The acquisition opportunity is a full-service design and manufacturing company specializing in the production of machinery and equipment for the metal tube processing industry. They provide both configured to order products and custom designed manufacturing solutions. The custom design process includes detailed customer requirement definition and process solution development, from first concept through final production and installation. Based in the Southeast since 1971, the company has been in operation for over five decades and under the current ownership since 1995.
KEY COMPANY HIGHLIGHTS:
•Booked backlog as of the June 2023 financials is $3.2 million, with $2.2 million of that total being new machine orders and $1.0 million of booked aftermarket sales. Total gross sales are projected to exceed $5.0 Million in 2023.
•From 2002 through May 2023, aftermarket & spare parts sales have averaged 41.1% of total sales and contract sales (new machines) have averaged 58.9%.
•43.8% of new machine booking from 2017-June 2023 was produced for the Automotive Industry, with the next highest industry percentage being Tube Manufacturers at 26.1%; however, any industry or individual manufacturer using metal tubing is a potential customer.
Four of the five active owners wish to stay after the sale (Plant Mgr., Sales & Mktg Mgr., Design Engineering Mgr., Systems Engineering Mgr.). In all cases other than the President position, the desired timeline would probably be 3 years, and in most case 5 years. The President is very willing to work through a defined transitional period.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
0
0
0
0
0