.
  • Commitment to communities where businesses are located.

Shareholders

  • Sustainable and growing shareholder returns.
  • Monthly dividend strategy.
  • Growing portfolio of companies.
  • Strong deal flow.
  • Industry and geographic diversification.
  • Organic growth of existing companies.

Milestones

2021

  • Completed debt refinancing ($36.0 million) with Canadian Western Bank Maximum Financial Inc. – October 2021.
  • Increased monthly dividend by 25% to $0.025 ($0.30 annualized) – September 2021.
  • Appointed Jeff Schellenberg Chief Executive Officer – June 2021.
  • Reinstated monthly dividend after a pause due to COVID-19 uncertainty – April 2021.
  • Launched Normal Course Issuer Bid – January 2021.

2020

  • Engaged Oak Hill Financial for Decisive Dividend Investor Relations – October 2020.
  • Signed long term agreement: Daimler Trucks North America and Decisive Dividend subsidiary, Northside Industries Inc. – June 2020.
  • Suspended monthly dividend due to COVID-19 pandemic uncertainty – March 2020.

2019

  • Completed acquisition of Northside Industries – August 2019.
  • Completed debt financing ($31.2 million) with Bank of Nova Scotia and Roynat Inc. – August 2019.

2018

  • Launched Dividend Reinvestment and Cash Purchase Plan “DRIP” – December 2018.
  • Completed equity offering of common shares ($14.9 million) – July 2018.
  • Completed acquisition of Hawk Machine Works Ltd. – June 2018.
  • Completed acquisition of Slimline Manufacturing Ltd. – May 2018.

2017

  • Increased monthly dividend by 20% to $.03 per month ($0.36 annualized) – March 2017.

2016

  • Completed acquisition of Unicast Inc. – June 2016.
  • Completed equity offering of common shares ($5 million) – June 2016.

2015

  • Increased monthly dividend by 25% to $0.025 per month ($0.30 annualized) – October 2015.
  • Launched monthly dividend of $0.02 per month ($0.24 annualized) – June 2015.
  • Completed equity offering of common shares ($2 million) – February 2015.
  • Completed acquisition of Valley Comfort Systems – February 2015.

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