Perrysburg, OH, Feb. 01, 2018 (GLOBE NEWSWIRE) -- LD Holdings, Inc. (OTCQB: LDHL) announces today that it is executing on its “Baby Boomer” acquisition strategy by successfully closing and acquiring a landscape services entity in the Ohio region. Round 1 represents $1.8M in revenues and $400K in EBITDA. “We are happy to report that the first of many acquisitions has closed as we’ve worked hard to navigate and overcome the challenges of finding the right acquisition capital,” states John Ayling, CEO LD Holdings, Inc.
Along with the immediate focus of transitioning our initial acquisition, LD Holdings, Inc. is focused on executing Round 2 which consists of 2 additional acquisitions in the Landscape Services Industry in the Ohio region. These acquisitions represent an additional $9.3M in revenues and $1.52M in EBITDA and represent numerous “best practices” opportunities which can be transferred across all entities.
In addition to Rounds 1 and 2 outlined above, LD Holdings, Inc. is managing an active pipeline of interested companies (OH region) which represent an additional $11.75M in revenues and $1.76M in EBITDA. CEO John Ayling states, “We continue to see and predict a steady flow of quality businesses for sale at good multiples which will allow for continued growth for LD Holdings, Inc.”
Additionally, CEO John Ayling is also proud to announce the appointment of Division President – Mark Long to lead our Landscape Services vertical. Mark is a longstanding industry expert bringing Executive Leadership in all key facets of sales, operations and customer servicing. “We are happy to have Mark join our Executive team and lead the transition, growth and efficiencies in our Landscape Division. Mark’s experience will be paramount as we identify and add on more acquisitions in this industry and execute our business plan,” says CEO John Ayling. “I welcome the opportunity to join the LD Holdings team, utilizing my lifelong passion and extensive experience to build this Division. The Green Landscape Industry is a great space to build value through acquisitions, organic growth and gaining economies of scale,” says Mark Long – Division President.
CEO John Ayling recaps, “As we look over LD Holdings’ immediate and near term, our vision of becoming a reliable option for the sellers of these quality businesses is coming to fruition. We look forward to building on our initial success as we focus on delivering for our investors.”
About LD Holdings, Inc.
LD Holdings, Inc. operates as a financial and management holding company. It focuses on offering marketing, sales, and other business services, which represent target services to position client companies for sales and profit growth in preparation for their eventual sale; maintaining a database of businesses for sale; maintaining a database of individuals with specific backgrounds and expertise for acquisition, evaluation, and strategizing the post-acquisition business model; and maintaining database of investors. The company, LD Holdings, Inc. is based in Perrysburg, Ohio.
Statements in this news release regarding future financial and operating results, future growth in research and development programs, potential applications of our technology, opportunities for the company and any other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: our limited operating history, need for future capital and need to enter into relationships with retailers for retail merchandising business, supply and distribution risks, risks inherent in the development and commercialization of potential products, protection of our intellectual property, and economic conditions generally. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in the company's periodic reports, including the company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Forward-looking statements are based on the beliefs, opinions, and expectations of the company's management at the time they are made, and the company does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change.
Contact: LD Holdings, Inc. CEO John Ayling 1070 Commerce Drive Building 2 - Suite 303 Perrysburg, OH 43551 (419) 873-1111 Investor Relations – Glenn Hafner (630)777-4005 Glenn@LDHoldings.com
Source:LD Holdings Inc.