First Aid Only

Learn About Our Client’s Success

Industry

First aid and AED distribution company

Location

Washington

Engagement Summary

Business Situation

The owners of First Aid Only, a first aid and AED distribution company, found themselves stuck with years of minimal revenue growth and an unoptimized EBITDA margin. Seeking a solution that would allow them to explore other entrepreneurial ventures, they turned to OneAccord for help.

Objectives: OneAccord implemented a two-year business optimization plan aimed at increasing the enterprise value, enabling the business owners to exit successfully.

Challenges:

Owner Dependency
Unscalable Operating System
Low Profit Margins

OneAccord Solution

How We Helped: OneAccord conducted a comprehensive discovery diagnostic and developed a Client Success Plan, outlining actionable steps to correct the course. First Aid Only agreed to the two-year plan, which included:

Executing the 2-year plan
Constructing new company roles and Standard Operating Procedures (SOPs)
Enhancing revenue growth and profit margins

Results

The Result: By the end of the engagement, First Aid Only experienced significant improvements:

The owners exited with a 7X EBITDA valuation
Increased sales and profit margins
Reduced owner dependency
Improved operational efficiency

The owners successfully stepped away from the business to pursue new ventures, with OneAccord continuing to work with the new buyer for 18 months post-transaction.

Future Plans: With the groundwork laid by OneAccord, First Aid Only is poised for continued growth and success under its new ownership.

At OneAccord, we are committed to building value based on strong values. We are honored to have been part of First Aid Only’s journey to success.

Contact Us to learn how OneAccord can help your business achieve similar success.