Sales $11.0MM; $1.9 EBITDA. Provider and Distributor of customized engineering products for assembly systems, tools and ergonomic material handling equipment. Serving industrial manufacturers including Tier 1 and Tier 2 automotive. Territories include Ohio and Kentucky (exclusively for one of their manufacturers) as well as PA, IN, MI and various southern states due to their extensive network and reputation.
The industries/manufacturers served are experiencing an upward trend in sales due to increased automation resulting in: (1) reducing headcount; (2) increased price competitiveness; (3) improved quality.
As a result of personnel reductions, manufacturers have come to depend on outside vendors for procurement and project management who understand each customer's operation, including tooling required to best complete the assignment.
Company is also growing due to increased automotive and light truck sales, plus new vehicle models coming on-line.
Typical order size is $10,000 with a gross margin of 24% to 25%. This company has achieved highly competitive "elite" supplier code status with all of their major customers - without these supplier codes vendors cannot enter the bid process. Company has ISO 9001:2008 certification and is debt-free.
Owner is retiring. Will continue as consultant until Buyer is totally proficient with all Products and has established relationships with Customers. Founded in the 1990's the company has approximately 20 workers, most of whom are sales engineers calling on large customers. Management and Key Personnel will stay on.
Extremely reasonable asking price and terms.
Asking Price Available On Request
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