DFX Intelligence
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Company
J••• H•••• F••••• M••••••••
Last verified Sep 12, 2026
4 sources · 18 observations · 2 events
Scored 4 days ago
What matters now
- $4.8M to $21.8Mprobable EBITDA
Probable EBITDA $4.8M to $21.8M on revenue of $95.5M to $218.4M, estimated from 273 employees.
Inside the $1M to $15M EBITDA range most independent sponsors state they buy.
InferenceDFX estimate from headcount on Form 5500, 45% confidence - 60dealability of 100
Why it fits: operating tenure +20, 41 years since earliest plan effective date (floor on age); sector demand +10.5, specialty distribution: sponsor demand index 0.70 (anonymised market prior); benefit plans +5, 3 benefit plans on file (a professionalised employer).
The largest contributions to its dealability score, each with the fact it rests on.
DerivedDFX score, 19 Sep 2026 - 93data confidence of 100
How sure the record is: 4 independent sources; latest effective observation 12 Sep 2026; size estimate at 45% confidence.
How much of this page rests on independent sources rather than on our estimates.
Measuredcount of sources and dates on the record
Dealability
60
elevated
Sponsor fit
47
elevated
Transition readiness
0
low
Urgency
0
low
Data confidence
93
high
Opportunity
20
ranking only
What is it
••• Locked
Why does it fit
- +24S•••••••••Estimate••• Locked
- +20O•••••••••Fact••• Locked
- +5B•••••••••Fact••• Locked
- +10.5S•••••••••Inference••• Locked
Why now
- -43.8P•••••••••Possibly resolved
- 0P•••••••••Resolved negative
- 0M•••••••••M•••••••••Inference••• Locked
How large is it
- Probable revenue
- $95.5M to $218M Estimate
- Probable EBITDA
- $4.8M to $21.8M Estimate
- Workforce proxy
- 364 plan participants
- Estimate computed on
- 273 employees, the headcount the size estimate used
- Method
- employees x sector revenue/employee band x sector EBITDA margin band
- Confidence
- 45%
How certain are we
- +40S•••••••••Fact4 independent sources
- +29.7F••••••••Factlatest effective observation 2026-09-12
- +13.5S•••••••••Estimate••• Locked
What changed
Ownership and transition activity
How the four classes are defined- Sep 1, 2024plan year 2024Company transitionFactFinal filing, next year unpublishedconfidence 80%Final Form 5500 for 1 plan; the following plan year is not yet on the recordRule: On the 2022 and 2023 tapes, 79 to 80% of sponsors that marked a return final were absent from the RAW Form 5500 record the following plan year (any size, any industry, EIN and successor), against 1.8 to 2.1% of sponsors that did not; that is next-year absence, not a sale rateDOL EFAST2 Form 5500 datasets efast.dol.gov · last verified Sep 12, 2026
- Sep 1, 2023plan year 2023Company transitionFactPlan terminated, sponsor continuesconfidence 50%2 plans marked final; the sponsor filed again the following plan yearDOL EFAST2 Form 5500 datasets efast.dol.gov · last verified Sep 12, 2026
Announced transactions
- Mar 11, 2024Strategic acquisitionconfidence 90%
••• Locked
DFX analyst research (General-assisted, every claim URL-cited) j•••••••.com
- Every dated event
- Sep 1, 2024Final benefit plan filingFactTransaction preparation••• LockedDOL EFAST2 Form 5500 datasets efast.dol.gov
- Sep 1, 2023Final benefit plan filingFactTransaction preparation••• LockedDOL EFAST2 Form 5500 datasets efast.dol.gov
Decision makers
No named leader on the record yet: the company's site did not list one where we read it.
Profile
- Founded
- benefit plan since Jul 1, 1985 (age floor 41 years)
- Ownership
- not observed
- Plans on file
- 3
What is the evidenceAbout the evidenceEvery observation on the tape for this company. Facts come from a named source; inferences and estimates are DFX's and say so.
| Fact | Value | Class | Effective | Source | Evidence |
|---|---|---|---|---|---|
| Active participants | 273 | Fact | 2024-09-01 | DOL EFAST2 Form 5500 datasets | |
| Analyst note | ••• Locked | Inference | 2026-09-12 | DFX analyst research (General-assisted, every claim URL-cited) | ••• Locked |
| Description | ••• Locked | Fact | Company websites (about, team, news pages) | ••• Locked | |
| Ebitda band | $13.3M | Estimate | 2026-09-12 | DFX model output (scores, estimates, matches) no URL | ••• Locked |
| Hq location | Eagan, MN | Fact | 2024-09-01 | DOL EFAST2 Form 5500 datasets | |
| Location count | 3 | Fact | Company websites (about, team, news pages) | Eagan, MN; Hiawatha, IA; West Fargo, ND | |
| Naics code | 423800 | Fact | 2024-09-01 | DOL EFAST2 Form 5500 datasets | |
| Observed buy box | 1 observed deals, 2024 to 2024 | Fact | 2026-09-12 | DFX analyst research (General-assisted, every claim URL-cited) | HTE Technologies (None, 2024-03-01) |
| Plan count | 3 | Fact | 2024-09-01 | DOL EFAST2 Form 5500 datasets | |
| Plan effective date earliest | 1985-07-01 | Fact | 2024-09-01 | DOL EFAST2 Form 5500 datasets | |
| Plan participants | 364 | Fact | 2024-09-01 | DOL EFAST2 Form 5500 datasets | |
| Plan participants | 255 | Fact | 2023-09-01 | DOL EFAST2 Form 5500 datasets | |
| Plan participants | 151 | Fact | 2022-09-01 | DOL EFAST2 Form 5500 datasets | |
| Subsector | Machinery equipment wholesale | Fact | 2024-09-01 | DOL EFAST2 Form 5500 datasets | |
| Transaction language | ••• Locked | Fact | Company websites (about, team, news pages) | ••• Locked | |
| Transaction role | buyer | Fact | 2024-03-01 | DFX analyst research (General-assisted, every claim URL-cited) | ••• Locked |
| Vertical | Specialty distribution | Fact | 2024-09-01 | DOL EFAST2 Form 5500 datasets | |
| Website | ••• Locked | Fact | 2026-09-12 | DFX analyst research (General-assisted, every claim URL-cited) | ••• Locked |