Worked case: a real mid-market manufacturer, sized from public filings
The reference model on the homepage is illustrative. This one is a real company, sized from what it files with regulators, with its identity withheld on purpose. It shows what the diagnostic sees before it has seen a single internal number.
The company and the rule
The subject is a publicly traded United States mid-market manufacturer of protective clothing and safety apparel, with revenue in the range the SEAS system is built for, and a recent history of acquisitions. It never asked to be analyzed, so it is not named, its acquired brands are not named, and its geographies are generalized. Everything below is derived from public financial disclosures and best-in-class peer benchmarks; nothing comes from inside the company. The figures are benchmark-derived estimates of potential, not findings of inefficiency, and not investment advice.
What the diagnostic sized
| What the filings show | Annual EBITDA range | |
|---|---|---|
| Selling, general and administrative integration efficiency | Overhead carried from a run of acquisitions that has not yet converged on the peer benchmark | $3.3 million to $5.9 million |
| Pricing harmonization across acquired brands | Price lists and discount structures that still differ by acquired brand for comparable products | $1.7 million to $2.5 million |
| Procurement and supply chain consolidation | Duplicated supplier bases across acquired entities, with concentration by category | $1.1 million to $2.0 million |
| Gross opportunity surface | $6 million to $10 million | |
| Incremental, net of management's own guidance | Management has already announced part of this improvement; the net figure removes it | $3 million to $6 million |
| Implied enterprise value at 8.0 times | Applied to the net incremental range | $49 million to $83 million |
A separate one-time working capital item was sized outside the annual figures and is in the full document.
Why the net figure matters more than the gross
Most value creation analyses stop at the gross number because it is larger. The worked case subtracts what management has already committed to in its own guidance, because a board or an acquirer will. The $3 million to $6 million that remains is the part nobody has claimed yet, and it is the honest starting point for a plan.
How the same method reads your company
The three pockets are the three pockets of the FLOAT diagnostic, run here on filings alone. On internal numbers the method goes further: the contract list makes the pricing pocket exact rather than inferred, the vendor ledger makes the concentration pocket exact, and the 500-record data audit tells you which of the three can carry an agent first. The workbook that produced these figures ships with SEAS, pre-populated for the $150 million reference company and ready for your inputs.
What this case is not
It is not a customer result. SEAS has not been deployed inside this company and no one there has run the system. It is an independent analysis by Smart Agentic Systems from public disclosures, which is exactly what makes it checkable: anyone with the filings and the peer set can reproduce the arithmetic. That is the standard the rest of this site holds itself to, and the reason the company is unnamed.
Frequently asked questions
The full worked case is a free download. The workbook that produced it, and the diagnostic that sizes the same three pockets on your numbers, ship in SEAS.
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