Business Overview
About the Company
Nestled in the Pacific Northwest, this machining and well drilling company is a testament to entrepreneurial success. Born in 1978 within the humble confines of a garage, it has since flourished into a powerhouse within its industry. Today, it has become one of the largest machining and well drilling operations in the Western US. With very large scale project capabilities, they serve a diverse clientele across multiple industries including agriculture, the federal government, local municipalities, and hydroelectric powerhouses. The company's growth trajectory from modest beginnings to industry leader has been fueled by the collective wisdom of its team, which possesses over 150 years of collective hands-on experience. This enduring establishment not only showcases an unwavering commitment to excellence but also a profound depth of industry knowledge that's become its hallmark.
In a three-year span, the business has achieved a significant increase in revenue, growing from $5.7 million to a notable $9.4 million in 2023. This upward trend is a testament to the company's robust business model and efficient operations. Additionally, the company’s $7 million+ in fixed assets adds to its appeal, offering tangible value, unutilized capacity, and a solid foundation for continued success. The established business model, underpinned by refined and proven systems, presents a low-risk opportunity for potential buyers, promising continuity of strong profits under new ownership.
The current owner envisions tremendous potential for future expansion. Recent improvements, such as the expansion of a large-scale facility capacity and the addition of two of the largest milling machines West of the Mississippi, have strongly positioned the company for further growth. The owner suggests that with additional strategies, such as implementing a marketing program (virtually nonexistent currently), the company's revenue could potentially double with existing assets and employee base. This potential for expansion, combined with the company's established reputation and recent upgrades, presents an attractive prospect for a new owner looking to capitalize on existing growth and lead the company into a new phase of success.
The motivation behind the sale is both personal and forward-looking. The owner, acknowledging his age and the desire to secure the future of the company and its employees, is looking for a buyer who shares a vision of growth and improvement.
For more information, including full financials, a video Q&A with the owner, SWOT analysis and more, please visit the Business Website below to sign an electronic NDA and unlock the private details.
