- Business
- Halitron, Inc. (HAON) is a multisector equity holding company focused on acquiring sales, marketing, and manufacturing businesses and integrating their assets into its low-cost operating infrastructure. The company targets bankrupt, distressed, or insolvent entities at low cost as well as profitable operations at EBITDA multiples of two to four times; it offers digital marketing services including website development, email solutions, search engine optimization (SEO), and pay-per-click (PPC) management; through legacy brands CinchSigns, which provides printed point-of-purchase products, and PiecesInPlaces, which specializes in office organization supplies such as plastic file folders. Founded in 2003 and headquartered in Newtown, Connecticut, with an additional location in San Diego, California, Halitron previously operated as Teknik Digital Arts, Inc. until renaming itself in August 2014. In October 2017, Halitron acquired The Hopp Companies, Inc. for $700,000 in assets, which generated $1.5 million in sales and $100,000 in adjusted EBITDA the prior year and supported its CinchSigns and PiecesInPlaces operations; the company has pursued additional targeted acquisitions, including signed letters of intent exceeding $1 million in annualized sales, and announced plans in January 2015 to acquire Newtown Digital Group for digital marketing expansion, alongside ongoing efforts for further roll-ups and financing to accelerate growth. Halitron operates primarily in the United States within the industrial conglomerates and capital markets sectors, serving business-to-business customers in marketing, manufacturing, and office supplies.